Goldman Sachs’ David Kostin is optimistic about this year’s earnings despite concerns about margin pressures due to higher inflation. He notes that a significant percentage of companies have already reported their earnings for the season, with the majority exceeding expectations on the bottom line. Kostin believes that companies are managing to maintain their margins and
World
The tech sector is currently experiencing a period of uncertainty, with the chief executive of Norway’s sovereign wealth fund expressing concerns about the “froth” in the market. As tech giants such as Tesla, Meta, Microsoft, and Google parent Alphabet gear up to release their earnings results, investors are eagerly awaiting to see how these companies
The recent historic rains in the United Arab Emirates caused chaos at Dubai’s airport, leading to the grounding of hundreds of flights and leaving thousands of passengers stranded. In response to this situation, the CEO of Emirates airline, Tim Clark, issued an apology letter to customers over the weekend. Admitting Imperfection Clark acknowledged the airline’s
Russia has recently expressed strong disapproval of the U.S. government’s decision to allocate an additional $60.84 billion in support for Ukraine. This move has led Russian officials to believe that the United States is getting increasingly involved in a hybrid war with Russia, ultimately leading to a humiliating defeat comparable to past conflicts such as
The Bitcoin network recently completed its fourth “halving,” marking a reduction in miner rewards from 6.25 bitcoins to 3.125 bitcoins. This event has sparked volatility in the price of bitcoin, with a 4% drop this week to trade around $64,100. While the halving itself should not directly impact the price of bitcoin in the short
The recent strike carried out by Israel on Iran has sent shockwaves through the Middle East, sparking fears of an expanding war in the region. The limited military operation conducted by Israel has raised concerns about the effectiveness of the strike and the potential damage caused. This has led to a significant jump in oil
China’s Ministry of Commerce strongly condemned the U.S. investigation into its maritime, logistics, and shipbuilding industries, labeling it as a “mistake on top of a mistake.” The ministry argued that the U.S. itself provides significant amounts of discriminatory subsidies to its domestic industries while accusing China of unfair practices. The Chinese ministry emphasized that the
The recent data released by Singapore’s government business development agency, Enterprise Singapore, has revealed a sharp decline in non-oil domestic exports in March. This unexpected plunge of 20.7% has raised concerns among economists and policymakers, signaling potential challenges for Singapore’s economy. The significant fall in non-oil domestic exports can be attributed to various factors. Firstly,
Federal Reserve Chair Jerome Powell recently expressed his concerns about the current state of inflation, suggesting that interest rates may need to remain higher for an extended period to combat rising prices. Powell acknowledged that there has been little progress in curbing inflation this year, despite solid growth and strength in the labor market. He
The Asia-Pacific markets experienced a decline on Monday as traders started to assess the consequences of Iran’s significant drone and missile attacks on Israel over the weekend. President Joe Biden characterized the attack as “unprecedented”, which led to a heightened sense of uncertainty among investors. The U.S. intervened to help Israel intercept most of the