Joseph Nordqvist

Cancún, United Kingdom

Founder and Editor at Market Business News

I don't use this account, @josephnordqvist is my active one

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Articles

OpenAI’s Acquisition of Jony Ive’s io: Implications and Vision

1 month ago | marketbusinessnews.com | Joseph Nordqvist

OpenAI is acquiring Jony Ive’s device startup, a young company called io, in an all-stock deal valued at roughly $6.5 billion, marking OpenAI’s largest-ever acquisition. The hardware startup io was co-founded just last year by Jony Ive, Apple’s famed former design chief known for iconic products like the iMac, iPod, iPhone and Apple Watch.
Blackstone Makes $11.5 Billion Bet on the Southwest Power Grid

1 month ago | marketbusinessnews.com | Joseph Nordqvist

Blackstone Infrastructure has agreed to take TXNM Energy private for $61.25 a share in cash, valuing the New Mexico- and Texas-based utility at roughly $11.5 billion including debt. The price represents about a 15% premium to TXNM’s recent closing and ends the company’s decades long run on the New York Stock Exchange. Surging demand: TXNM’s two regulated utilities, Public Service Company of New Mexico (PNM) and Texas-New Mexico Power, supply electricity to about 800,000 homes and businesses.
Suadi Arabia Strikes Massive Deals With NVIDIA and AWS in AI

1 month ago | marketbusinessnews.com | Joseph Nordqvist

Saudi Arabia is pouring oil revenues into artificial intelligence, striking headline deals with NVIDIA and Amazon Web Services that together exceed $10 billion and aim to vault the Kingdom into the top tier of AI nations. At the center of the push is HUMAIN, a new state-backed company (also detailed by AWS), charged with delivering Crown Prince Mohammed bin Salman’s Vision 2030 promise of a diversified, knowledge-based economy.
First Easing of The 2025 US-China Trade War

1 month ago | marketbusinessnews.com | Joseph Nordqvist

After a long weekend of marathon talks in Geneva, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer stood beside China’s vice-premier He Lifeng to unveil the first substantive easing of the 2025 US-China trade war. 90-day pause. All new tariff moves are frozen until mid-August. Scope. The deal applies across virtually the entire $600 billion flow of two-way trade that has been stalled since January’s tariff escalation. Progress.
Trump's Latest Tariff Focus

2 months ago | marketbusinessnews.com | Joseph Nordqvist

President Trump’s latest round of tariff announcements have shaken markets again. First, he paused duties on certain consumer electronics. Now he’s shifting his focus to pharmaceuticals and semiconductors – even if they’re embedded in imported goods like toys, cars, and electronics. Trump confirmed on Monday that fresh tariffs are being drawn up for semiconductors and drug imports. “We don’t make our own drugs anymore,” Trump told reporters.
US Pulls Back Tariffs on Phones, Laptops, and Other Electronics

2 months ago | marketbusinessnews.com | Joseph Nordqvist

Relief for tech giants. But the story isn’t over. The Trump administration has exempted smartphones, computers, and a range of other electronics from its harshest tariffs on Chinese goods. The decision, quietly posted by US Customs and Border Protection on Friday, is retroactive to April 5. The exemptions (on these electronics) removed the latest 125% layer of tariffs on China. But earlier tariffs, like the 20% fentanyl-related duty, still apply.
Wall Street Rallies But Markets Are Still Shaking

2 months ago | marketbusinessnews.com | Joseph Nordqvist

It’s the end of what can only be called an incredibly tumultuous week for markets (not just in the US, but worldwide). The S&P 500 ended the day up 1.8%. The Nasdaq jumped 2%. The Dow gained 1.6%. After days of erratic swings, the closing bell brought a sense of relief. S&P 500 +1.8% End of Day – April 11, 2025 Nasdaq +2.0% End of Day – April 11, 2025 Dow +1.6% End of Day – April 11, 2025 But that rally didn’t erase the bruises.
US Consumer Sentiment Sinks to Near Record Low

2 months ago | marketbusinessnews.com | Joseph Nordqvist

Consumer confidence in the United States has dropped sharply, again. The University of Michigan’s preliminary April reading places the Index of Consumer Sentiment at 50.8, which is a reading not seen since the darkest months of the COVID-19 pandemic and the second-lowest point recorded since the index began in 1952.
ChatGPT Can Now Remember All Your Past Chats

2 months ago | marketbusinessnews.com | Joseph Nordqvist

OpenAI has just introduced a long-awaited upgrade to ChatGPT’s memory. As of now, the LLM can reference all your past chats. Previously, you could tell ChatGPT to “remember” certain facts or preferences (for example, through custom instructions or a manage memory tool). Now, however, ChatGPT will automatically draw on all your past chats to inform its responses, in addition to any specific memories you saved manually. The goal is to make conversations with ChatGPT feel more natural and tailored.
US Inflation Cooled in March, but Will It Last?

2 months ago | marketbusinessnews.com | Joseph Nordqvist

US inflation cooled in March, offering consumers brief relief as gasoline and used vehicle prices fell. However, that current trend may reverse as steep tariffs on imported goods take effect. Core inflation, which excludes food and energy, rose by 0.1% for the month and 2.8% over the year. That’s the slowest annual increase in core prices since March 2021. However, with new import tariffs set to soon kick in, there’s growing concern that prices could increase again soon.