Citigroup narrowly avoided what could have been one of the largest banking blunders in history after it mistakenly credited a client’s account with $81 trillion instead of the intended $280. The Financial Times reported that the error was detected only after two employees overlooked it, with a third employee catching…
General Motors (GM) is at a turning point in an evolving automotive world as it continues to forge ahead in the electric vehicle (EV) race. According to Reuters, even with economic headwinds including a possible change in political winds for EV subsidies, GM’s latest news indicates it is on the verge of…
Ecopetrol has filed a formal bid to acquire the Windpeshi project, held by Enel Colombia, to diversify its portfolio entering the wind energy sector and aligning with global environmental trends.According to local media La Republica, the project consists of a 205 megawatt (MW) capacity wind farm of more than 40…
Investors are bailing on Archer Aviation Inc (NYSE: ACHR) this morning after the eVTOL firm reported disappointing financial results for its Q4.ACHR was broadly expected to generate up to $0.2 million in revenue in the fourth quarter.However, the flying robotaxi company not only failed to generate any revenue in the…
President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskyy on Friday quickly turned tense, as the two leaders clashed over the prospects of a US-brokered peace deal with Russia. Zelenskyy cast doubt on the likelihood of a lasting agreement, prompting an angry response from Trump and Vice President JD Vance,…
SoundHound AI Inc (NASDAQ: SOUN) earnings this morning reminded investors that it’s more than just an AI firm that once received a vote of confidence from Nvidia Corp (NASDAQ: NVDA).On Friday, the company based out of Santa Clara, CA said its revenue more than doubled in the fourth quarter, leading…
US stocks grappled with weakness this week after President Donald Trump confirmed tariffs on Canada and Mexico. Trump had proposed a 25% levy on both countries at the start of February.While the allies had secured a one-month delay to discuss and potentially reach a more permanent solution at the time,…
Microsoft has announced the official shutdown date for Skype, the once-revolutionary calling and messaging service that disrupted traditional telecoms. The 21-year-old platform will cease operations on May 5, with Microsoft urging users to transition to its Teams application.Skype, which gained prominence in the 2000s by offering free internet-based voice and…
LATAM continues to expand in terms of the cryptocurrency scene.This week’s highlights included the Avalanche Foundation introducing the Avalanche Card, a credit card for users in Latin America and the United States. The card, which was announced in a statement to Cointelegraph en Español, strives to bring cryptocurrencies into use…
Copper prices are on a rebound as the market reacts to Trump’s executive order on the metal’s imports. While it is uncertain if, when, and by how much the president will impose the levies, commodity traders are grabbing this opportunity to secure profits. The rush to ship and accumulate the red…