Newsletter
Nvidia on the way to the trillion dollar mark
Nvidia Corp surged 24% on Thursday, one of the biggest one-day gains for a U.S. stock, after its impressive revenue forecast showed Wall Street has yet to adequately consider the breakthrough potential of AI.
Drought forces Kansas farmers to abandon wheat fields
Due to a severe drought and devastating cold, farmers in Kansas, the largest wheat producer in the U.S., have decided to abandon their crops. During a three-day tour of the state, Reuters found that they are deliberately spraying weedkillers on wheat fields …
Record fine for Facebook
Meta has been fined a record 1.2 billion euros ($1.3 billion) by the European Data Protection Authority over its handling of user information. The company has five months to stop transferring user data to the United States.
Ursula von der Leyen calls for G7 cooperation on green energy transition
G7 members should not compete against each other in the field of renewable energy, but work together to leverage technologies and secure safe sources of key minerals for a green transition. This was the call of European Commission President Ursula von der …
Russia allegations against Trump were conspiracy by Democrats
Special Prosecutor John Durham's long-awaited final report on the investigation into the Trump-Russia connection has been released and contains explosive findings. According to the report, the FBI and the Department of Justice failed to fulfill their …
Platinum market faces massive deficit: carmakers secure coveted metal
According to recent reports, the global platinum market is set to enter its largest deficit in years due to rising demand from automakers, the industry and investors. This marks a significant change in the trajectory of platinum and its sister metal palladium, …
British central bank raises key interest rate to combat inflation
The Bank of England (BoE) is continuing its fight against high inflation and has raised the key interest rate by a quarter of a point to 4.50 percent. This rate hike marks the twelfth since the end of 2021. At 10.1 percent, the inflation rate in the UK is at …
Gold prices stagnate ahead of US inflation data
Gold prices traded in a narrow range on Wednesday as traders awaited the release of U.S. inflation data, which was expected later in the day and could have implications for Federal Reserve policy. Spot gold was down 0.1% at $2,031.43 per ounce, while U.S. gold …
BioNTech: Cancer vaccines to counter profit slump
Mainz-based BioNTech suffered a massive drop in profits in the first quarter of this year as demand for Covid 19 vaccines declined. Compared to the previous year, profits fell by 86.4 percent to 502 million euros. But BioNTech already has plans in place to …
Oil prices rise due to economic optimism
Oil prices are on the upswing again after falling steadily over the past three weeks for the first time since November. Brent oil futures rose 43 cents, or 0.6%, to $75.73 a barrel on Monday, while U.S. West Texas Intermediate (WTI) crude futures also rose 45 …