Finance
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 ...
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...
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...
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...
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...
Freshly released research from Reuters suggests that the Czech crown could emerge as the sole strengthening currency in Central Europe over the next 12 months. Other currencies either lack growth prospects or face persistent risks that may lead to their weakening. In the Czech Republic and Hungary, the reduction in interest rates led to a dep...
The European Union faces significant challenges that require urgent action and restructuring ahead of the upcoming European Parliament elections. The political direction is gradually changing, highlighting the need to respond to stagnation and lack of investment. The European Commission, most likely to be led again by Ursula von der Leyen, recog...
The Czech online business has recently seen significant personnel changes that will affect one of the biggest players on the market, Slevomat. Ladislav Veselý, the long-time director of this popular discount platform, recently announced his departure on parental leave. He is to be replaced by Tomas Braverman, former director of Heureka and one o...
Bitcoin experienced another decline earlier this week, but from a technical standpoint, a sideways consolidation is still underway and will likely last for a few more days. The consolidation is not a negative thing; on the contrary, it is setting the market up for a continuation of the current trend and creating a market equilibrium, which may l...
