analysis

**The Dow just reported its highest closing price on record, 39,760**, so that the index shot up to almost 7,500 points in exactly 5 months from its low in October 2023.

SK Hynix weighs $4bn US Chip Packaging Plant

South Korea Coupang plans $2bn expansion of next-day delivery

Amazon #AMZN is making its largest outside investment in its three-year history as it looks to gain an edge on the AI scene. The tech giant announced an initial $1.25 billion investment in September and at the time announced that Amazon would invest up to $4 billion. Wednesday's news marks Amazon’s second tranche of funds ; it will retain a minority stake in the company and won’t have an Anthropic board seat, the company said. The deal was struck at the startup’s last valuation of $1

Yen-denominated by China's Yuan forecast swayes depreciation

PetroChina conducts business as usual with Russia

In 2024, Americans will plant more corn than soybeans — as they have for over a century in most years — and a green diesel boom could dethrone that old adage that US farmers like to plant corn. There are already companies including Cargill Inc. and Bunge Global SA planning to expand capacity to 86.5 million acres — according to the median average of analyst estimates compiled by Bloomberg before the US Department of Agriculture’s projected corn acreage - reports — on Thursday.

The state will have one of the country’s most restrictive social media bans for minors in a bill signed on Monday by Republican Florida Gov. Ron DeSantis. The bill would also ban 14- and 15-year-olds from social media accounts if it withstands expected legal challenges. It took effect Jan. 1 as the new law was Republican speaker Paul Renner’s top legislative priority.

American stocks have “limited upside” from this point on, given the macroeconomic backdrop. While the base case is for the Fed to engineer a soft landing and for the U.S. economy to avoid a recession in 2023, James Ashley, head of international market strategy, said on Wednesday that if the Fed were to hike in 2023, it would be '24 not '23.' -

China has initiated dispute resolution proceedings against the United States at the WTO to protect its interests in the electric vehicle industry, the Chinese mission said on Tuesday and confirmed the WTO. The wide-ranging law provides billions in tax credits to help consumers buy electric vehicles and companies produce renewable energy as President Joe Biden aims to decarbonise the powerful U.S. power sector.