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Canadas Economy Stalls in August; Cenbanks Q3 Growth Forecast in Doubt

November 1, 2024
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August GDP dented by weakness in goodsproducing sector July growth downwardly revised to 0.1 from 0.2 Growth likely to hit 0.3 in September, Q3 seen up 1 OTTAWA, Oct 31 Reuters Canada39;s economy is likely to miss the Bank of Canada39;s revised thirdquarter forecast after a slew of temporary factors stalled gross domestic product growth […]

November 1, 2024
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Weekly jobless claims fall 12,000 to 216,000 Continuing claims drop 26,000 to 1.862 million Consumer spending increases 0.5 in September Core PCE price index rises 0.3; up 2.7 yearonyear Labor costs post smallest gain in over three years in Q3 WASHINGTON, Oct 31 Reuters The number of Americans filing new applications for unemployment benefits […]

November 1, 2024
Finance
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Growing use of generative AI to help with product design can help shorten the window from conception to production, reducing long lead times that often produce inventory imbalances and missteps.

October 31, 2024
Finance
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Electronic design-automation providers stand to gain $6 billion through 2030, Bloomberg Intelligence’s AI scenario analysis shows, with AI-enabled tools like Synopsys’ DSO.ai and Cadence’s Cerebrus seeing performance gains among its customers.

October 31, 2024
Business
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Oct 31 Reuters Selfdriving tech firm Mobileye Global topped Wall Street expectations for quarterly revenue on Thursday as a rebound in car sales in China led to improved demand for its driverassistance chips. Shares of the company, which is majorityowned by Intel, were up 8.2 before the bell. The Chinese passenger vehicle industry snapped a fivemonth […]

October 31, 2024
Business
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NEW DELHI, Oct 31 Reuters Big investors including Norway39;s sovereign wealth fund Norges and Fidelity have placed bids worth more than 15 billion in Swiggy39;s India IPO, 25 times the 605 million portion reserved for such investors, four sources told Reuters on Thursday. Swiggy, a SoftBankbacked Indian food and grocery delivery giant, will next week […]

October 31, 2024
Business
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TOKYO, Oct 31 Reuters Japan39;s Panasonic Holdings said on Thursday secondquarter operating profit rose 42 at its batterymaking energy unit, as stronger sales of energy storage systems for data centres offset falling demand for automotive batteries. Operating income for the key segment, which makes batteries for Tesla and other automakers, rose to 32.7 billion yen 213.82 million, […]

October 31, 2024
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BENGALURU, Oct 31 Reuters Global economic growth will maintain its robust pace next year as major central banks implement a series of interest rate cuts against the backdrop of a strong U.S. economy, according to a Reuters poll of around 500 economists. Next week39;s hotlycontested U.S. presidential election could limit the growth picture, however, by […]

October 31, 2024
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Manufacturing expands for first time in six months Construction and services avoid falling into contraction Reinforces officials39; belief Sept stimulus can revive economy Fourth quarter is off to a good start, economists say BEIJING, Oct 31 Reuters China39;s manufacturing activity expanded for the first time in six months and services picked up in October, indicating […]

October 31, 2024
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SHENZHEN, China, Oct 31 Reuters Chinese smartphone maker Honor announced on Thursday new investors that included China Telecom and a unit of CICC Capital Corp, almost a year after it said it was planning an initial public offering IPO. Honor, a former unit of Huawei Technologies HWT.UL, did not disclose the amount of the investment. […]

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Canadas Economy Stalls in August; Cenbanks Q3 Growth Forecast in Doubt

Low US Weekly Jobless Claims, Solid Consumer Spending Showcase Economys Strength

AI can enhance product design efforts, speed up time to market

AI could add $6 billion to electronic design-automation market

Mobileyes ThirdQuarter Revenue Beats on Improved Demand

Swiggy IPO Gets Bids of 15B from Big Investors Like Norges, Fidelity, Sources Say

Panasonics Battery Unit Q2 Operating Profit Rises 42, Keeps Forecast

Global Economy Set to Cruise at Solid 3 Growth Rate next Year, Poll

Chinas Manufacturing Activity Expands for First Time in Six Months

Chinese Smartphone Maker Honor Announces new Investors

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