American stocks are facing a quarter of truth. Due to rising interest rates, corporate profits are expected to decline.
The New York Stock Exchange ended the previous week with a decline. While the main S&P 500 index fell by 0.65 percent, the technology-heavy Nasdaq even lost more than one percent. Investors reacted to the words of Fed Chairman Jerome Powell, who stated in a speech to US lawmakers that the increase in interest rates […]
The shares of Intel Corporation dropped by 6% after the company updated its chip production plans.
The company provided investors with an update on its plan to transform into a chip manufacturing company that will compete with Taiwan Semiconductor Manufacturing Company. The new reporting structure of Intel could help control costs for the chipmaker, which aims to reduce its expenses by up to $10 billion over the next three years. Wednesday’s […]
Norway will open its waters to deep-sea mining. It wants to eliminate dependence on carbon sources.
The Norwegian government is preparing to allow deep-sea mining in its territorial waters. The protests of environmental activists do not deter them from their intention. It is precisely the emphasis on environmental sustainability and the shift from carbon sources to the utilization of renewable ones that stands behind the government’s plan. Norway aims to start […]
Oil will be cheaper at the end of the year than expected. Analysts from Goldman Sachs have lowered their price estimate.
Weak demand from China and an excess supply of oil from countries that have been subjected to international sanctions are the main factors that will push the price of black gold down compared to the original projections. As a result, a barrel of oil could be up to a tenth cheaper at the end of […]
The Romanian company Hidroelectrica intends to raise over 1 billion euros through a domestic IPO.
Hidroelectrica is the largest energy producer in Romania, providing one-third of the country’s electricity. Various government plans to list the company have been in existence for over a decade. Hidroelectrica is a state-supported company and operates over 180 hydroelectric power plants throughout Romania. By the end of next month, it should announce plans to list […]