格隆汇3月24日｜据魅族科技消息，在“魅族科技战略转型公告”发出后，消费电子、智能座舱、IoT 等领域的多家软硬件厂商，已经和魅族科技就Flyme生态合作的相关事宜展开洽谈，目前推进顺利。魅族科技还表示，Flyme持续开放系统及AI能力，面向多品类智能终端提供Powered by Flyme合作方案。
格隆汇3月24日｜据魅族科技消息，在“魅族科技战略转型公告”发出后，消费电子、智能座舱、IoT 等领域的多家软硬件厂商，已经和魅族科技就Flyme生态合作的相关事宜展开洽谈，目前推进顺利。魅族科技还表示，Flyme持续开放系统及AI能力，面向多品类智能终端提供Powered by Flyme合作方案。
(RTTNews) - The Australian stock market is paring its early gains in mid-market trading on Tuesday, snapping a three-session losing streak, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,400 level, with gains in mining and technology stocks partially offset by weakness in energy and financial stocks. The benchmark S&P/ASX 200 In...
(RTTNews) - The Australian stock market is paring its early gains in mid-market trading on Tuesday, snapping a three-session losing streak, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,400 level, with gains in mining and technology stocks partially offset by weakness in energy and financial stocks. The benchmark S&P/ASX 200 Index is gaining 32.30 points or 0.39 percent to 8,398.20, after touching a high of 8,504.60 earlier. The broader All Ordinaries Index is up 37.10 points or 0.43 percent to 8,589.70. Australian stocks closed notably lower on Monday. Among the major miners, BHP Group and Fortescue are advancing almost 4 percent each, while Mineral Resources is jumping almost 6 percent and Rio Tinto is gaining more than 3 percent. Oil stocks are mostly lower. Origin Energy is gaining almost 2 percent, while Woodside Energy is declining almost 2 percent, Santos is slipping more than 1 percent and Beach energy is down almost 1 percent. Among tech stocks, Afterpay owner Block is advancing more than 3 percent, while Zip and Appen are gaining almost 2 percent each. WiseTech Global and Xero are losing almost 1 percent each. Gold miners are mostly higher. Evolution Mining and Northern Star resources are advancing almost 3 percent each, while Genesis Minerals is jumping more than 6 percent, Newmont is surging more than 5 percent and Resolute Mining is gaining almost 2 percent. Among the big four banks, Commonwealth Bank is down almost 1 percent, Westpac is edging down 0.1 percent, ANZ Banking is gaining more than 1 percent and National Australia Bank is losing more than 1 percent. In economic news, the manufacturing sector in Australia continued to barely expand in March, the latest survey from S&P Global revealed on Tuesday with a manufacturing PMI score of 50.1. That's unchanged from the February reading and it remains just barely above the boom-or-bust line of 50 that separates expansion from contra...
Alisa Mall, chief investment officer for Michael Dell's family office, says tumult in private-credit markets is turning into a buying opportunity. (Source: Bloomberg)
Alisa Mall, chief investment officer for Michael Dell's family office, says tumult in private-credit markets is turning into a buying opportunity. (Source: Bloomberg)
(RTTNews) - Asian stock markets is trading mostly higher on Monday, following the positive cues from Wall Street on Friday, as traders reacted positively to raising optimism about the health of the world's second-largest economy after data showed Chinese manufacturing activity unexpectedly expanded in August. Asian markets closed mixed on Friday. Data showing an increase in the unemployment rate i...
(RTTNews) - Asian stock markets is trading mostly higher on Monday, following the positive cues from Wall Street on Friday, as traders reacted positively to raising optimism about the health of the world's second-largest economy after data showed Chinese manufacturing activity unexpectedly expanded in August. Asian markets closed mixed on Friday. Data showing an increase in the unemployment rate in the U.S. has also added to optimism the Federal Reserve will leave interest rates unchanged later this month, but traders continued to express some uncertainty about future meetings. "An uptick in the unemployment rate and moderation of payroll and wage growth mean the Fed is very likely to hold their policy rate steady at the decision later this month," said Bill Adams, Chief Economist for Comerica Bank. However, he added, "A rate hike is still possible at the Fed's November 1 decision if some combination of wage growth, economic growth, or inflation surprise to the upside between now and then." CME Group's FedWatch Tool is indicating a 93.0 percent chance the Fed will leave rates unchanged this month but still indicates a 34.3 percent chance of a rate hike in November. The Australian stock market is notably higher on Monday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 7,300 level, following the positive cues from Wall Street on Friday, boosted by gains across most sectors, led by mining and energy stocks amid a spike in commodity prices. The benchmark S&P/ASX 200 Index is gaining 32.20 points or 0.44 percent to 7,310.50, after touching a high of 7,340.90 earlier. The broader All Ordinaries Index is up 27.60 points or 0.37 percent to 7,517.50. Australian stocks closed modestly lower on Friday. Among the major miners, Rio Tinto is gaining almost 2 percent and BHP Group is adding more than 2 percent, while Mineral Resources and Fortescue Metals are advancing more than 3 percent each. Oil stocks are mostly higher. Woodside E...
Nintendo Co. is cutting back the production of Switch 2 after demand for the $450 gaming console trailed the company’s expectations during the year-end holiday season, particularly in the US. The company plans to make 4 million units of its flagship device this quarter, a third less than the 6 million it had originally planned to produce, people familiar with the matter said. The reduced output ra...
Nintendo Co. is cutting back the production of Switch 2 after demand for the $450 gaming console trailed the company’s expectations during the year-end holiday season, particularly in the US. The company plans to make 4 million units of its flagship device this quarter, a third less than the 6 million it had originally planned to produce, people familiar with the matter said. The reduced output rate is set to continue in April, the people said, asking not to be named as the figures aren’t public. After a record-setting debut in June, sales of the Switch 2 have failed to meet Nintendo management’s high expectations. Though demand for a lower-priced but unprofitable variant in Japan has remained strong, sales in the US haven’t met with similar continued success. A successful launch of the Switch 2 title Pokémon Pokopia , which sent Nintendo shares soaring this month, hasn’t prompted the management to again accelerate production of the device. Instead, it’s waiting to see if the hit game and other new titles have enough staying power to merit an output increase, the people said. The output cut shouldn’t affect Nintendo’s ability to meet the average analyst estimate of about 20 million Switch 2 units sold in the fiscal year through this month, they said. The Switch 2 also faces cost pressures, including rising memory chip prices that has hit electronics manufacturers across the planet. While the higher semiconductor cost has led Nintendo to consider raising the device’s price — as reported by Bloomberg last month — it hasn’t played a role in the decision to curb output. The production cuts are driven by slower demand from consumers, the people said. Read More: Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis Nintendo representatives didn’t respond to a request for comment. The weaker-than-expected momentum may push Nintendo to take steps to spur demand, such as introducing new hardware variations. A console’s second year on the market is critical to establi...