Next week, investors are eagerly awaiting the earnings reports of several companies as the busiest week of this earnings season approaches. With almost a third of the S&P 500 companies scheduled to announce their results, market observers are particularly interested in the performance of tech giants Apple and Amazon, as well as chipmakers Qualcomm and
World
During the Covid-19 pandemic, the global chip supply chains and production were severely disrupted, leading to a shortage of semiconductors. The surge in demand for products like PCs and smartphones, as people stayed at home, caused an increased need for semiconductors, including memory chips. This shortage affected various industries, resulting in a lack of products
China’s surprise announcement to reopen its borders in late 2022 left the travel industry wondering if they were prepared for the influx of travelers. However, the reality was different as many residents chose to stay home due to personal preferences or the difficulties and costs associated with leaving the country. Wolfgang Georg Arlt, founder and
Chinese stocks experienced a significant surge on Tuesday following Beijing’s commitment to implementing measures to strengthen the country’s struggling economy. The Hang Seng Index in Hong Kong saw an impressive increase of over 3%, the ChiNext, which consists of technology-heavy companies in China, rose by 1.8%, and the Shanghai Composite Index also grew by 1.81%
Elon Musk, known for his fascination with the letter X, is making a bold move by phasing out the Twitter brand and its iconic blue bird logo in favor of X. This decision is part of Musk’s plan to transform his $44 billion acquisition into something that truly reflects his vision. He envisions X as
The shares of electric automaker Tesla experienced a significant drop of nearly 10% on Thursday. This decline came as investors became disenchanted with the imprecise remarks made by CEO Elon Musk and other executives regarding the company’s latest vehicle, the Cybertruck, as well as their plans for a robotaxi-ready car. The performance on this particular
China reported on Monday that its gross domestic product (GDP) for the second quarter grew by 6.3% compared to the previous year, falling short of expectations. This figure represents a slower pace of growth from the first quarter, with a 0.8% increase. Analysts had predicted a 7.3% rise in GDP for the second quarter. The
Stock futures remained relatively unchanged during Sunday evening trading as investors prepared for a busy week filled with corporate earnings reports. Futures tied to the Dow Jones Industrial Average dipped slightly by 0.1%, or 30 points, while S&P 500 futures slipped by 0.08%. Futures connected to the Nasdaq 100 experienced a marginal decrease of 0.05%.
Marketa Vondrousova’s journey to the All England Club this year was a stark contrast to her previous visit. Last year, she was unable to play tennis due to a cast on her left wrist, and her time at Wimbledon was limited to sightseeing and supporting a friend. However, this year was different. Vondrousova, a 24-year-old
A significant convoy carrying fighters from the Wagner private army was spotted entering Belarus from Russia on Saturday morning, according to a report from the independent monitoring group Belaruski Hajun. The group, which tracks the movements of armed forces in Belarus, revealed that approximately 60 trucks, buses, and other large vehicles accompanied by Belarusian police