Autonomous vehicle

Elon Musk’s Vision for Tesla’s Trillion Dollar Future Elon Musk, the visionary CEO of Tesla, has consistently set ambitious goals for the company. Among his most audacious claims is that Tesla could potentially become a multi trillion-dollar company and even reach a valuation of $25 trillion, largely driven by theRead More →

Bitcoin

Bitcoin has achieved a new all-time high, surpassing $82,000, and has continued to climb. This suggests that investors are confident the world’s leading cryptocurrency will gain even more, following U.S. elections that resulted in a significant number of pro-crypto candidates being elected. During his campaign, President-elect Donald Trump vowed toRead More →

U.S> stocks up

More new records set in extended U.S. post-election rally The S&P 500 and Nasdaq climbed on Thursday 7th November 2024, extending the rally following the victory of President-elect Donald Trump, while traders considered the implications of the Federal Reserve’s recent rate reduction. The S&P 500 rose to close at anRead More →

Origin of Bitcoin

Bitcoin’s origin is one of the most captivating mysteries of the digital age. The cryptocurrency was created in 2008 by an unknown individual or group under the pseudonym Satoshi Nakamoto. Despite numerous investigations, the true identity of Nakamoto remains shrouded in secrecy. Story The story of Bitcoin begins with theRead More →

Bitcoin new high!

Bitcoin, which could benefit from relaxed regulation, soared to an all-time high and topped $76,000. Bitcoin rallied Wednesday 6th November 2024, hitting all-time highs as former President Donald Trump defeated Vice President Kamala Harris to win the election an become the 47th U.S. president. The price of Bitcoin touched a fresh record ofRead More →

AI power

Nvidia is set to replace its rival chipmaker Intel in the Dow Jones Industrial Average, signifying a significant change in the blue-chip index that highlights the surge in artificial intelligence and a substantial shift within the semiconductor industry. Intel’s shares fell by 1% in extended trading on Friday 1st NovemberRead More →

Apple Apple’s fourth-quarter results surpassed Wall Street forecasts for revenue and earnings per share. However, net income declined due to a one-time charge related to a tax settlement in Europe. iPhone sales and overall sales both rose by 6%. Amazon Amazon’s shares soared in after-hours trading following the announcement ofRead More →

Stock chart down

Super Micro Computer’s shares dropped 33% in premarket trading 30th October 2024, following the announcement in a regulatory filing that Ernst & Young had stepped down as its accounting firm. The filing revealed that EY had expressed doubts about the AI server company’s “commitment to integrity and ethical values” duringRead More →

Car manufacture

Volkswagen’s operating profit fell to 2.86 billion euros ($3.1 billion), with third-quarter sales revenue experiencing a 0.5% year-on-year decrease to roughly 78.5 billion euros. These figures come after Volkswagen lowered its annual outlook for 2024 last month, which was the second adjustment within a few months. The company has recentlyRead More →

Microsoft and AI

Microsoft’s significant investment in OpenAI is impacting its earnings – 30th October 2024 The company reportedly indicated, following the quarterly earnings report, that Microsoft anticipates a $1.5 billion reduction in income for the current period, primarily due to projected losses from OpenAI. Microsoft’s nearly $14 billion investment in OpenAI, theRead More →

Apple smartphones

Apple has returned to the top five smartphone vendors in China’s market during the third quarter, lifted by the release of the iPhone 16, according to data. Apple’s shipment growth remained steady year-on-year in the Q2, securing the company a second-place rank by market share in Q3. Following Apple, HuaweiRead More →

Nasdaq index at new high!

The Nasdaq Composite climbed to an all-time high on Friday 25th October 2024, boosted by BIG tech stocks. The tech-heavy index rose 0.56% to 18,518.61 Tech stocks boosted the market ahead of their upcoming earnings. Nvidia added 0.8%, and shares of Meta Platforms, Amazon and Microsoft were also higher. Some analysts are suggesting it may be time to shortRead More →

On Thursday 24th October 2024, Barclays Bank announced a net profit of £1.6 billion ($2 billion) for the third quarter, surpassing expectations This figure exceeded the anticipated £1.17 billion net profit from analysts and marked a 23% increase from the same quarter in 2023. The revenue for the quarter wasRead More →

Tesla

Tesla shares climbed 12% in extended trading after the company’s third-quarter earnings beat Wall Street estimates, following a long slump. However, Tesla’s revenue for that period, up 8% year on year, marginally missed expectations. “Vehicle growth” will hit up to 20%-30% next year, said CEO Elon Musk, thanks to “lower cost vehicles” andRead More →

Investment data

Norway‘s massive world record breaking sovereign wealth fund reported a third-quarter profit of 835 billion Norwegian kroner ($76.3 billion) on Tuesday 22nd October 2024. The fund’s performance was attributed to a stock market surge due to the decline interest rates. The overall return for the quarter stood at 4.4%, whichRead More →

A bar of gold

Gold continues on its path to new highs touching $2740 on 21st October 2024 In 2024, gold experienced a surge of over 35%, reaching new record highs. This increase was propelled by the anticipation of additional Federal Reserve rate reductions following a half-percentage-point cut in September 2024, coupled with persistentRead More →

AI chips

Nvidia’s shares have reached a record peak as the company continues to benefit from the surging demand for its AI chips Tech giants such as Microsoft, Meta, Google, and Amazon are acquiring Nvidia’s GPUs in large volumes to create extensive AI computing clusters. Nvidia, with a market capitalisation of aroundRead More →

Elon Musk's Sci-Fi vision

Tesla’s stock declined on Friday 11th October 2024 following the electric vehicle maker’s highly anticipated robotaxi event, which left investors unimpressed £60 billion was wiped off Tesla market cap CEO Elon Musk showcased the Cybercab concept vehicle, announcing that it would be available for purchase at a price below $30,000.Read More →

XRP Ripple system

Ripple has announced the launch of a range of features designed to assist banks and fintech’s with the storage of digital tokens, marking a significant expansion into the realm of crypto custody. Crypto custody services, which support clients in managing their crypto assets, represent a new venture for Ripple, nowRead More →

Passive income from dividend stocks

The FTSE 100 index comprises the 100 largest companies by market capitalisation. These companies are typically well-established and financially stable, making them reliable dividend payers.  The average dividend yield for the FTSE 100 is around 3.97%. Here are ten dividend stocks in the FTSE 100 British American Tobacco (BATS) – KnownRead More →

China stocks drop

On Wednesday 9th October 2024, Chinese stocks experienced a sharp decline, with the Shanghai benchmark plummeting by 6.6% Hong Kong’s index fell by 1.5%, in contrast to the mostly positive performance of other global markets. Beijing’s recently detailed economic stimulus plans did not meet the high expectations set after theRead More →