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Alibaba's AI-Driven Cloud Growth Boosts Q2 Earnings
Alibaba, Friday, 15 November 2024.
Alibaba’s Q2 earnings surpassed expectations, driven by robust AI-related revenue growth in its cloud business. Despite slower overall sales, the tech giant’s strategic focus on AI infrastructure and international expansion signals a promising trajectory in a challenging economic landscape.
Fed Chief Powell Signals Cautious Approach to Rate Cuts
Washington D.C., Thursday, 14 November 2024.
Federal Reserve Chair Jerome Powell indicates a slow, deliberate approach to interest rate reductions in 2025. Despite inflation nearing the 2% target, persistent pressures and economic strength allow for careful monitoring. Economists anticipate fewer cuts than initially expected, highlighting the delicate balance in managing inflation and economic growth.
Cisco Beats Earnings Expectations Amid Revenue Decline
San Jose, Thursday, 14 November 2024.
Cisco Systems reported Q1 FY2025 earnings exceeding analyst forecasts, with revenue of $13.8 billion despite a 6% year-over-year decline. The tech giant saw a 20% increase in product orders, signaling potential growth amid market challenges. Cisco’s strong performance in AI infrastructure orders highlights its strategic pivot towards emerging technologies.
Tesla Stock Surges Past $350 as Trump Victory Fuels AI Optimism
New York, Tuesday, 12 November 2024.
Tesla’s stock soared over 7% on Monday, surpassing $350 per share. Analysts attribute the rally to optimism about Tesla’s AI potential under a Trump administration, with reduced regulatory hurdles potentially accelerating the company’s autonomous driving ambitions.
Bitcoin Soars Past $88,000 as Trump's Victory Ignites Crypto Market
New York, Tuesday, 12 November 2024.
Bitcoin surged to a record high above $88,000 following Donald Trump’s election win. The president-elect’s pro-crypto stance, including plans for a national Bitcoin reserve, has energized investors. Traders are now eyeing the $100,000 mark by year-end.