On Friday, US President Joe Biden’s administration denied the upcoming visit by Chinese President Xi Jinping to Saudi Arabia indicated the US’s waning influence in the Middle East. US is not going anywhere Tim Lenderking, US special envoy for Yemen, told CNBC diplomatic visits by other global powers were anticipated, but this didn’t mean the […]
Elon Musk sold Tesla worth approx. $6.88 billion between August 5 and 9, a series of SEC filings published Tuesday night showed, CNBC reported. The transactions took place after Tesla’s annual shareholder meeting on August 4 in Austin, Texas. 7.92 million shares were sold. He sold Tesla shares for almost $9b in April Previously, the […]
This week, Taiwan came under economic and military pressure from China after allowing the visit of Nancy Pelosi, who was the highest-ranking US government official to visit the self-ruled island in a quarter of a century, CNBC wrote. China believes Taiwan is part of its territory and finds it has no right to maintain foreign […]
On Wednesday, US Treasury yields reached a 14-day high and stocks jumped against the background of positive corporate guidance and solid economic data, Reuters reported. After it was reported that US crude and gas stockpiles had surged, front-month crude futures declined. All three US indexes rose Yesterday, S&P500, Dow Jones, and Nasdaq all advanced. Tech-heavy […]
On Friday, Elon Musk filed a countersuit against the social media giant, exacerbating the conflict. The details aren’t publicly available. The CEO of Tesla and Space X has been outspokenly critical of Twitter in recent months, but has now been asked to keep details of his countersuit confidential, CNBC wrote. A tale that wasn’t […]
A company’s profit per employee ratio is a key metric that can give insight into the business’s overall health. One can use it to compare different companies in the same industry. A high profit per employee ratio indicates that a company is efficient and effective in its use of labor. In contrast, a low ratio […]
Twitter shares lost 7% in US premarket trade after Elon Musk announced he would terminate his $44 billion takeover of the company. Tesla shares also dropped, albeit by far less. Twitter’s loss implies a decline in the company’s market value of almost $2 billion compared to Friday’s closing price, CNBC wrote. Musk: Twitter was lying […]
NATO announced its first emissions reduction goal on Tuesday, promising to recognize the urgency of climate issues. NATO chief Jens Stoltenberg pledged the military alliance would reach net zero emissions by 2050 and reduce them by around half in 8 years, CNBC wrote. Stoltenberg said: If we fail to preserve peace, we also fail to […]
Apple has better prospects than Android considering supply chains after China’s latest COVID measures, Credit Suisse wrote in a report, cited by CNBC. Shanghai started reopening on June 1 after about sixty days of lockdown, ordered to bring a COVID surge under control. Credit Suisse analyst Edmond Huang and his team stated in the report: […]
“White was the most commonly used colour in prominent shopping app icons as of February 2022,” reports MoneyTransfers CEO Jonathan Merry. Icons of the most popular shopping applications employed white for about 43% of their design. Each of the researched categories has its dominant tone. According to MoneyTransfers, black was the most common colour for […]