economy

Intel will deploy over a $10 billion cost-cutting plan to strengthen its balance sheet and accelerate plans for AI chips and the foundry business.

Michael Cembalest sees the driverless car backlash coming from citizens, the Russia-Ukraine war continuing despite Russia losing two-thirds of its tanks, and more severe power outages in the US.

High inflation and rising California fires have led State Farm to propose homeowners insurance rate hikes. At the same time, many insurers remain hesitant to return to the state due to rapid climate change.

Since the S&P 500's inception in 1957, there have been 16 presidential elections, half of which had incumbents running for their second terms.

The Nobel laureates think former President Donald Trump's re-election will reignite inflation and have a destabilising effect on the US economy.

Steve Eisman believes that the demand for AI and infrastructure is pushing the economy to new heights, and Apple has a central role in it.

Leading chipmaker and AI player Nvidia announced a 10:1 stock split for the company's common stock that will take place on June 7.

JPMorgan CEO Jamie Dimon thinks the odds of a recession are higher than people think despite markets reaching record highs and the consensus rooting for a sustained bull run.

Billionaire Ray Dalio's fund boosts tech holdings to 17% of the total portfolio in Q1 by investing heavily in Nvidia, Alphabet, Apple, Microsoft, Meta, and Amazon.

Cathie Wood splurged millions in biotech this year on strong clinical progress, AI adoption, sales growth, wider outreach, and steady product pipelines.

Renowned investor Ken Griffin upped his stake in Amazon rapidly as the tech firm continues to leverage AI in AWS and e-commerce to boost sales and net income.

Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.

Analysts share how overvalued AI companies, tech adoption, higher rates, inflation, and growing corporate earnings affect stock and bond returns in the future.

Blacklisted debtors in China may feel trapped in the system as the government can hold their salary to recoup the money they owe.

As a senior manager at a pharmaceutical firm, Angela Bolt's student loans began at $34,000, but have grown to an overwhelming $528,152 over the years.

Walmart now charges customers £76 ($98) per year for access to self-checkout lanes, sparking debate over anti-theft measures versus revenue generation.

According to the Kiel Institute for the World Economy, since Russia launched its full-scale invasion of Ukraine in February 2022, the US has provided Ukraine with $74.3 billion in aid.

Eastern Europe's economic development hinges on the continued leadership of the private sector, driving progress and prosperity in the region.

While recessions of the past, notably during the global financial crisis of 2008-2009, were protracted and severe, indications suggest that this downturn may be milder and short-lived.

The agreement, which covers the majority of goods, is extended for an additional five years, providing much-needed economic support to Ukrainian businesses impacted by the war.

According to official data published by the National Bureau of Statistics, China's consumer price index fell by 0.8 per cent in January 2024, compared to that of January 2023.

North Korea imposed one of the world's most stringent lockdowns four years ago. 

The notable 33 per cent decrease in the overall value of mergers and acquisitions deals involving UK firms amounts to £207 billion throughout 2023.

Rightmove foresees sellers having to adopt more competitive pricing strategies in 2024 to secure transactions.

Nissan has announced a groundbreaking £2 billion investment to expand electric vehicle (EV) production in Sunderland.

Sunak is scrapping free NHS prescriptions that have been a vital lifeline for individuals with chronic conditions, low-income families, and the elderly.

Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.

Delve into the financial intricacies of the online casino world, uncovering revenue models and investment trends.

Rising costs, affordability concerns, and economic uncertainty impact the housing market, with interest rates now standing at five per cent in the UK, the highest level since April 2008.

Generative AI is poised to unleash the next wave of productivity, according to a new report stating that it could add the equivalent of $2.6 trillion to $4.4 trillion annually across 63 use cases.