The United States’ protectionist stance against China is putting pressure on the European Union. Economists and business leaders are warning of a “China shock” for
Category: Investing
Ferrari Shares Tumble After Quarterly Earnings Report: Order Book Concerns Loom
Ferrari’s stock took a nearly 5% hit in Milan’s stock exchange on Wednesday, following the release of its quarterly financial report. Despite meeting March-end financial
Tesla Reports First Revenue Decline in Nearly Four Years Despite Strong Post-Market Stock Performance
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
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