The recent years have seen steep interest rate hikes by the Federal Reserve in an attempt to slow down the U.S. economy. However, contrary to expectations, these hikes have not had a significant impact on the overall economy. The economy has continued to grow at an annualized rate of over 2% in most quarters since
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The energy sector has been one of the worst-performing sectors in the market in recent months. As of now, it is 13.4% from the April 5th 52-week high. This decline is reflected in the performance of individual energy companies such as EQT, Coterra, APA, Halliburton, Occidental, ExxonMobil, and Chevron. EQT, for example, has seen a
Japan’s stock market experienced a decline on Wednesday, with the Nikkei 225 dropping by 1.63%. The losses were primarily driven by sectors such as Textile, Power, and Shipbuilding. Despite the overall decline, there were a few companies that stood out as top performers. Eisai Co., Ltd. (TYO:4523) saw an increase of 1.43%, with its stock
Policymaker Junko Nakagawa of the Bank of Japan recently stated that the central bank will persist in increasing interest rates if inflation progresses as projected. Nakagawa emphasized the importance of considering the potential consequences of market volatility on the economy and prices before deciding on further rate hikes. Despite ending negative interest rates in March
As Los Angeles gets ready to host the 2028 Summer Games, Mayor Karen Bass is already looking at ways to enhance the city’s infrastructure. One of the key areas of focus is public transportation, with a goal of reducing cars on the road to the venues. This initiative will require investments in bus and subway
REA Group, a prominent Australian property listing firm, recently made a bold move by offering 5.6 billion pounds in cash and stock to acquire Rightmove, the largest real estate portal in Britain. However, Rightmove shockingly rejected this lucrative offer, leaving many market analysts puzzled by the decision. By turning down REA Group’s proposal, Rightmove might
Last week marked the Broadway debut of Robert Downey Jr., who starred in the play “McNeal” at Lincoln Center’s Vivian Beaumont Theater. The previews for the play were a huge success, with all four shows being sold out and grossing an impressive $746,230. Directed by Bartlett Sher, the play revolves around Downey’s character, a Pulitzer
Larry Ellison, the chairman and co-founder of Oracle, shocked investors this week with a bold announcement regarding the future of the company’s data centers. In a recent earnings call, Ellison revealed that the increasing demand for electricity due to artificial intelligence has led Oracle to consider utilizing next-generation nuclear technology to power their facilities. Ellison
In a surprising move, Southwest Airlines announced that executive chairman and former CEO Gary Kelly will be retiring next year, marking the end of a nearly four-decade-long career at the airline. This decision comes amidst pressure for changes from activist investor Elliott Investment Management, who has been vocal about the need for leadership changes at
The U.K. is facing a significant challenge when it comes to effectively commercializing technology businesses on a global scale. Warren East, former CEO of Arm, highlighted the lackluster growth and poor rates of GDP per head in the country as a source of national embarrassment. He emphasized the tendency for successful firms in Britain to