Even before the panic triggered by new data from the US economy and Japan rocked global markets, bets were rising that the US central bank would start cutting interest rates in the autumn. Now it seems that an easing of the Fed's monetary policy is inevitable. Ben Carlson of investment firm Ritholtz Wealth Management looks at what lower rates co...
Elon Musk is no longer the world's richest person after shares in his company Tesla plunged 7.2 percent on Monday, knocking him off the top of the Bloomberg Billionaires Index. Jeff Bezos has become the world's new richest person. Musk now has a net worth of $197.7 billion, while Bezos' fortune stands at $200.3 billion. This is the first time...
The stock value of Uber, the alternative taxi company, has reached an all-time high. After posting a net profit for the first time since going public in 2019, the company announced a $7 billion share buyback plan. After the coronavirus crisis subsided and employees returned to work, Uber began to thrive again. Last year, it posted black numbe...
Nvidia's financial results for the last quarter of last year exceeded all expectations and redrew the economic map. The US chip giant reported a meteoric rise in profits to $12.3 billion, a jump of 769 per cent compared to the same period last year. Sales reached a respectable $22.1 billion, a dramatic increase of more than three times compared ...
Billionaire Mark Zuckerberg sold a portion of Meta's shares, the company that owns social networks like Facebook and Instagram, over the past two months of last year. Records from the U.S. Securities and Exchange Commission (SEC) revealed that he earned a total of $428 million (9.6 billion CZK) from these sales. This marked Zuckerberg's first...
The actor from the popular South Korean TV series recently became a key investor in an advertising company that uses artificial intelligence, causing an unprecedented upward wave that pushed the company's stock value up nearly 70% in just a few days. South Korean company Wider Planet, which specializes in producing advertising using artificia...
