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15 July
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New ad sales presidents join Netflix after leaving Snap
On Tuesday, it was announced that Jeremi Gorman leaves her position of chief business officer at Snap to be hired by Netflix. She was invited to take the position of the company’s president of worldwide advertising. Furthermore, Gorman leaves Snap alongside Peter Naylor, who was a vice-president of ad sales at Snap and was offered the same post at Netflix.
1 September 2022
Bank of Japan called for monetary easing
Bank of Japan board member Junko Nakagawa gave notice of the country’s unstable economy. That’s why the policy of monetary easing came into play. The objective is to ensure sustainable wage growth and keep inflation at the 2% target.
31 August 2022
Japan factories continue to ramp up output
Japan’s industrial output rose for a second straight month. The reason for it is increasing motor vehicle production in Japan. All this indicates a good start to the third quarter for factories and growth of economic activity in the country.
31 August 2022
PMI in Chinease manufacturing sector increased, but production activity continues declining
Expectations of an economic recovery in China weren’t fulfilled, as the main official indicator of production activity continues its decline in August. Due to new outbreaks of coronavirus infection within the country and abnormal temparature values resulted in a drought and several blackouts, the productivity of Chinese factories was disrupted.
31 August 2022
Fed faces new labor market data
US job openings and a consumer confidence index exceeded all market expectations, indicating the strength of demand. The data may increase inflationary pressures. Thus, another 75 basis-point interest rate hike is expected.
31 August 2022
New York Fed President John Williams subverts market expectations of rate lowering next year
On Tuesday, John Williams shared his thoughts on interest rates in an interview, stating that their levels will continue to rise, and the process will go on until the inflation is subdued. Although Williams didn’t mention any specific levels or directions, he said that it’s necessary for real interest rates to remain positive to reduce the inflation.
31 August 2022
NASA and Boeing postpone first manned flight of Starliner until next year
NASA and Boeing have decided to postpone the launch of the first manned flight of the Boeing Starliner spacecraft until the beginning of 2023. It was revealed at a joint press conference on Thursday. As stated by the manager for NASA's Commercial Crew Program Steve Stich, NASA and Boeing experts may set a target date around February.
31 August 2022
Moderna sues Pfizer for patent infringement
Last week, Moderna filed a claim for patent infringement against Pfizer and BioNTech. The companies copied messenger RNA technology developed and researched by Moderna, officials said. As a result, Moderna filed a lawsuit, and its amount has not yet been reported.
31 August 2022
Stock market response to Jackson Hole results draws positive reaction from Neel Kashkari
According to Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, a plunge in stock market shows that market participants understand the commitment of the Fed and Jerome Powell to curb the inflation.
30 August 2022
Elon Musk’s plans for mass-production of self-driving Teslas by year-end
On Monday, Tesla Chief Executive Elon Musk announced the company's plans for 2022. The development of autonomous driving technology for electric cars was the highlight of his speech. Musk aims to have its self-driving technology available in the U.S. and Europe after regulatory approval.
30 August 2022
