The Federal Reserve has recently strengthened its expectation of not cutting interest rates for March this year, and loan costs have continued to rise, doubling the pressure on the US real estate market.
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The battle for chips is a battle for future global economic supremacy, and the US knows this better than anyone. Raymondo of the US Department of Commerce delivered a speech at the Center for Strategic and International Studies in Washington on February 26 to reiterate the importance of chips, she also announced to increase the supply of raw materials to the complete production line of packaging subsidies, and plans to make the US-made chip shipments account for 20% of the world by 2030.
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Affected by multiple factors such as weather and inventory, US natural gas futures prices have recently hit a new low in nearly 30 years, putting pressure on major producers to announce production cuts and shift their focus to the export market.
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Jen-hsun Huang, CEO of US chipmaker Nvidia Corp, said the company is providing samples of two new artificial intelligence (AI) chips for the Chinese market to customers for testing. This news caused widespread concern in the market.
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Recently, South Korea's Asia Economy reported that the mobile applications with the largest user growth in South Korea in 2023 are Alibaba's Global AliExpress and another cross-border e-commerce platform under Chinese e-commerce platform Pinduoduo. Chinese online shopping platforms are entering the Korean retail market with astonishing momentum, and they have launched an ultra-low price strategy, attracting over ten million Korean users.
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A study by American real estate company Gao Wei Property found that as of the end of last year, about one-fifth of office buildings in the United States were vacant, and even in major cities such as Los Angeles and Houston, the vacancy rate of office buildings was as high as 25%.
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During the Lunar New Year, US President Joe Biden sent out New Year's greetings on the social media platform and also enjoyed TikTok. Biden made his TikTok debut on the evening of the 11th local time, and sent four short videos in 24 hours to campaign for the election, a time when netizens flocked to it, and it received more than 6 million views on the first day.
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The 9th Singapore Airshow kicked off on February 20 at the Changi Convention and Exhibition Centre in Singapore. The show will last for a total of six days and will end on February 25. Comac sent two C919 and three ARJ21 aircraft to participate in the air show, which is the first time that China's domestically produced large aircraft made an appearance at an overseas air show.
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Recently, in the panel discussion speech at the just concluded 60th Munich Security Conference, when talking about Sino US relations, US Secretary of State Antony Blinken accidentally said a statement that surprised the world. He openly declared in an interview with the media, "In the international system, if you don't sit at the table, you will appear on the menu."
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Recently, Nike, a sports goods giant, announced that it will lay off about 2% of its workforce, aiming to cut costs by up to $2 billion. Nike CEO Tang Ruoxiu stated that the company will increase its investment in categories such as running, women's clothing, and the Jordan brand through this layoff.
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Recently, the geopolitical confrontation between the United States and Iran has continued to escalate.
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