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Our budgeted $180 million year ended in the red after the Ukraine war. Here’s how we survived
At the beginning of 2022, I was riding high. I had three successful furniture brands — Nordiska Galleriet (NOGA), Länna Möbler and Dusty Deco – that were on track to make $180 million that year, having grown from $5 million in 2017. Then Putin invaded Ukraine. I remember I was skiing in the Swiss Alps when I looked at my phone and…
Inside the race to rebuild America’s fuel supply chain for a ‘second nuclear age’
Nuclear startup firm Antares successfully flipped the switch on its Mark-0 microreactor in June, first to the finish line in the Trump administration’s pilot program race—with a July 4 deadline—for the next generation of reactors to achieve criticality.The AI hyperscalers are signing contracts with nuclear developers for next-generation light-water reactors, as well as newly developed small modular reactors (SMRs) and…
Medicaid funding to Minnesota to ‘temporarily halt’ over fraud concerns, JD Vance says
Vance, who made the announcement with Dr. Mehmet Oz, the administrator for the Centers for Medicare and Medicaid Services, said the administration was taking the action “in order to ensure that the state of Minnesota takes its obligations seriously to be good stewards of the American people’s tax money.”Oz, who referred to people committing fraud as “self-serving scoundrels,” said the…
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Nvidia’s Stock Soars After Record Earnings and AI Chip Demand Surge
The tech world is abuzz after chipmaker Nvidia (NVDA) released a stellar…
India Revs Up EV Industry: New Policy to Attract Investment
Buckle up, India! The Indian government has shifted into high gear with…
UBS Recommends European Stocks Over US: A Shift in Investment Strategy
In a surprising shift, investment banking giant UBS urges investors to focus…
US Stock Market Watch: Earnings Season Spotlight on Walmart and Market Trends
It's a pivotal week for the US stock market as earnings season…
Chinese EV Makers Brace for Impact: Potential US Tariffs Shake Industry
Chinese electric vehicle (EV) makers feel the shockwaves of a potential US…
Understanding the Recent Turbulence in the Indian Stock Market: Causes and Strategies
The Indian stock market has witnessed a period of turbulence, with the…
Namdev Finvest Secures $15 Million in Series B Funding for Expansion Plans
Jaipur-based non-banking financial company (NBFC) Namdev Finvest has secured a fresh infusion…
AWS Invests $9 Billion in Singapore: Boosting Cloud Infrastructure and AI Development
Amazon Web Services (AWS), the company's cloud computing behemoth, has announced a…
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BOJ Governor Ueda Assures Continued Easy Monetary Policy Post-Negative Rate Era
Governor Kazuo Ueda of the Bank of Japan (BOJ) reassured that financial conditions in Japan will remain accommodative even after the termination of the world's last negative interest rate regime.…
