Category Archives: Finance

Despite their skyrocketing fortunes from Nvidia’s soaring stock prices, many of the company’s employees find themselves caught in a relentless grind, with little time for leisure or relaxation. Since the beginning of 2019, Nvidia’s stock has skyrocketed by 31 times, driven by its global dominance in AI chips. This surge has turned numerous Nvidia employees […]

According to Clemens Fuest, President of the Ifo Institute for Economic Research, Germany’s economy is “deeply sinking into crisis” as production declines and business sentiment grows increasingly pessimistic. On August 26th, the Ifo Institute (Germany) released its Business Climate Index for August, which fell to 86.6 points, a slight decrease from the previous month. This […]

This year, the Japanese yen has experienced significant fluctuations, even reaching points of substantial weakening. However, analysts continue to regard the yen as a safe-haven asset despite these turbulent movements. On April 29th, the yen hit its lowest level in 34 years against the US dollar, with the exchange rate touching 160 JPY per USD. […]

The Chinese tech giant Xiaomi delivered over 27,300 electric vehicles in the previous quarter, yet the division still recorded a loss exceeding $250 million. On August 21, Xiaomi announced its Q2 revenue surged by 32% year-over-year, reaching 88.9 billion yuan (approximately $12.4 billion). This figure outpaced the forecasted 85.8 billion yuan, as per the financial […]

On August 22, the price of gold took a significant hit, shedding over $40 per ounce as investors moved to lock in profits ahead of a crucial central bank meeting. By the close of trading, the spot price of gold had fallen by $27, settling at $2,484 per ounce. At one point during the session, […]

As the precious metal reaches new heights, the price of a single gold bar has surpassed an astounding $1 million for the first time in history. On the global stage, a standard gold bar weighs in at 400 ounces, according to CNN. However, not every gold bar tips the scales at exactly 400 ounces. In […]

The past five years have painted a stark contrast between the world’s two largest aircraft manufacturers: Airbus, soaring with profits, and Boeing, grappling with near-constant losses. On August 8, Boeing appointed Kelly Ortberg as its new CEO. Formerly the CEO of Rockwell Collins, a prominent aviation technology company, Ortberg is renowned for his leadership skills […]

At 78 years old, Janet Albrecht has reluctantly swapped her beloved beef sandwiches for instant noodles, as her Social Security benefits in the U.S. haven’t kept pace with the relentless rise in inflation. Until just last year, Albrecht could still enjoy a hearty lunch with beef sandwiches or a refreshing tuna salad. However, the soaring […]

Josephine Wright is one of the 70 young women who spent nearly $10 to participate in an event, hoping to find the ideal roommate in the notoriously expensive city of London. “I’m a software engineer,” Wright shares, holding a cocktail as she introduces herself to another woman at a bar in West London. More than […]

The yen’s value plummeted last month, reaching a 38-year low against the USD, prompting Japanese officials to spend tens of billions of dollars on their second intervention this year. On July 31, official data from Japan’s Ministry of Finance revealed that in July, authorities spent 5.53 trillion yen (36.8 billion USD) to bolster the yen’s […]