Category: blog
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Walmart and its Economic Challenges
In a rapidly changing economic landscape, consumer resilience plays a pivotal role in determining the financial performance of retail giants like Walmart. Walmart CEO Doug McMillon recently expressed concerns about the resilience of consumers in the coming year, particularly in the face of rising inflation and supply chain disruptions. Consumer resilience refers to the ability…
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COP 28 Climate Summit – Global Warming Talks
At November 30. the COP 28 (conference of the Parties) started with 197 nations that participated. The COP nations agreed to the U.N. Framework Convention on Climate Change in 1992. This is the 28. gathering of the countries, that’s why it is COP 28. This time the global transition away from fossil fuels to stop…
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Multiple companies pulled out advertising from X
After multiple advertisers on X (established in 2023) saw their ads next to antisemitic and pro-Nazi posts, a lot of them decided to stop advertising on X (formally Twitter). These moves were supported by a post from Musk, saying that an apparently antisemitic conspiracy theory is the actual truth. Due to these obligations a lot…
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Shakira reaches a deal with Spanish prosecutors over tax fraud
The singer Shakira was accused to fail to pay multiple millions of income tax in Spain. Now Shakira had to go to court to face a fine for the tax fraud. She went to court last minute to avoid the risk of going to prison. Shakira pays more than $7 million for tax fraud On…
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Charlie T. Munger dies at 99 years old
The friend of Warren Buffet died at 99 years old. Charlie Munger was one of the most influential people in the financial market. He mostly worked in the shadows of Warren Buffet while not being as famous. He for sure did change the financial world. Charlie T. Munger was valued at $2.5 billion at the…
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The drama around Sam Altman
The drama around Sam Altman began, when OpenAI fired the CEO but the board of directors had to call him back due to protests by its workers. The company was founded in 2015 by Sam Altman, Elon Musk and others as a non-profit research lab. Its main goal was to benefit humanity as a whole…
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Founder of crypto trading platform Binance pledged guilty
Changpeng Zaho, founder of the crypto exchange platform Binance pledged guilty after accusations that he did not stop money laundering from his platform. These accusations came from the Justice department. The mistakes of Binance that lead to the charges The world’s largest cryptocurrency exchange did violate the Bank Secrecy Act (BCA), an anti-money laundering act…
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The rising stock market
This weeks stock are winning. But it did not look like that on Monday when the stock market reacted to a negative outlook of Moody’s. They said they expect a negative progression of stock because of the rising credit rates of the U.S. The market probably also reacted to tension in the middle east. At…
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Nepal banned TikTok
The government of Nepal banned TikTok this week due to disrupting ‘social harmony’. This is a reaction to latest issues and concerns about personal data at TikTok. Nepal wants to beware their citizens of misuse of their personal data by the social media platform. TikTok is one of the 10 most used social media platforms…