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This Week's Tech Earnings Explosion Highlights The Mounting Issues At Google And Tesla

Tech giants face a mound of turmoil as they prepare to report results this week.   Protests and reorganisations have occurred at Google, and Tesla recently revealed massive layoffs, price reductions, and a Cybertruck recall. Microsoft's OpenAI partnership is under increased scrutiny, and...

Trades In Bitcoin Ignore "Halving" In Favor Of More Significant Market Dangers

Though industry insiders said on Monday that the cryptocurrency's fortunes were more directly related to broader financial market emotions and geopolitics, the so-called halving event of Bitcoin has had little effect on its price thus far.   With the intention of reducing the rate at which...

Growing Hostilities In The Middle East Are A New Shock To Global Markets

World markets have been shaken by reports of an Israeli strike on Iranian territory that may spark a wider confrontation in the Middle East and quickly alter the course of everything from bonds to oil prices and inflation concerns.   Friday saw a decline in stocks, a temporary increase in...

Governments Need To Mediate Local Support For Miners, According To An Industry Organisation

The chairman of a well-known business group stated that more had to be done by governments around the globe to persuade indigenous and local communities to support mines that generate vital minerals needed to power the energy transition and combat climate change.   Opposition to mines is...

Large Banks, Headed By Citi, Keep Reducing Workers In Order To Save Money

The largest US banks continued to reduce staff in the first quarter, with Citigroup experiencing the largest decline. After the third-largest U.S. lender completed a comprehensive reorganisation targeted at increasing earnings and cutting managerial layers, Citi's workforce shrank by 2,000...

Low-Income Americans Are Being Targeted By Food Businesses Like Kraft-Heinz And Coke; Here’s How

Food manufacturers like Kraft-Heinz and Conagra Brands have redesigned their products and methods in response to years of price increases as Americans who depend on government assistance for food and other necessities are cutting back on their spending.   Sales volumes of many of the largest...

More Money Was Lost On Chinese And Hong Kong Stocks Since 2021 Than India's Market Capitalization

Since 2021, stocks in China and Hong Kong have sold off a whopping $4.8 trillion in market capitalization, which, according to HSBC, which exceeds the value of the stock market in India.   The National Stock Exchange of India has only increased during this same period, therefore the...

Morgan Stanley Says The Global Gas Surplus May Hit Highs Not Seen In Decades In The Upcoming Years

Following a warmer-than-expected winter, natural gas supplies are exceeding supplied, which has caused prices to plummet globally.   Liquefied natural gas had a recent boom in prices and earnings, which sparked a surge of investment in the industry. There is currently a "record wave of...

US Inflation Is Declining, And The Economy Is Supported By Consumer Spending

With the cost of goods and services other than housing and energy declining sharply in February, U.S. prices softened and the Federal Reserve's June interest rate decrease remained on the table.   The strength of the economy was highlighted by the Commerce Department's report on Friday,...

US Could Soon Release A List Of Chinese Chip Manufacturers Prohibited From Obtaining Technology

The US is compiling a list of sophisticated Chinese chip manufacturing facilities that are prohibited from obtaining critical supplies, according to reports quoting information from sources. This list is intended to assist businesses in limiting the transfer of technology to China.  ...

Over 20% Of The Worldwide Oil Refining Capacity Is At Risk, Shows A Research

More than a fifth of global oil refining capacity is at risk of shutdown, according to an estimate published on Thursday by energy firm Wood Mackenzie, as petrol margins fall and demand to limit carbon emissions grows.   Of the 465 refining assets examined, the consultant identified around...

US Farms Are Embarking On A Swift Drive Into Artificial Intelligence. It Might Help Feed The Planet

American farmers are rapidly using artificial intelligence. The technology is as advanced as it is necessary.   A farmer stands in a lovely green field in the American Midwest, pointing his smartphone at one of his soybean plants. He takes a photo of a pest crawling on a leaf and then...
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