Trump is pushing the Fed to make money cheaper. But clams may make life more expensive for Americans
Donald Trump's trade policies, especially the imposition of tariffs, will weigh on US consumers in the long run, according to most members of the US Federal Reserve (Fed). These developments may affect the Fed's stance on interest rate changes. Their decisions will also affect foreign investors, including Czech ones, who have money in the US mar...
What would you do if you had a time machine? Would you bet on winning lottery numbers, buy shares in Apple - or try your luck with cryptocurrencies when no one has ever heard of them? That's exactly what Norwegian student Kristoffer Koch did - albeit quite unintentionally. In 2009, while writing his thesis on cryptography, he came across the ...
Not long ago, Groupon was considered a relic of the internet era, but today it's making a surprising comeback. Its shares have significantly exceeded analysts' expectations, mainly thanks to the intervention of Czech investors from the Pale Fire Capital group. They restructured the company and now believe it is ready to start growing instead of ...
Czech fintech startup Flowpay has scored a significant success. The London-based investment company Fasanara Capital will provide it with an injection of EUR 30 million (approximately CZK 755 million). The startup specialises in lending to smaller companies that often would not have a chance of getting funding from traditional banks. A new ap...
Apple is about to fix a bug in its iOS operating system that caused iPhones to automatically replace the word "racist" with "Trump" when dictating text. The problem quickly spread on social media, particularly on TikTok, where users shared videos showing their phones unexpectedly editing dictated text. According to Apple, the confusion was ca...
The United States is planning a major investment in data and energy infrastructure focused on artificial intelligence. President Donald Trump, along with representatives of OpenAI, Oracle and SoftBank, announced the launch of the $500 billion Stargate project. At the press conference, Trump stressed that the field of AI is experiencing rapid ...
In China's Hunan province, geologists have discovered an extraordinarily large gold deposit containing more than 1 000 tonnes of the precious metal. The discovery could have a major impact on the global gold market, as estimates suggest that the value of these reserves exceeds USD 87 billion. The discovery, reported by the Chinese media and conf...
Prague, 1 October 2024 - Tomáš Čupr, the well-known Czech entrepreneur and founder of Rohlik, is actively involved in the restructuring of Pilulka through his manager Peter Klekner, whom he has appointed as interim CEO. Klekner, who now heads the investment group TCF Capital, will be tasked with stabilising Pilulka and overcoming its current pro...
Forbes has published its annual ranking of the 100 richest Czechs and this year's ranking brings several interesting changes. Although the top three positions have remained the same, Andrej Babiš, who has regularly ranked in the top five in previous years, has dropped to seventh place this year. His position was taken by Radovan Vítek and Mic...
