Google Cloud unveils its first Arm-powered VMs

Google Cloud has announced its first line of ARM-based virtual machines (VMs). The new Tau T2A chips will join Google’s existing line of Tau VMs, which were launched in June 2021. Google says the new chips will be appropriate for scale-out workloads including web servers, containerized microservices, data-logging processing, media transcoding, and Java applications. How…

Morgan Stanley misses earnings views as weak investment banking revenue offsets strong trading

Morgan Stanley CEO James Gorman Getty Images Morgan Stanley reported lower earnings per share, net income, and revenue in its second-quarter report. The results also missed forecasts, led by weakness in investment banking. But equity trading revenue and fixed income trading climbed amid market volatility.   Morgan Stanley on Thursday reported declines in second-quarter earnings and…

China’s military is flying more combat aircraft near Taiwan as it tries to extend its reach around the island

Chinese Mi-8 military helicopters and J-16 fighter jets over central Beijing, August 23, 2015. Associated Press Taiwan says China’s military conducted 555 sorties into its air-defense zone in the first half of 2022. Defense analysts say China’s forces are developing their ability to control the skies over longer range as part of preparations for a…

Emirates rejects Heathrow’s ‘unreasonable and unacceptable’ call to limit ticket sales amid travel chaos

The airline appeared to blame Heathrow for not preparing for summer flight demand. Getty images Emirates is refusing to limit ticket sales for flights out of London’s Heathrow airport. In a statement on Thursday, the airline called demands to limit passengers “unreasonable”. On Tuesday, Heathrow capped daily passenger numbers and asked airlines to reduce ticket…

The Fed has no choice but to respond aggressively after the June inflation report and could raise rates by 100 basis points this month, Mohamed El-Erian says

Mohamed El-Erian YouTube / LinkedIn June’s hot CPI reading of 9.1% will force the Fed to respond aggressively, Mohamed El-Erian said in the Financial Times. According to the top economist, a 1-percentage-point rise could be on the table for this month’s meeting.  “Have no doubt: the latest inflation numbers are indicative of rough seas ahead,”…