Market news, minus the noise.
Weekly recaps, market analysis, broker comparisons and education, from the Bullwaves desk.
More from the desk.
Skype Shuts Down After Two Decades
After more than 20 years of service, Skype officially shut down on May 5, marking the end of an era for one of the first major video- and voice-calling platforms.
Bullwaves
Jeff Bezos to offload 25 million shares worth $4.8 billion in Amazon
Jeff Bezos is set to sell 25 million shares of Amazon, valued at approximately $4.8 billion, according to a recent exchange filing.
Bullwaves
UAE became the first country to use AI to write laws
The United Arab Emirates is planning to utilize artificial intelligence (AI) to help draft new legislation and revise existing laws, marking a significant step in the Gulf nation's efforts to harness AI.
Bullwaves
UK's Deliveroo gets $3.6 billion buyout proposal from DoorDash
On April 5, U.S. meal delivery company DoorDash made a proposal to acquire all of Deliveroo's shares for 2.7 billion pounds ($3.60 billion).
Bullwaves
EU fines Apple and Meta for breaking Europe’s digital rules
The European Commission has fined Apple €500m and Meta €200m for violating fair competition and user choice regulations under the EU's Digital Markets Act (DMA).
Bullwaves
Schiff Calls For Insider Trading Investigation into Trump
Senator Adam Schiff called for a congressional investigation into whether President Donald Trump engaged in insider trading or market manipulation following his decision to pause a set of tariffs, which caused stock prices to surge.
Bullwaves
The World's First Space Hotel to Open in 2027
If you're looking for an exciting way to enhance your post-pandemic travel plans, why not consider space travel? By 2027, Voyager Station, the first luxury space hotel, will be open for business.
Bullwaves
Report: Apple avoid Trump's tariffs by shipping 5 planes full of iphones
Apple transported five planes full of iPhones and other products to meet the soaring demand during the festive season, ensuring that consumers around the world could get their hands on the latest devices. The company's logistical efforts have been aimed at addressing the challenge of maintaining a smooth supply chain during a period when demand for its products is at its peak.
Bullwaves
China announces 84% tariffs on US goods
China introduced retaliatory tariffs of 84% on US imports, matching the additional tariffs announced by US President Donald Trump earlier in the day, escalating the trade conflict between the two largest economies.
Bullwaves
Billionaire numbers hit record high: Over 3,000 globally
The number of billionaires worldwide reached a record high this year, with Forbes magazine's annual list surpassing 3,000 billionaires for the first time. Their combined wealth has now reached an astonishing $16.1 trillion.
Bullwaves
OpenAI raises $40B at $300B post-money valuation
OpenAI has secured $40 billion in one of the largest private funding rounds to date, bringing its valuation to $300 billion post-money.
Bullwaves
BYD new mega factory will be the size of san francisco
In 2024, Chinese automaker BYD once again surpassed Tesla not only in production but also in revenue. BYD reported earnings of $107 billion, outpacing Tesla’s $97.7 billion for the year.
Bullwaves
Elon Musk Gets Ready to Enter the Restaurant Business
A groundbreaking new diner is set to open in Los Angeles, bringing a blend of classic Americana and futuristic innovation to Santa Monica Boulevard. Designed to be more than just a restaurant, the venue will feature an all-night diner, a movie theater, and a high-speed electric vehicle charging station.
Bullwaves
China become the world's largest exporter
China exported 1.07 million vehicles between January and March, marking a 58% year-on-year increase, according to the China Association of Automobile Manufacturers. In comparison, Japanese auto exports reached 954,185 units, reflecting a 6% increase.
Bullwaves
The united states sold 1,000 gold card visas worth $5m each in a single day
U.S. Commerce Secretary Howard Lutnick announced on the All In podcast Thursday that he had sold 1,000 Gold Cards in a single day.
Bullwaves
Around 88% of U.S. millionaires are self-made
According to a 2012 study by Fidelity Investments, 86% of millionaires consider themselves self-made, having accumulated their wealth through investments, capital appreciation, salaries, corporate stock options, and profit-sharing plans.
Bullwaves
US egg prices hit a record high of $4.95
Egg prices have reached a record high in the U.S. due to an ongoing bird flu outbreak. The latest consumer price index indicates that the average cost of a dozen Grade A eggs in U.S. cities hit $4.95
Bullwaves
Google buys Wiz for $32B
Google has announced the largest acquisition in its history, acquiring Wiz, a cloud security startup, for $32 billion in an all-cash deal. The agreement has now been officially confirmed.
Bullwaves
Trump Administration’s No Taxes Under $150k
The Trump administration's latest tax proposal, announced by Commerce Secretary Howard Lutnick in an interview with CBS News, suggests eliminating income taxes for individuals earning less than $150,000 per year.
Bullwaves
a Chinese company beat McDonald’s
Mixue Ice Cream and Tea is now the world’s largest fast food chain, closing last year with 45,000 stores across China and 11 other countries, more than doubling its locations in just three years. A key driver of its success is affordability, with ice cream and sugary drinks priced at under $1 (Rs 87.21)
Bullwaves