ASML Shares in the Dutch company ASML soared by around 10% on Wednesday 31st July 2024 following a Reuters report indicating that the firm might be exempt from the broadened export restrictions on chipmaking equipment to China. Additionally, it was also reported that the U.S. is contemplating an expansion ofRead More →
In July 2024, inflation in the euro zone unexpectedly increased to 2.6%, as reported by the European Union’s statistics agency on Wednesday 31st July 2024. Core EU inflation, which omits the more volatile prices of energy, food, alcohol, and tobacco, reached 2.9% in July, surpassing expectations. Services inflation, a closelyRead More →
Microsoft reported better-than-expected earnings and revenue for Q4 In extended trading on 30th July 2024, the stock experienced a quick decline as attention was drawn to the less-than-expected Azure revenue, despite management’s forecast for growth in the upcoming quarters. The company’s total revenue saw a 15% increase compared to the previousRead More →
The camu camu berry is one of the world’s most abundant sources of vitamin C – in fact, one single teaspoon of camu camu powder has 1180% of your recommended daily intake! Red peppers come second a vitamin race against the camu camu berry. Where can the berries naturally beRead More →
Gold has been a popular investment for centuries. The allure of gold endures in today’s varied financial environment. We will delve into the advantages and disadvantages of investing in gold, as well as the different methods by which you can incorporate this valuable metal into your investment portfolio. Pros ofRead More →
On Friday 26th July 2024, U.S. stocks surged, and Wall Street concluded a volatile week on an upbeat note as investors considered the latest U.S. inflation data. The Dow Jones Industrial Average soared 654 points to settle at 40589. The S&P 500 climbed to 5459 while the Nasdaq Composite advancedRead More →
Mercury, the smallest planet in the solar system and nearest to the sun, conceals an intriguing secret: a diamond mantle approximately 10 miles thick under its surface. This revelation comes from data provided by NASA’s MESSENGER spacecraft. Diamond mantle Recent studies indicate that Mercury’s mantle is composed not of graphene,Read More →
Apple has been ousted from the top five smartphone vendors in China during Q2, as local brands like Huawei continue to escalate competition Apple is no longer among the top five smartphone vendors in China as local brands take over the market. Apple’s market share in China has declined, fallingRead More →
The personal consumption expenditures price index (PCE) increased 0.1% in June 2024 and was up 2.5% from a year ago, with the annual rate showing a slight decline from the prior month Core inflation, which excludes food and energy, showed a monthly increase of 0.2% and 2.6% on the year,Read More →
OpenAI on Thursday 25th July 2024 announced a prototype of its search engine, called SearchGPT, which aims to give users “fast and timely answers with clear and relevant sources.” The company has announced plans to eventually incorporate the tool, presently in testing with a select user group, into its ChatGPT chatbot. TheRead More →
In the second quarter of 2024, the U.S. economy expanded at a strong annual rate of 2.8%, exceeding economists’ forecasts. This surge was fueled by positive consumer spending, substantial government expenditures, and increased inventories. The personal consumption expenditures price index saw a 2.6% rise in the same timeframe, a decreaseRead More →
Kering, the owner of Gucci, experienced a drop in its share value on Thursday 25th July 2024 following the announcement of a significant revenue decrease in the first half of the year, coupled with a subdued outlook for the latter half. Kering’s shares fell by up to 9% as theRead More →
Stocks sold off Wednesday 24th July 2024, blighted by underwhelming reports from Tesla and Alphabet – leading the Nasdaq Composite and the S&P 500 to post their worst sessions since 2022. The S&P 500 index dropped to closing at 5427, while the tech-heavy Nasdaq slid around 3.65% to end at 17342. The DowRead More →
“The world is jam packed full of wonder – just waiting to be discovered. I am forever in awe!”Read More →
Shares in LVMH fell on Wednesday after the luxury group on Tuesday 23rd July 2024 released its earnings for the first half of 2024 Shares in the world’s largest luxury group LVMH pulled-back on Wednesday 24th July 2024 after its second-quarter sales came in below analysts expectations Other luxury sector stocks,Read More →
Tesla’s shares dropped in U.S. pre-market trading following the electric car maker’s Q2 earnings report, which fell short of expectations. The company saw a 7% year-on-year decrease in automotive revenue for the June 2024 quarter, down to $19.9 billion, and a decline in its ‘adjusted’ earnings margin. Investors are dividedRead More →
Bitcoin is often likened to a type of digital gold, but Ether is seen more as a native cryptocurrency on the Ethereum blockchain. It is generally seen as a trade or bet on the growth and of the development of the blockchain and of crypto more widely. Many of theRead More →
Tesla boss Elon Musk says the electric car maker will start producing and using humanoid robots from next year. In a social media update, Elon Musk stated that Tesla will initially employ the robots, with plans to commence production for sale by 2026. He had earlier anticipated that the robot,Read More →
Wiz has apparently walked away from a deal with Google that would have valued the company at $23 billion. The deal would have nearly doubled the $12 billion valuation of the startup from its most recent round of funding. CEO of WIZ Assaf Rappaport told employees the company would pursueRead More →
Highest ratio since the 1960’s and even higher than that reached during the Covid pandemic of 2020. The UK’s national debt has reached its highest level since 1962. Official figures from the ONS show that the total government debt amounted to 99.5% of the economy’s value in June 2024, surpassingRead More →
CrowdStrike’s shares fell a further 13% on Monday 22nd July 2024 while the cybersecurity software firm attempted to help clients from various sectors to recover from an outage that disrupted millions of Microsoft Windows devices on Friday 19th July 2024. CrowdStrike 5-day share price chart Early Friday, the company releasedRead More →
The fascinating tale of Pepsi’s unexpected naval acquisition dates back to the late 1950’s. In 1959, during the Cold War, the United States and the Soviet Union were engaged in an ideological battle – communism vs capitalism. In that time, the U.S.S.R. held an exhibition in New York to demonstrateRead More →
CrowdStrike issue causes major outage affecting thousands of businesses around the world The irony It has been widely reported that an ‘update‘ by ‘cybersecurity‘ firm CrowdStrike led to a major IT outage on Friday 19th July 2024, impacting businesses around the world. Microsoft systems have been badly affected. CrowdStrike statementRead More →
On Wednesday 17th July 2024, the Nasdaq Composite and S&P 500 pulled-back as investors continued to shift from tech stocks to more interest rate-sensitive sectors. The S&P 500 dropped 1.39%, closing at 5588. The tech-geared Nasdaq tumbled 2.77%, finishing at 17996, marking its worst session since December 2022 and endingRead More →
The pound reached its highest level against the dollar in a year on Wednesday 17th July 2024, as investors wagered that UK interest rates would remain elevated for longer. New data released on Wednesday 17th July 2024 indicated that inflation was more persistent than some analysts had anticipated, leading tradersRead More →
U.K. inflation matched the Bank of England’s target of 2% in June 2024, as calculated by data from the Official for National Statistics on Wednesday 17th July 2024. The main figure was slightly higher than the 1.9% forecast by analysts surveyed by Reuters, aligning with May’s 2% figure. Following theRead More →