China’s CPI inflation falls to 1.0% YoY in June, vs 1.1% expected

Rising oil prices due to disrupted Middle Eastern supplies could strain global economies, impacting inflation and energy-dependent industries. The post Goldman warns renewed tensions could disrupt Middle Eastern oil supplies appeared first on Crypto Briefing.

China's shift from short-term bonds may stabilize local finances, impacting global fixed-income markets by reducing high-yield bond supply. The post China pushes municipal borrowers away from short-term bonds in bid to defuse local debt risks appeared first on Crypto Briefing.

The post Fed Blames AI Demand Boom for Rising US Inflation appeared on BitcoinEthereumNews.com. Federal Reserve officials were split last month on whether to increase interest rates or keep them steady, with many seeing accelerating demand for artificial intelligence as a driver of inflation, according to meeting minutes released on Wednesday. The minutes covered the first monetary policy meeting under Fed Chair Kevin Warsh. Many Federal Open Market Committee members said that “ongoing strong demand for AI infrastructure would likely sustain upward pressure on prices for technology products and electricity,” according to the minutes.   AI-related inflationary pressure, colloquially known as “chipflation,” stems from the rising cost of semiconductors used by data centers. This surge in demand, along with data center competition for energy, has pushed up consumer prices for a wide range of electronic goods, devices and power, and may continue as AI demand increases. Higher inflation is g

Ongoing strong demand for AI infrastructure “would likely sustain upward pressure on prices for technology products and electricity,” Federal Reserve policymakers said.

The post China’s ChangXin launches $4.3B memory IPO into an AI-driven chip boom appeared on BitcoinEthereumNews.com. ChangXin Memory Technologies (CXMT) is about to open subscription for its Shanghai IPO worth about 29.5 billion yuan (approximately 4.33 billion dollars) on July 16. This is significant not only because CXMT is the largest DRAM producer in China, but also because investors can use this event to evaluate the potential of the company in light of AI developments. This listing comes about as the memory market across the globe is changing due to developments in AI infrastructure. Companies in the cloud business have started to set up AI data centers that require new technology with higher volume and speed, particularly in high-bandwidth memory (HBM) and DRAM. With that, motherboard producers have prioritized higher profit-margin memory models. The shift has tightened supply and resulted in the continuous increase in memory prices. Interest in CXMT has spread outside of China

The event highlights esports' growing appeal to mainstream sponsors, while the absence of blockchain tech underscores regulatory and adoption challenges. The post Valorant Champions Tour China Stage 2 kicks off in Changsha with $250K prize pool as esports eyes mainstream sponsorship dollars appeared first on Crypto Briefing.

CXMT's IPO could disrupt the global DRAM market, challenging existing oligopolies and reshaping the semiconductor supply chain dynamics. The post China’s largest DRAM maker CXMT opens investor subscriptions for $4.3B IPO next week appeared first on Crypto Briefing.

The post China Producer Price Index (YoY) meets expectations (4.1%) in June appeared on BitcoinEthereumNews.com. Gold trades with a mild negative bias in the Asian session on Thursday, fading the overnight bounce from $4,020, or a one-week low. Minutes of the June FOMC meeting showed an evenly divided debate over the monetary policy outlook and failed to impress the US Dollar bulls, which is supporting Gold. However, fresh US-Iran tensions drive Oil higher, reviving inflation concerns and limiting the USD’s downside and the bullion’s rebound. Source: https://www.fxstreet.com/news/china-producer-price-index-yoy-meets-expectations-41-in-june-202607090130