Sharp

AI Demand Soaring: Foxconn Stands by Sharp Despite Writedown – Reuters View Full Coverage

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Taipei, Taiwan – Foxconn, a major electronics manufacturer, is expressing confidence in the increasing demand for artificial intelligence technology. The company also reaffirmed its support for Sharp, a subsidiary, following a recent financial setback. Foxconn is optimistic about the prospects of AI, believing it will drive growth in various industries. The company’s continued investment in AI research and development aligns with its vision for the future of technology. Despite facing challenges and uncertainties in the …

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Yen Intervention? US Treasury Secretary Yellen Acknowledges Sharp Moves – What’s Next for Japan’s Currency?

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Mesa, Arizona – US Treasury Secretary Janet Yellen addressed concerns about the sharp fluctuations in the value of the yen this week, refraining from confirming whether Japan had taken steps to stabilize the currency. During a press briefing in Mesa, Yellen stated, “I’m not going to comment on whether they did or didn’t intervene. I think that that’s a rumor.” Yellen emphasized that while the yen experienced significant movement within a short timeframe, such interventions …

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Emergency Abortions: Sharp Rise in Idaho Patients Flown Out of State, Idaho Attorney General Disputes Numbers

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Boise, Idaho – The debate over Idaho’s strict abortion laws took center stage at the Supreme Court on Wednesday, as arguments were made regarding the ban’s application in emergency situations. Since the ban was enforced, a surge in the number of patients requiring emergency abortions and being airlifted out of state has been reported by Idaho’s largest hospital system. In 2023, a federal court temporarily halted Idaho’s ban on emergency abortions. St. Luke’s Health System …

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Mortgage Rates Cause Sharp Drop in New Home Construction – What Investors Need to Know

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Austin, Texas – New residential construction in the state of Texas has seen a significant decline, with both single-family and multifamily homes experiencing a sharp decrease. This drop has been attributed to rising mortgage rates, which have weakened housing activity across the state. According to recent data released by the Census Bureau on Tuesday, housing starts in Texas fell by 14.7% month over month in March. This decline caused the annualized pace of new constructions …

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Home Sales Rebounded in January After Last Year’s Sharp Decline – See Why Prices Jumped 5%!

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Home sales across the United States saw a significant rebound in January, with several major cities reporting an increase in both sales volumes and prices. This surge in homebuying activity comes after a sharp decline in sales last year, signaling a potential resurgence in the real estate market. In January, home sales and prices rose as eager homebuyers returned to the market, particularly in urban areas. The increase in sales and prices was most notable …

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Sharp drop in BP profits – How will it impact energy prices?

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LONDON, UK – Energy giant BP has reported a significant decrease in profits following a decline in oil prices last year. The company’s profits fell to $13.8bn in 2023 from a record $27.7bn in the previous year. Energy firms experienced substantial gains when oil and gas prices surged after Russia’s invasion of Ukraine due to concerns about supplies. Although household energy bills have decreased since 2022, they are still at relatively high levels. These results …

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