UFG expects the dollar to strengthen in the short term as the Federal Reserve tightens policy and markets further adjust expectations. “Since November, the federal funds rate has largely been in the 1.75% – 2.00% range, but if there is now a break above to move towards the Fed’s 2.50% forecast, this is likely to […]

Tensions between Russia and Ukraine will not erupt into a direct military conflict, as Russia would then incur huge military and economic costs, the international rating agency Moody’s Investors Service said in its assessment. “Our baseline assessment is that heightened tensions will continue but will not lead to a direct military conflict,” Moody’s said in […]

American private aerospace company SpaceX will lose as a result of geomagnetic storm about 40 Internet satellites Starlink out of 49 put into orbit on February 3. This is reported on the company’s website. “Unfortunately, the satellites deployed on Thursday were severely damaged by Friday’s geomagnetic storm. Preliminary analysis indicates that increased drag at low […]

Aluminum prices are rising due to numerous concerns about supply problems, including capacity cuts in China for environmental reasons, the energy crisis in Europe and potential sanctions against Russia, according to Carsten Menke, head of the Next Generation research group at Julius Baer Bank. As of 15.15 Moscow time, aluminum rose in price by 0.9% […]

The European Commission (EC) has unveiled a plan to support semiconductor manufacturing in the region that could give the sector access to more than €43 billion in public and private investment. According to a statement from the EC, the plan, called the European Chips Act, aims to develop measures to prevent and effectively combat the […]

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, […]