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Top News in Finance for June 13, 2023

by 14. Jun 2023 @ 11:36News, Top Market Insights for Today

KEY POINTS

Dive into this week’s key financial happenings with our succinct, easy-to-understand summaries of the most crucial economic events. Designed to keep you up-to-date, our roundup empowers you to navigate the week ahead and seize unfolding opportunities

  • Impending Federal Reserve meeting amid slowing inflation
  • Antitrust legalities endanger Microsoft’s acquisition of Activision Blizzard
  • Oracle’s thriving cloud business boosts stock performance
  • Toyota’s new electric vehicle strategy
  • Intel’s potential investment in UK chipmaker Arm Ltd.

Federal Reserve Faces Slowing Inflation

The Federal Reserve commences its policy-making session amidst favorable inflation numbers. May’s consumer price index, a crucial inflation metric, marked the lowest growth since March 2021, which may sway policymakers towards a ‘no-rate-hike’ stance this month.

Legal Hurdles for Microsoft’s Activision Blizzard Deal

The Federal Trade Commission intensifies its push against Microsoft’s $68.7 billion bid to acquire game developer Activision Blizzard, citing anti-competition grounds. This acquisition, if finalized, could potentially monopolize the video game market to Microsoft’s benefit.

Oracle’s Ascend in the Cloud Sphere

Oracle’s shares rally following its impressive quarterly results, propelled by the success of its cloud business. The revenue from cloud services and license support soared by 23%, suggesting Oracle’s solid foothold in the competitive cloud industry.

Toyota’s Leap into the Electric Vehicle Market

Toyota announces the creation of the BEV Factory, a new division dedicated to launching a full array of battery electric vehicles (BEVs) by 2026. This bold move signals Toyota’s commitment to transitioning towards a more sustainable auto industry.

Intel Eyes Stake in Arm Ltd.

Chipmaker Intel is in discussions with UK-based Arm Ltd. for a possible strategic investment, in anticipation of Arm’s planned IPO. This partnership could offer Intel a significant boost and influence in the global chip market.

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