The U.S. stock market experienced its best week since November, with Alphabet and Microsoft contributing to the gains. Microsoft's stock rose 1.8% after reporting better-than-expected profit and revenue. Inflation concerns persist, with traders now anticipating possibly just one rate cut this year instead of the previously expected six. Treasury...
Isabella Garcia
Isabella Garcia explores the societal impacts of technology for BizTech Weekly. With a background in sociology and a master's in communication, her articles delve into how technology reshapes human interactions, privacy, and our collective futures. Isabella's thought-provoking pieces challenge readers to consider the ethical dimensions of the digital age.
Dubai International Airport, the world's busiest for international travel, will shift operations to its second airfield, Al Maktoum International Airport, in the coming decade, with plans amounting to nearly $35 billion. This move has been in the works for years but was delayed due to the aftermath of Dubai's...
Canterbury Christ Church University psychology professor Andrew Mark Edwards conducted a study revealing that our perception of time notably slows down during exercise, leading us to experience a perceived state of slow motion. This intriguing finding suggests that time perception is influenced by physical exertion, shedding light on the...
U.S. job growth has been surpassing expectations since the new year, with a key factor being government contributions to the strong figures. Economists note the government has played a significant role in job creation, sparking concerns about the reliance on non-productive sectors for employment growth. Government hiring, especially in...
China is ramping up its AI efforts by expanding data centers, but this expansion comes at a cost - a staggering amount of water consumption. By 2030, China could have around 11 million data center racks, tripling the current number. The water used for cooling hardware, like in the...
Asian stocks took a hit as Japan's Nikkei plummeted 3.5% due to heavy selling of semiconductor-related shares. Meanwhile, oil prices surged following reports of Iran firing air defense batteries near Isfahan. Renesas, Tokyo Electron, and Sony Group Corp. all saw significant declines, with Japan's inflation rate easing in March....
The cost of purchasing a new home has reached a new peak due to a rise in mortgage rates, as reported by Redfin. The combination of high mortgage rates and soaring home prices has propelled the median monthly housing payment to a record $2,775, marking an 11% surge from...
WhatsApp users will soon enjoy Chat Filters, a new upgrade making it easier to prioritize your messages. This feature, with three different filters, simplifies organizing your chats, including a dedicated 'Groups' filter. While not the most thrilling upgrade, it offers practical benefits for managing communication. Expect to see these...
Federal Reserve Chair Jerome Powell expressed concerns about inflation taking longer than anticipated to reach the central bank's 2% target, potentially delaying any interest rate cuts this year. Despite recent signs of solid economic growth and labor market strength, progress towards the inflation goal has stalled. The Federal Open...
China's economy exceeded expectations in the first quarter, growing 5.3% year over year, showcasing stability towards hitting its 2024 GDP target of 5%. Analysts consider this objective ambitious, with last year's 5.2% growth potentially fueled by rebound effects from the pandemic. Despite efforts to sustain growth through fiscal and...
Managing partner of Berlin-based Magnetic Capital, David Rosskamp, critiques the industrial-scale venture capital operations in Europe, emphasizing the importance of discipline for outperformance. With a '70s-style approach, Magnetic engages in deep-level discussions to create a new generation power supply company. Rosskamp highlights Magnetic's track record of being early investors...
Inflation is causing a significant impact on Americans' purchasing power, with prices rising 3.5% in the U.S. in March compared to the previous year. The latest CPI data reveals that some regions are experiencing more significant price hikes than others, with Honolulu, Miami, and San Bernardino among the areas...
