Mercado Libre, a leading e-commerce player in Latin America, may have an opportunity to gain market share due to an accounting scandal at its rival, Americana. Americana’s Accounting Scandal A surprise announcement last week sent Mercado Libre’s shares soaring 16% on Thursday…
Despite concerns surrounding the collapse of U.S. banks and turmoil at Credit Suisse, the European Central Bank (ECB) proceeded with a substantial interest rate hike on Thursday. The ECB raised rates by 0.5%, emphasizing its commitment to combating the soaring 8.5% inflation…
As the nation watches the Biden administration settle into the White House, newly empowered House Republicans are demanding answers about recent discoveries of classified documents at President Joe Biden’s home and former office. On Sunday, the House Oversight and Accountability Committee, led…
Shares of Credit Suisse saw a significant increase on Thursday after the Swiss National Bank agreed to lend the financial institution up to 50 billion francs ($54 billion) to reinforce confidence in Switzerland’s second-largest bank following the collapse of two American banks.…
Olena Zelenska speaks at World Economic Forum, calls on influential attendees to take concrete action to support Ukraine’s struggling farmers and children. As the world gathers at the World Economic Forum’s annual meeting in Davos, Ukraine’s first lady, Olena Zelenska, made an…
The GPU Market in 2022 Despite a slump in the PC market, both companies have much to offer over the long term. But which one is the better buy? Sony, Microsoft, and Nintendo dominate the console gaming industry, but PC gaming has…
Visits to Mar-a-Lago, flattering speeches, and front-row seats at major events are all part of the unspoken contest among Republicans positioning themselves as potential running mates for Donald Trump. Although the Republican presidential primaries are almost a year away and the candidate…
US Treasury Secretary Janet Yellen and Chinese Vice Premier Liu He met in Zurich, Switzerland, on Wednesday in the highest-ranking meeting between the two countries since November 2021. The two discussed cooperation on issues around financing for battling climate change and working…
The trial of the century has begun. Tesla CEO, Elon Musk, is facing a lawsuit that will determine whether or not he cheated investors by claiming in 2018 tweets to have secured financing to take Tesla private. A nine-person jury was summoned…
US Defense Secretary Lloyd Austin engaged in a conversation with his Russian counterpart, Defense Minister Sergei Shoigu, on Wednesday regarding the recent destruction of a US drone over the Black Sea following an encounter with Russian fighter jets. This event marked the…