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28 January
Elon Musk sold Tesla shares for $3.95 billion after buying Twitter

Only a few days after completing the acquisition of Twitter Inc., Elon Musk, who is also the CEO of Tesla Inc., sold the electric-vehicle producer’s shares in the amount of at least $3.95 billion.

9 November 2022
Oil is falling due to problems with COVID in China and an increase in reserves

Negative forecasts for demand in China led to a decline in oil price for the third day in a row.

9 November 2022
40,000 Tesla cars are being recalled in the U.S. due to possible power steering problems

More than 40,000 Tesla cars are now being recalled by the company due to a possible loss of power steering assist, which might happen in case of driving on rough roads or hitting potholes.

9 November 2022
Gold trades above $1,700 amid weaker dollar as election looms

Dollar continues to rise, given renewed demand for safe-haven assets and currency weakening. This is due to the U.S. midterm election results.

9 November 2022
Citigroup to buy Deutsche Bank's license in Mexico

Citigroup Inc said Tuesday it intends to buy Deutsche Bank's license in Mexico so it can continue its corporate and investment banking operations in the country after the planned sale of its local retail unit.

9 November 2022
Producer prices in China face deflation for the first time since 2020

In China, producer prices dropped to deflationary levels for the first time in two years. This happened because of falling global prices for commodities, as well as restrictions related to COVID-19 epidemics.

9 November 2022
Disney missed Wall Street forecasts on streaming losses

Walt Disney Co failed to meet Wall Street's earnings forecast on Tuesday. The entertainment giant has suffered financial losses due to its advancement into streaming video.

9 November 2022
Bitcoin and Ether decline in the background of FTX’s token sell-off

Bitcoin and Ether, declined by 4% and 6%, correspondingly, in the background of the sell-off on the cryptocurrency exchange FTX. Last week, CoinDesk reported that a significant part of the FTX’s balance consists of FTT and SOL tokens, which created a range of problems for it.

8 November 2022
ECB predicts quantitative tightening in 2023

Politico interviewed European Central Bank Vice President Luis de Guindos. He stated that quantitative tightening

8 November 2022
Australia’s pension fund warns against using savings for economic recovery

The chairman of Australia's top pension fund has warned about the government's intention to use the citizens' retirement savings, which is primarily due to the fact that the country needs help to solve economic problems and prepare for an upcoming global recession.

8 November 2022