Against the background of a new outbreak of COVID-19 in China, the local party and business elite are massively purchasing the well-known anti-covid drug Paxlovid from the American corporation Pfizer, the Financial Times reports. This drug is the only foreign anti-covid drug approved by the Chinese authorities for use in the country. At the same […]

The 68% drop in Tesla stock this year has left Musk $132 billion poorer, but still at the top of Forbes’ billionaires list, Business Insider writes. Musk’s stock drop is due to investor concerns that Musk may be focusing too much on his various business ventures. As of today, Musk’s total fortune is about $139 […]

The cost of February gold contracts on the New York Mercantile Exchange (NYMEX) rose 2% to $1841.8 per ounce. Prices for futures on the precious metal rose to the maximum level since July 5. Gold rose more than 9 percent in the quarter, Bloomberg calculated. Demand for the precious metal is growing, thanks in part […]

Bloomberg reported on the sale of Russian oil at prices twice lower than world prices, and analysts estimated VTB’s possible loss for the year at 500 billion rubles – these and other important news for Tuesday morning, January 10, in our daily review. Russian Urals oil is selling at half the world price and below […]

In Latin America’s largest country, Brazil, the seizure of top government buildings in the capital by supporters of former President Jair Bolsonaro has become a major test for investors, Reuters writes. A peaceful transfer of power has followed elections since the end of the country’s long-running military regime in 1985, but Brazil’s political polarization will […]

Broadly speaking, investment banks have split into two camps. One group expects peak US rates to lead to a weaker dollar. According to HSBC: “The slowdown in the pace of rate rises and the recognition that the Fed is in the late stages of its tightening cycle are part of why we expect the dollar […]

Quotes of billionaire Richard Branson’s aerospace company Virgin Orbit, which specializes in launching satellites into orbit, collapsed in trading on Monday. The stock was down 30.34% at the NASDAQ exchange in the after-market, with shares trading at $1.47, trading data showed. Investors began to get rid of securities en masse after the failed launch of […]

Microsoft is in talks to invest $10 billion in OpenAI, owner of ChatGPT, which would give this San Francisco-based company a valuation of $29 billion, writes Reuters. OpenAI was founded by Tesla CEO Ilon Musk and investor Sam Altman. The company created the ChatGPT chatbot and made it available for free public testing on Nov. […]

Shares of countries with emerging markets (emerging markets) have risen more than 20% from October’s low amid weakening global inflation and hopes that the U.S. Federal Reserve will soon slow the pace of interest rate hikes, The Financial Times writes. Counting on a slower rate hike is causing growing enthusiasm for the asset class, analysts […]

After almost the entire crypto market collapsed last year due to the bankruptcy of FTX, Celsius and Three Arrows Capital, experts are concluding that centralized lending and crypto products used to make money are becoming a thing of the past, writes Business Insider. Experts shared their predictions for 2023 and explained that things could get […]

Market analysis company Santiment shared some insights on Twitter (NYSE:TWTR) about cryptocurrency trading volume hitting a new low. Santiment offers 2 ways to look at the trading volume in this area that has reached a 2.5-year low, writes Coinedition. One can first look at this situation through a lens of optimism, as less resistance could […]

Gas production in Russia in 2022 decreased by 11.8% compared to 2021 and amounted to 672.57 billion cubic meters, informed sources told Kommersant. This is the lowest level since at least 2016, when 640.2 billion cubic meters of gas was produced. Gazprom CEO Alexei Miller said in late December that the company’s gas production fell […]

One of the world’s largest investment firms, BlackRock, has urged investors to prepare for turbulence in the stock market due to 3 factors: a looming recession, a higher interest rate and the opening of businesses in China in 2023 that will disrupt the market, writes Business Insider. “The 3 changes we expect in 2023 reinforce […]

Metropolitan Commercial Bank, which was one of the first to enter the nascent market for digital assets, has issued a statement about withdrawal from all processes related to cryptocurrency. The bank made this decision due to changes in the regulatory environment, writes Business Insider. Metropolitan Commercial Bank was one of the first traditional financial institutions […]

The third largest shareholder of Tesla Leo Ko Guan showed some remorse in buying shares in the company, criticizing the actions of Ilon Musk, writes Business Insider. That said, he did reiterate his commitment to Tesla. “I’m 100% with Tesla because I believe in Ilon Musk and the company. But he’s killing Tesla. If I […]

The federal budget deficit in 2022 reached Br3.3 trillion, said the head of the Ministry of Finance Anton Siluanov, writes Forbes. This figure has become one of the largest in the history of Russia. “The federal budget of the Russian Federation in 2022, according to preliminary data, is executed with a deficit of 3.3 trillion […]

Analysts at U.S. bank Goldman Sachs (NYSE:GS) have improved their forecast for the eurozone economy for 2023 and now expect GDP growth in the currency bloc instead of the previously expected contraction. Eurozone GDP will grow by 0.6% in 2023, MarketWatch quoted the forecast from the bank’s economists led by Sven Jari Sten. The previous […]

U.S. Federal Reserve Chairman Jerome Powell will deliver a speech amid growing signs of openness to a smaller rate hike this year. Brazil arrested hundreds more supporters of Jair Bolsonaro after a failed attempt to cancel last weekend’s presidential election. The U.S. stock market is set to open lower, with financial companies and chip makers […]