On Monday, Nvidia’s stock experienced a notable decline, officially entering correction territory. While the Nasdaq Composite soared to new heights, Nvidia, often regarded as the face of AI chip technology, struggled, ending the day down by 1.7%. This dip marked a significant turning point for a company that had previously surged an astonishing 166% throughout
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As awards season approaches, the film industry prepares to spotlight remarkable stories that resonate with audiences worldwide. Among them is **From Ground Zero**, a Palestinian documentary that has garnered critical acclaim and has been shortlisted for the Academy Award for Best International Feature. This film is set to debut in approximately 70 AMC locations across
In a significant advisory issued on Friday, U.S. Surgeon General Dr. Vivek Murthy highlighted the alarming connection between alcohol consumption and an increased risk of cancer. This announcement is a wake-up call to the American public, urging individuals to reconsider their drinking habits in the light of compelling scientific evidence linking alcohol to at least
In a significant turn of events, shares of U.S. Steel plummeted nearly 8% following President Joe Biden’s decision to block the $14.9 billion acquisition attempt by Japanese company Nippon Steel. Biden’s statement underscored the administration’s commitment to maintaining the integrity of America’s steel industry as a matter of national security. This move illustrates the delicate
Recent data reveals a concerning trend for international smartphone brands in China, particularly evident in the numbers from November. According to calculations based on the China Academy of Information and Communications Technology (CAICT), foreign mobile phone shipments plummeted to 3.04 million units, reflecting a staggering 47.4% decrease compared to November 2022. This decline is not
As the U.S. stock index futures indicated modest gains on Friday morning, investors are positioned on a tightrope, anxiously waiting for new economic data. The faint upward movement in the futures market—with Dow E-minis climbing 85 points (0.20%), S&P 500 E-minis gaining 16.25 points (0.27%), and Nasdaq 100 E-minis rising 85.25 points (0.40%)—suggests a fragile
The latest figures from Bank of America demonstrate substantial growth in App Store revenues, which surged by 15% year-over-year in the first quarter of fiscal 2025, amounting to an impressive $8.1 billion. This growth trajectory is indicative of the increasing value that digital applications bring to consumers, highlighting a robust market that is not merely
Tesla, the electric vehicle giant, has long been positioned as a leader in automotive innovation, yet the recent fourth-quarter performance of the highly anticipated Cybertruck calls this narrative into question. Despite aggressive price cuts, Tesla managed to deliver around 15,000 Cybertrucks during the quarter and an estimated total of just 35,000 to 40,000 units for
Turkey’s economic landscape has witnessed significant transformations as of December 2023. Recent data from the Turkish Statistical Institute revealed that the annual consumer price inflation has decreased more than anticipated, settling at 44.38%. This marks a notable downturn from the previous month’s figure of 47.09%. The fluctuations in inflation rates are critical indicators for policymakers,
In a notable shift that might redefine the landscape of China’s economic management, the People’s Bank of China (PBOC) has signaled an intention to implement interest rate cuts as early as 2025. This development, as reported by the Financial Times, is a reflection of the central bank’s evolving policy framework that seeks to foster a