Alphabet’s Q3 earnings surge on cloud growth and AI ... - BizNews
Oct 30, 2024 · The Other Bets division remains unprofitable, losing $1.1 billion in the quarter, but Alphabet has been working to narrow those losses. Ruth Porat, Alphabet’s former longtime CFO who famously instilled a greater spirit of fiscal discipline in the company, recently transitioned into a new role as president and chief investment officer.
China unveils major stimulus package to revive slowing economy
Sep 24, 2024 · Details of Pan’s Package: The seven-day reverse repurchase rate will be lowered to 1.5% from 1.7%RRR lowered by 0.5 percentage points, unleashing 1 trillion yuan in liquidityPBOC didn’t specify when RRR cut takes effectMLF expected to be cut by 0.3 percentage pointsMinimum down-payment ratio cut to 15% for second-home buyers, from 25%China may cut the RRR further this year by another 0.25 ...
Unmasking the BHI trust: South Africa's R2.9 billion ponzi scheme
Oct 9, 2024 · In this BizNews recap we look back at when South Africa’s financial world was shaken by the collapse of the BHI Trust, a Ponzi scheme that defrauded thousands of investors out of R2.9 billion.
The Economist: Why Microsoft’s Excel won’t die - BizNews
Oct 16, 2024 · Microsoft Excel, the go-to tool for financial analysts and consultants, turns 40 this month. Known for its versatility in everything from pricing assets to analyzing company data, it has remained a staple despite the rise of competitors like Google Sheets.
Tesla soars $80bn on record profits and bold 2025 forecasts
Oct 24, 2024 · A Tesla logo on a tire rim at a charging station in San Francisco, California, US, on Thursday, Oct. 17, 2024. Tesla Inc. is scheduled to release earnings figures on October 24.
Volkswagen to close factories, cut wages as auto crisis deepens
Oct 29, 2024 · Volkswagen faces an unprecedented crisis, planning factory closures, job cuts, and wage reductions to stabilize operations. Europe’s largest automaker proposes a 10% wage cut for around 140,000 German workers, fueling unrest.
Welcome to Trump’s world, his victory will shake up everything
Nov 7, 2024 · Donald Trump’s landslide victory over Kamala Harris has cemented his place as one of the most influential American presidents since FDR. Winning both the electoral and popular vote, Trump’s return to office marks a decisive shift toward a nationalist, isolationist America.
China's tech decline sparks national innovation shift - BizNews
Oct 2, 2024 · Despite a severe government crackdown that shrunk China’s tech sector, Beijing’s innovation ambitions remain strong. While Western observers view the decline of companies like Alibaba and Tencent as a loss, China’s focus has shifted towards national security and global dominance in areas like AI, electric vehicles, and green industries.
Tesla desperately needs Musk’s robotaxis to live up to ... - BizNews
Oct 3, 2024 · At best, Tesla looks set for another quarter of stagnant financials in its EV business. As in the second quarter, we can probably expect the company to have sold a lot of its hoard of greenhouse gas credits to shore up earnings — that is, rely on green subsidies (despite Musk’s ever more strident right-wing posturing). Growth in battery EV sales has slowed in general and competition is ...
CEO Fourie on 36% HEPS surge – Capitec secret in a word
Oct 1, 2024 · Edited transcript of the interview ___STEADY_PAYWALL___. Alec Hogg (00:06.808): We’re in an age where trading statements are often issued, so there’s not much surprise when financial results are released by companies listed on …