Uber Technologies Inc on Wednesday reported operating profit for the second straight quarter as demand for ride-hailing services approached pre-pandemic levels and its food delivery service finally became profitable. The company’s shares rose nearly 6 percent in over-the-counter trading. Uber’s first-quarter outlook fell short of Wall Street’s expectations as the omicron coronavirus strain hurt the […]

Correction? What kind of correction? The market seems to have regained its bullish bias, with the Nasdaq leading the U.S. market in Wednesday trading, up more than 2%. The tech-focused index is now more than 8% above its late January bottom, even as the 10-year Treasury bond yield approaches 2%. There is one ongoing threat […]

Democrats and Republicans cannot agree on sanctions against Russia, and oil prices may exceed $100 per barrel – these and other important news for the morning, February 10, in our daily review. The U.S. Congress cannot reach an agreement on a bill on sanctions against Russia in case the country invades Ukraine, Bloomberg writes. Republicans […]

As far as we know, the “Oracle of Omaha” has never written a book detailing his investment strategy, and there is no definitive list of acquisitions for his portfolio either. But part of his stock selection strategy can be gleaned from Berkshire Hathaway’s (BRKB) annual reports, which we suggest you do, Yahoo writes. So, let’s […]

In Russia, 197,076 cases of COVID-19 were detected over the past 24 hours, the operational headquarters for combating the spread of the coronavirus reported. 19,446 people were hospitalized, which is 3.63% less compared to February 9. A total of 701 people died overnight. The number of sick people in Moscow doubled over the day – […]

Payment company PayPal has announced the creation of an interdisciplinary advisory board on blockchain, cryptocurrencies and digital assets. The structure should provide support for the firm’s “current and future products” in the industry, the company said in a statement. PayPal said cryptocurrencies have the potential to provide “enhanced access to financial services” and it is […]

Shares of Uber rose by 14.3% to $43.85 per paper at the postmarket. By the end of trading quotations fell to $42.50, according to the trading data of the New York Stock Exchange. The growth driver was the publication of financial results for the fourth quarter, according to which the company’s revenue increased by 83% […]

British Prime Minister Boris Johnson said Thursday that the Ukraine crisis is at its most dangerous moment and that it is important to take the right action over the next few days. “To be honest, I don’t think (Moscow) has made up its mind yet. But that doesn’t mean that something absolutely catastrophic can’t happen […]

Univera Investments manager Mark Spitznagel, who specializes in defending against the so-called “black swan” phenomenon in the market, is convinced that even after the correction in Big Tech stocks and the sharp rise in U.S. government bond yields, investors still don’t understand the risk they are taking in the stock and bond markets, Bloomberg writes. […]

The continued rise in oil prices could continue through the middle of this year as travel demand recovers, Bank of America said in a note Tuesday. The bank said the price of Brent crude could jump 32% from current levels to $120 a barrel, which would be the highest since the commodity surged in 2012. […]

According to analysts at Bank of America, bitcoin is not a good hedge against inflation because it does not correlate with gold, but due to its interaction with the stock market, it can be assumed that it is increasingly traded as a risky asset, writes Business Insider. According to a new report from Bank of […]

The California Department of Fair Employment and Housing has filed a lawsuit against Tesla, accusing the automaker of racial discrimination and harassment. The complaint, filed in state court, addresses problems at Tesla’s Fremont plant, the Wall Street Journal reports. The California agency received “hundreds of complaints from workers” and found evidence that the Fremont plant […]

Russia plans to create a repository for storing software similar to GitHub, which can be freely used by everyone. This follows from a draft decree published on the Regulation.gov.ru portal, RBC writes. The government intends to conduct an experiment in providing under an open license of computer programs, the rights to which belong to Russia, […]

Danish pension fund AkademikerPension announced plans to get rid of bonds of oil and gas companies from its portfolio for more than $300 million by the end of 2022, Bloomberg writes. The fund said that the issuers whose securities will be sold include U.S. oil company Occidental Petroleum, Russia’s Gazprom, Mexican state oil and gas […]

The dollar rose after better-than-expected U.S. consumer price data on Thursday, pushing the dollar higher as the data showed the Federal Reserve may be more aggressive in fighting rising inflation. The dollar index, which measures the value of the U.S. currency against six major currencies, rose 0.23%. Against the euro, the single European currency fell […]

OPEC said Thursday that global oil demand could rise even more sharply this year as the world economy shows a strong recovery from the pandemic, which would support prices already at a seven-year high. The oil shortage has also given a boost to energy markets, and a report from the Organization of the Petroleum Exporting […]

El Salvador is facing another flogging from a traditional financial firm for its “forbidden” love affair with bitcoins ( BTC ). US credit rating agency Fitch Ratings downgraded El Salvador’s long-term issuer default rating from B- to CCC, citing “policy unpredictability” and “acceptance of bitcoins as legal tender” as some of the factors that led […]

Canadian business jet maker Bombardier said Thursday it will increase production of its best-selling jets and forecast higher deliveries in 2022 after reporting adjusted quarterly profit. Business jet makers are ramping up production of corporate jets in response to increased demand from wealthy travelers who opt for private flights during a pandemic, but supply chain […]