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, […]

Danish pension fund AkademikerPension announced plans to get rid of bonds of oil and gas companies from its portfolio for more than $300 million by the end of 2022, Bloomberg writes. The fund said that the issuers whose securities will be sold include U.S. oil company Occidental Petroleum, Russia’s Gazprom, Mexican state oil and gas […]

The dollar rose after better-than-expected U.S. consumer price data on Thursday, pushing the dollar higher as the data showed the Federal Reserve may be more aggressive in fighting rising inflation. The dollar index, which measures the value of the U.S. currency against six major currencies, rose 0.23%. Against the euro, the single European currency fell […]

OPEC said Thursday that global oil demand could rise even more sharply this year as the world economy shows a strong recovery from the pandemic, which would support prices already at a seven-year high. The oil shortage has also given a boost to energy markets, and a report from the Organization of the Petroleum Exporting […]

El Salvador is facing another flogging from a traditional financial firm for its “forbidden” love affair with bitcoins ( BTC ). US credit rating agency Fitch Ratings downgraded El Salvador’s long-term issuer default rating from B- to CCC, citing “policy unpredictability” and “acceptance of bitcoins as legal tender” as some of the factors that led […]

Canadian business jet maker Bombardier said Thursday it will increase production of its best-selling jets and forecast higher deliveries in 2022 after reporting adjusted quarterly profit. Business jet makers are ramping up production of corporate jets in response to increased demand from wealthy travelers who opt for private flights during a pandemic, but supply chain […]

The Canadian dollar weakened against the U.S. dollar on Thursday as data showing U.S. inflation soared to a 40-year high in January raised expectations of an aggressive interest rate hike by the Federal Reserve. U.S. bond yields rose and the dollar strengthened against a basket of major currencies as the U.S. consumer price index rose […]

McDonald’s will open virtual restaurants in meta-universes, and Binance invested $200 million in Forbes – these and other important news of the cryptocurrency market in our daily review. Cryptocurrency exchange Binance has announced a $200 million investment in media holding company Forbes. The funds will support the company’s plans to enter the stock market through […]

St. Louis Fed President James Bullard said Thursday he has moved to a ” dramatically” more hawkish stance in light of the highest U.S. inflation figures in nearly 40 years and now wants to see interest rates raised by a full percentage point over the next three meetings of the U.S. central bank. “I’d like […]

The ruble is getting cheaper against the dollar on Friday morning, together with its peer currencies, reacting to the negative expectations of the Fed rate hike for risky assets; at the same time, it is getting more expensive against the euro, looking back at the dynamics of the main currency pair. At the same time, […]

Britain on Thursday published a new document expanding the range of people linked to Russia who could be subject to sanctions if Moscow decides to invade Ukraine. Britain says it will allow it to impose tough sanctions on those close to the Kremlin and involved in destabilizing Ukraine. It is part of an international effort […]

Cryptocurrency exchange Binance has bought a stake in the American edition of Forbes for $200 million, CNBC reports. According to sources, the deal will make Binance one of the publication’s largest shareholders. Binance invested $200 million in exchange for an undisclosed stake. The deal will help Forbes finalize preparations to go public via SPAC in […]