Daily Management Review
Business & Finance

Shares of EU defense companies rise on expectations of increased defense spending

According to trading data cited by the Financial Times, shares of defense firms in Europe and Britain are rising as investors anticipate that local governments will ramp up their defense budgets. The Stoxx Europe Aerospace and Defense index hit its peak in over 30 years, soaring to a maximum of...

Former top executives of crypto exchange Binance raise $5 million for Blum app

Trading app Blum, secured $5 million through pre-seed and seed funding rounds, aims to develop into a multichain platform, and is launching an AI-driven Memepad, according to Blum's press team. This funding round was spearheaded by gumi Cryptos Capital, with involvement from Spartan and No Limit...

Used electric car sales hit record high in the UK

The British Association of Motor Manufacturers and Traders revealed information regarding the sales of pre-owned vehicles in the nation for 2024. The complete market for these vehicles in Britain grew by 5.5% at the end of last year, with total sales in 2024 reaching 7.643 million. Most of the cars...

Shein requests suppliers to open production facilities in Vietnam

According to Bloomberg's sources, fast fashion giant Shein, a Chinese firm based in Singapore, is urging several of its top suppliers in China to establish production sites in Vietnam. As per the sources from the agency, the firm has provided incentives to suppliers, including a 30% rise in...

Qualcomm shares fall amid concerns about slowing smartphone market growth

Qualcomm's shares, the leading provider of smartphone chips globally, declined by 4.6% in after-hours trading on the Nasdaq due to worries from investors that demand for new mobile devices might decrease, Bloomberg reports citing trading data. Qualcomm published its report for the first quarter of...

TotalEnergies' profit falls by 21%

TotalEnergies concluded 2024 with a revised net income of $18.3 billion. According to its financial report, the profit of the French energy company decreased by 21% in comparison to 2023. The organization attributes the decline in profits to the influence of a high base: oil prices and demand for...

Cigna's Strategic Overhaul: Navigating Accountability and Patient-Centric Reforms in Health Insurance

In response to mounting public criticism over medical care denials and delays, Cigna Group has announced a series of initiatives aimed at restoring trust and enhancing patient satisfaction. These measures include increasing staff in customer-facing roles, linking executive compensation to customer...

Intel's Strategic Struggles Amidst Leadership Transition And Market Challenges

Intel, once the dominant player in the global semiconductor market, has been navigating a difficult period marked by financial setbacks, leadership turmoil, and increased competition, particularly from rivals like Nvidia. Despite a December-quarter performance that exceeded analysts' low...

Reevaluating AI Investment Strategies: Lessons From DeepSeek's Emergence*

The recent advancements by Chinese startup DeepSeek have prompted a critical reassessment of investment strategies within the artificial intelligence (AI) sector. DeepSeek's ability to develop high-performing AI models with minimal financial outlay challenges the prevailing notion that substantial...

Norway's pension fund sees record profits of $222 billion

Norway's Government Pension Fund Global (GPFG), the largest pension fund globally with assets totaling $1.8 trillion, achieved a historic return of $222 billion in 2024, as reported by Norges Bank Investment Management (NBIM), the division of the Norwegian central bank overseeing the fund. “The...
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