The realm of artificial intelligence (AI) is not limited to tech giants like Nvidia and Meta Platforms. There are opportunities for various industries to capitalize on AI advancements and boost their productivity and profitability. Nancy Tengler, CEO and CIO of Laffer Tengler Investments, emphasizes the potential for old economy companies to embrace digital transformation and
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Recently, Apple made headlines by approving Epic Games’ developer account in Sweden. This decision will enable Epic Games to introduce a competing app store on iPhones in Europe, in compliance with the new antitrust regulation known as the Digital Markets Act. The approval came after a series of disputes between the two companies, with Epic
The European Central Bank recently made a significant announcement regarding its inflation forecast and interest rates. ECB President Christine Lagarde confirmed that there would be no change in interest rates, which was widely anticipated. However, the bank also lowered its annual inflation forecast, signaling potential challenges ahead for the Eurozone economy. The staff projections for
Apple’s iPhone sales in China have experienced a significant drop in the first six weeks of 2024, as reported by Counterpoint Research. This decline can be attributed to stiff competition from local smartphone brands such as Huawei, Oppo, Vivo, and Xiaomi. In this article, we will delve into the reasons behind Apple’s struggle in the
China’s economy faced a slow recovery from the Covid-19 pandemic in 2023, with a 5.2% growth rate in gross domestic product. This was lower than many had expected due to various factors such as a prolonged slump in the real estate market and falling global demand for Chinese exports. As a result, levels of consumer
In a recent development, heavyweights Saudi Arabia and Russia have decided to extend their voluntary crude supply cuts until the end of the second quarter. This decision will have a significant impact on the global oil market, as these two countries are among the largest producers in the world. Saudi Arabia, in particular, will continue
The latest reporting season for European companies has been a disappointing one, with around half of the companies missing earnings expectations. Despite already low expectations, analysts have noted that this season has been particularly challenging. The percentage of companies that posted a beat was the smallest since the first quarter of 2020 when the pandemic
The semiconductor industry, including companies like Taiwan Semiconductor Manufacturing Company, faces potential water shortages as technology progresses. As S&P Global Ratings highlighted in a recent report, semiconductor chips play a crucial role in various consumer devices, ranging from smartphones to televisions. TSMC, one of the leading contract chipmakers globally, produces advanced processors for major companies
AirAsia, the well-known budget airline founded by Tony Fernandes, is gearing up to make its mark on the Nasdaq by listing its brand management unit. With a recent SPAC merger in the pipeline, the airline aims to introduce franchise and licensing opportunities to a U.S. audience that may not yet be familiar with the company.
The stock market closed Tuesday’s session with mixed results as investors awaited crucial inflation data scheduled to be released later in the week. The S&P 500 saw a minor increase of 0.17%, closing at a value of 5,078.18. On the other hand, the Nasdaq Composite gained 0.37% to finish at 16,035.30. Conversely, the Dow Jones