Warren Buffett’s Berkshire Hathaway Corporation shares have fallen nearly 1% this year, compared to a 5% rise in the benchmark S&P 500 index and a 10% rise in the Nasdaq Composite, meaning Buffett’s personal fortune has shrunk by $529 million to $107 billion, making him the only one of the world’s 10 richest people whose […]

The Central Bank of Azerbaijan has increased the discount rate by 25 basis points (b.p.) – up to 8.5% per annum. The Central Bank reports that the lower threshold of the interest rate corridor was increased from 6.25% to 6.75%, the upper threshold – from 9.25% to 9.5%. This decision comes into force on February […]

One of the largest gas storage facilities in the EU suspended operation due to an accident, and experts assessed the consequences of the introduction of the digital ruble for banks and retailers – these and other important news for Wednesday morning, February 1, in our daily review. In one of the largest underground gas storage […]

UK mobile operator Vodafone Group (LON:VOD) Plc has reaffirmed its outlook for the 2023 financial year, which ends in March. According to the company’s press release, adjusted EBITDA is still expected to be in the range of €15-15.2 billion. Free cash flow is estimated at around €5.1 billion. Vodafone generated revenue of €11.638 billion in […]

U.S. PayPal Holdings Inc (NASDAQ:PYPL). the payment system operator, plans to cut about 7% of its employees as part of an overall cost-cutting program. The cuts will affect about 2,000 jobs, Chief Executive Officer Dan Shulman told employees. “While we have already made serious progress in optimizing our cost structure by focusing resources on our […]

Electronic Arts (NASDAQ:EA), one of the world’s leading developers of computer games, saw its Q3 fiscal 2023 revenue rise 5.1% to $1.881 billion from $1.789 billion, the company said in a statement. Meanwhile, the company’s net orders received in the past quarter fell to $2.34 billion from $2.58 billion a year earlier. Analysts surveyed by […]

In January 2023, loading on the network of Russian Railways amounted to 99.2 million tons, which is 4.8% less than in the same period last year, the company reported. Cargo turnover for January 2023 increased by 1.5% year-on-year to 228.4 billion tariff ton-kilometers. Cargo turnover including empty wagon mileage for the same period increased by […]

The continuation of the U.S. confrontation with China will be a new partnership that the White House is counting on – with India. It should help both countries compete with China in military hardware, semiconductors and artificial intelligence, Reuters writes. The White House’s goal is to deploy more Western cell phone networks in India to […]

In January, the NASDAQ Composite stock index, which consists of shares of high-tech companies, rose by 11%, which was the best dynamics for this period since 2001. Then at the peak of the high-tech boom of the late 1990s-early 2000s Nasdaq grew by 12.2% in January, writes “Kommersant”. Analysts believe the reason for such positive […]

U.S. chip maker Advanced Micro Devices reported earnings that beat Wall Street targets on Tuesday and said it expects its financial performance to improve in the second half of the year, Reuters writes. AMD shares were up about 1.5 percent after the close of trading on Tuesday, and while AMD’s outlook fell short of expectations, […]

The Ministry of Finance of Russia stated that the price of Urals oil in January 2023 was $49.48 per barrel. This is reported in the Telegram-channel of the Ministry of Finance. “The average price of Urals oil in January 2023 has developed in the amount of $49.48 per barrel,” – stated in the message. It […]

Following new revelations of misconduct by Celsius Network and its management, the bankrupt cryptocurrency lender said some customers will be able to withdraw assets. According to documents filed with the bankruptcy court on January 31, users of a crypto-asset storage program called Custody will be able to withdraw about 94% of their funds. The remaining […]

Nassim Nicholas Taleb warned of an unpleasant surprise for investors: according to him, the generation of a near-zero interest rate has triggered a monumental series of asset bubbles and increased inequality in the world. Investors are unprepared for this because the Fed is raising rates to levels not seen in a long time, Bloomberg writes. […]

The historic importance of the current momentum in the major U.S. indices cannot be understated. The best economists, analysts and experts are battling over the question: has the bear market that lasted almost the entire year 2022 come to an end, or is the decline only at the beginning of the road, and we are […]

OpenAI, creator of language chatbot ChatGPT and image generator Dall-E, may face competition from Polygon’s blockchain-based artificial intelligence product called CharacterGPT, writes Business Insider. The Dall-E generator creates images, while the CharacterGPT chatbot is designed to create a three-dimensional avatar that can answer users’ questions. Polygon’s blockchain product has previously partnered with well-known brands Starbucks […]

Shares of Sovcomflot rose by 21.76% over two trading days and traded at a maximum of February 1 at 52.47 rubles per paper, according to the data of the Moscow Exchange. Later the growth slowed down to 13.88%, shares at 14:31 Moscow time cost 49.54 rubles. Quotes of the Russian shipping company began to grow […]

Russia’s Transneft has reported an attempted shelling of an oil pumping station through which the Druzhba oil pipeline passes. The oil pumping station is located in the Novozybkovsky district of the Bryansk region, and the attempted shelling allegedly occurred on the evening of January 31, bbc.com reported The company said that the oil pipeline was […]