Other news

As part of the fight against inflation, Sweden's central bank is raising interest rates.

Musk's Texas-based company is preparing to produce thousands of anthropomorphic robots. They are known as the Tesla Bot or Optimus and will be produced in their own factories. The number of production facilities is planned to expand to several million worldwide in the future. This information can be found in the job advertisements.

Country’s inflation rate is still high, but there are positive changes, as the Bank of Canada claims. The central bank's key objective is now to get hikes back to the target.

On Tuesday, the fact of Mavi Zingoni being appointed as the CEO of General Electric’s power business was confirmed. The mentioned unit of the company includes several businesses, among which are ones operating in gas, steam and nuclear energy spheres.

This week the U.S. Federal Reserve is likely to raise interest rates. Traders expect the 75 basis points hike to cause a rally in the cryptocurrency market.

The following indicators could have an effect on the markets today and tomorrow: 1. Housing market data. 2. Fed meeting.

Chevron Corp is selling its stakes in more than 2,000 oil and gas wells in Alaska. This could be the second time a major oil company has exited from oil extraction in the state in the past three decades.

This week, gold is trading in a tight range as investors refrained from making large bets in the run-up to the U.S. Federal Reserve meeting. The central bank is expected to announce an interest rate hike following the session.

According to a statement made by Edward Moya, OANDA’s senior analyst, crude oil prices are under pressure due to existing anxiety about rapid declining of a global economy, which is stimulated by concerns on a possibility of the central bank’s aggressive tightening.

The Federal Reserve has spent much of the year trying to moderate inflation. This week it will look at the new projections through 2025. They will take a closer look at the economic difficulties, their duration and the strength of their impact.