PALO ALTO, CA, Nov 13, 2024 – (JCN Newswire) – – NEC X, the Silicon Valley venture studio backed by NEC’s portfolio of advanced technologies and global businesses, today announced a new investment in General Prognostics Inc. (GPx), a fast-growing MedTech startup revolutionizing chronic disease monitoring and management. The investment coincides with GPx joining the Elev X! Boost program, an individually tailored venture program for ambitious startups that are ready to scale. The program offers a unique blend of capital, strategic partnerships, and integrations with NEC X’s expansive tech ecosystem to propel startups to global success. Through Elev X! Boost,…
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(Bloomberg) — Asian stocks fell to the lowest level in almost two months on concerns US President-elect Donald Trump’s proposed tariffs and picks for key administration positions may stoke inflation. Most Read from Bloomberg Equity benchmarks in Japan and Australia retreated, with a regional gauge dropping to the weakest level since Sept. 19. The Bloomberg Dollar Spot Index was steady ahead of a report on US consumer-price inflation, while the yen approached the key level of 155. Treasury 10-year yields were little changed after surging 12 basis points on Tuesday. Traders are now pricing in about two US rate cuts…
HONG KONG (Reuters) -China’s Taiwan Affairs Office said on Wednesday that a U.S. order to Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to some Chinese customers – as reported by Reuters – proved that the United States was “playing the Taiwan card” to raise tensions in the Taiwan Straits. Zhu Fenglian, spokeswoman for China’s Taiwan Affairs Office, said the United States aimed to worsen the situation with Taiwan and that such a move undermined the interests of Taiwanese companies. She was asked about the reports at a news conference. The comments are the first official response from…
TOKYO, Nov 13, 2024 – (JCN Newswire) – – NEC Corporation (NEC; TSE: 6701) has received an order for a next-generation supercomputer system from Japan’s National Institutes for Quantum (NASDAQ:) Science and Technology (QST), under the National Research and Development Agency, and the National Institute for Fusion Science (NIFS), part of the National Institutes of Natural Sciences under the Inter-University Research Institute Corporation. The new supercomputer system is scheduled to be operational from July 2025. The next-generation supercomputer system will feature multi-architecture with the latest CPUs and GPUs and will consist of large storage capacity and a high-speed network. This…
Dogecoin shot higher on Tuesday night, extending its postelection surge after President-elect Donald Trump formally announced the creation of the Department of Government Efficiency, which he referred to as “DOGE” in his statement.Tesla CEO Elon Musk and Vivek Ramaswamy, former Republican presidential candidate and Strive Asset Management co-founder, will lead the department, Trump said in a statement. Together, they “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.”Dogecoin was last up nearly 20%. It has been one of the biggest winners in the postelection rally, gaining 153% since…
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GRAND ISLAND, Neb. (KSNB) – Sudden cardiac arrest is one of the leading causes of death in the U.S., according to the American Red Cross. However, an automated external defibrillator or AED can restore a regular heart rhythm. Since 2008, Grand Island Public Schools have made safety a priority by implementing AEDs, even though 34 states, including Nebraska, don’t mandate them.“It’s kind of a no-brainer that its one of those life saving devices that is needed and you hope you never have to pull it out of the package but when that day comes, Grand Island Public Schools will be…
Stock investors may be too optimistic on Trump’s pro-business policies, top economist David Rosenberg said.Matt Stroshane/Getty, Tyler Le/BI The stock market’s postelection rally appears disconnected from fundamentals, David Rosenberg said. He pointed to signs of weaknesses among businesses, with “zombie firms” on the rise in recent years. Stock investors may be too optimistic about Trump’s pro-business policies, he said. The rally in the stock market fueled by Donald Trump’s election win looks increasingly disconnected from reality, according to economist David Rosenberg. The Rosenberg Research founder voiced concern over the postelection rally, with the major stock indexes notching fresh highs in…
SoftBank (TYO:) conducts world’s first outdoor test with 20 5G cells on a single server featuring the NVIDIA (NASDAQ:) GH200 Grace Hopper Superchip TOKYO–(BUSINESS WIRE)–(TOKYO:9434, SoftBank) announced it developed 5G L1 software based on the NVIDIA AI Aerial platform, delivering the high stability and high performance essential for a carrier-grade RAN through parallel signal processing and the optimization of task initiation timing. With this newly developed L1 software, carrier-grade stability has been achieved. In addition to realizing high stability, SoftBank will develop L1 software that can achieve maximized RAN capacity and reduced power consumption.This press release features multimedia. View the…
Timothy M. Haley, a director at Netflix Inc. (NASDAQ:), recently sold shares of the company amounting to $517,724. The sale involved 647 shares at an average price of $800.1929 per share. This transaction was part of a Rule 10b5-1 trading plan, which Haley adopted on August 6, 2024. Before this sale, Haley exercised options to acquire 647 shares of Netflix common stock at a price of $96.67 per share. Following the sale, Haley no longer holds any shares directly. The sale was executed in multiple trades, with prices ranging from $800.00 to $800.74. Investors often keep an eye on insider…