Smoking even 2-5 cigarettes a day can more than double your risk of any type of heart disease and raise your risk of death from any cause by 60% compared to people who never smoked, according to new research supported by…
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Asian chip names rally as Nvidia forecasts hotter-than-expected sales after earnings beat
A 300mm wafer on display at the booth of Taiwan Semiconductor Manufacturing Company during the 2023 World Semiconductor Conference at Nanjing International Expo Center on July 19, 2023, in Nanjing, China.
Vcg | Visual China Group | Getty Images
Asian chip stocks rallied in early trading Thursday after American AI chip darling Nvidia beat Wall Street expectations and issued stronger-than-expected guidance for the fourth quarter.
South Korea’s SK Hynix rallied around 4%. The memory chip maker is Nvidia’s top supplier of high-bandwidth memory used in AI applications.
Samsung Electronics, which also supplies Nvidia with memory, was also up nearly 4%. The company has been working to catch up to SK Hynix in high-bandwidth memory to land more contracts with Nvidia.
In Tokyo, Renesas Electronics, a key Nvidia supplier, was trading up about 4%. Tokyo Electron, which provides essential chipmaking equipment to foundries that manufacture Nvidia’s chips, was trading up 5.87%. Another Japanese chip equipment maker, Lasertec, was up about 6%.
Japanese tech conglomerate SoftBank skyrocketed nearly 7%, though the firm recently offloaded its shares of Nvidia. Softbank owns the majority of British semiconductor company Arm, which supplies Nvidia with chip architecture and designs.
SoftBank is also involved in a number of AI ventures that use Nvidia’s technology, including the $500 billion Stargate project for data centers in the U.S.
Nvidia’s sales and outlook are closely watched by the technology industry as a sign of the health of the AI boom, and its strong earnings could ease recent fears regarding an AI bubble.
“There’s been a lot of talk about an AI bubble,” Nvidia CEO Jensen Huang told investors on an earnings call. “From our vantage point, we see something very different.”
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JGB Yields May Rise Amid Fiscal Policy Concerns – The Wall Street Journal
- JGB Yields May Rise Amid Fiscal Policy Concerns The Wall Street Journal
- Benchmark JGB yields touch 17-year high on spending concerns Business Recorder
- Japan’s borrowing costs at highest in decades on fears of public spending surge Financial Times
- Market Euphoria Ends for Takaichi as Yen and Bonds Sink Bloomberg.com
- Japan’s $127 billion stimulus plan to include payouts to children, Asahi reports By Reuters Investing.com
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Pfizer's mRNA flu shot trumps inactivated vaccine in late-stage study – FirstWord Pharma
- Pfizer’s mRNA flu shot trumps inactivated vaccine in late-stage study FirstWord Pharma
- A phase 3 clinical trial has tested a new RNA vaccine against influenza Science Media Centre España
- Experimental mRNA flu vaccine is more effective than…
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Gang-wracked Haiti unites to celebrate first World Cup qualification in 50 years – France 24
- Gang-wracked Haiti unites to celebrate first World Cup qualification in 50 years France 24
- Haiti reach World Cup despite coach having never been to the country BBC
- Gang-wracked Haiti unites, goes wild over World Cup qualification The Express…
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You’ll Be Able to See on X’s User Profiles if Someone Is Using a VPN
The social network X is expected to begin displaying in user profiles whether someone may be using a VPN to obscure their location.
Based on a post in October about transparency on the platform authored by the company’s head of product, Nikita…
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Bowers & Wilkins Drops McLaren-Edition Px8 S2 Headphones: Buy Online
If you purchase an independently reviewed product or service through a link on our website, Rolling Stone may receive an affiliate commission.
Bowers & Wilkins’ partnership with McLaren dates back a decade, but some things get better with…
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Victoria to force agents to publish property reserve prices in crackdown on underquoting | Real estate
Real estate agents in Victoria will be legally required to reveal a property’s reserve price a week before auction, under nation-first laws to crack down on underquoting.
The Allan government on Thursday announced the major reform that would be introduced to parliament next year.
Under the changes, agents must publish the owner’s reserve price at least seven days before auction day or a fixed-date sale. Real estate agents that fail to disclose within the timeframe will be unable to proceed to auction or sale.
Illegal underquoting is an industry tactic used by some agents who advertise a property for less than the estimated selling price or the owner’s asking price. They do this to draw buyers in and drum up competition.
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Victoria’s consumer affairs minister, Nick Staikos, said the government wanted to ensure the housing market to be fair.
“Underquoting isn’t fair and it’s young Victorians and families paying the price,” he said in a statement.
Last year, a Guardian Australia analysis of property sales data showed underquoting (here defined as any sale where the final price exceeds 10% of the pre-sale price guide) is more prevalent in Sydney (20% of sales) and Perth (18%), and least prevalent in Canberra, Hobart and Darwin.
The analysis found the mismatch between the price guide on property ads and the final sale price was worse for houses than townhouses or apartments and is much more likely when the property is being sold at auction than at private sale.
Under the changes, real estate agents would be required to update all marketing materials to reflect the reserve price and stop using any previous advertising that does not contain the reserve price.
The proposed laws come after the Victorian government earlier this month introduced stricter guidelines for agent’s selection of comparable properties to determine a home’s price guide.
The guidelines aim to ensure agents use the most appropriate comparable local properties when determining a home’s likely price before auction, factoring in things like the dwelling’s age and any renovations.
Consumer Affairs Victoria can ask for evidence from agents showing how they chose the three most comparable properties, and penalties apply for not providing these records.
Last week, the NSW government announced new rules for real estate agents that would mandate price guides on all advertising and a statement of information offered to buyers backing up their estimated sales price – similar to Victoria’s existing system.
In NSW, agents who underquote can be fined up to $22,000 and lose their commission and fees earned from the sale of an underquoted property.
In Victoria, agents who underquote risk fines of more than $11,000 for each breach, or penalties of over $38,000 under the Estate Agents Act.
But the head of consumer research at Finder, Graham Cooke has previously told Guardian Australia these regulations often don’t work – and underquoting keeps happening.
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Hasina’s conviction for crimes against humanity is testing India-Bangladesh ties
Soutik BiswasIndia correspondent
LightRocket via Getty ImagesFor India, few friendships have been as strategically valuable – and as politically costly – as its long embrace of Bangladesh’s former leader Sheikh Hasina.
During 15 years in power she…
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Stereotactic radiosurgery for craniopharyngioma management
Craniopharyngiomas account for 2–5% of all primary brain tumors and 5–10% of pediatric brain tumors. Despite their benign histology, their location near the hypothalamus, pituitary gland, and optic pathways complicates…
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