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The shift in the digital asset market contrasts sharply with the post-election rally in November. Since Trump’s inauguration in January, Bitcoin has declined by nearly 20%. This drop is attributed to Trump’s aggressive trade policies and ongoing inflation concerns, which have shaken investor confidence. Adrian Przelozny, CEO of crypto exchange Independent Reserve, linked the fall in Bitcoin prices to broader economic uncertainty driven by Trump’s tariff announcements. Data...
The EU as a whole saw a 34% year-on-year increase in electric vehicle sales, with more than 124,000 units sold. Germany led the charge, registering 34,498 electric cars and doubling its sales compared to the previous year. Despite this growth in electric vehicle sales, the overall car market in the EU faces challenges, with total car sales dropping by 3% to just over 831,000 units in January. Major...
Prosus, a tech investment firm, has revealed plans to acquire Just Eat Takeaway, known for its Thuisbezorgd service, for €4.1 billion. The iconic orange delivery boxes will remain unchanged, and Just Eat’s headquarters will stay in Amsterdam, maintaining brand continuity. Originally from South Africa, Prosus aims to expand its presence in Europe through this acquisition. The company sees growth potential in various sectors, including food delivery, groceries, fintech,...
Apple Inc. has announced plans to invest over $500 billion (approximately €478 billion) in the United States over the next four years. The announcement followed a conversation between Apple CEO Tim Cook and U.S. President Donald Trump. Earlier this month, President Trump raised tariffs on products imported from China by 10 percent, posing challenges for Apple, which manufactures many of its devices in China. According to Bloomberg, this...
The driving force behind this substantial increase is the investor anticipation surrounding Supermicro’s upcoming 10-K filing. The company’s annual report, which has been delayed due to accounting controversies, is expected to be submitted by February 25. This report is eagerly awaited as it promises to bring much-needed clarity to the company’s financial standing and performance. The stock’s outlook has been clouded by uncertainty since July, when Hindenburg Research...
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