Central banks are the financial institutions that manage a country’s money supply and interest rates. They play a vital role in maintaining financial stability and promoting economic growth. The wealth of a central bank is measured by its assets, which can include gold, foreign currencies, and government bonds. Here’s a look at the top 10 …
Nvidia Corp, the renowned chipmaker, has been dominating headlines as its stock continues to surge, smashing through record after record. Recently, two of Nvidia’s directors seized the opportunity to cash in on this remarkable run, selling shares worth a whopping $180 million. Let’s dive into the details and explore the implications of these insider transactions …
As the economy and inflation outpace expectations, all eyes turn to the Federal Reserve for clues about potential interest rate cuts. Fed Chair Jerome Powell’s upcoming testimony to Congress will be closely scrutinised for insights into when and by how much the Fed might reduce its benchmark rate. Amidst heightened public frustration with inflation, the …
NVIDIA Corporation, a leading American semiconductor company renowned for its high-end graphics processing units (GPUs), has experienced a remarkable upsurge in its market value and global standing. This surge comes on the heels of the company’s stellar financial performance and growing demand for artificial intelligence (AI) infrastructure, propelling it to surpass industry giants and secure …
Recently, high-profile figures like Jeff Bezos, Mark Zuckerberg, and the Walton family have been selling off significant amounts of stock in their respective companies. This trend has caught the attention of many, especially since stock prices are soaring. Let’s delve into why these sales are happening and what they could mean. Big Sales, Big Numbers …
NVIDIA and Intel, two prominent players in the semiconductor industry, are charting distinct courses in the competitive landscape of AI chip development. This article provides a comprehensive comparison of their financial performance and strategic initiatives, shedding light on their respective positions and prospects in the burgeoning AI market. Market Overview NVIDIA Corporation is renowned for …
Reddit Inc., the popular social media platform, is making significant strides towards its long-anticipated initial public offering (IPO). With a recent data licensing deal and impressive revenue growth, Reddit is poised to enter the public market with confidence approximately in March. Data Licensing Deal and Revenue Growth Recent reports reveal that Reddit has secured a …
Japan’s Nikkei 225 index achieved a significant milestone on Thursday, surpassing the record it set in 1989 before the burst of its financial bubble. The index closed at 39,098.68, up 2.2%, marking a remarkable resurgence after years of stagnation. Decades of Struggle Following its peak in 1989, the Nikkei 225 endured a prolonged period of …
Sharp Contraction in the Final Quarter Israel’s economy faced a significant downturn in the fourth quarter of 2023, plummeting 19.4% compared to the previous quarter, marking its first contraction in nearly two years. The decline was attributed to the ongoing conflict with Hamas, which has taken a toll on various sectors of the economy. This …
China’s economy is facing a multi-faceted challenge, with a sluggish property sector, soaring youth unemployment, and a global economic slowdown weighing heavily. To combat these issues and stimulate growth, China’s central bank recently took a significant step by cutting the key benchmark lending rate used to price mortgages. The Background China has been grappling with …
