Continuing inflation has helped push Germany into recession in the first quarter of 2023, as an upgrade to the growth data shows. According to the data by BBC, the economy contracted by 0.3 percent between January and March, as said by the statistics office. A 0.5 percent contraction follows it in the last quarter of 2022.

A country is counted to be in recession when the economy shrinks for consecutively two quarters. An analyst of DekaBank said under the weight of massive inflation; the German consumer has fallen to such an extent that it is dragging down the country's entire economy. Germany's inflation was 7.2 percent in April, below the United Kingdom's 8.7 percent. The high prices weigh upon household spending, like food, clothing…

India has again claimed its position in the world's fifth-largest stock market after losing its spot to France in January 2023. The reason behind it being foreign investors have snapped up the Asian nation's shares.

Earlier, India's market capitalization stood at USD 3.3 trillion as of May 29, 2023, which helped to rebound Adani Group's stocks after a seller report of 2023 sparked a rapid selloff. France meanwhile lost more than USD 100 billion in market price in the fourth week of May as the luxury goods makers witnessed a flight amid fears of a slowdown in the U.S. and China. As a result, of a rotation in China's economic recovery, Global funds are piling into Indian stocks, and foreign investors have also added USD 5.7 billion worth of…

The Big Tech rally in 2023 will continue further as the risk of the United States recession pushes investors into stocks that offer profitable growth in lean time, per the latest Markets Live Pulse survey (MLIV). Of the 492 participants, 41 percent said buying quality stocks would yield the highest returns in 2023. It includes taking long positions in companies like Microsoft Corp. and Apple Inc. 

Less clarity on interest rates and the economy is boosting the appeal of stocks with a strong cash flow and promising revenue growth, even though they come with hefty price tags. The tech-heavy Nasdaq 100 has clawed its losses from an end-2021 peak through a low in 2022, thus gaining momentum with the growing buzz around artificial intelligence…

Alphabet, the parent company of Google has incurred $2.6 billion in charges related to reductions in the workforce and office space in the first quarter of 2023.

The company, Alphabet also reported a revenue of $69.79 billion in the first quarter of 2023 in the month of January. It announced that it will fire almost 12,000 employees across the product areas, level and regions, and functions. As per the company, they took actions to optimise the global office space reductions of $564 million in the first quarter of 2023. They are in target to incur additional charges in the future as they further tried to evaluate the real estate needs.

Alphabet’s rival company Microsoft slashed 10,000 jobs and said in January that they are taking $1.2…

After the collapse of Silicon Valley Bank and Signature Bank spread, the fear that other banks might also fall increased. It resulted in a run-on deposit mostly at the smaller banks.

Although, the FED and the FDIC are stepping in quickly to contain the damage which made customers of failed Silicon Valley Bank and the…

Green Tech is the new normal as adopted by the world to save environment. The five most prepared countries to use and adapt to the frontier technologies which will help the green tech transition are Sweden, United States, Singapore, the Netherlands, and Switzerland. This is according to the data released by the United Nations Conference on Trade and Development (UNCTAD).

On the level of their preparedness to start using the technologies with indicators- industry, skills, research and development and finance. Each of these indicators used the summed rank of each indicator to give forward a final score. According to the reports, the countries at the bottom of the list are the Democratic Republic of Congo, Guinea, Gambia, South Sudan, and…

Microsoft has joined other big tech companies in turning to layoffs to overcome the more challenging times. It announced cutting over 10,000 jobs and posted on fiscal second quarter earnings exceeding the Wall Street estimate.

According to the reports, Microsoft's solid financial results depend heavily on the cloud side of its business. Also, the most recent quarterly results are no exception. As per the reports, out of the total $52.9 billion recorded, 22.1 was from the 'Intelligent Cloud' segment. It is the highest figure of the third quarter so far, translating to $9.5 billion of operating income.

Microsoft’s Chairman and Chief Executive Officer, Satya Nadella commented – "The world's most advanced AI models are also coming together…

Credit Suisse became worse from bad in late March of 2022, this resulted in the state-brokered takeover by the rival UBS. The 167-year-old bank’s customers rushed for the exits along with their money.

According to the bank’s latest report on the latest earnings, it showed outflow of net asset of CH 61 billion (69 billion) in the first three months pf the year, as the customer deposits declined by CHF 67 billion that is $75 billion. Also, before the collapse of Silicon Valley Bank across the financial sector. Credit Suisse suffered the apparent loss of confidence from the clients. After several scandals and failed investment, the Swiss banking group suffered a huge outflow of the deposits and assets under the management in 2022. It happened…

Nvidia is playing a leading role in the global chip industry, and it is expected to be at the forefront of the artificial intelligence gold rush after its latest earnings release. Nvidia's market capitalization jumped by almost USD 200 billion on 25th May 26, 2023. The shares of Nvidia have soared this week, taking the company's valuation to nearly the trillion-dollar mark. It has dominated the market for chips used in artificial intelligence (AI) systems.

California-based Nvidia hardware underpins most AI applications today. It has almost 95 percent of the GPU market for machine learning. The AI chips Nvidia also sells in systems designed for data centers cost around USD 10,000 each.

Earlier, the company used to make graphics better for…

Central banks are expecting to settle for the inflation that’s higher than the 2 percent targets as per ta majority of fixed-income investors in the Bank of America Corp. survey.

According to the reports, two-thirds of the respondents in a survey conducted in April said that policymakers will also accept price growth of 2 percent to 3 percent. All these if it means to avoid recession when compared to 42 per cent in poll of March. The are also supposed to stomach even higher inflation of 3 percent to 4 percent.

The reports also find out that the bond investors are re-evaluating the path for markets after the recent turmoil in the sector of banking. The strategists are of the view that the investors are showing concern that inflation cannot…

The world has witnessed magnificent advancements in the field of the computing field. From the invention of the first computer to the development of supercomputers, each innovation has pushed the boundaries of what is possible. The evolution of computers has wholly revolutionized human life beyond the imagination and continues to play an essential role in every aspect. Classical computers shaped the 20th century, and at the beginning of the 21st century, people realized that classical computers come with certain limitations. The limitations of classical computers pushed scientists to develop a new type of computing called quantum computing.

Quantum computing is a multidisciplinary field encompassing aspects of computer science, physics…

Life expectancy has increased all around the world and the gap between highly developed countries and rest of the world is gradually diminishing day by day. There are multiple factors leading to the global progress with good access to sanitation, healthcare, education and the fight against hunger. Fertility rates and the trend of nuclear families are also declining, and the rise of life expectancies globally is the main driver behind the ongoing transition.

According to the reports from the United Nations Population Division, global life expectancy at birth has risen up to 71.7 years in 2022 from 46.5 years in 1950 for both the sexes. It is further expected to rise to 77.3 years by 2050. To catch up the speed with North America and Europe…

Walt Disney is supposed to lay off thousands of more workers this week as it wants to slash 7000 jobs by the summer 2023. This marks second round of job cuts after a first round that began in March 2023.

The United States economy adds up jobs quicker in March 2023. With this, the unemployment rate goes down to 3.5 percent. This signs persistent labor market closeness, which would witness the Federal Reserve raising interest rates again in May 2023.

According to the reports given by the Labor Department, the nonfarm payrolls increased by 2,36,000 jobs. March. The data shows that for February, up to 3,26,000 jobs were added in place of 3,11,000, as reported. Also, the slow hiring process reflected the faded boost from unseasonably mild weather in January and February.

As per the polls done, economists forecast payrolls to rise to 2,39,000. Also, the estimates ranged from 1,50,000 to 3,42,000. The reports further reveal the economy needs to…