Category: Current Affairs
US Federal Reserve Holds Interest Rates Amid Lingering Inflation
Inflation Dogs the USA The US Federal Reserve has opted to delay interest cuts, keeping the interest rates at a 23-year-high, as a result of inflation dogging the US economy. Their interest rates are between 5.25% and 5.5%, constant for the past few months inflation has slowly increased to 3.7% (measured according to the Consumer…
Tesla and Baidu Team Up: Propelling Self-Driving Systems in China
Tesla Enters China Elon Musk and Tesla have reportedly struck a lucrative deal with China’s internet behemoth Baidu, according to Reuters. Baidu Inc., based in Beijing, is a multinational company that produces a variety of internet-related technology. It is the leading search engine in China. Tesla wishes to collaborate with Baidu for a different reason,…
Google Market Value at $2.2 Trillion After Dividend Payout
Alphabet, Google’s parent company, saw an increase in its share price of over 12% just before the market closed on Thursday, 26th April. It indicates a rise of $200 billion in market capitalization once the market opens the following Friday. It could raise the value of the Google market cap to $2.2 trillion. This comes after…
Tesla Releases Q1 Report: Underwhelming?
Tesla: Year-Over-Year Drop Tesla has just released their 2024 Q1 (first quarter) earnings report. Many experts regard it as the most disappointing financial turnout Tesla has seen for many years. Their year-over-year earnings saw the steepest drop from the last quarter since 2012. Many of their reports were below the expectations of analyst forecasts. Tesla’s…
Bank of England Forecasting: Missing the Mark?
The Bank of England’s Errors Over the past few years, the Bank of England have made many blunders when it comes to forecasting inflation and raising interest rates accordingly. Whether it be due to unforeseen circumstances, or outright sloppiness, the Bank of England have been getting it wrong. In November 2021, Bank of England governor…
The Price of Conflict: Economic Impacts of Potential Iran-Israel War
Take a Quiz on this Article: Over the weekend, Iran sent over 300 drones and missiles towards Israel. This was in retaliation to Israel’s airstrike in Damascus on the Iranian consulate, which killed two senior Iranian Generals. Although nothing severe has occurred yet, the threat of a full-blown war makes us consider its possible financial…
