Tennis icon Roger Federer has now achieved the rare distinction of becoming a billionaire, placing him among a select few athletes to reach this financial milestone. While his illustrious 24-year playing career, which concluded in 2022, saw him accumulate $130.6 million in prize money through 20 Grand Slam victories between…
Netflix shares have soared more than 47% in 2025, outperforming the broader market and leaving rival entertainment stocks trailing. Yet Morningstar analyst Matthew Dolgin remains one of the few skeptics on Wall Street, warning that the stock is still significantly overvalued.In a note published late Thursday, Dolgin raised his fair…
Canada’s real GDP fell 0.1% in April, reversing a 0.2% increase in March, according to Statistics Canada. The national economy was dragged down by a broad recession in goods-producing industries, which fell by 0.6%, led by a sharp drop in manufacturing. Meanwhile, the services sector posted a tiny 0.1% increase,…
A top German data protection watchdog has called for tech giants Apple and Google to consider removing the Chinese AI app DeepSeek from their platforms, alleging the service unlawfully transfers user data to China without adequate safeguards.Meike Kamp, Berlin’s data protection commissioner, said Friday that DeepSeek’s data handling practices are…
London is likely to experience scorching heatwaves this weekend, with temperatures climbing and peaking on Monday, according to the Met Office. Rising temperatures coincide with the start of play at the All England Club on Monday, potentially making it Wimbledon’s hottest ever opening.Warm and humid weekendA cloudy start is expected on…
The U.S. stock market is presently witnessing an extraordinary period, with the S&P 500 Index trading at all-time highs. This remarkable rally has seen approximately $10 trillion added to the value of U.S. stocks since the index was on the verge of a bear market just two months prior. This…
Bolivians are increasingly embracing cryptocurrencies as they look to shield themselves against soaring inflation and persistent U.S. dollar shortages, Reuters reported.The move, aligning with a broader outlook across the Latin America region, has driven up digital asset transactions, with this hitting over 530% in increased crypto usage.Bolivia’s central bank released…
Netflix shares have soared more than 47% in 2025, outperforming the broader market and leaving rival entertainment stocks trailing. Yet Morningstar analyst Matthew Dolgin remains one of the few skeptics on Wall Street, warning that the stock is still significantly overvalued.In a note published late Thursday, Dolgin raised his fair…
China’s copper smelters have agreed to process copper concentrate from Chilean miner Antofagasta for free, setting a new low for treatment and refining charges (TC/RCs) in the global copper business. Four sources familiar with the situation told Reuters that the costs were set at $0 per metric ton and 0…
Stablecoins — long pitched as a dull, dependable cousin of cryptocurrencies like Bitcoin — have taken center stage in recent weeks. The asset class pegged to stable currencies like the US dollar, has captured market and political attention as big companies and regulators increasingly enter the fray.Last week, the US…