Brazil’s telecommunications regulator made a bold move by suspending access to Elon Musk’s X social network in the country. This decision came as a way to comply with an order from a judge who has been entangled in a feud with the renowned billionaire. The popular social media platform failed to meet a court-mandated deadline
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China’s manufacturing sector experienced a significant slowdown in August, as indicated by the official factory survey. The purchasing managers’ index (PMI) dropped to a six-month low of 49.1, falling below the 50-mark that separates growth from contraction. This decline for the fourth consecutive month was unexpected, raising concerns about the state of the economy. The
Intel experienced an impressive 8.5% increase in its stock price due to news that the company is working with bankers to address weaknesses in its core business. This unexpected surge caught the attention of investors and analysts alike. It is essential to keep a close eye on Intel’s future strategies and decisions to see if
Dell recently reported quarterly results that exceeded Wall Street expectations, driven by an 80% increase in server sales. This surge in revenue led to a 9% increase in overall revenue compared to the previous year, reaching $25.03 billion for the fiscal second quarter. The company’s net income also soared, climbing 85% to $841 million. These
The Food and Drug Administration has recently authorized Novavax’s updated protein-based Covid vaccine for emergency use in individuals aged 12 and above. This approval paves the way for Novavax’s vaccine to compete with the current jabs offered by Pfizer and Moderna during the upcoming fall and winter seasons. Novavax’s vaccine is specifically designed to target
Warren Buffett, the legendary investor, turned 94 this week, and his conglomerate, Berkshire Hathaway, has reached unprecedented heights in terms of market capitalization. This achievement has led many in the investment world to reflect on the strategies and traits that have made Buffett the “Oracle of Omaha.” Howard Marks, a distinguished investor and friend of
The Labor Day weekend is anticipated to be lackluster this year, with the summer box office expected to reach only $3.6 billion according to Comscore. This figure is significantly lower compared to last year’s summer earnings of $4.09 billion. The decrease in revenue can be attributed to the absence of a major Marvel movie release
The Bank of Israel is facing a challenging economic environment characterized by rising price pressures and persistent geopolitical risks. Despite concerns over inflation reaching a 3.2% rate and ongoing conflicts such as the Gaza war, the central bank has maintained its benchmark interest rate at 4.5% for the fifth consecutive decision. Deputy governor Andrew Abir
Recently, Japan has been facing the wrath of Typhoon Shanshan, causing massive destruction and chaos across the country. The torrential rain and powerful winds have led to severe flooding, landslides, and the disruption of essential services. The situation is dire, with millions of people at risk and numerous fatalities already reported due to storm-related incidents.
As the tech earnings parade continues, Marvell Technology is making waves in the stock market. With better-than-expected revenue in the latest quarter, the stock saw an 8% increase after hours. However, Marvell is still down 18% from its March high, proving that the market can be quite volatile. The VanEck Semiconductor ETF (SMH) is also