Chinese firms chase Africa’s consumers as resource investments plunge 40%

Chinese firms chase Africa’s consumers as resource investments plunge 40%

A picture taken on December 8, 2014 in Abidjan shows a Chinese shoe dealer in a transaction at Adjamene’s market. Sia Kambou | Afp | Getty Images Chinese business dealings in Africa, once dominated by state-owned enterprises, are now increasingly shifting toward consumer products from the private sector. While Africa’s faster-growing economies, such as Kenya,…

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Micron earnings are out after the bell following a big move higher. What analysts expect

Micron earnings are out after the bell following a big move higher. What analysts expect

With Micron Technology set to report earnings after the bell Wednesday, analysts will looks for signs on whether the company can keep up with the outsized demand for its advanced memory chips. Micron manufactures high-performance DRAM and high-bandwidth memory chips, two pieces of hardware critical to powering AI data centers, making the company a beneficiary…

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Jim Cramer says Big Tech is underspending on AI. Here’s why

Jim Cramer says Big Tech is underspending on AI. Here’s why

CNBC’s Jim Cramer on Thursday affirmed his faith in the earnings power of artificial intelligence, telling investors that Big Tech hyperscalers aren’t spending too much on the new technology. “These companies aren’t overspending on AI, they are actually underspending on AI,” Cramer said. “See, this is a winner-take-all, loser-take-none situation. The only reason to spend…

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SEC debuts ‘Project Crypto’ to bring U.S. financial markets ‘on chain’

SEC debuts ‘Project Crypto’ to bring U.S. financial markets ‘on chain’

Jakub Porzycki | Nurphoto | Getty Images The Securities and Exchange Commission on Thursday debuted “Project Crypto,” an initiative to modernize securities rules and regulations to allow for crypto-based trading. “To achieve President Trump’s vision of making America the crypto capital of the world, the SEC must holistically consider the potential benefits and risks of…

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