Nio stock price had another difficult year even as the company made strong progress in terms of market share and its future profitability. It started 2024 trading at $8.64, then plunged to $3.65, and then bounced back and found substantial resistance at $7.70. Nio’s performance mirrored that of most other…
UK retailers are bracing for a significant cost increase in 2025, estimated at £7bn, due to higher employer national insurance contributions, the rise in the national living wage, and new packaging levies introduced in the government’s recent budget. The British Retail Consortium (BRC) and industry leaders have estimated an average…
eBay stock price went parabolic on Wednesday after the company received some good news from Meta Platforms, the biggest social media company globally. The stock surged to a high of $71.50, its highest point since November 2021, continuing a trend that started in October when it bottomed at $31. So,…
Costco stock price has retreated in the past few weeks as investors remain concerned about its valuation and the potential supply chain challenges. COST shares retreated from the December high of $1000 to $920, hovering near its lowest level since November 20th. So, is it safe to buy COST shares?…
A trio of devastating wildfires continues to ravage Los Angeles County, with the Pacific Palisades Fire leading the charge. Fuelled by powerful Santa Ana winds, the fire has exploded in size, burning over 2,900 acres and forcing tens of thousands of residents to evacuate. As the blaze spreads rapidly, firefighters…
As inflation begins to cool, the Social Security cost-of-living adjustment (COLA) for 2025 has been set at 2.5%. This increase, although modest compared to the previous years, is a crucial lifeline for retirees, providing them with a slight boost to their benefits. While some may have hoped for a more…
For decades, alcohol sales have provided restaurants with high-margin income, often accounting for up to 30% of total revenue in fine dining. Unlike perishable food items, alcohol offers a longer shelf life and lower labor costs, making it a financial cornerstone for eateries. However, US Surgeon General Vivek Murthy’s latest…
Federal Reserve officials at their December meeting expressed concern over inflation and the impact that President-elect Donald Trump’s policies could have, indicating that they would be moving more slowly on interest rate cuts because of the uncertainty, minutes released Wednesday showed. While none in the Federal Open Market Committee (FOMC)…
The Biden administration is preparing a final round of export restrictions on advanced artificial intelligence (AI) chips, marking a last-minute effort to limit China and Russia’s access to cutting-edge technologies, as per a Bloomberg report. The proposed measures aim to consolidate US leadership in AI development and ensure global compliance…
China’s inflation data for December has raised fresh concerns over deflationary pressures, underscoring the persistent challenges facing the world’s second-largest economy as it grapples with weak domestic demand. China’s consumer inflation edges lower China’s consumer price index (CPI) rose just 0.1% year-on-year in December, according to data from the National…