Finance

23. 07. 2024 | Natalie Bezděková
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With an estimated price tag of $23 billion (approximately CZK 534 billion), the planned acquisition of Israeli startup Wiz was to be the largest ever purchase by US tech giant Alphabet, the parent company of Google. The deal, if completed, would significantly strengthen Alphabet's position in the cybersecurity field. However, Israeli startup Wiz...

14. 07. 2024 | Natalie Bezděková
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The central bank's recent decision to cut base interest rates has had an impact on savings account interest rates, which have been falling since the start of the year and are now facing another wave of decline. Nevertheless, people are not abandoning this banking product. On Monday, the reduction in annual interest rates will affect clients o...

19. 06. 2024 | Natalie Bezděková
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Shareholders of US carmaker Tesla on Thursday approved a record $44.9 billion (about one trillion kronor) pay package for CEO Elon Musk, the AP reported. The decision came after a deal struck in 2018 was overturned by a Delaware court earlier this year. The exact number of votes was not immediately announced. According to the AP, approval of ...

25. 05. 2024 | Natalie Bezděková
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In 2021, El Salvador became the first country in the world to adopt bitcoin as an official currency. The move brought the Central American country not only profits and international attention, but also criticism. However, the main expected benefits are still missing - investors are still shunning El Salvador and locals continue to rely on the US...

25. 05. 2024 | Natalie Bezděková
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Driven by the boom in artificial intelligence (AI), US company Nvidia has grown significantly over the past year, so that its market value now exceeds the entire German stock market and even the gross domestic product of Russia or Canada. Only seven global economies and companies like Microsoft and Apple are ahead of it. When it released its ...

18. 05. 2024 | Natalie Bezděková
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Brothers Anton and James Peraire-Bueno, former students at the prestigious Massachusetts Institute of Technology (MIT), are facing serious fraud and money laundering charges after stealing millions of dollars worth of cryptocurrency. According to the BBC, they face up to 20 years in prison. It is unusual for graduates of a respected universit...

8. 05. 2024 | Natalie Bezděková
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In the last financial year, Toyota Motor, Japan's leading carmaker, recorded an impressive rise in net profit, which almost doubled to a record 4.94 trillion yen, equivalent to about 742 billion kronor. This remarkable increase in profits was supported by several factors, including strong demand for vehicles following the end of the covid-19 pan...

21. 04. 2024 | Natalie Bezděková
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A rollercoaster ride for Trump Media & Technology Group (DJT) shares has left investors reeling, as the stock's value has tumbled, erasing all the gains it had amassed since its debut in March. Once soaring to a high of $80 per share, the stock now languishes at approximately $37 per share, marking a significant downturn. The latest devel...

19. 04. 2024 | Natalie Bezděková
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In recent days, we have witnessed turbulence in the cryptocurrency market, especially when it comes to Bitcoin. Its value has been plummeting to the $62,000 level, a significant drop of more than 10 percent in a single week. This fall is in response to the recent decline in US stock indices, which have fallen by units of percent. This developmen...

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