US Markets Economy-Taxes, Tech News Analysis
The Last Boeing 747 Takes Flight The end of an era was marked on 31st Jan 2023 as the last-ever Boeing 747 was delivered to US air cargo operator Atlas Air at Boeing’s plant in Everett, Washington. The iconic airplane, known as the “Queen of the Skies,” revolutionized intercontinental travel and captured the hearts of millions of passengers and airplane enthusiasts worldwide. The Last of Its Kind In a poignant…
Advanced Micro Devices Inc (AMD) reported its quarterly Q4 results and beat Wall Street targets, causing a 3.5% increase in shares. The chip maker has been steadily gaining market share from rival Intel, particularly in the data center segment, where revenue grew 42% to $1.7 billion during the quarter. Despite the mixed demand environment, CEO Lisa Su expressed confidence in it’s ability to gain market share and deliver long-term growth…
General Motors (GM) Q4 Results General Motors beat Wall Street’s expectations in the fourth quarter with strong results both on the top and bottom lines. The company’s adjusted earnings per share was $2.12, beating the expected $1.69, and revenue was $43.11 billion, beating the expected $40.65 billion. The full-year 2022 revenue came in at $156.7 billion, with a net income of $9.9 billion and adjusted earnings before interest and tax…
President Biden recently stated on Twitter that “Wall Street did not build America, the middle class-built America, and unions built the middle class.” This statement was met with a mixed reaction on social media, with some agreeing with the President and others criticizing his policies. Reaction On Wall Street statement Critics of the President pointed to his administration’s policies and the impact they’ve had on the middle class. They argued…
McDonald’s Revolutionizing the Fast-Food Experience: White Settlement, a suburb of Fort Worth, Texas, is now home to a new McDonald’s that’s unlike any other. This location marks a new chapter in fast-food dining as it’s almost entirely automated, with machines handling every aspect of the consumer experience, from ordering to delivery. The new McDonald’s boasts state-of-the-art technology, including digital menu boards and self-serve kiosks that make ordering quick and easy.…
Introduction to the U.K.’s Steel Industry Crisis The U.K.’s steel industry is facing challenges due to high energy prices, rising carbon prices, and the impacts of Brexit and the pandemic. In response, the government has proposed a £600 million package to help the country’s steel companies transition to greener operations. But, the question remains: will this investment be enough to save the struggling steel sector? In this article, we will…
Introduction On January 24th, Hindenburg Research released a report alleging numerous issues of suspected fraud at the Adani Group, one of India’s largest conglomerates run by the world’s then-third richest man, Gautam Adani. In response, Adani released a 413-page document claiming that Hindenburg Research is the “Madoffs of Manhattan”. The response attempted to steer the focus away from the substantive issues and instead played a nationalist card, claiming that the…
The Adani Group responds to Hindenburg Research Report Adani Group, an Indian multinational conglomerate, has issued a response to a report by Hindenburg Research, a US-based investment research firm. The report, which was released on January 24th, 2023, raised concerns about the shares of Adani Group companies and criticized the company’s substantial debt and the capability of its auditors. Adani Group’s Response The Adani Group responded to the report with…
The Price of COVID Vaccines is Increasing Moderna, a pharmaceutical and biotech company, is planning to increase the price of its COVID vaccine from $26 per dose to $110-$130 per dose on the commercial market. The company claims that the proposed price “is consistent with the value” that its vaccine provides, but critics argue that this will make the vaccine less accessible to uninsured people, which is not in line…
What’s in store for the Markets this week? Stock Markets this week are very busy as big companies like Apple, Amazon, and Alphabet are set to announce their earnings. Meanwhile, three central banks, including the Federal Reserve, the European Central Bank, and the Bank of England, will be holding policy meetings. Here’s what you need to know to get ready for the week ahead. The Federal Reserve’s next move effects…