Mike Lynch, a British technology entrepreneur, was recently acquitted of fraud charges following a landmark trial over allegations made by Hewlett Packard. The accusations claimed that Lynch artificially inflated the value of his company, Autonomy, when he sold it to HP for $11.7 billion in 2011. However, just two months after his acquittal, Lynch was
Finance
When it comes to electric vehicles (EVs) versus traditional gasoline-powered cars, there is a common belief that EVs may save consumers money over the long term. While EVs can be more expensive upfront, the recurring costs for fuel and maintenance are generally lower. Experts suggest that the total lifetime cost of owning an EV can
In light of the recent market volatility, investors are seeking ways to protect their portfolios from downside risks. One of the strategies gaining popularity is the use of buffer exchange-traded funds (ETFs). These ETFs, such as the ones offered by Innovator ETFs, provide investors with a certain level of protection against market downturns while still
Zeekr, a Chinese electric car brand, has recently announced the introduction of new batteries that claim to have the fastest charge in the world. The main goal of this offering is to address long-standing consumer concerns regarding battery driving range and the convenience of charging. According to the company, these new batteries can go from
China’s financial risks have seen a decrease, especially when it comes to local government debt, as stated by People’s Bank of China Governor Pan Gongsheng in recent interviews. Pan emphasized the collaboration between the central bank and the Ministry of Finance to ensure the achievement of China’s full-year growth targets. He reassured that monetary policy
Warren Buffett, also known as the “Oracle of Omaha,” has made a thought-provoking move in his investment portfolio. Recently, it was revealed that Buffett now owns the exact same number of shares of Apple as he does Coca-Cola. This surprising revelation came after Berkshire Hathaway’s equity holdings were disclosed in a regulatory “13-F” filing. The
Financial technology firm Klarna has recently announced its expansion into banking services with the introduction of new products aimed at disrupting the retail banking industry. The company, known for its buy now, pay later loans, is now offering a checking account-like product and a cashback program to incentivize users to utilize its platform for both
The recent sharp selloff in the stock market, specifically the 3% loss seen in the S&P 500 index on Monday, reflects fears of an impending recession. This was triggered by weaker-than-expected job data that raised concerns about the stability of the U.S. economy. The potential for a ‘soft landing,’ where the Federal Reserve effectively manages
The Olympic Games and other mega events like Taylor Swift’s Eras tour have historically caused a surge in prices in industries associated with tourism, such as hotels and airline tickets. This rise in demand from the influx of visitors typically leads to an increase in consumer prices. However, according to UBS, most French consumers are
The Federal Reserve is currently facing a critical juncture where it is being scrutinized by the market for its ability to prevent a looming recession or risk repeating past mistakes. As Chair Jerome Powell and the central bank’s officials navigate through uncertain economic times, their decisions will play a crucial role in shaping investors’ confidence
