Category: Finance
Stay informed with the latest financial news, market insights, investment strategies, and global economic updates. The Finance category at Ferox covers everything you need to make smarter financial decisions in today’s digital world.
Europe’s AI Computing Shortage to Be Resolved Soon, Says Nvidia CEO Jensen Huang
At the VivaTech conference in Paris, Nvidia CEO Jensen Huang announced a significant initiative to address Europe’s AI computing shortage. Huang revealed plans to establish at least 20 AI data centers across Europe, including five major “gigafactories,” which will host hundreds of thousands of Nvidia’s Blackwell GPUs. This expansion aims to increase the continent’s AI…
📰 Newsletter: “Gold Overtakes Euro as Global Reserve Asset, ECB Says”
Summary The European Central Bank (ECB) has revealed that gold has surpassed the euro to become the world’s second-largest official reserve asset—behind only the U.S. dollar. As of 2024, global central bank holdings of gold hit 20% of total reserves, compared to the euro’s 16%, following record-breaking purchases in both volume and value. 🔍 Key…
🇪🇺 EU Targets Chinese Plywood in Latest Defence of Domestic Industries
1. Background: Rising Concerns Over Chinese Hardwood Plywood In recent months, the European Union has ramped up trade-defence measures against Chinese hardwood plywood imports. These actions stem from long-standing worries among European producers that Chinese manufacturers are undercutting them with exceptionally low-priced, subsidized plywood—possibly even using illegally sourced Russian timber to bypass EU restrictions. The…
Robinhood Shares Slide After Missing S&P 500 Cut
On June 9, 2025, in pre-market trading, Robinhood Markets (HOOD) experienced a notable drop of approximately 5–5.7% (to around $70.6–$71.2) after S&P Dow Jones Indices announced that no changes would be made to the S&P 500 components during its quarterly rebalance. 🔍 What Triggered the Decline? 📉 Market Impact Beyond Robinhood 💡 Why No Additions This…
Nvidia Chief: UK Lacks Digital Infrastructure — Starmer Steps In with £1 B for AI
🗣️ Jensen Huang (Nvidia CEO) opened London Tech Week alongside UK PM Sir Keir Starmer, declaring the UK has a “Goldilocks” AI ecosystem—rich in talent and private investment, yet severely lacking computer infrastructure: “This is the largest AI ecosystem in the world without its own infrastructure” 💷 Starmer’s announcement: 📊 The challenge ahead: 👁️ The…
Meta Shareholders Overwhelmingly Reject Proposal to Consider Bitcoin Treasury Strategy
In a significant development for the tech industry, Meta Platforms Inc. (NASDAQ: META) shareholders have decisively voted against a proposal urging the company to allocate a portion of its $72 billion cash reserves into Bitcoin. The proposal, introduced by Ethan Peck—a shareholder and employee of the National Center for Public Policy Research—was aimed at exploring…
Inside the Las Vegas Bitcoin Party: ‘Whales’, JD Vance, and the Trump Sons
In the neon-lit heart of Las Vegas, the 2025 Bitcoin Conference unfolded as more than just a gathering of cryptocurrency enthusiasts. It was a spectacle where the worlds of digital finance, political power, and celebrity influence collided. Attendees were treated to a high-octane blend of blockchain innovation and MAGA fervor, featuring industry titans, political figures,…
German Court Rules Against Border Policy: A Major Shift in Asylum Law
Date: June 2025Author: Adil S Introduction Germany’s approach to handling asylum seekers has come under legal scrutiny with a recent ruling from a Berlin administrative court. This ruling has declared that the government’s policy of turning away asylum seekers at the border without proper examination violates European Union (EU) law. The decision challenges a flagship…
Elon Musk’s xAI seeks $113bn valuation in $300mn share sale
Elon Musk’s artificial intelligence venture, xAI, is making headlines with a significant $300 million secondary share sale, positioning the company at a staggering $113 billion valuation. This move underscores Musk’s renewed focus on his business empire, particularly in the competitive AI sector.Financial Times A Strategic Merger: xAI and X In March 2025, Musk orchestrated a…