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 […]

The Fed is set to raise interest rates another 25 basis points today; with all eyes on how Fed Chair Jerome Powell will respond to speculation of a rate cut later this year. Eurozone inflation slowed sharply in January, but the ECB is still expected to raise rates by 50 basis points on Thursday. Snap […]

Berenberg analyst Andrian Janoszyk believes that the valuation of Tesla “came down to earth”, so it’s time to buy shares, writes Business Insider. According to the expert, lower prices for the carmaker’s models is an “investment in growth”. According to him, CEO Ilon Musk’s distraction on Twitter (NYSE:TWTR) and COVID demand risks in China seem […]

The US Federal Reserve raised the prime rate to the lowest since March 2022, and Veon shares soared 23% after the news of VimpelCom sale – these and other important news for Thursday morning, February 2, in our daily review. The U.S. Federal Reserve raised the prime rate range by 0.25 percentage points to 4.5-4.75% […]

Shares of Chinese companies related to artificial intelligence are showing the strongest growth in recent months. The new rally was triggered by the growing popularity of the ChatGPT neural network. About it writes Bloomberg. Quotes of Beijing-based Deep Glint Technology (SS:688207) have added more than 15% since the opening of trading on Wednesday, and over […]

The dollar fell on Thursday after the U.S. Federal Reserve signaled to the market that the end of the central bank’s rate hike campaign is near, Reuters writes. Investors were optimistic about a dovish hint from Fed chief Jerome Powell’s statement on Wednesday that the world’s largest economy had begun a deflationary process, although he […]

Gold prices rose to a nine-month high on Thursday after rising sharply in the previous session as the Federal Reserve’s pledge to keep raising interest rates weakened the dollar and heightened concerns about a possible slowdown in economic growth this year. The yellow metal largely outperformed its peers this week, with the Fed meeting boosting […]

 Swedish automaker Volvo is preparing for a mass conversion of all of its core models – 3 SUVs and 2 sedans – to electric vehicles, as well as a luxury electric van, to ramp up sales in Asia, Reuters writes. Volvo, wholly owned by China’s Geely Automobile Holdings (HK:0175), will launch at least 6 new […]

The Bank of England raised its benchmark interest rate by 50 basis points to 4% from 3.5% at the end of its February meeting, according to the regulator’s press release. The central bank’s decision coincided with the forecasts of analysts surveyed by DailyFx. The rate is now at its highest level since October 2008, when […]

The European Parliament has called on EU countries to adopt the 10th package of sanctions against Russia “as soon as possible,” Kommersant reports. It is also proposed to ban companies still remaining in Europe, including Lukoil and Rosatom, from operating in the EU market, as well as to refuse not only to import oil and […]

Warren Buffett’s investment company Berkshire Hathaway has sold 1.55 million BYD shares listed on the Hong Kong Exchange. The sale amounted to HK$351.8 million ($44.85 million). This is reported by Reuters. Thus Berkshire Hathaway reduced its stake in the company to 12.9%. The fund began to reduce the position in shares BYD in August last […]

The owner of South Korea’s largest cryptocurrency exchange Bithumb, Kang Jong-hyun, has been arrested on multiple charges including dereliction of duty, market manipulation and fraudulent transactions, Cointelegraph writes. Kang Jong-hyun, 41, is the older brother of Kang Ji-yong, the head of Inbiogen, a Bithumb subsidiary that holds the largest stake in Vidente Vidente, Bithumb’s largest […]

The ECB, following the Bank of England, raised the rate by 50 bps to 3%, according to the regulator’s press release. This is the maximum value since 2008. Nevertheless, the regulator noted that it plans to hold another rate hike by 50 bp in March. The ECB signaled a further increase in order to bring […]