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...The state-led march away from foreign hardware will dent US companies in China, starting with the world’s dominant PC processor makers, Intel and AMD....
...Su said AMD “spends a lot of time with the [Biden] administration” and US commerce department....
...Minneapolis-based Castlelake is a specialist lender with a focus on aircraft leasing, providing financing for large airlines including United Airlines and Turkish Airlines that is secured against their planes...
...Modi pushed Musk to invest in India when the two met during a visit to the US by the prime minister last year....
...Super Micro Computer was the biggest faller, declining by just under 9 per cent. The Nasdaq Composite rose 0.4 per cent....
...Netflix has been pushing further into sports-related content, including a $5bn deal to live stream World Wrestling Entertainment’s flagship Raw programme in the US over the next decade....
...But US chip designers Nvidia and AMD are breathing new life into the advanced technology that has now become a critical component in all AI chips....
...If the US raises interest rates again this year, higher car financing costs could further dent demand....
...Kate Calvert, an analyst with Investec, said that like the acquisition of Finish Line, the Hibbett deal “could turn out to be a well-timed acquisition at the bottom of a cycle”, adding that focus was likely...
...Apple has cancelled its efforts to build an electric car as it pivots to focus research funding on generative artificial intelligence, according to a person familiar with the matter....
...By contrast Dollar Tree, whose stores are mostly in suburban locations and focus on middle-income households, has fared far better. Its same-store sales rose 6.3 per cent during the quarter....
...Super Micro Computer, a server equipment maker with no credit rating whose share price has more than doubled since the start of the year, was able to raise $1.7bn with zero interest rate....
...The grip of the so-called “Magnificent Seven” tech companies on US stock markets has loosened as investors focus on concrete results rather than solely on artificial intelligence’s potential....
...The company also issued its first statement, stressing that its “primary focus” was the “quality and product integrity of the aircraft structures we deliver” and that it was continuing to work with Boeing...
...Timms will take over from Neal Wolin, former deputy secretary of the US Treasury....
...But less global focus can mean missing out....
...It is the top performing US airline stock over the past year. Among big US carriers, it appears to be the least affected by Boeing’s production and delivery issues....
...Epic largely lost a high-profile legal case against Apple in the US....
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. CPI: stuck If three data points make a trend, then US inflation looks stuck at 3 per cent....
...God save us from bosses who want to be visionaries....
...Enterprise software company SAP, meanwhile, unveiled a “company-wide transformation” in January that will include the axing of around 8,000 jobs as the company increases its focus on AI....
...The US healthcare company said on Friday that it would pay $335 a share in cash to acquire Shockwave, which specialises in manufacturing a catheter-based treatment for patients with calcified arteries....
...the US....
...“We focus a tremendous amount of energy on helping people live longer lives. But not even a fraction of that effort is spent helping people afford those extra years,” he wrote....
...The stand-off highlights some hot issues that US companies and their shareholders would do well to keep in mind. One is the increasing focus of institutional investors on social issues....
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