Japan recently announced that it would restrict the exports of technological parts like semiconductors. Calling itself a technological nation, they claim to be fulfilling its responsibility toward global peace and stability. Given that we rely on these semiconductors for our daily needs and national security, these new policies can have significant implications for those importing …
Continue reading “Japan Restricts Semiconductor Exports Amidst the US-China Chip War”
The inventor of the World Wide Web (WWW), Tim Berners-Lee, called cryptocurrency ‘dangerous, speculative, and a gamble’ in an episode of CNBC’s Beyond The Valley. As the co-founder of the startup Inrupt, Berners-Lee and John Bruce, have been speaking about reshaping the landscape of the internet. Berners-Lee has expressed his dissatisfaction with how the web …
Continue reading “Crypto Compared to Gambling and Termed Dangerous by Web Inventor Berners-Lee”
Oil prices climb for various reasons, including supply and demand imbalances, geopolitical tensions, and market speculation. When the demand for oil increases faster than the rate at which it can be produced, prices tend to rise. Conversely, if the supply outpaces the demand, prices may fall. Geopolitical events, such as conflicts in major oil-producing countries, …
Continue reading “Oil Prices Soar, Fed Raises Rates as Brent Hits $83.40/bbl”
Hindenburg Research’s revelation of a short position in Adani Group has left competing US investors puzzled. With Indian security rules being stringent against foreign investors betting against companies there, US investors wanted a closer look at the mechanics of the trade. So far, Hindenburg’s stance has worked out in their favor, and the Indian conglomerate …
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As of January 31, 2023, the Biden administration struck down the renewal of the export license to US companies selling essential components to China’s largest global technology company, Huawei. While the formal announcement regarding a total ban on export to Huawei has not yet been released, sources from the Department of Commerce have confirmed this …
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On January 24, 2023, Tesla announced its plan to take a step in the direction of expansion. The plan involved investing more than US$3.6 billion to expand its Nevada Gigafactory complex with two new factories. One of these factories is finally going to be the site for the mass production of its long-delayed Semi electric …
Recently, Microsoft posted results that shed some positivity in light of the weak economy, thanks to the cloud business that hit Wall Street targets for the end of 2022, but it may miss expectations in the current quarter. The stable results that the company posted helped soothe the fears the tech giants had about their …
Continue reading “Microsoft’s Cloud Business Stays Strong Despite Trying Times”
Several banks, including Bank of America and JPMorgan Chase, are collaborating to bring forth a payment wallet that gives other players in the market a run for their money. In a bid to compete with Apple Pay and PayPal, the works for a digital wallet that links with debit and credit cards are in motion. …
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Tesla vehicles in the United States are now relatively more affordable after the company reduced its prices by 20%. To increase sales, the automotive company incorporated the change two weeks into 2023. The price cut swings between 6% to 20% for Model 3 and Model Y SUVs. Tesla also implemented the new price chart in …
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The Italian electric vehicle battery maker announced their decision to license fast-charging battery technology from Israeli startup StoreDot on Monday. Through this deal, the company plans to manufacture lithium-ion batteries in Italy. Italvolt is said to procure a minimum and yet undisclosed amount of batteries produced at their plant for StoreDot’s business. This agreement is …
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