Along with better-than-expected earnings, Meta on Wednesday reported record capital expenditures that hit $14.8 billion in Q4 of 2024 and $39.2 billion for the full year. The company also said that it expects to spend up to $65 billion on the same item…
A survey conducted by market research specialist Ipsos in December 2024 shows that more than half of all polled U.S. adults don’t know what a tariff is. Only 45 percent chose the correct answer, which is a form of tax imposed on imports from other coun…
There’s a popular meme that perfectly explains Nvidia’s meteoric rise from just another chipmaker to most valuable company in the world – all in less than two years. The meme shows three gold diggers – Microsoft, Alphabet and Meta – and a fourth person…
Chinese company DeepSeek disrupted the AI market with the launch of its R1 model last week. As a result, the Nasdaq fell by 3 percent over the course of Monday, driven by losses of chip maker Nvidia of 17 percent. A research paper published along with …
Frustration with the state of the economy was the main driver behind Donald Trump’s return to office. According to exit polls, 80 percent of voters who considered the economy the most important issue in the 2024 election voted for Trump, as more than t…
Chinese industrial profits, also referred to as Chinese corporate profits, have decreased for the third year in a row, a release showed last week. Overall profits sank once more to a converted $912 billion, a decrease of 4.7 percent, between January an…
After a long delay, embattled Chinese property developer Country Garden published full year figures for 2023 last week. The result are as bad as expected – a loss of more than $24 billion annually is the second biggest the property sector in China has …
GDP growth: steady. Unemployment: low. Inflation: under control. Stock market: near historical highs. The economy that Donald Trump is inheriting from his predecessor Joe Biden is doing quite well on paper. In fact, despite inflation heating up slightl…
The largest blemish on Joe Biden’s economic legacy is the fact that, despite robust growth, low unemployment and a roaring stock market, many Americans felt worse off during his presidency than they did before. One of the reasons behind this seeming di…
The National Statistics Bureau of China has released the latest population figures which show that the Chinese population has shrunk for the third time in a row after decades of growth. Around 1.4083 billion people lived in China at the end of 2024, do…