In a move that sent shockwaves through the financial market, Alphabet Inc. saw its shares plummet over 9% in after-hours trading following the release of its fourth-quarter earnings report. While the company managed to eclipse third-quarter earnings expectations with a slight increase in earnings per share (EPS), it struggled to meet revenue forecasts, raising questions
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The Eurozone has recently experienced notable fluctuations in inflation rates, capturing the attention of economists and the general public alike. In January, the inflation rate surged to 2.5%, surpassing both expectations and the previous month’s figures. Initial forecasts by economists polled by Reuters anticipated a retention of the December rate of 2.4%. This uptick has
As the financial markets entered a new trading month, stock futures exhibited a notable decline, sending a clear signal of investor trepidation regarding escalating trade tensions. The Dow Jones Industrial Average futures contracted by 528 points, reflecting a drop of 1%. Similarly, the S&P 500 futures fell by 1.9%, while the Nasdaq-100 futures experienced an
In a recent development, Singapore’s Ministry of Trade and Industry (MTI) reaffirmed its commitment to U.S. export controls in light of concerns stemming from allegations regarding the Chinese AI company DeepSeek. The tech industry grappled with uncertainty after DeepSeek declared that its AI model could outperform the renowned OpenAI model at a significantly lower training
Amid a backdrop of persistent rumors and negotiations, the White House made a significant announcement that will undoubtedly reshuffle the landscape of international trade for the United States. President Donald Trump has decided to impose stringent tariffs on major trade partners, including Mexico, Canada, and China. This decision, communicated through White House Press Secretary Karoline
In a notable development, British oil major Shell has announced a considerable downturn in its annual profits for the year 2024. The company’s adjusted earnings fell to $23.72 billion, which marks a decline from the previous year’s $28.25 billion. This significant decrease prompts a deeper exploration of the factors contributing to the lower financial performance
Norway’s Government Pension Fund Global, known as the largest sovereign wealth fund globally, has recently demonstrated impressive financial performance by achieving a remarkable profit of 2.5 trillion kroner (approximately $222.4 billion) for the year 2024. This substantial profit marks an increase over the previous year’s record of 2.22 trillion kroner. With such significant returns, the
The landscape of artificial intelligence (AI) has taken a dramatic turn recently, particularly impacting Nvidia, a company that has established itself as a cornerstone of the AI landscape. On one hand, Nvidia witnessed a slight recovery in its stock prices on Tuesday by 2.5%, but this was following an unprecedented market event that saw its
In a recent turn of events, Japan’s semiconductor stocks have been adversely affected due to growing competition from the Chinese AI startup DeepSeek. As DeepSeek positions itself as a viable contender in the artificial intelligence realm, it raises critical questions about the future strategies of Japanese tech companies that are intricately tied to the U.S.
In recent weeks, Germany has witnessed a surge of public unrest as tens of thousands took to the streets in various cities to protest against the rising influence of the far-right Alternative for Germany (AfD) party. This popular discontent is primarily directed toward the AfD’s xenophobic and anti-immigrant rhetoric, which has gained traction following the