Amazon has become the first publicly traded company to lose $1 trillion in market value, and its stock fell 4.3% to $86.14 on Wednesday, bringing its market value now to $879 billion, Business Insider writes. Back in July 2021, it was worth nearly $1.9 trillion. Such a decline is almost equal to the loss of […]

Currency analysts at DeutscheBank argue that the UK has moved on from the crisis phase seen in late September and the pound has started to trade like a normal currency. Sterling will therefore move in line with conventional factors including yields and the current account deficit. While the bank believes that an exit from life […]

After cryptocurrency exchange FTX turned to rival Binance for help amid a liquidity crisis and Binance backed out of the deal, venture capital firm Sequoia Capital told investors that it was reducing its investment in FTX to zero, Business Insider writes. Because of the risk, Sequoia wrote a letter to its investors on its Twitter […]

The dollar exchange rate is weakly declining against the euro and recovering against the yen after a sharp fall against almost all world currencies the day before, caused by data on a significant weakening of inflation in the United States. As it became known on Thursday, consumer prices (CPI index) in the U.S. in October […]

Most Asian stock indices rose on Friday after softer-than-expected U.S. inflation data warranted a slightly less hawkish interest rate outlook, and China’s lifting of some COVID-19-related restrictions led local markets to surge. On Friday, Chinese authorities shortened quarantine times for residents and inbound travelers, and lifted a fine for airlines that bring in infected passengers. […]

Entrepreneur Ilon Musk, who recently acquired social network Twitter (NYSE:TWTR), in his first address to employees admitted that the company may go bankrupt. About it writes Bloomberg with reference to sources. The warning came two weeks after Musk closed the deal to acquire the platform for $44 billion. During this time, the businessman fired up […]

The annual rate of inflation in the US fell more than expected in October, suggesting that the worst of the post-pandemic price surge is behind us, bolstering hopes that the current cycle of interest rate hikes will end soon. U.S. consumer prices rose 7.7% from a year earlier, down from 8.2% in September and clearly […]

FTX CEO Sam Bankman Fried lost 94% of his fortune overnight, and now Bloomberg estimates that the crypto investor’s 2 largest assets are worth $1 each, writes Business Insider. Back at the beginning of the week, his fortune was $16 billion and he lost 94% to $1 billion on Tuesday. On Tuesday, Bankman Fried announced […]

Chinese authorities have presented a large-scale plan to help the real estate sector, providing numerous measures, including the settlement of developers’ problems with liquidity and relaxation of requirements for the first installment on the purchase of real estate, Bloomberg agency writes, citing informed sources. The new measures are another sign indicating that the Chinese government […]

The dollar rebounded early in the European trading session on Monday after a sharp drop last week as comments from U.S. Federal Reserve Governor Christopher Waller prompted a reassessment of the central bank’s future monetary policy. At 03:00 Eastern Time (08:00 GMT), the dollar index, which tracks its exchange rate against a basket of six […]

The world population has reached 8 billion people, and Amazon plans to lay off about 10,000 employees to save costs – these and other important news for Tuesday morning, November 15, in our daily review. The population of the Earth has exceeded the mark of 8 billion people, the UN press service reported, citing the […]

Unemployment in the UK, calculated according to the methodology of the International Labor Organization (ILO), in July-September 2022 amounted to 3.6%, which is the lowest rate since mid-1974, according to data from the National Statistics Office (ONS) of the country. The figure was 3.8% in the 2nd quarter of this year. The UK’s employment rate […]

China’s stock market rose across Asia on Tuesday as investors await more stimulus measures from the government to counter economic woes caused by COVID-19 restrictions, and shares of Taiwan’s TSMC rose after Berkshire Hathaway (NYSE:BRKb) disclosed its stake in the company. China’s blue-chip Shanghai Shenzhen CSI 300 index jumped 1.7%, while the Shanghai Composite index […]

Warren Buffett’s Berkshire Hathaway Corporation (NYSE:BRKb) opened 3 new positions for the third quarter, according to a filing with the SEC. The 3 new stocks that Buffett’s company opened positions in are: Warren Buffett’s largest new position is in shares of semiconductor maker Taiwan Semiconductor Manufacturing (NYSE:TSM): more than 60 million shares were purchased for […]

The exchange price of gas in Europe at the trading on Tuesday, November 15, exceeded the mark of $1350 per thousand cubic meters at ICE Futures. By 11:20 MSC the cost of December futures at the TTF hub in the Netherlands rose by 10.8%, reaching €126 per 1 MWh, or $1377.6 per thousand cubic meters, […]

After the collapse of Sam Bankman Fried’s FTX crypto exchange FTX, billions of dollars of customer money evaporated, shaking confidence in a market that was already experiencing a long and brutal downturn. Now questions have piled up: what happened and how did a firm that had billions of dollars in assets just yesterday go completely […]

U.S. producer price inflation (PPI) fell to its lowest level in more than a year in October, bolstering hopes that inflationary pressures have peaked thanks to improvements in global supply chains in recent months. Producer prices rose 8.0% from a year earlier, well below the consensus forecast of 8.3%. The U.S. Bureau of Labor Statistics […]