headlines...by halloapp

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01-01-2024

TECH

• AI advancements in 2023 saw the rise of generative AI, improving data management and transforming enterprise tech news. Concerns about AI manipulation also emerged.

• TSMC, the largest semiconductor foundry, faces risks as Apple may explore other foundries, and concerns over tensions with China arise.

• Baidu has cancelled its $3.6 billion acquisition of JOYY Inc’s China live-streaming unit due to unmet closing conditions and lack of approval from Chinese regulators.

MEDIA

• Negotiations between the PGA Tour, DP World Tour, and Saudi Arabia’s PIF extended into 2024 despite private equity groups causing delays.

• New Year’s Eve celebrations are happening globally, with Sydney, Melbourne, Jakarta, and Tokyo hosting events. Fireworks were launched in Australia, New Zealand, and China. Sydney and Melbourne saw large crowds.

CONSUMER

• Multiple stores and restaurants, such as Target, Walmart, and McDonald’s, will be open on New Year’s Day 2024 with varying hours.

REAL ESTATE

• Australia’s property market experienced an 8.1% rise in home prices in 2023, but growth slowed due to interest rate hikes and inflation concerns. Renters continue to face high rental costs.

ECONOMIC

• China’s official PMI fell to 49 in December, indicating contraction in manufacturing activity for the third consecutive month. President Xi Jinping acknowledged economic challenges and vowed to strengthen recovery and job creation.

CRYPTO

• Crypto market sentiment is expected to improve in 2024, with Bitcoin making a comeback and stablecoins gaining traction. Regulatory frameworks and tokenized assets are also evolving. However, there may be underperformance from Dogecoin and Shiba Inu, and a potential failure involving Tether.