Business News
Wind and Solar Power in Demand for Electricity Generation
Wind and solar power are regaining their position in the energy field with high-rising hopes day by day. It accounts for almost 39 percent of global electricity combined with renewables and nuclear in 2023.
According to the reports by Ember's Fourth…
Apples’ First Quarter Earnings Shows the Market Profit within Challenging Environment
iPhone sales are growing day by day. Thus, it is making the business grow as Apple noted better results than expected for the second fiscal quarter, May 2023. For the initial three months of the year, USD 24.2 billion is posted in net profit on…
No Pause in Raising Interest Rates from Fed’s Side Amid Banking Turmoil
U.S Fed decided to stay strong and to keep raising the interest rates to fight against the inflation. Fed chairman, Jerome Powell in a two-day meeting of the Federal Open Market Committee (FOMC), announced a hike of 0.25 percent recently by bringing…
Fall in Airbnb Stocks After the Company Forecasts Revenue Slowdown in 2023
Airbnb (ABNB), a service that lets property owners rent out their spaces to travellers , observe a fall , fall in its stocks as it expects bookings and average rates of stocks to decline in the second quarter of 2023 when compared to 2022.
In the…
Inflation Rate for Food in Latin America
Food is the most significant contributor to inflation in Latin America and the Caribbean (LAC). In Venezuela, the inflation rate is high for the food of Latin America, as per the data by the Food and Agricultural Organization of the United States…
Gold Prices Soar Up in the First Quarter of 2023
The global banking system is a crisis hit due to many geo-political problems. Gold is the only asset that has given good returns to investors more than their expectations. Due to instability in the global economy, gold prices rose, which is an…
Inflation Stays Stable in April 2023
New Features Launched by Twitter
Twitter’s new feature is helping it to gain more popularity. Recently, it has launched italic and bold formatting. It has also begun to offer a subscription product for the users who want to provide for the paid subscriber only content to followers.
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China is the Main Trading Partner of Brazil
The main trading partner of China is Brazil. The reports say, China is accounting for the 31.3 percent of Brazil’s exports. The United States followed the next with 11.2 percent, in Argentina 4.2 percent and in the Netherlands 3.3 percent. In 2023,…
India’s Biggest Trading Partner is the United States
India’s biggest trading partner on account of increasing economic ties in between two countries is the United States.
The United States emerged as the emerged as the biggest trading partner in 2022-2023. As per the reports, the provisional data of…
Global Scenario of Inclination Towards Startups in Business
Economic condition of every country is changing with new initiatives in the field of business. The world of business economy a new law of startups has been started to be an independent entrepreneur yet contributing towards the growing economy.
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European Central Bank Scrutinizes Bank Liquidity
The European central bank is focusing on scrutinizing lenders' liquidity reserves and may lay down strict guidelines for individual firms by the end of 2023. The bank's annual review of the risks faced by the banks will pay mindful attention to the…
China is the Largest Exporter of Cars in 2023
China has become the largest car exporter and has overtaken Japan in the first three months of 2023. China has exported 1.07 million vehicles in this period, which is up 58 percent as compared to the first quarter of 2022, as per the official figures…
The Quarterly Revenue Trends of NVIDIA
The most advanced graphic cards Nvidia’s are selling more than $40,000 on eBay, as demand rises for chips to train and deploy the artificial intelligence software. In March 2023, the company has announced several initiatives to broaden it reach in…
The United States Unemployment Rate Falls to 3.5 Percent in March 2023
The United States economy adds up jobs quicker in March 2023. With this, the unemployment rate goes down to 3.5 percent. This signs persistent labor market closeness, which would witness the Federal Reserve raising interest rates again in May 2023.
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Aiming 7000 Job Cut-offs, Disney Starts Second Round of Layoff in 2023
Walt Disney is supposed to lay off thousands of more workers this week as it wants to slash 7000 jobs by the summer 2023. This marks second round of job cuts after a first round that began in March 2023.
To Avoid Recession in 2023 Inflation May Run Higher Than Targets
Central banks are expecting to settle for the inflation that’s higher than the 2 percent targets as per ta majority of fixed-income investors in the Bank of America Corp. survey.
According to the reports, two-thirds of the respondents in a survey…
Capital Flight of Credit Suisse Continues Amid Collapse in First Quarter
Credit Suisse became worse from bad in late March of 2022, this resulted in the state-brokered takeover by the rival UBS. The 167-year-old bank’s customers rushed for the exits along with their money.
According to the bank’s latest report on the…
Run-on Deposit Saves Small Banks from Collapse
After the collapse of Silicon Valley Bank and Signature Bank spread, the fear that other banks might also fall increased. It resulted in a run-on deposit mostly at the smaller banks.
On Account of Job Cuts, Google Takes USD 2.6 Billion Hit in 2023
Alphabet, the parent company of Google has incurred $2.6 billion in charges related to reductions in the workforce and office space in the first quarter of 2023.
The company, Alphabet also reported a revenue of $69.79 billion in the first quarter of…