AMD gets Chinese approval to buy Xilinx for $35 bln Preliminary approval by Chinese regulators of a purchase deal announced a year ago has pushed up Xilinx and AMD securities. One of the conditions of the regulators was the company’s continued supply of Xilinx products to China, as well as cooperation with enterprises in China […]

The U.S. dollar is declining against the euro and yen in trading on Wednesday. The market is focused on the US inflation data for January, which will be released on February 10. In December last year, consumer prices in the United States rose by 7% relative to the same month a year earlier – the […]

Apple Inc is introducing a new feature that will allow iPhones to accept card payments and digital payments. The feature, to be launched later this year, will use NFC short-range wireless data transfer technology to make all kinds of payments, including between iPhones, Apple said Tuesday. The tech giant added that it will not receive […]

The Russian government has supported the concept of regulation of cryptocurrencies developed by the Ministry of Finance. This is reported by RTVI with reference to a source. Until February 18, the Ministry of Finance together with the Central Bank, which previously advocated a complete ban on digital currency and mining, should prepare a bill on […]

The U.S. market rallied on Tuesday on the back of rising bond yields; with financial and small-cap companies driving the market’s gains and technology companies keeping pace. Tuesday also saw a rare drop in oil prices, as West Texas Intermediate recorded a second consecutive day of declines before the release of the API oil inventory […]

Gold prices have remained resilient in the face of broad market volatility in recent weeks, somewhat detached from the typical price drivers of bond yields and the dollar. Even as 10-year Treasury yields and the U.S. dollar index rose from intra-year lows in late January, the precious metal held above the $1,800 per troy ounce […]

Oil prices declined for a third session on Wednesday due to profit taking over concerns about a possible increase in supplies from Iran, despite industry data showing an unexpected drop in U.S. crude inventories. Brent crude futures were down 8 cents, or 0.1%, to $90.70 a barrel by 08:25 GMT, while U.S. West Texas Intermediate […]

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 […]