PREVIOUS TRADING DAY EVENTS 24 May 2023 Announcements   The 2digit inflation has finally become 1digit, specifically 8.7, according to the CPI data released yesterday, the 24th of May. This is a good sign for the Central Bank as U.K.s inflation rate remained much stronger than expected with the Bank of England to hike rates continuously, […]

US GDP estimates, initial jobless claims due at 1230 GMT Dollar rises to more than 2month high May 25 Reuters Gold prices edged up on Thursday as investors waited for developments in drawnout debt ceiling negotiations in Washington, with gains in bullion capped by the U.S. dollar rising to a more than twomonth high. Spot […]

MUMBAI, May 25 Reuters The Indian rupee inched lower on Thursday on risk aversion fuelled by the U.S. debt ceiling worries, but fared better than its Asian peers and continued to hold above a key level. The rupee was last at 82.7425 to the U.S. dollar, down less than 0.1 from the previous session. In […]

May 24 Reuters Nvidia Corp on Wednesday forecast secondquarter revenue more than 50 above Wall Street estimates, and said it is boosting supply to meet surging demand for its artificialintelligence chips, which are used to power ChatGPT and many similar services. Shares of Nvidia, the world39;s most valuable listed semiconductor company, rocketed as much as 28 […]

Tate Lyle gains after FY profit Qinetiq lifts FY dividend, shares rise Pets At Home drops to FTSE bottom on lower FY profits Cineworld expects to exit bankruptcy, shares up Johnson Matthey drops on lower FY earnings May 25 Reuters UK39;s FTSE 100 extended losses on Thursday as investors were anxious about further monetary tightening […]

Nvidia39;s strong forecast boosts chipmakers German economy entered recession in Q1 Luxury stocks extend slide for third day May 25 Reuters European stocks steadied on Thursday after their worst twoday selloff since March, as investors balanced concerns over the U.S. debt ceiling standoff and a global economic slowdown with optimism from upbeat corporate earnings. The […]

The surging demand for artificial intelligence computing has a downside, and it’s sucking up too much energy to be sustainable.

Consumers age 16-34 say ChatGPT results are better than Google search, suggesting adoption of the tool is poised to expand.