In today’s digital world, tech giants such as Apple, Google, Microsoft, and Nvidia power nearly every aspect of our lives. However, behind the digital services and devices we use daily, these tech companies are running sprawling data centres, global offices, and production facilities that consume staggering amounts of energy. In fact, their power consumption is […]
Category: Reports
With inflation slowing down in 2024, central banks in major economies have begun cutting interest rates, yet the cost of mortgages is still discouraging people from purchasing a home. However, home buyers in some countries benefit from low interest rates on house loans in combination with relatively high average income, whereas in struggling economies, purchasing […]
AI startup OpenAI recently revealed that its groundbreaking chatbot, ChatGPT, has reached 200 million weekly active users, doubling the number it had in the last fall season. This rapid growth has made ChatGPT one of the fastest-growing and most popular apps of all time. Beyond answering basic questions, this powerful tool can compose entire essays […]
As gold topped $2,500 per troy ounce for the first time in history this August, it pushed the price of the large, 400-ounce gold bars to $1 million. The expectations for rate cuts by the Fed, however, helped propel the price to new record highs last week despite the decision of China’s Central Bank to […]
In early June, Bitcoin surged to over $71,000 sparking widespread enthusiasm across the financial world and in crypto markets, in particular. The cryptocurrency hit an all-time high of $75,750 on March 14, marking a 178% increase from the same day in 2023. These bullish jumps in price did not go unnoticed and everyone from crypto […]
Last year, the tech industry faced a brutal wave of layoffs, with 167.6 thousand employees losing their jobs in the first three months alone, exceeding the total number of layoffs for all of 2022. This trend of job cuts has continued into 2024, driven by economic challenges, high interest rates, and rapid advancements in artificial […]
As of early August 2024, only seven publicly traded companies have market capitalisations of $1 trillion or more. Save for oil giant Saudi Aramco, they are U.S.-based firms operating in the technology sector. Among them, American chipmaker Nvidia (NVDA), which joined the coveted trillion-dollar club in May 2023, recently made headlines by temporarily surpassing Microsoft […]
Yesterday we witnessed a historic debut of SEC-approved Ethereum ETFs and the total trading volume topped $1 billion. Although this is nowhere near the approximately $4.7B trading volume on Day 1 for Bitcoin ETFs, our team at BestBrokers decided to do further comparison between both crypto ETF debuts. We compared the total traded amount of […]
Days before President Joe Biden’s abrupt decision to abandon his bid for this year’s presidential elections, his administration announced it had approved another $1.2 billion in student loan debt forgiveness for 35,000 borrowers. The new round of relief brings the canceled student loan debt total to almost $169 billion, helping nearly 42.8 million Americans struggling […]
While investor enthusiasm for artificial intelligence has driven the performance of many stocks perceived to be linked to the “AI revolution”, some analysts have warned that AI is overhyped and a bubble about to burst – sooner than later. During the first six months of 2024, the S&P 500 index grew 14.5% from December 2023, […]