Source: PaxForex Premium Analytics Portal, Fundamental Insight In the realm of business, it is uncommon for competitors to collaborate. However, a recent surprising turn of events occurred when Tesla, the prominent electric vehicle (EV) giant, and traditional automaker Ford, joined forces and stunned Wall Street with their partnership. This alliance entails allowing Ford customers to access Tesla's supercharger network for plugging in their vehicles. The announcement emerged during a Twitter-spaces event where Ford CEO Jim Farley...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Australian Building Approvals for April plunged 8.1% monthly, and Private House Approvals dropped 3.8% monthly. Economists predicted a contraction of 8.1% and 3.8%. Forex traders can compare this to Australian Building Approvals for March, which decreased 1.0% monthly, and Private House Approvals, which dropped 3.7% monthly. The Australian Current Account Balance for the first quarter came in at A$12.3B. Economists predicted a figure of A$6.5B. Forex traders can compare this to...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Apple holds a prominent position in Berkshire Hathaway's investment portfolio, representing a staggering $165 billion and constituting 48% of the allocation (as of March 31). Warren Buffett, the esteemed investor often referred to as the Oracle of Omaha, has expressed that Apple is distinct from the other businesses owned by Berkshire Hathaway. This positive sentiment aligns with Buffett's typical investment criteria, as Apple possesses many of the qualities he seeks in...
Source: PaxForex Premium Analytics Portal, Fundamental Insight in at a €18.4B. Economists predicted a figure of €16.0B. Forex traders can compare this to German Trade Balance for March, reported at €14.9B. Exports for April expanded by 1.2% monthly, and Imports decreased by 1.7% monthly. Economists predicted a drop of 2.5% and 1.0%. Forex traders can compare this to Exports for March, which plunged by 6.0% monthly, and Imports by 5.5% monthly. The Spanish S&P Global Services PMI for May is predicted at 59.9. Forex...
Source: PaxForex Premium Analytics Portal, Fundamental Insight Alphabet's heavy reliance on digital advertising can be advantageous during prosperous economic periods, but it poses challenges during weaker ones. The company experienced a notable slowdown in revenue growth in the most recent quarter (ended March 31), with an increase of only 3% compared to previous years. This exemplifies the impact of the current macroeconomic conditions. To mitigate the situation, Alphabet is actively pursuing cost-cutting measures, including the high-...