The U.S. stock market declined on Wednesday after disappointing forecasts from major retailer Target (NYSE:TGT) cooled the sector. Target is struggling with rising prices that are forcing customers to compromise when buying merchandise. The company is also having to mark down merchandise to get rid of excess inventory. In the most recent quarter, the company’s […]

Billionaire investor Ray Dalio, founder of the Bridgewater Foundation, pointed to the potential proximity of the U.S. and China to a military conflict over Taiwan, pointing out that Chinese leader Xi Jinping hinted at war when he spoke last month about his country’s need to prepare for a “dangerous storm,” Business Insider writes. “It scares […]

On Monday, Katie Wood’s ARK Invest investment fund bought up 315,000 shares of Grayscale Bitcoin Trust for the first time in almost a year and a half while this bitcoin fund is trading at a steep discount amid the overall sharp underperformance of the entire cryptocurrency sector, writes Business Insider. Thus, the famous investment manager […]

Analysts of the investment company Vanguard predicted that the classic 60/40 strategy will bring investors good results in the coming years, writes CNBC. The collapse of the markets this year will help this tactic to show good results again. The 60/40 asset investment strategy is not dead and will work again for investors, according to […]

The world’s largest oil producer, Saudi Aramco has warned of a tight global oil market, which does not bode well for many countries around the world that are still heavily dependent on fossil fuels, Yahoo writes. “Today there is very little spare capacity,” Saudi Aramco CEO Amin Nasser told a conference in London. – If […]

Twitter (NYSE:TWTR) saw a mass exodus after Musk’s ultimatum, while Russian Railways and Gazprom (MCX:GAZP) will become the first buyers of a quantum phone for 40 million rubles. – these and other important news for the morning of Thursday, November 18, in our daily review. After receiving an ultimatum from businessman Ilon Musk to work […]

The U.S. stock market closed lower on Thursday as investors took heart from comments by Federal Reserve officials that indicated an interest rate hike was still around the corner. There was hope last week that the Fed might begin to reduce the sharp pace of rate hikes starting next month after data showed inflation was […]

The European Union has frozen the assets of Russian businessmen and companies under sanctions for 68 billion euros. This is reported by Politico with reference to an internal document of the European Commission. Most of the frozen assets are in Belgium. It accounts for about 50 billion euros. The second place is occupied by several […]

Oil supplies from Russia to Northern Europe have fallen 90% since February, and Novak confirmed Russia’s refusal to supply oil to countries imposing a price ceiling – these and other important news for Tuesday morning, November 22, in our daily review. In the weeks before the EU oil sanctions came into effect, Russian crude shipments […]

Head of hedge fund Pershing Square Bill Ackman predicted an increase in the long-term interest rate in the U.S., which will be an obstacle to the growth of stocks, writes Business Insider. According to Ackman, inflation and interest rates in the U.S. will remain high for many years. The hedge fund head suggested that the […]

U.S.-based HP Inc. ended the fourth quarter of fiscal 2022 with a net loss of $2 million, compared with net income of $3.1 billion in the same period last year. Adjusted earnings fell 9.6% to 85 cents per share from 94 cents. Revenue fell 11.2% to $14.8 billion from $16.68 billion a year earlier, according […]

Swiss bank Credit Suisse Group (SIX:CSGN) AG expects to make a pre-tax loss of CHF1.5 billion ($1.6 billion) in the fourth quarter of this year. The bank said in a statement that the loss is mainly due to losses in its wealth management and investment banking segments due to unfavorable market conditions and continued outflows […]

Switzerland on Wednesday approved the eighth package of sanctions against Russia, which includes imposing a “ceiling” on Russian oil prices. “The Swiss Federal Council adopted the next sanctions against Russia on November 23. The Council approved the measures adopted by the European Union as part of the eighth package of sanctions,” reads a document published […]

On Thursday, November 24, global stock markets traded mostly in the plus after the release of the minutes of the November FOMC meeting, which indicated the likelihood of a slowdown in the pace of Fed rate hikes. Nevertheless, the Chinese stock market closed in the negative amid new outbreaks of coronavirus: 31 thousand new cases […]

Cryptocurrency exchange Binance said it will set aside $1 billion for a crypto industry recovery initiative to invest in companies in the digital asset sector, Reuters writes. The cryptocurrency market is currently teetering on the brink following the collapse of FTX, which has filed for bankruptcy protection in the US. The collapse of one of […]

Russia has recorded an alarming trend in the number of coronavirus infections, presidential spokesman Dmitry Peskov said. “The figures are really growing. We see that the curve has crept upward, it is not only in our country, but in a number of countries such dynamics is alarming is observed,” he said. Peskov advised those citizens […]

Oil prices are falling on Monday amid a general decline in investor appetite for risk due to information about the ongoing protests in China against covid restrictions. The cost of January futures for Brent crude oil on the London-based ICE Futures exchange by 8:10 Moscow time on Monday is $81.31 per barrel, which is $2.32 […]

U.S. online retailer Amazon.com Inc. is winding down some of its operations in India, including the company will stop delivering food, Bloomberg reports, citing sources. That indicates that even Amazon’s critical growing Indian market of 1.4 billion consumers is not immune to Chief Executive Officer Andy Jassy’s cost-cutting campaign, the agency said. Several projects under […]