Verizon (NYSE: VZ) has been a “disappointment” for investors in recent years. After flirting with $60 during the COVID pandemic, it bottomed out near $30 in late 2023 and is trading at about $44 currently. As higher interest rates and fierce competition bruised the telecom giant, investors started viewing it more as a high-yield trap
Tesla is retiring its Model S and Model X as it reallocates resources toward autonomous driving, robotics, and artificial intelligence. The shift, driven by CEO Elon Musk, highlights a broader strategy to prioritize software and automation over legacy models. Shares also moved higher intraday on reports of potential tie-ups among Musk’s companies, putting market attention
Chainlink (LINK) is showing resilience amid a broadly stagnant crypto market. The token has posted a modest gain of 1% in the past 24 hours, outperforming the broader market movements and signalling underlying strength. Whale accumulation Whales and strategic reserve accumulation are playing a key role in LINK’s price dynamics. Since December 25, top wallets
One can’t move the male parent. One has to find one that commits. That’s the mismatch issue. Harvard economist and 2023 Nobel Laureate Claudia Goldin wasn’t speaking about modern relationships in the abstract; she was diagnosing why birth rates are collapsing across the developed world. In an email conversation with Invezz, she reveals an uncomfortable
The leading cryptocurrency stories in Latin America this week point to a region in transition. Fintech giant Revolut launched full banking operations in Mexico. In Venezuela, Interpol carried out a major crackdown on a cross-border cryptocurrency scam linked to Generation Zoe. Meanwhile, El Salvador strengthened its Bitcoin strategy by introducing new tax incentives for foreign
President Donald Trump has nominated Kevin M. Warsh as the next chair of the Federal Reserve, setting the stage for a contentious confirmation battle and renewed debate over the central bank’s independence. Warsh, a former Fed governor who served from 2006 to 2011, emerged ahead of several high-profile contenders, including White House economic adviser Kevin
The financial world shifted on its axis this Friday as President Donald Trump officially nominated Kevin Warsh to succeed Jerome Powell as Chair of the Federal Reserve. This appointment is far from a mere administrative baton-pass; it represents a fundamental pivot in the world’s most powerful economic engine. Warsh, a former Fed governor and Wall
China is turning to services and experiences as a new lever to revive domestic demand, as weak household confidence, a prolonged property slump, and slowing exports weigh on the world’s second-largest economy. On Thursday, the State Council released a work plan aimed at boosting services consumption over the coming years, spanning cruise and yacht tourism,
Elon Musk’s SpaceX has begun lining up senior roles at four major Wall Street banks as it races toward a potentially record-breaking initial public offering. As per a Financial Times report, Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley are being positioned for lead underwriting roles in what would rank as one of
The European Union has opened a formal investigation into Elon Musk’s social media platform X over concerns that its Grok artificial intelligence chatbot may have generated deepfake images that “may amount to child sexual abuse material.” The European Commission said the probe will assess whether X complied with its obligations under the bloc’s Digital Services