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Cuba is quickly nearing a point of no return as the U.S. weaponizes its Venezuelan oil supplies
The Trump administration’s embargo on Cuba—effectively cutting off 75% of the communist-ruled island’s crude oil supplies—is quickly pushing the Havana leadership to a point of no return amid escalating fuel shortages and frequent blackouts.“The fuel situation in Cuba will get pretty dire pretty fast. That’s going to put tremendous pressure on the government because energy—whether it’s oil or electricity—is the…
Troubled Nvidia ally Supermicro pledged to hire a new CFO ‘immediately.’ That was 14 months ago.
Following the disclosure, Supermicro moved quickly to name Kenneth Cheung as the CAO and principal accounting officer. But more than 14 months and four straight quarters later, Weigand remains in the CFO seat and there hasn’t been an update to investors on the search in public filings in the year since. Weigand spoke with analysts this month when the company…
Fed confirms it obeyed U.S. Treasury request for an unusual ‘rate check,’ weakening the dollar against foreign currencies
The implication of the move is that the White House wants the dollar to remain weak compared with foreign currencies. A weak dollar means U.S. goods and services are cheap, by comparison, for foreign businesses and investors. It’s a way of boosting U.S. exports and foreign investment into America.ING analyst Chris Turner was shocked by the move. “What also stood…
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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…
Major Bank Stocks Surge, Setting the Stage for Earnings Showdown
Following their strongest quarter since 2021, bank stocks are gearing up for a high-stakes earnings season, as top executives from JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc.,…
