In a recent financial statement, British oil powerhouse Shell indicated a noticeable downturn in its annual profits for the fiscal year 2024. The company reported adjusted earnings of $23.72 billion, a stark contrast to the $28.25 billion achieved in the previous year. This decline raises pertinent questions about the sustainability of Shell’s profit margins and
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In a remarkable display of financial acumen and market responsiveness, Norway’s sovereign wealth fund, known as the Government Pension Fund Global, reported a staggering full-year profit of 2.5 trillion kroner (approximately $222.4 billion) for 2024. This achievement not only marks a significant fiscal victory but also surpasses the previous year’s record profit of 2.22 trillion
Nvidia’s journey in the stock market has taken a dramatic turn in recent days, emerging from a staggering loss that marked the largest single-day decline in market capitalization in history. On Monday, the company’s stock plummeted a shocking 17%, effectively erasing over $595 billion from its valuation. Such a steep drop sent reverberations throughout the
The tech landscape is in a constant state of flux, with geopolitical and economic factors significantly impacting stock performance, particularly in the semiconductor sector. Recently, Japan’s chip-related stocks experienced notable declines triggered by the emergence of Chinese AI startup DeepSeek. This development poses a challenge not only to America’s dominance in artificial intelligence but also
This past Saturday, a powerful wave of dissent surged through Berlin and other German cities as tens of thousands took to the streets to protest the rise of the far-right Alternative for Germany (AfD) party. Anticipating the upcoming general election on February 23, demonstrators gathered at the iconic Brandenburg Gate, their voices merging to create
In a significant yet complex development within the ongoing conflict between Israel and Hamas, four female Israeli soldiers were released on Saturday in exchange for around 200 Palestinian prisoners. This exchange was made possible through a ceasefire agreement intended to bring a semblance of peace after the tumultuous 15-month war in Gaza. The release was
The financial landscape, particularly during earnings season, often holds clues about the sequential health of various sectors within the economy. With the fourth quarter upon us, investors are gearing up for a busy week as a substantial number of prominent companies are scheduled to report their performance. This article aims to dissect the upcoming earnings
In a striking display of financial prowess, South Korea’s SK Hynix, one of the world’s foremost memory chip manufacturers, announced unprecedented quarterly earnings, driven largely by the burgeoning demand for high bandwidth memory (HBM), essential for generative AI applications. The company’s reported revenue for the fourth quarter reached a staggering 19.77 trillion won (approximately $13.7
The discussion surrounding tariffs on international trade is gaining momentum once again, especially with the remarks made by former President Donald Trump regarding a proposed 10% tariff on China. This conversation intertwines various complex topics, including drug trafficking, international relations, and economic forecasts. As the U.S. engages with its largest trading partner, the implications of
The inauguration of President Donald Trump marked an abrupt shift in the United States’ energy policies, as he unleashed a series of executive orders aimed at promoting fossil fuel production while dismantling climate commitments established by his predecessor. This article explores the ramifications of Trump’s aggressive energy agenda, particularly focusing on how his directives seek