The President of the World Economic Forum, Borge Brende, recently gave a grim outlook for the global economy. During a special meeting on global collaboration, growth, and energy for development in Riyadh, Saudi Arabia, Brende highlighted the risk of a decade of low growth if the right economic measures are not implemented. He pointed out
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Amazon is one of the top picks for Wall Street analysts during this busy earnings season. With a 31% potential upside, the e-commerce giant has seen a significant increase in earnings estimates in the past three to six months. Analysts are optimistic about Amazon’s future, especially with the growth of Amazon Web Services (AWS) and
The latest data released by the Commerce Department in March continues to highlight the persistent challenge of inflation. The personal consumption expenditures price index excluding food and energy remained elevated, showing an increase of 2.8% from a year ago. This was in line with the previous month and exceeded expectations set by the Dow Jones
Venice recently made headlines as the first city in the world to charge tourists a fee in an effort to manage mass tourism and improve the quality of life for its residents. The pilot program, which began on Thursday, requires day-trippers to pay a fee of 5 euros to visit Venice, a city known for
The Chinese smartphone giant Xiaomi has made a groundbreaking entry into the electric vehicle market with its new electric SU7 sedan. Since its launch in late March, the vehicle has garnered an impressive 70,000 orders as of April 20, exceeding the company’s initial projections. CEO Lei Jun revealed that Xiaomi is on track to deliver
Despite concerns of margin pressures in the face of higher inflation, Goldman Sachs’ David Kostin remains optimistic about earnings growth this year. With one-fifth of companies having reported thus far this earnings season, Kostin noted that roughly two-thirds have exceeded expectations on the bottom line, while about one-third have beaten estimates on the top line.
The recent comments from the CEO of Norway’s sovereign wealth fund about the “froth” in the tech sector have raised concerns about the sustainability of the current market conditions. With a string of tech giants set to release their earnings reports this week, including Tesla, Meta, Microsoft, and Google’s parent company Alphabet, investors are on
The recent historic rains in the United Arab Emirates caused chaos at Dubai’s airport, resulting in hundreds of grounded flights and thousands of stranded customers. The CEO of Emirates airline, Tim Clark, issued an apology letter to customers over the weekend, acknowledging the inconvenience and frustration faced by passengers during this challenging time. In the
In response to the recent approval by U.S. lawmakers of $60.84 billion in support for Ukraine, Russia has accused Washington of escalating the situation and diving deeper into what they perceive as a hybrid war against Russia. The outspoken criticism from President Vladimir Putin’s administration highlights their belief that the United States’ involvement in Ukraine
The recent completion of the fourth “halving” event in the Bitcoin network has sparked a wave of speculation and volatility in the cryptocurrency market. With rewards for miners reduced to 3.125 bitcoins from 6.25, investors are closely watching the price of bitcoin, which currently stands at around $64,100. While the mechanics of the halving itself