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19 March
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Pressure on gold is intensifying due to a stronger dollar and increasing interest rates
The U.S. GDP data for the third quarter showed stronger than expected. On this background, the dollar is recovering and gold prices are declining slightly.
31 October 2022
Amazon’s stock declines in the face of lower forecasts for holidays
Last Friday, the stock of Amazon.com Inc declined by 8% in the face of unmet forecasts for the holiday quarter, which were lower than Wall Street analysts’ estimates. At the same time, Big Tech peers of the commerce giant have already recovered from a series of falls and sell-offs.
31 October 2022
Bank of England delays second sale of gilts
The Bank of England came up with the decision to start selling assets from the quantitative easing asset portfolio on November 1. The UK central bank postponed the start of the second gilt sale operations as they may coincide with the government’s fiscal statement, as reported by Bloomberg.
31 October 2022
Net profit of Exxon in the third quarter came close to the profit of Apple
On Friday, Exxon Mobil Corp showed a record quarterly profit, driven by rising oil and gas prices. The company's profit margin has almost reached the level of Apple.
31 October 2022
New data this week: Fed meeting and jobs data
Markets will face another significant U.S. Federal Reserve interest rate hike. Officials expect a fourth consecutive 75 basis point rate hike on Wednesday, Nov. 2 at 2 p.m. ET.
31 October 2022
Elon Musk begins Twitter ownership with firing top executives
On Thursday, last week, Elon Musk finally acquired Twitter. His first act as head of the company was to fire top executives, but along with this he also clarified how he sees the future of the company and the social network and what he plans to achieve.
31 October 2022
U.S. authorities will test the effectiveness of Paxlovid in treating protracted COVID
As part of the RECOVER initiative, the antiviral drug Paxlovid from Pfizer Inc. was chosen as the first drug to be studied in patients with long-term COVID.
31 October 2022
Dogecoin gains as Elon Musk's deal with Twitter is completed
Dogecoin surged on Saturday, October 29, Reuters reported. The hike follows a $44 billion acquisition of Twitter by Elon Musk.
31 October 2022
US inflation slows down but still too high
Although prices remained unacceptably high in September, a slowdown in wage growth points to a possible weakening of the situation, a new set of inflation data released on Friday showed. This is a welcome development for the Fed, which is fighting to reduce the highest inflation in 40 years.
31 October 2022
Ford to pay $105 million in trade secrets case
Ford was ordered to pay $104.6 million in damages to Versata Software Inc. According to the lawsuit, the automaker was found guilty of violating a 2004 licensing contract and misusing trade secrets.
31 October 2022
