Microsoft bought twice as many of Nvidia’s flagship chips as any of its largest rivals in the US and China this year, as OpenAI’s biggest investor accelerated its investment in artificial intelligence infrastructure. Analysts at Omdia, a technology consultancy, estimate that Microsoft bought 485,000 of Nvidia’s “Hopper” chips this year. That put Microsoft far ahead
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Brexit has hit UK trade less than many forecasters predicted thanks to larger companies adapting to red tape at the border, according to research by the London School of Economics. Researchers estimated UK worldwide goods exports and imports fell 6.4 and 3.1 per cent respectively between 2020 and 2022, compared to the levels predicted for
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<img src=”https://public.flourish.studio/visualisation/20844932/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker Tuesday as the New York City Transitional Finance Agency, the last sizable new-issue of 2024, priced for institutions, while U.S. Treasuries were mixed and equities saw large losses ahead of the expected FOMC rate decision Wednesday. That weakness that began last week continued through Tuesday, as
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Election officials and volunteers process ballots in Utah County seat Provo in 2020. Voters this November approved measures to split the Alpine School District, which has more than $500 million of outstanding bonds, into three systems.Bloomberg News Utah’s largest public school district is preparing to split into three separate entities and divvy up its outstanding
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The interior of a new New York City Subway car in 2023. This week the MTA board approved buying 435 new cars.Marc A. Hermann / MTA New York’s Metropolitan Transportation Authority had a turbulent 2024. Now, although some uncertainties about its funding remain, the agency is readying its finances for 2025.  The state agency that
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Ed Oswald, a tax partner at Orrick Herrington & Sutcliffe in Washington D.C.Burwell Photography – John Burwe A report from the Congressional Budget Office outlining ways to reduce the budget deficit includes the possibility of eliminating new tax-exempt qualified activity bonds, a tactic that has failed in the past.  “In connection with the enactment of
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“We’re almost there,” House Speaker Mike Johnson, R-La., told reporters of trying to negotiate a continuing resolution four days before government funding expires.Bloomberg News Congressional leaders were scrambling Tuesday to negotiate a short-term funding bill ahead of a looming Friday midnight government shutdown deadline. The continuing resolution, which was expected to be released Tuesday, would
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU confronts huge challenges. These include accelerating innovation, deepening financial integration, protecting its security and maintaining the values of freedom, democracy and social welfare on which its society has been built since the second
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“We think the FOMC will deliver a ‘hawkish cut,'” lowering the fed funds range to a range between 4.25% and 4.50%,” said BNP Paribas Chief U.S. Economist James Egelhof. “Chair [Jerome] Powell will likely use the press conference to open up optionality for a pause in further easing of undefined length.” The Federal Open Market
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IMIM (Hospital del Mar Medical Research Institute) Dec 17 2024 The ICOD (Improving Condition in Down syndrome) project, a pioneering study in addressing the cognitive difficulties associated with Down syndrome, has demonstrated the safety of treatment with the molecule AEF0217, developed by the French biotech Aelis Farma, as well as its effectiveness in improving cognitive
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