Airbnb (ABNB), a service that lets property owners rent out their spaces to travellers , observe a fall , fall in its stocks as  it expects bookings and average rates of stocks to decline in the second quarter of 2023 when compared to 2022.

In the company's earnings call, the second quarter of 2023 turned out to be a bit tough competition to the stock rates in 2022. But the company is focusing overall on the stable demand for the rest half, as said by Airbnb's CFO.

The Airbnb stock also fell as much as 15 percent in the pre-market trade in May 2023. If we compare the impressive numbers from the company’s earnings report and Wall Street’s expectations as compiled by Bloomberg, the revenue scales up to USD 1.8 billion versus USD 1.79…

U.S Fed decided to stay strong and to keep raising the interest rates to fight against the inflation. Fed chairman, Jerome Powell in a two-day meeting of the Federal Open Market Committee (FOMC), announced a hike of 0.25 percent recently by bringing the target range for the federal funds rate to reach 5 percent to 5.25 percent. It is highest since 2007.

Again, the Fed was also forced to balance the risks of shaky banking sector against the risks of allowing the inflation to flare up. The FOMC also decided to stay firm in its decision regarding the hike in federal funds. The Fed admitted in order to gain confidence, saying the conditions in the sector has improved broadly since March in 2023. It also added that the U.S. banking system was…

Around 2.5 percent of the world's population consumes cannabis, compared to 0.2 percent of people consuming cocaine and 0.2 percent consuming opiates. Currently, cannabis abuse has grown more rapidly than opiates and cocaine.

Recently, a study predicts that the use of cannabis worldwide will increase by more than one billion users by 2027. Most people among the lot will choose for the non-intoxicating and low-THC varieties marketed under the name of CBD.

If we go by the numbers, CBD users should spend around USD 24 on the respective products in 2023. All these numbers of users indicate a very casual use of the product. The per capita revenue for CBD is expected to rise to USD29 by 2027. Also, the expenditure of medical cannabis and…

iPhone sales are growing day by day. Thus, it is making the business grow as Apple noted better results than expected for the second fiscal quarter, May 2023. For the initial three months of the year, USD 24.2 billion is posted in net profit on revenue of USD 94.8 billion in April.

Apple's CEO, Tim Cook, said the company is pleased to report a high record in services and a March quarter recorded good again despite the challenging macroeconomic environment. He added that the company's services revenue climbed to USD 20.9 billion for the first quarter of 2023. Apple faced the opposite situation in the smartphone market by reporting the shipments of smartphones declining globally by almost 14 percent year-over-year.

As per Counterpoint…

Wind and solar power are regaining their position in the energy field with high-rising hopes day by day. It accounts for almost 39 percent of global electricity combined with renewables and nuclear in 2023.

According to the reports by Ember's Fourth Annual Global Electricity Review, wind, and solar energy accounted for around 12 percent of global electricity in 2022. There has been significant growth in this power production over the past twenty years, as per the reports. The data also said in 2022, solar energy added a record 245 TWH of generation, and wind added a record 312 TWH. Together, they accounted for 80 percent of the world's increasing need for electricity in 2022.

But again, other fossil fuels and coal are also needed to meet…

With the prices reaching 5 percent over the years, the inflation in the United States cooled down to its lowest point in almost around two years in March 2023. In comparison to February 2023 the pries rose by 0.1 percent. It is less than the month-on-month increase recorded in the months of January and February.

According to the reports, the food prices remained unchanged overall from February and the home food fell by 0.3 percent. Also, the energy prices decreased by 3.5 percent in these months and 6.4 percent over the years. The offset can be seen by the rising prices for housing by 0.6 percent since February 2023. It is more than 8 percent of what it was in 2022 around the same time being.

As the information says, due to the rise in…

The interest rates of central bank in advanced economies started to rise again from the zero percent territory. With global economy changing interest rates also kept on varying.

Due to rampant inflation, potential returns are diminished in 2022 completely and thus. Creating savings that are effectively lowering. In thirty-four advanced economies the real interest analysed by the International Monetary Fund was placed at -5 percent in 2022. The real interest remained positive in the emerging economies but fell to 1.2 percent.

According to the IMF reports, the April 2023 economy is experiencing similar changes. Also, IMF added, it expects the real interest rates in some advanced economies to achieve their older status. The major problem…

Long debates are going on over the safety of artificial intelligence. As revealed by Google’s CEO, Sundar Pichai, the company has already planned to include the features of AI in its search engine soon.

Adding AI to Google will further enhance its capability to answer searches. Pichai dismissed the notion of chatbots posing a danger to the Google’s search business, which has more than half of the revenue at the parent company, Alphabet Inc. Alphabet made revenue of USD 162 billion from search ads in 2022.

The tech giant is now focusing on improving user experience on its search engine using the technology. A leader in developing computer programs called LLMs or large language models will process and respond like human prose. People can…

The Tupperware shares fell almost 50 percent in April 2023 after the company’s warning which might go out of business. The maker of Tupperware containers said that there is substantial doubt regarding its ability to continue as a growing concern until it manages to raise enough assets to stay afloat.

According to the reports, the company’s management with financial advisors seeing at potential investors, cost-saving and downsizing to generate at the same tie preserve liquidity. It also adds, Tupperware has stepped on a journey to turn around the operations. Thus, “today marks a critical step in addressing capitals and liquidity position”, as mentioned by the CEO of Tupperware Brands.

Tupperware has been a great example since 1946 the way…

Snapchat parent Snap (SNAP) announced about the first quarter earnings after the bell in April 2023. It is due to the missing expectations on revenue, sending shares plunging in more than 20 percent. Amid a steep decline in the advertiser spending that snap has been struggling and this is hammering the company’s earnings.

According to reports, the social media company’s report is stark contrast to the rival Meta company which is beating the expectations by sending high soaring shares. As per the reports by Bloomberg, the important announcement in comparison to the analysts are looking for from the social media company, the revenue is $988 million versus $1 billion as expected. Along with the daily active users ranging up to 383 million…

The world economy is supposed to grow at roughly 3 percent in the next five years. It is the slower pace since 1990 as told by the head of the International Monetary Fund.

Europe’s first ever commercial green steel to be produced in a small military town in Sweden’s frozen north. The excavators and giant diggers are powering through the layers of mud, ice and snow at the site of a news steel plant just outside Boden, 900 kilometres north of Stockholm.

Steel is made in the blast furnaces with certain processes. With iron ore and coking coal, they also emit large quantities of carbon dioxide which further led to global warming. Production of steel is responsible towards at least 7 percent of the world’s greenhouse gas emissions.

According to the reports, by not following the conventional method Boden steel plant will be using hydrogen technology designed to cut emissions by 95 percent. The reports provides…