Uber, the popular ride-hailing company, experienced a significant boost in its stock price as it was announced that it would be added to the S&P 500 Index. This move replaces Sealed Air Corp. and positions Uber as a prominent player in the market. This article delves into Uber’s journey, from struggling with cash burn to
World
In the 21st century, the world has relied on a delicate balance of power, with the United States, China, and Europe playing key roles in maintaining economic and political stability. However, since the departure of former German Chancellor Angela Merkel in 2021, Europe has experienced a noticeable absence of leadership on the global stage. The
Apple is reportedly seeking to end its credit card and savings account partnership with Goldman Sachs within the next 12 to 15 months. This move, if it were to happen, would mark the end of one of the most high-profile collaborations between a technology company and a bank. Apple would then need to find a
Venture capital investment in Europe’s tech industry took a significant hit in 2023, declining by 50% compared to the previous year. This downturn can be largely attributed to the lingering effects of high-interest rates, causing investors to shy away from funding opportunities. However, amid this decline, one category that stood out was artificial intelligence (AI),
Recent reports confirm that Ukrainian forces have successfully crossed the Dnieper river, a strategic front line that separates Ukrainian troops from Russian forces in the Kherson region. This breakthrough has raised hopes of further advances towards the Russian-annexed Crimea, potentially disrupting the land bridge established by Russia. Although described as a small but significant development
China’s health ministry has called on local authorities to take immediate action and increase the number of fever clinics amidst a surge in respiratory illnesses. This predicament arises as China experiences its first full winter season since easing COVID-19 restrictions. The severity of the situation became a global concern when the World Health Organization (WHO)
Argentina’s President-elect, Javier Milei, remains resolute in his pledge to close the country’s central bank, denouncing any speculations or rumors that suggest otherwise. In an official statement posted on social media platform X, Milei declared that the central bank’s closure is a “non-negotiable matter.” This controversial campaign promise has garnered significant attention and debate, as
The war in Gaza has left behind a trail of destruction, not only in terms of its buildings but also its fragile economy. The United Nations World Food Programme had already classified a majority of Gazans as food insecure, with limited access to affordable and nutritious provisions. However, the recent conflict has exacerbated the situation
Australia is currently grappling with a mutton glut, resulting in plummeting prices and significant challenges for farmers. The oversupply of sheep can be attributed to favorable weather conditions in recent years, which led to increased breeding and the accumulation of a massive sheep flock. However, this surplus has now become a burden for farmers who
After briefly falling to their lowest level in two months, yields rebounded, contributing to a rise in stocks on Wednesday. The Dow Jones Industrial Average saw a gain of 178 points, or 0.5%, while the S&P 500 climbed 0.4%. The Nasdaq Composite also advanced, with an increase of 0.5%. The positive momentum of the November