Shares of electric vehicle (EV) makers and Tesla’s Asia suppliers have taken a hit after the EV giant missed its fourth-quarter revenue and profit targets and warned of slower sales this year. This article examines the implications of Tesla’s disappointing results on the wider EV industry and the subsequent decline in stock prices of related
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After its monetary policy meeting, the European Central Bank (ECB) is expected to maintain interest rates at their current record high. However, investors seeking clarity on potential rate cuts may be left disappointed. This article examines the market expectations, recent comments from ECB officials, and economic factors that may influence future monetary policy decisions. According
Alphabet, the parent company of Google, recently made a surprising announcement that it has decided to sever its contractual relationship with Appen, an artificial intelligence (AI) data firm. Appen has played a crucial role in training Google’s chatbot Bard, optimizing Google Search results, and assisting with various other AI products. This decision, which will become
The global economy has demonstrated remarkable resilience in the face of sharp interest rate increases by central banks over the past two years. Despite concerns of a looming recession, major economies, particularly the U.S., have managed to evade a severe economic downturn, with the labor market remaining robust. This unexpected resiliency has prompted discussions around
Ukrainian President Volodymyr Zelenskyy expressed his worries about the potential return of Donald Trump to the White House. In an interview with the U.K.’s Channel 4 News, Zelenskyy extended an invitation to the former president to visit Kyiv. However, this invitation came with a condition – Trump must fulfill his promise of stopping the war