In the first half of this year, pharmacies, pubs, and banks accounted for half of the closures on Britain’s High Streets, according to data. A total of 6,945 stores have shut down in 2024, averaging 38 closures per day Taking new store openings into account, the net closure rate standsRead More →
Nvidia $279 billion market cap wipeout — the biggest in U.S. history for just ONE company On Tuesday 3rd September 2024, around $279 billion of value was wiped off of Nvidia. That was the biggest one-day market capitalisation drop for a U.S. stock in HISTORY! Nvidia one-day chart closed 108Read More →
The stock markets mix of toil and trouble is in the cauldron ready for a bear market in 2025, if not before. Why? These concerns are now all combining, and it will likely add-up to a bear market of around 25% in 2025 (this is my best guess). Remember –Read More →
Has the Fed over-cooked it this time by waiting too long to reduce interest rates? U.S. stock markets threw a wobbly after the latest employment data and after the Fed delayed its first rate cut… again. September 2024 now looks likely for that first cut – but by how much:Read More →
U.S. shares gained on Tuesday 6th August 2024, signalling a tentative stabilisation in global markets after a period of significant declines. The Nasdaq, known for its tech-centric portfolio, along with the Dow Jones Industrial Average and the S&P 500, all ended the day in more positive territory. This ‘lift’ cameRead More →
U.S. stock futures slumped Monday 5th August 2024 as global markets sell-off centered around potential U.S. recession fears. About one hour before U.S. stocks open – here’s the situation Dow Jones Industrial Average futures dropped 1250 points following a 611point loss on Friday 2nd August 2024. S&P 500 futures are down 4.6%Read More →
Japanese stocks entered a bear market on Monday 5th August 2024 as the sell-off in Asia markets continued from the previous week. The Nikkei 225 fell over 12% These benchmark indices have now declined more than 20% from their peak on 11th July 2024 – the index then touched 42000.Read 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 →
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 →
The world is in debt to the tune of $315 trillion, and counting. $315,000,000,000,000 $315 trillion or $315,000,000,000,000 is a daunting number, it’s massive. In 2024, the global GDP reached just $109.5 trillion, just over a third of the global debt figure. Perspective To provide some perspective, with the worldRead More →
More than $170 billion has been erased from the cryptocurrency market due to concerns over the Mt. Gox bitcoin payout. Bitcoin’s price plummeted over 6% in 24 hours, reaching $54,237, marking its lowest point since late February 2024. The total cryptocurrency market lost over $170 billion in market capitalization withinRead More →
Tories trashed as the Labour Party achieve landslide victory – but will this translate to an era of better politics or will it deliver just more of the same?Read More →
UK Election betting scandal mars politicians and the police! Just when you think the state of UK politics couldn’t get any worse… it does! The ‘clicky’ inner circles of both the Conservative and of the Labour Party with their mucky little antics – placing bets on the date of theRead More →
SS Sunak – rats deserting a Sinking Ship! UK Election: I don’t know if it’s just me but… where are all the Conservative Party cabinet BIG hitters? Sunak has very little support, if any from his cabinet! Where is Jeremy Hunt, the Chancellor of the Exchequer for example? He’s notRead More →
UK election defence device to help stop you getting… ‘drowned out’.Read More →
On 22nd May 2024, UK Prime Minister Rishi Sunak announced a snap general election for 4th July 2024 This decision caught many by surprise, as the election was called more than around six months earlier than legally required. Election Date: 4th July 2024 – let the fireworks begin The Conservative Party, led by Rishi Sunak, isRead More →
The federal debt reportedly reached $34.5 trillion, marking an increase of approximately $11 trillion since March 2020. This surge has sparked discussions among government and financial leaders, with a notable Wall Street firm questioning whether the associated costs could threaten the stock market’s upward trend. The Congressional Budget Office projectsRead More →
Shares of GameStop and AMC surged by approximately 60% in premarket trading on Tuesday 14th May 2024, signalling a potential continuation of gains as the meme stock crazes makes an unwelcome comeback. Shares of the video game retailer GameStop surged 59% higher in late trade while the movie theatre chainRead More →
The Home Office eventually resolved a nationwide ‘issue’ that led to significant delays at passport e-gates. UK airports such as Heathrow, Gatwick, Edinburgh, Birmingham, Bristol, Newcastle, and Manchester have all reported delays in arrivals late on Tuesday 7th May 2024 due to a Border Force issue. E-gates, which are automatedRead More →
The breach involved a third-party payroll system used by the MoD The compromised system contained names and bank details of both current and past members of the UK armed forces. While the full extent and consequences of the breach are still under investigation, preliminary results reportedly indicate that no data was extracted during the incident.Read More →
UK police have dismantled a gang that provided a technology service enabling criminals to use fraudulent text messages to defraud victims Britain’s Metropolitan Police announced on Thursday 18th April 2024 that the ‘LabHost‘ website had been utilised by 2,000 criminals to pilfer personal details from users. The police have reportedlyRead More →
It has been a turbulent time at Twitter since Musk’s acquisition and the subsequent renaming of the company to X. X is a subsidiary of X Holdings Corp., which is owned by Elon Musk. X has faced several issues and controversies since its inception, such as advertiser boycott, declining user base,Read More →
A recent cyber-attack on CTS, a company that provides IT services to law firms and other organisations in the UK legal sector. It was reported the cyberattack occurred on Wednesday, 22nd November 2023, and caused a widespread outage that affected dozens of law firms and homebuyers. The cyberattack was reportedlyRead More →
It is widely reported that HSBC‘s online banking system is experiencing some problems today, 24th November 2023. According to the news reports, many customers are unable to access the app or the website or make payments. The bank has acknowledged the issue and said it is working hard to fixRead More →
At the speed of AI, the story at OpenAI moves at lightning speed. Hundreds of OpenAI employees signed a letter demanding the OpenAI board resign or face an employee exodus to Sam Altman’s new venture at Microsoft ‘imminently‘. The board then attempted to negotiate Altman’s return, but those talks wereRead More →
