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US Gold Reserves Hit $1 Trillion in Value After Record Rally
The value of US gold reserves has topped $1 trillion as prices reach record highs, sparking debate over whether to revalue them.
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Larry Ellison overtook Musk as world’s richest person
Larry Ellison briefly surpasses Elon Musk as the world’s richest man, with Oracle’s growth and ties to politics, media, and technology shaping his influence.
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Around 88% of U.S. millionaires are self-made
According to a 2012 study by Fidelity Investments, 86% of millionaires consider themselves self-made, having accumulated their wealth through investments, capital appreciation, salaries, corporate stock options, and profit-sharing plans.
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UK's Deliveroo gets $3.6 billion buyout proposal from DoorDash
On April 5, U.S. meal delivery company DoorDash made a proposal to acquire all of Deliveroo's shares for 2.7 billion pounds ($3.60 billion).
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US egg prices hit a record high of $4.95
Egg prices have reached a record high in the U.S. due to an ongoing bird flu outbreak. The latest consumer price index indicates that the average cost of a dozen Grade A eggs in U.S. cities hit $4.95
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Banks Lend $18 Billion for Oracle-Tied Data Center in New Mexico
A group of 20 banks has joined forces to provide $18 billion in financing for a massive Oracle-linked data center in New Mexico, marking another major move in the U.S. AI infrastructure race.
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BlackRock Exits Net Zero Initiative
BlackRock, the world’s largest asset manager with $11.5 trillion under management, has announced its departure from the Net Zero Asset Managers Initiative (NZAMI).
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china open first ai hospital with robot
China has opened the world’s first AI-powered hospital, capable of treating thousands of patients daily and transforming both healthcare delivery and medical education.
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Gold Surges to New All-Time Highs Following Tariff Announcements
The price of gold has skyrocketed to new all-time highs, surging over 2% in the past three sessions and reaching $2,800 per ounce. This bullish momentum is fueled by escalating market uncertainty surrounding the potential onset of a new global trade war.
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Apple May Be Secretly Testing Starlink Satellite Connectivity for Select iPhone Users
Apple, T-Mobile, and SpaceX are reportedly working together to bring Starlink satellite connectivity to iPhone users, potentially adding another satellite option for those who need coverage beyond traditional networks. According to a recent report, this feature is currently in beta testing for a limited number of T-Mobile customers.
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EU fines Apple and Meta for breaking Europe’s digital rules
The European Commission has fined Apple €500m and Meta €200m for violating fair competition and user choice regulations under the EU's Digital Markets Act (DMA).
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nvidia overtaces microsoft as the worlds most valuable company
Nvidia has overtaken Microsoft to become the most valuable company in the world by market capitalization, reaching $3.45 trillion.
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Google fined $314.6 million for collecting Android user data
Google fined $314.6 million for collecting Android user data without consent.
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IPhone Falls Behind as Android Gains 136% More Users
Android leads globally with 72% of the smartphone market, but iPhone users show higher engagement, income, and app spending.
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Elon Musk buys $1 billion in Tesla shares
Elon Musk buys $1 billion in Tesla shares, restoring confidence and reversing losses after a turbulent year.
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Current Situation of Nvidia (NVDA)
Despite exceeding analysts' expectations for its fourth-quarter earnings, Nvidia (NVDA) is facing selling pressure in Thursday’s session. This behavior may indicate that the market had already priced in the strong results or that concerns about the company’s future outlook persist despite solid numbers.
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Nvidia Beats Expectations with $39.3 Billion in Revenue
Nvidia closed the fourth quarter of 2024 with financial results exceeding Wall Street expectations, reinforcing its position as a leader in the semiconductor and artificial intelligence industries.
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US Dollar Drops 10% Since Trump Took Office
The U.S. Dollar Index has slipped from 109.29 on Trump’s inauguration day, January 20, to 98.07 as of Thursday a decline of roughly 10%.
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Mercedes-Benz Implements Cost-Cutting Strategy
German luxury carmaker Mercedes-Benz has announced a sweeping cost-cutting plan in response to dwindling sales and profit margins, forecasting a significant drop in earnings for 2025. The company aims to navigate an increasingly competitive market landscape, particularly in China and Europe, where demand has softened.
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Deepseek sinks tech and microchip stocks as Nvidia and Microsoft
A Chinese startup has shaken the tech world with the launch of an advanced and free language model, raising questions about the future of American dominance in the artificial intelligence sector. This breakthrough immediately disrupted financial markets
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