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Sony Shakes off Hardware Tag to Become a Content Provider
3 months ago
Stocks News
Sony has undergone a remarkable transformation, evolving from its roots as a consumer electronics hardware pioneer to an emerging force in entertainment. Once synonymous with iconic products like the Walkman and PlayStation, the company struggled for decades as it largely ...
BYD to Sell More Cars Than Honda and Ford in 2024
3 months ago
Stocks News
Chinese electric vehicle giant BYD is poised to surpass Honda and Ford in global sales for 2024, driven by robust performance in its domestic market and growing international presence. As of November, BYD had sold approximately 3.7 million vehicles, a ...
Tesla Stock Surges on Post-Election Optimism
3 months ago
Stocks News
Tesla shares soared to a record high of $424.77 on Wednesday, beating the previous peak of $409.97 set in 2021. This milestone caps a remarkable run for the electric vehicle maker, whose stock has climbed an astonishing 71% this year. Much ...
Alphabet Shares Surge as Google Advances Quantum Computing
3 months ago
Stocks News
Alphabet shares jumped 6% following Google’s announcement of “Willow,” its latest quantum computing chip. It is a meaningful leap in the race for quantum supremacy. The chip, which boasts a staggering 100 qubits, outperformed its predecessor from 2019 in key ...
Sterling Gains Against Euro as Central Banks Move Apart
3 months ago
FOREX News
The British pound has surged to its strongest level against the euro since April 2022, fueled by expectations that the Bank of England (BOE) will take a more cautious approach to cutting interest rates compared to the European Central Bank ...
Eurozone Growth Hits Two-Year Peak Despite Trade Challenges
3 months ago
Economy News
The Eurozone’s GDP growth reached a two-year high in Q3 2024, driven by household and government expenditures. According to Eurostat, the region’s economy expanded by 0.4% quarter-on-quarter, doubling the 0.2% growth in Q2. Annual growth climbed to 0.9%, up from ...
Coffee Prices Climb to 47-Year High
3 months ago
Commodities News
Coffee prices have surged to their highest levels in almost 50 years, driven by extreme weather in key producing nations and global market dynamics. Futures for Arabica coffee recently reached $3.35 per pound, a 70% increase since the start of ...
Bitcoin Hits the Magical $100,000 Mark
3 months ago
Stocks News
Bitcoin skyrocketed to the magical $100,000 mark on Wednesday, reaching a historic milestone fueled by President-elect Donald Trump’s announcement of pro-crypto appointees. Paul Atkins, a former (Securities and Exchange Commission) SEC commissioner and cryptocurrency advocate, is set to lead the SEC, ...
Intel Struggles to Reclaim Its Place in Tech
3 months ago
Stocks News
Intel, once the undisputed king of computer chips, is now battling to stay relevant in a rapidly shifting tech landscape. The company’s all-time stock high of August 31, 2000, feels like a distant memory, with shares now down 68% from ...
Germany’s DAX Defies Economic Trouble with Record Highs
3 months ago
Stocks News
Germany’s DAX continues to defy expectations while flying high, hitting a new all-time high with a 1.57% gain on Monday, pushing it near the psychological 20,000 mark. Up an impressive 19% year-to-date, the DAX is Europe’s strongest performer, even as ...
Chinese Automakers Surge Ahead of Delivery Targets
4 months ago
Stocks News
Chinese automakers are finishing the year with impressive results, smashing their annual delivery goals ahead of schedule. BYD, the country's electric vehicle leader, delivered 504,003 passenger cars in November, pushing its year-to-date total to 3.74 million. This beats its 2023 ...
India's Economic Growth Stutters Amid Global Uncertainty
4 months ago
Economy News
India’s economy grew by 5.4% in the second fiscal quarter ending September, marking its slowest pace in nearly two years. This figure fell well below expectations, with economists forecasting 6.5% growth and the Reserve Bank of India (RBI) predicting a ...
Euro Remains Steady Amid Tariff Threats
4 months ago
FOREX News
The euro held firm against the US dollar on Tuesday, brushing off tariff threats from President-elect Donald Trump targeting imports from Canada and Mexico. Despite an initial dip, the euro stabilized near 1.05 during early Asian trading on Wednesday, reflecting ...
Oil Watchers Warn Proposed Tariffs Could Upend Global Trade
4 months ago
Economy News
U.S. President-elect Donald Trump’s proposed 25% tariffs on Canadian and Mexican imports could reshape North American trade dynamics, with industry experts warning of significant economic repercussions, particularly for the energy sector.Canadian crude exports to the U.S. reached a record 4.3 ...
Carmaker Shares Fall as Tariff Threats Loom Over North America
4 months ago
Stocks News
Automaker stocks took a hit Tuesday as President-elect Donald Trump announced plans to impose a 25% tariff on imports from Mexico and Canada, shaking investor confidence. This move targets a vital aspect of the auto industry, which has long relied on ...
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