Tesla’s market cap hits $1 trillion – Musk’s net worth tops $300 billion
For the first time since April 2022, Tesla's *market cap broke through the $1 trillion ceiling. The multinational electric vehicle manufacturer, which has the...
Paramount reported mixed third-quarter results
Paramount reported mixed third-quarter results for 2024. The entertainment conglomerate's streaming service performed well, and advertising revenue rose by 18% year over year. However,...
Will a Trump victory be bad for Mexico’s economy?
What will happen to Mexico's economy now that Donald Trump is the president-elect? If he implements some of the threats he made during his...
Nissan plans to cut 9,000 jobs worldwide
Nissan recently announced plans to cut 9,000 jobs worldwide and cut global production by 20%.
Specific details remain unclear. The cuts are part of a...
Pinterest reports solid Q3 revenue and user growth, but holiday forecast disappoints
Pinterest Inc. reported revenue of $898 million in the third quarter of 2024, up 18% year-over-year (YoY), and beating expectations of $896.7 million.
Q3 2024...
Bank of England cuts interest rates from 5% to 4.75%
The UK's central bank, the Bank of England, announced today that it has cut interest rates to 4.75% from 5%. This is the lowest...
US mortgage rates continue to rise, 30-year fixed climbs to 6.79%
US mortgage rates are on the rise again. According to Freddie Mac, the average rate on a 30-year fixed mortgage rose to 6.79% this...
How a Trump presidency could affect Europe’s economic landscape
Now that Donald Trump is set to be the next US president, beginning on January 20th, European leaders and many of its citizens wonder...
Qualcomm revenue in Q4 2024 up 18% year-over-year
Semiconductor giant Qualcomm posted its fourth-quarter earnings on Wednesday.
The results for the quarter and the full year were better than Wall Street had...
Semaglutide boosts Novo Nordisk sales beyond expectations
Danish pharma multinational Novo Nordisk reported third-quarter sales figures well above Wall Street expectations thanks to its weight loss and diabetes drug semaglutide, which...