Foxconn Expects Growing AI Demand to Boost Its Server Business This Year

Contract electronics manufacturing giant Foxconn banks on explosive AI popularity to drive its server business revenue in 2023.  Foxconn has forecasted significant growth in its artificial intelligence (AI) server business due to robust demand. On Wednesday, the company’s Chairman, Young Liu, said revenue generated from its AI businesses would more than double this year. Liu … Read more

Mortgage Demand Swells amid Suspended Interest Rate Hikes

The Mortgage Bankers Association said there was a 10% jump in homeownership demand last week in anticipation of paused rate hikes.  Mortgage demand in the US recently climbed considerably after the Federal Reserve signaled that it could pause interest rate hikes. The increase in applications for home-buying was a direct result of reduced mortgage rates … Read more

WWE to Merge with UFC Parent Company Endeavor Group to Leverage ‘Heavily in Demand’ Combat Entertainment

A new deal sees the WWE and UFC merge under the same umbrella for all-round combat sports offerings subject to regulatory approval. The World Wrestling Entertainment (WWE) has agreed to merge with the Ultimate Fighting Championship (UFC) to form a publicly-traded combat sports company. According to reports, the new company will be run by a talent … Read more

ETP Provider 21Shares to Shut Down 6 Products Due to Low Demand

The six closures have combined assets under management (AUM) of less than $700,000. 21Shares has announced that it will immediately cease offering six of its crypto exchange-traded products.  According to a company spokesperson, the decision follows after the firm’s realization that these particular products are in low demand. Of the six products to be axed, … Read more

Mortgage Demand Up despite Interest Rates Volatility

The demand for mortgage is rising as high rates do not discourage prospective homebuyers for making mortgage applications. Mortgage demand has risen for the second consecutive week despite some volatility in mortgage interest rates. However, although applications to purchase a home climbed 7% this week, the figure is still 38% down from the same week … Read more