In a surprising turn of events, Tesla has reported its first quarterly revenue decline in almost four years. The electric vehicle pioneer announced that revenues
Category: Investing
Banned Nvidia Chips Surface in Chinese Servers Amid US Sanctions
Chinese universities have recently acquired AI chips from Nvidia, which are subject to US sanctions, as reported by Reuters. This move appears to circumvent the
US Dollar Slightly Declines to $38 After Four Days of Gains
The US dollar experienced a slight decrease of 0.02% compared to last Wednesday, closing at 38.240 Uruguayan pesos according to the official exchange rate by
US’s Largest Egg Producer Shuts Down After Avian Flu Outbreak
A poultry plant in Texas, operated by Cal-Maine Foods, the largest egg producer in the United States, has been temporarily closed after an outbreak of
Bank of America Predicts ECB Interest Rate Cut in June, Foresees Faster Decreases in 2025
Bank of America (BofA) has indicated that the European Central Bank (ECB) will make its first interest rate cut—currently frozen at 4.5% since its March
The American market weakens, eyes on inflation data
Wall Street experienced a sluggish session, with investors closely monitoring macroeconomic data for insights into the health of the economy and inflation trends. Before the
Japan enters recession, relinquishes position as world’s third-largest economy to Germany
Japan’s economy experienced a decline for the second consecutive quarter from October to December, marking its entry into a technical recession and resulting in its
Elon Musk relocates SpaceX to Texas following Tesla salary package upheaval in Delaware
Elon Musk has made a significant business maneuver, relocating SpaceX’s state of incorporation from Delaware to Texas. This decision follows a recent court ruling in
UBS Predicts Gold Surge to $2,200 and Foresees Silver’s ‘Dramatic’ Outperformance in 2024
Gold and silver are anticipated to experience upward momentum in 2024, driven by UBS’s forecast that the U.S. Federal Reserve will initiate interest rate cuts.
Zuckerberg Set to Receive $700 Million Annually Through Meta’s Latest Dividend
Meta Platforms Inc.’s CEO, Mark Zuckerberg, is poised to receive an annual payout of approximately $700 million with the introduction of the social media giant’s