U.S. Retail Sales Smash Estimates
Retail sales increased more than expected in January, despite rising inflation. According to the Commerce Department, sales for the month rose by 3%, exceeding the expected rise of 1.9%.
Go Deeper (2 min read)A Shallow Recession?
The International Monetary Fund has even increased their prediction for global growth in 2023, and the once inevitable European recession is now not seen as such a big concern.
Go Deeper (2 min read)Adani's Troubles
The crisis was caused by a report from U.S. short-seller Hindenburg Research accusing Adani of stock manipulation, excessive debt, and use of tax havens.
Go Deeper (3 min read)Greenlight Capital Stages A Comeback
Greenlight Capital saw a return 36.6% for 2022 thanks to its strategy of shorting overpriced technology stocks. The Nasdaq Composite index, which is heavily weighted toward technology, fell 33%.
Go Deeper (4 min read)Self-Driving Hasn't Arrived Yet
Despite lofty claims of having running fleets of autonomous vehicles by the start of the 2020s, automotive producers and robotaxi startups have to re-adjust their clams.
Go Deeper (2 min read)
ChatGPT, The New Web3?
OpenAI, the research facility behind the popular ChatGPT chatbot, is in discussions to sell its current stock in a tender offer that would value the company at around $29 billion?
Go Deeper (3 min read)
2023, Time For A Recession?
Even though this recession may be one of the most expected in history, it could still be painful.
Go Deeper (2 min read)
Broadcom, Hard To Beat
Broadcom is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Its 50-years history dates back to diverse origins from HewlettPackard Company, AT&T, LSI Corporation and Symantec Enterprise Security.
Go Deeper (7 min read)
The Big Tech Stumble
Investors flocked to technology companies' shares over the previous ten years, betting on their upward trajectory due to their mouth watering revenue growth and solid long term prospects.
Go Deeper (2 min read)
U.S. Home Sales Fell 7.7%
As a result of high mortgage rates and home prices, which drove many potential buyers out of the market, existing-home sales in the United States fell for a record 10th consecutive month in November.
Go Deeper (2 min read)
High Profile IPOs At Risk
Numerous businesses that went public while the IPO market was thriving have had such severe setbacks that they are now faced with the sobering possibility that their shares will never recover.
Go Deeper (2 min read)
