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Cisco Stock Falls after Product Order Slowdown

Cisco Stock Falls after Product Order Slowdown

55
Stocks news
16.11.2023

Cisco Systems shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a dampened forecast for the current quarter and the full fiscal year.Revenue increased by 7.6% in the fiscal first quarter, whic...

Eurozone Growth Outlook Still Hampered by Inflation

Eurozone Growth Outlook Still Hampered by Inflation

57
Economy news
15.11.2023

The European Commission this week tempered its eurozone growth expectations for 2023 and 2024, saying the high cost of living and interest rates were dragging down consumers and businesses.It adjusted its 2023 growth forecast to 0.6%, removing 0.2 pe...

Hyundai Breaks Ground on EV Superfactory in South Korea

Hyundai Breaks Ground on EV Superfactory in South Korea

69
Economy news
14.11.2023

South Korean auto giant Hyundai Motor has started construction on a $1.5 billion mega factory in that country that will produce only electric vehicles.The group, which owns the Hyundai and Kia brands, conducted a much-publicized groundbreaking ceremo...

Treasury Yields Unmoved by Moody’s U.S. Downgrade

Treasury Yields Unmoved by Moody’s U.S. Downgrade

75
Economy news
13.11.2023

Moody’s on Friday lowered its rating outlook on the United States government to negative from stable, pointing to rising risks to the nation’s fiscal strength.The rating agency noted that the country is not demonstrating effective fiscal policy measu...

U.K. Economy Shows No Growth in Third Quarter

U.K. Economy Shows No Growth in Third Quarter

63
Economy news
10.11.2023

Gross domestic product in the United Kingdom was flat for the last quarter. After an increase of 0.2% in the previous quarter, the three months to the end of September yielded zero growth.Expressed annually, Britain’s third-quarter GDP was just 0.6%...

Bitcoin Tops $37,000, Carrying Crypto Industry With It

Bitcoin Tops $37,000, Carrying Crypto Industry With It

62
Cryptocurrency news
09.11.2023

Bitcoin climbed to a fresh 2023 high on Thursday as excitement around a likely Bitcoin ETF approval grew toward a fever pitch.The price of the world’s top cryptocurrency climbed more than 3.5%, to touch $37,000 for the first time since May 2022. Ethe...

Microsoft Closes at All-Time High on AI Excitement

Microsoft Closes at All-Time High on AI Excitement

58
Stocks news
08.11.2023

Microsoft closed Tuesday’s trading session at record highs of $360.53, after renewed excitement about growth from an important partner in artificial intelligence. The 1.12% daily jump gives the technology giant a market value of about $2.68 trillion....

Bitcoin Outshines Traditional Assets

Bitcoin Outshines Traditional Assets

96
Cryptocurrency news
07.11.2023

Bitcoin, the world's largest crypto asset by market capitalization, has shown impressive resilience and notable growth, outshining traditional assets with its value ballooning by more than 110% since January.The latest excitement around Bitcoin is dr...

Saudi Arabia’s Oil Production Cuts Hamper Economy

Saudi Arabia’s Oil Production Cuts Hamper Economy

49
Economy news
06.11.2023

Saudi Arabia’s economy has slowed markedly after the world’s biggest crude oil producer cut output to shore up prices.Saudi gross domestic product contracted 4.5% year-over-year in the third quarter of 2023. That’s the largest shrinkage since the COV...

India Targets Growth to Rival China

India Targets Growth to Rival China

80
Economy news
03.11.2023

India’s economy is showing signs of growth at a time when China, which has been the engine of global growth for decades, is seeing a major economic slowdown. India aspires to be a potential successor. From a restless young population to busy factorie...

Shell Posts $6.2 Billion Third-Quarter Profit

Shell Posts $6.2 Billion Third-Quarter Profit

90
Stocks news
02.11.2023

Oil giant Shell this week reported a $6.2 billion profit for the third quarter, in line with estimates, as the company received a boost from higher oil prices and refining margins.Profit was higher than the $5.1 billion in the second quarter, but mar...

Historic Number of Bitcoin Wallets in Profit

Historic Number of Bitcoin Wallets in Profit

83
Cryptocurrency news
01.11.2023

Bitcoin, the world’s biggest cryptocurrency in terms of market value, has broken records as it now boasts the highest number of profitable wallet addresses on record, even though its price is still 50% behind its all-time high.Last week, Bitcoin's pr...

Germany’s Economy Shrank in the Third Quarter

Germany’s Economy Shrank in the Third Quarter

95
Economy news
31.10.2023

Output in Germany fell slightly in the third quarter, official data showed Monday, increasing the risk of a recession in Europe’s biggest economy.Gross domestic product dropped 0.1% in the July-to-September period compared with the previous quarter,...

Coke and Pepsi Stocks are Both Struggling

Coke and Pepsi Stocks are Both Struggling

54
Stocks news
30.10.2023

Coca-Cola and PepsiCo’s stocks have struggled this year, hurt by higher interest rates and investor concerns about the possible negative impact of weight loss drugs like Wegovy.Despite that, both companies topped Wall Street’s estimates for their thi...

Amazon Revenue Jumps 13%

Amazon Revenue Jumps 13%

54
Stocks news
27.10.2023

The e-commerce titan this week announced revenue of $143.1 billion for the quarter ending in September, showing a 13% rise from the same period last year and outstripping analysts’ estimates.The retailer reported quarterly profits of $9.9 billion, al...