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Elon Musk says Fed’s decision is been ‘foolish’ for not cutting interest rates

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Elon Musk says Fed's decision is been 'foolish' for not cutting interest rates

Elon Musk, the CEO of Tesla and SpaceX, has criticized the Federal Reserve for not cutting interest rates sooner. He believes that the Fed’s decision to keep rates high despite recent weak economic data is “foolish” and could potentially harm the economy.   Musk’s comments came in response to a post on X (formerly Twitter) highlighting Read more: Elon Musk says Fed’s decision is been ‘foolish’ for not cutting interest rates..

Global Market hits Sell-off; Market in panic mode but might opportunities for long-term investors

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Global Market hits Sell-off; Market in panic mode but might opportunities

The global stock market experienced a significant sell-off on August 5, 2024, sending shockwaves through financial markets worldwide. Major indices across Asia, Europe, and the US plunged into the red, as investors reacted to a confluence of negative factors. Key Drivers of the Sell-off: Weak US Jobs Data: Disappointing US jobs data fueled concerns about Read more: Global Market hits Sell-off; Market in panic mode but might opportunities for long-term investors..

Nvidia’s new AI chip delay, could affect Microsoft, Google, Meta

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Nvidia's new AI chip delay, could affect Microsoft, Google, Meta

Nvidia’s upcoming artificial intelligence chips are facing potential delays due to design flaws. This setback could have a significant impact on major tech companies like Microsoft, Google, and Meta, who have collectively ordered billions of dollars’ worth of these chips. The launch of Nvidia’s new AI chips, part of the Blackwell series, could be postponed Read more: Nvidia’s new AI chip delay, could affect Microsoft, Google, Meta..