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- Girl Economics || 25th June
Girl Economics || 25th June
Investment FOMO, Mexican Elections, Inflation Nation
Girl Economics Admin
June 25, 2024
In the News
1. Ferrari's all-electric car model, set to launch in late 2025, promises to deliver the same driving traits and emotional experience as its combustion-engine predecessors, according to CEO Benedetto Vigna, though its development has taken longer due to the challenge of maintaining the brand's iconic performance and sensory experience without a traditional engine.
2. American chip maker Nvidia has lost $500 billion in market value since briefly becoming the world's most valuable company last week, with its shares falling 5% on Monday amid concerns about its influence on the broader market, skepticism about its rapid ascent, and stock sales by its CEO Jensen Huang.
3. Novo Nordisk announced plans to invest $4.1 billion in a new manufacturing plant in Clayton, North Carolina, to increase the supply of its weight loss drug Wegovy, diabetes treatment Ozempic, and other injectables, responding to high demand and intermittent shortages. The facility is expected to be completed between 2027 and 2029.
4. Online fast-fashion group Shein has filed confidential paperwork for an initial public offering with the UK's markets regulator, moving closer to a potential £50bn listing in London after abandoning plans for a New York IPO due to US-China tensions.
5. UK defense ministers have been criticised for spending nearly £175 million just on external advice for the delayed Morpheus communications system for the British army, which is now not expected to enter service until the next decade.
Mexico's new female leader, Argentina's political milestone
Written by Nikita S
Last week, Claudia Sheinbaum was the first woman to be elected as president in Mexico. She won by a huge margin, collecting 58% of votes. Today’s article delves into why her campaign was so successful, what she stands for, and what this outcome means for Mexico’s future.
And…
When President Javier Milei won the 2023 November elections with 56% of the votes, he vowed to cut public spending and tackle inflation as part of making the drastic changes that Argentina desperately needs. Yet inflation hit a record high of 289.5% in April - how did this happen?
Escaping the FOMO Frenzy: Strategies for Smart Investing in a Social Media World
Written by Shruti R
Feeling left out due to social media's constant stream of glamorous posts is a common experience, known as FOMO (Fear of Missing Out). This psychological condition drives people to seek social validation and make impulsive decisions, from buying the latest tech gadgets to jumping on stock market trends. The phenomenon is evident in events like the dot-com bubble and the GameStop frenzy, where herd mentality led to significant financial losses. To avoid falling into the FOMO trap, it’s crucial to educate oneself about investing, conduct thorough research, and focus on long-term financial goals, ensuring decisions are informed and rational rather than driven by hype.
Inflation Nation
Written by Ann Marie O
This article will be discussing firms in the UK applying pressure on the Labour party to drop tourist tax, the boost that Lidl has provided to Northern Ireland’s economy and retailers’ responses to an increase in sales.
Opportunities
To learn… | The Art and Science of Negotiation, MIT Open Courseware |
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