Tesla EV

Tesla shares soared to an all-time high on Wednesday exceeding their previous record set in 2021, driven by a post-election rally and heightened enthusiasm Wall Street for Elon Musk’s electric vehicle company. The stock increased to an intraday high of $415, exceeding its previous peak by 50 cents and closedRead More →

Tech tug 'o' war

China has reportedly initiated a probe into Nvidia, the US computer chip manufacturer, over purported breaches of anti-monopoly regulations. The company’s shares fell by over 3% following the announcement, signalling the latest development in the ongoing tech conflict between the U.S. and China over the profitable semiconductor market. Over recentRead More →

Bitcoin

Bitcoin flirted with the $100,000 mark, coming within less than $1,000 of that psychological threshold. However, it failed to breach this peak, falling back to as low as $90,702. on Tuesday 26th November 2024. It has since rallied, trading at approximately $96,697 early on 29th November 2024. But still offRead More →

DOGE

In a significant turn of events, the 2024 U.S. elections have ushered in what many are calling the most pro-crypto Congress in history. The significant shift in political dynamics is largely due to the substantial financial support from the cryptocurrency industry, which has strategically funded political campaigns to foster aRead More →

Next generation AI chips

Is Nvidia competing with itself now? Nvidia third-quarter earnings beat expectations, but shares dropped 2.5% in extended trading. The company’s revenue surged 94% year on year to $35.08 billion in the quarter ended 27th October 2024. Net income climbed 109% from a year ago to $19.3 billion. Sales of Nvidia’s next-generationRead More →

Autonomous driving

Tesla shares enjoyed a Trump pump on Monday 18th November 2024 after reports that President-elect Donald Trump’s team intend to prioritise a federal framework for regulating autonomous vehicles within the U.S. Department of Transportation. Elon Musk was a prominent advocate in the business sector for Trump’s re-election campaign leading upRead More →

A Cartoon AI chip

Samsung’s struggle in the AI race Samsung, previously a powerhouse in the semiconductor industry, has encountered significant hurdles in the AI competition, leading to a notable decline in market value. The company’s faltering stance can be attributed to a variety of factors, such as strategic errors, fierce competition, and swiftRead More →

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 →

U.S. stocks at all time high

The Dow, S&P 500 and Nasdaq all hit new highs! Stocks rallied sharply on Wednesday 6th November 2024, with major indices hitting record highs, as Donald Trump won the 2024 presidential election. It looks like the Trump rally has already begun. The Dow Jones Industrial Average surged 1,508.05 points to a recordRead More →

Trump wins 2024 U.S. election

After losing the re-election to President Joe Biden in 2020, Donald Trump, the 45th president, has now been elected as the 47th. Trump’s victory sets several historic records. At the age of 78, he becomes the oldest individual to win a U.S. presidential election. He is the first president toRead 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 →