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“We’re used to it” – Business continues in Israel

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The ongoing Israel-Hamas war sends shockwaves through global markets but many Israeli businesses are just getting on with it.

 
The Israel-Hamas conflict, now in its [keyword: fifth] week, is reverberating across international financial landscapes, leaving major corporations grappling with uncertainties. As violence escalates in the Middle East, the economic repercussions are felt far beyond the region’s borders.

Large companies operating in various sectors have found themselves navigating an increasingly complex environment. Oil prices have surged, affecting energy giants like Shell and BP. Supply chain disruptions have hit tech giants such as Apple and Samsung, causing production delays and driving up prices for consumer electronics.

Multinational banks, including HSBC and JPMorgan Chase, face challenges in managing investments amid market volatility. Tourism and hospitality giants, like Hilton and Airbnb, are experiencing cancellations and decreased bookings, impacting their bottom lines.

In response, investors are shifting portfolios, seeking safer assets, and diversifying into sectors less exposed to geopolitical risk. Global stock markets are experiencing turbulence, leaving shareholders anxious about the future.

The Israel-Hamas war’s financial implications remain uncertain, making it a pivotal issue for global business leaders and investors alike.

But other businesses are carrying on regardless.

Weebit Nano is a leading developer of advanced memory technologies for the global semiconductor industry.

CEO Coby Hanoch spoke to Ticker from Israel and said unfortunately this kind of terror has become common place, and businesses have found a way to carry on. #featured

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Central bank expected to ease interest rates as election nears

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The Federal Reserve is expected to cut interest rates again this week, a move aimed at cooling inflation.

This quarter-point rate cut would bring the benchmark rate to about 4.6%, the second reduction this year.

Analysts expect that additional cuts could come in December, which would benefit borrowers by reducing loan costs.

If Trump were to win the election, economists say his proposals on trade and immigration could reignite inflation.

The Fed is balancing a strong economy and low unemployment with its inflation-calibrated rate cuts.

As Election Day approaches, all eyes are on both the Fed and the presidential race.

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Big Tech pushes AI investments

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Tech giants like Microsoft and Meta are accelerating AI data center spending, with massive capital pouring into these projects.

Microsoft and Meta reported on Wednesday that AI investments are spiking their expenses, while Alphabet announced similar trends.

Amazon, due to report earnings shortly, is expected to mirror these projections, foreseeing further pressure on profit margins.

Wall Street is getting wary of the financial strain, as each company’s stock took a hit this week despite strong quarterly numbers.

Shares of Meta fell over 3%, and Microsoft saw a 6% drop, underscoring Wall Street’s jitters.

“It’s expensive to keep up with AI technology demands,” says GlobalData’s Beatriz Valle, emphasising a competitive race in AI capacity.

The high-stakes investments are starting to test investor patience in Big Tech’s ambitious AI journey.

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Meta expects strong holiday ad revenue boost

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Meta’s holiday-quarter forecast beats expectations as AI tools drive growth

Meta Platforms, parent company of Facebook, has forecast holiday-quarter revenue that surpasses market expectations, anticipating a surge in ad spending as the year ends.

The projection comes as Meta’s AI-driven advertising tools and short-form video feature Reels have spurred revenue growth this year.

Meta’s shares dipped 2.5% in after-hours trading, despite a third-quarter profit of $6.03 per share—well above analysts’ forecast of $5.25.

Analysts expect digital ads to have a “blockbuster” year in 2024, helped by improved economic forecasts and steady consumer spending.

Meta, heavily reliant on advertising revenue, stands to benefit from increased holiday marketing as it eyes revenues of $45 to $48 billion this quarter.

The company’s third-quarter revenue reached $40.59 billion, narrowly topping analysts’ estimates.

With interest rates easing, analysts suggest Meta’s ad revenue could continue to thrive into the new year.

As holiday spending ramps up, Meta’s AI investments are paying off.

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