Microsoft’s Lawsuit with U.S. FTC Reveals Plans for New Game Consoles – 2024 Christmas Release

2023-09-19 12:55:08
2023-09-19 20:55 Compiled by Lin Qixian from Economic Daily/Comprehensive Foreign News Microsoft has submitted multiple documents in its lawsuit with the U.S. Federal Trade Commission (FTC), and the documents show that Microsoft plans to… U.S. stock futures before the market opens on the 19th Slightly down, fresh grocery delivery startup Instacart is regarding to go public. It has announced a price of US$30 and a valuation of approximately US$10 billion. The following are the key points before the US stock market opens. Documents reveal that Microsoft will release a new generation of game consoles without raising prices. Microsoft has submitted multiple documents in its lawsuit with the U.S. Federal Trade Commission (FTC). The documents show that Microsoft plans to launch a new generation of game consoles during the 2024 Christmas shopping season. It is expected that the Xbox Series X will be replaced by a game console code-named Brooklin, and the Xbox Series S will be replaced by a game console code-named Ellenwood, priced at US$499 and US$299 respectively. In addition, Microsoft’s stock price has performed better than Apple’s in September, narrowing the market value gap between the two. Although there is still a difference of hundreds of billions of dollars, Microsoft has two powerful tools in cloud computing and artificial intelligence (AI), which is still more attractive to some investors. Microsoft fell 0.2% before the market opened, while Apple rose 0.2%. The small rocket company’s launch failed and its stock price plummeted. Rocket Lab’s 41st launch mission in New Zealand on the 19th failed 2 minutes and 30 seconds following liftoff. It was the first setback in more than two years. The company’s stock price fell 25% before the market opened; as of the closing price on the 18th, the stock had risen 34% this year. The 42nd launch mission, originally scheduled for the end of the third quarter, may also have to be postponed. Thailand has launched an anti-circumvention investigation into Chinese hot-rolled steel plates, involving 17 mainland Chinese manufacturers. The Thai Ministry of Commerce said in a statement that Thailand has launched an investigation into circumventing anti-dumping measures on imports of Chinese rolled steel plates. According to a statement released on September 15, the investigation included coiled and non-coiled hot-rolled steel plates from 17 mainland manufacturers. Mainland China’s hacking program is huge FBI: It has surpassed all opponents combined U.S. FBI Director Chris Wray warned at a meeting that Beijing’s cyber espionage program is so massive that it has surpassed all its opponents combined All major competitors combined. Over the years, U.S. officials have repeatedly issued warnings regarding Chinese hackers, but Wray’s remarks seemed unusually harsh. “Khalistan Separatist Movement” Controversy Relations between India and Canada continue to deteriorate. After Sikh leader Nijal was shot and killed in Canada in June, Canadian Prime Minister Trudeau claimed on the 18th that the atrocity was committed by Indian agents. India refuted the relevant accusations on the 19th as “ridiculous and ill-intentioned”, and the two sides expelled each other’s diplomats. India had previously shelved negotiations on a free trade agreement between the two countries, and Canada had postponed a trade delegation’s visit to India.US Stocks Further Reading
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