Last year, the tech industry faced a brutal wave of layoffs, with 167.6 thousand employees losing their jobs in the first three months alone, exceeding the total number of layoffs for all of 2022. This trend of job cuts has continued into 2024, driven by economic challenges, high interest rates, and rapid advancements in artificial […]
Category: Reports
As of early August 2024, only seven publicly traded companies have market capitalisations of $1 trillion or more. Save for oil giant Saudi Aramco, they are U.S.-based firms operating in the technology sector. Among them, American chipmaker Nvidia (NVDA), which joined the coveted trillion-dollar club in May 2023, recently made headlines by temporarily surpassing Microsoft […]
Yesterday we witnessed a historic debut of SEC-approved Ethereum ETFs and the total trading volume topped $1 billion. Although this is nowhere near the approximately $4.7B trading volume on Day 1 for Bitcoin ETFs, our team at BestBrokers decided to do further comparison between both crypto ETF debuts. We compared the total traded amount of […]
Days before President Joe Biden’s abrupt decision to abandon his bid for this year’s presidential elections, his administration announced it had approved another $1.2 billion in student loan debt forgiveness for 35,000 borrowers. The new round of relief brings the canceled student loan debt total to almost $169 billion, helping nearly 42.8 million Americans struggling […]
While investor enthusiasm for artificial intelligence has driven the performance of many stocks perceived to be linked to the “AI revolution”, some analysts have warned that AI is overhyped and a bubble about to burst – sooner than later. During the first six months of 2024, the S&P 500 index grew 14.5% from December 2023, […]
Crypto exchanges, like all websites, produce carbon emissions; the more sophisticated and visited they are, the more data they process, requiring serious server power to run them. This all comes at a high cost to the environment, especially when we consider that for many, cryptocurrencies are just a fad – overhyped digital currencies which, compared […]
In June, chipmaker Nvidia joined fellow tech giants Apple and Microsoft in the $3 trillion market cap club. For a brief moment, Nvidia even surpassed them both, becoming the world’s most valuable company. However, while market cap offers valuable insights, it isn’t the sole indicator of a firm’s success, nor is it always the most […]
Building on our recent work on the enormous electric power consumption for mining Bitcoin, this time our team at BestBrokers focused on the energy consumption footprint of Bitcoin transactions. Calculating the exact amount of electric power consumed with every Bitcoin transaction is not a straightforward task. Technically speaking, the entire Blockchain is running solely for […]
On the back of the artificial intelligence buzz of the past few months, some tech companies made a furore on the stock market this year. Shares of the chip maker Nvidia surged on June 20, helping the company overtake Microsoft and Apple as the world’s most valuable listed company. This success was short-lived as the […]
Unicorns, defined as privately owned companies, valued at over $1 billion, are no longer such a rare sight. AI startups, in particular, are now quickly growing and reaching impressive success shortly after being created. OpenAI, the San Francisco-based company behind ChatGPT, recently closed a $6.6 billion funding round, nearly doubling its value from February to […]