Norway’s massive sovereign wealth fund reported a first-quarter profit of 1.21 trillion kroner ($109.9 billion) – bolstered by strong returns from its technology stock investments it was announced on Thursday 18th April 2024. Established in the 1990s, Norway’s sovereign wealth fund, the largest in the world, invests the surplus revenueRead More →
Digital assets have soared recently to unprecedented heights and then plummet just as quickly. It’s an extremely volatile financial environment. Amid this volatility, the European Union’s securities watchdog, the European Securities and Markets Authority (ESMA), has sounded a cautionary note. The Concentration Conundrum ESMA’s latest report highlights a considerable concern: theRead More →
The statement that a single speck of dust is halfway between the size of an atom and the entire planet Earth is a fascinating way to think about scale, and it’s based on a logarithmic, not linear, scale. A fun fact On a linear scale, the size of a dustRead More →
TSMC stands as the world’s foremost producer of sophisticated processors, boasting clientele that includes industry giants like Nvidia and Apple Unprecedented demand for AI chips is being led by the proliferation of large language models such as ChatGPT and Chinese equivalents. Taiwan Semiconductor Manufacturing Company (TSMC) on Thursday 17th April 2024 beatRead More →
The International Monetary Fund calculates that Russia’s economy will expand more rapidly than all advanced economies this year. According to the latest World Economic Outlook released by the IMF, Russia’s economy is projected to expand by 3.2% in 2024. This growth outpaces the anticipated growth rates for the U.S. atRead More →
The Bank of England (BoE) stands as a bastion of economic stability, guiding the United Kingdom through the ebbs and flows of financial tides. Modernising the Bank of England’s forecasting system has become a critical necessity. A recent independent review has cast a spotlight on the ‘serious deficiencies’ within itsRead More →
Record-breaking rain has inundated the United Kingdom over the past few months, leaving fields submerged and livestock at risk. The relentless downpours, likely exacerbated by climate change, are now threatening the very foundation of UK food production. Challenges faced by farmers UK farmers are facing the repercussions of extreme weatherRead More →
Inflation in the U.K. eased to 3.2% from 3.4% in March, the Office for National Statistics said on Wednesday 17th April 2024. But a higher-than-expected reading creates more concern as investors push back bets on the timing of the first Bank of England (BoE) rate cut. Economists expected 3.1% asRead More →
The latest figures on UK pay growth and unemployment present a complex picture of the country’s labour market. The unemployment rate has seen a slight uptick to 4.2%, a rise from the previous 3.9%. This increase, which is more than anticipated, suggests a softening in the labour market. Conversely, wage growthRead More →
The company intends to reduce its global workforce by over 10%, amounting to roughly 14,000 employees As of December, Tesla had a total of 140,473 employees worldwide. This decision is believed to be a response to the obstacles Tesla is encountering with slowing growth and operational effectiveness and cheaper competition. In anRead More →
On a quarter-by-quarter basis, China’s GDP grew 1.6% in the first quarter, compared to analysts’ expectations of around expectations of 1.4%. Beijing’s growth target for 2024 is around 5%. China’s growth was driven in part by external demand, as export volume grew by 14% year on year. Industrial output forRead More →
Muhammad Ali – (Cassius Clay) 1942 – 2016 He was an American professional boxer, activist, spokesperson for civil rights and entertainer. Nicknamed “the Greatest“, he is regarded as one of the most significant sports figures of the 20th century and is often regarded as the greatest heavyweight boxer of all time.Read More →
Gold at all-time high above $2,400 Technical analysis indicates that the risk trends towards the upside, with indicators showing overbought conditions and prices rising above moving averages. However, it’s crucial to remember that markets are subject to change and can be affected by various factors, including geopolitical risks and economicRead More →
Markets have fretted about core inflation recently, now analysts are concerned about a highly specific price gauge within the data – ‘supercore’ inflation. This measure tracks services inflation, excluding food, energy, and housing, which has recently surged, rising 4.8% year-over-year in March 2024 and over 8% on a three-month annualisedRead More →
Despite the recent surge in the Consumer Price Index (CPI), and better than expected PPI data, markets have shrugged off any concern… for now Fickle On Wednesday 10th April 2024 the CPI data announcement pushed the markets down and on Thursday 11th the markets recovered after the PPI data wasRead More →
One tenth of 1% is very little but we can at least hope the UK is on it’s on way out of recession Let’s blame the weather The economy grew by 0.1%, figures show, boosted by production and manufacturing in areas such as the car sector. The Office for NationalRead More →
Nvidia, manufacturer of one of the most advanced graphics processing units (GPUs), has significantly benefited from the artificial intelligence (AI) surge due to the high demand for its microchips. The company’s shares have fallen 10% from their recent all-time high, which was over $950. On Tuesday, 9th April 2024, theRead More →
The headline inflation rate registered at 3.5% year-on-year, surpassing the 3.4% economists had anticipated in a Dow Jones survey and marking a 0.3% increase from February 2024. The core CPI experienced a 0.4% rise on a monthly basis and a 3.8% increase from the previous year, both exceeding expectations. U.S.Read More →
The recent surge of interest in artificial intelligence (AI) has ignited a significant rally in technology stocks. Firms engaged in AI development, such as semiconductor producers crucial to AI technology and cloud service providers offering the necessary computing infrastructure, have experienced significant returns. The stock market is abuzz with excitement over artificialRead More →
Albert Schweitzer (1875-1965) was a German-born philosopher, theologian, physician, musician, and missionary in Africa. His remarkable contributions spanned many different fields of interest.Read More →
The U.S. economy is on a rip, with employers adding around 303,000 jobs in March 2024 – the largest increase in almost a year. As the world’s largest economy continues to surge, questions arise about the Federal Reserve’s next move regarding interest rates. Stronger-than-expected Job Growth The unemployment rate fellRead More →
The Generation AI: How the next wave of young innovators will shape the future Artificial intelligence (AI) is not only a technology that is transforming the world, but also a culture that is inspiring the next generation of young innovators. The Generation AI is a term that refers to theRead More →
Generative Artificial Intelligence Artificial intelligence (AI) is not only a powerful tool for solving problems but is also a source of creativity and innovation. Generative AI is a type of AI that can create new and realistic content, such as images, text, music, software, and product designs, by learning fromRead More →
Ripple CEO Brad Garlinghouse anticipates the total value of the cryptocurrency market will double this year. He references the launch of the first U.S. Bitcoin exchange-traded fund (ETF) and the forthcoming Bitcoin halving event as key factors. “The overall market capitalization of the cryptocurrency industry is expected to double byRead More →
The CEO of Tesla, Elon Musk recently made an announcement regarding the company’s robotaxi. According to his social media post on X, Tesla will unveil its robotaxi product on 8th August 2024. This project has been a topic of discussion for several years and could potentially represent a significant new business venture for Tesla. Read More →
Samsung Electronics anticipates its profits for the first quarter of 2024 to surge more than tenfold compared to the previous year. This projection is due to the recovery in chip prices following a post-pandemic decline and a surge in demand for artificial intelligence (AI) related products. As the world’s leadingRead More →