The recent C-130 cargo plane food airdrop in Gaza, authorized by President Joe Biden, has sparked both praise and criticism. The operation, which involved dropping 66 bundles containing about 38,000 meals in southwest Gaza, was seen as an emergency humanitarian response after over 100 Palestinians died while trying to access aid from a convoy. Although
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Despite already low expectations, a significant portion of European companies missed earnings expectations in the latest reporting season. According to analysts, around 50.2% of companies posted a beat as of Feb. 29 with 313 companies having reported. This marks the worst earnings season since the first quarter of 2020 when the pandemic first hit European
Semiconductor firms, including industry giants like Taiwan Semiconductor Manufacturing Company (TSMC), are facing a potential risk of water shortages as processing technology continues to advance. These companies play a crucial role in manufacturing semiconductor chips that are utilized in various consumer devices ranging from smartphones to televisions. As technology progresses, the demand for more sophisticated
AirAsia, the well-known budget airline, is making a bold move by listing its brand management unit on the Nasdaq. This decision comes after finalizing a Special Purpose Acquisition Company (SPAC) merger. The company is aiming to tap into the U.S. market’s potential for franchise and licensing opportunities, despite being relatively unknown to the American audience.
The stock market saw some activity on Tuesday, with the S&P 500 and the Nasdaq Composite closing with modest gains. The S&P 500 edged up by 0.17% to 5,078.18, while the Nasdaq rose by 0.37% to end at 16,035.30. In contrast, the Dow Jones Industrial Average fell by 96.82 points, or 0.25%, to close at
The Biden administration is setting its sights on transforming the United States into a significant player in the production of cutting-edge semiconductor chips by the year 2030. Commerce Secretary Gina Raimondo emphasized that this initiative is crucial not only for increasing national security but also for generating more job opportunities. According to Raimondo, the goal
Artificial intelligence (AI) has been making waves in the smartphone industry, with major players looking to leverage AI technology to drive sales. The buzz around AI phones has been fueled by the launch of OpenAI’s ChatGPT in 2022, sparking interest in generative AI models capable of producing text, images, and more. Smartphone manufacturers are gearing
Nvidia experienced a remarkable 16% surge after releasing their robust earnings report and guidance, propelling the stock’s year-to-date run to an impressive 59%. This surge also briefly pushed the company’s market cap above $2 trillion. While investors continue to feast on artificial intelligence stocks, some analysts are questioning whether the stock’s valuation is justified given
In a remarkable turn of events, Grab, the Southeast Asian ride-hailing giant, announced its first-ever profitable quarter, reporting a profit of $11 million in its fourth-quarter earnings report. This impressive feat comes on the heels of a $391 million loss recorded during the same period a year ago. The company attributed this remarkable turnaround to
The Nikkei 225, Japan’s primary stock index, hit a record high on Thursday, driven by the strong performance of banking, electronics, and consumer stocks. This surge in Japanese equities is a result of both robust earnings and investor-friendly measures that have contributed to a blistering rally throughout the year. The index jumped nearly 2% to