Obesity is becoming an increasingly serious problem and is officially considered the number 1 cause of death. According to World Health Organisation estimates, in one decade the numbers have tripled. Now more than 1 billion people worldwide are obese – 650 million adults, 340 million adolescents and 39 million children. This number is still rising and by 2025, another approximately 167 million people – adults and children – will become less healthy because they are overweight or obese.
The anticipated peak of the earnings season is upon us as we venture into the final week of July. This period will witness companies spanning various sectors, publishing their financial reports. While much of the limelight is likely to be on tech behemoths, we must not overlook the importance of the forthcoming reports from businesses across consumer staples, industrials, and energy.
A full four years after the audacious unveiling by the Tesla CEO, Elon Musk, the production of the first Cybertruck has finally commenced, two years behind its initial schedule.
Undeterred by the delay, Tesla showcased the first glimmers of the Cybertruck’s production on Twitter, providing a sneak peek of its employees, clad in safety vests and helmets, working on the unique, futuristic vehicle. The initial projection was for the Cybetruck production to kick off in 2021, a couple of years after the unveiling of the prototype in November 2019.
Corporate bankruptcies and defaults are witnessing an unprecedented surge in the United States. Corporate defaults have jumped to 41, which is over twice as many as the same period in 2022. Moody’s Investor Services corroborates this data, painting a grim picture of a corporate landscape where companies are struggling to cope with uncertain economic conditions and burgeoning debt loads.
We are on the cusp of a potentially transformative shift in the stock market, driven by the increasingly significant role of Artificial Intelligence (AI). A recent report from Goldman Sachs Research, penned by analyst Ryan Hammond, sheds light on these fascinating projections.
After weeks of high-stakes negotiations, U.S. President Joe Biden and House Republicans have arrived at a preliminary agreement to manage the debt limit and curtail spending. Though it’s far from finalised, this agreement has started to reshape the political and economic landscape. Leaders from both parties now face the challenge of swaying their members to back the agreement, which includes elements that don’t entirely align with either party’s agenda.