An overly violent opening of trading in some stocks listed on the New York Stock Exchange caused panic on Wall Street on Tuesday as dozens of major U.S. companies lost billions of dollars in market value for no apparent reason, Bloomberg writes. Trading in dozens of large-cap stocks was halted within the first 30 seconds […]

Lukoil considers publications about its supplies of fuel to Ukraine from a Bulgarian refinery “deliberately false and unsubstantiated” and calls them part of European domestic political disputes. The company has warned that it is ready to defend its business reputation in court, according to Kommersant. Lukoil denies another information about the company’s deliveries of oil […]

Oil production in Russia will decrease by about 7-13% by the end of this year, predict Kept (former KPMG) partners Maxim Malkov and Marina Mizgireva in the study “Analysis of key trends and prospects for the development of Russian industries in the context of geopolitical turbulence”. RBC writes about it. This forecast is formed on […]

A group of billionaires from around the world has bought a stake in Thrive Capital, a venture capital firm founded by Josh Kushner, Bloomberg writes. According to a Thrive spokesperson, the deal values the firm at $5.3 billion, up from $3.6 billion in 2021, when the firm sold a stake to a unit of Goldman […]

Binance will launch a Self-Trade Prevention (STP) tool to eliminate the possibility of matching and execution of orders of the same trader (self-trading), which can be considered a type of market manipulation. The new feature will be available from January 26, the exchange said in a statement on its official website. Self-trading or “self-trading” occurs […]

Tesla CEO Ilon Musk laid out his action plan for the company’s fight against the recession, which focuses on maximizing cost reductions on everything from parts and logistics to lowering car prices, Reuters writes. Reporting on Tesla’s fourth-quarter results, Musk also talked about another part of such a plan, namely expanding production at Tesla’s newest […]

Russia is transshipping record volumes of Urals crude at sea, Bloomberg writes, citing tanker tracking data. According to the agency, a total of 19 million barrels of crude was probably transshipped at sea in January and December. In January, the volume of such raw materials may reach a record 14 million barrels, the publication said. […]

According to VTB (MCX:VTBR) forecasts, about 700 thousand new cars will be sold in the Russian car market this year, which will be almost 6% higher than last year’s figure. Thus, after the fall in 2022, the segment will once again show growth. “The past year for the domestic automotive market turned out to be […]

Gold continues to build on its steady upward rally and holds near its highest levels since April 2022, updated during Thursday’s Asian session. The XAU/USD pair is quoted at $1940 per troy ounce and retains the potential to test $1950. Market participants are in no hurry to open new positions ahead of the publication of […]

The dollar is near an 8-month low against other peer currencies as gloomy U.S. corporate reports heightened recession fears and traders remain vigilant ahead of a slew of central bank meetings next week, Reuters writes. The U.S. dollar index, which measures its exchange rate against a basket of six currencies, rose 0.1 percent to 101.65 […]

The European Commission is going to launch an antitrust investigation against Microsoft related to its corporate messenger and video communication service Microsoft Teams. This was reported by Politico on Wednesday, January 25, citing unnamed sources. According to them, the investigation is related to a complaint filed by another corporate messenger – Slack – back in […]

Meta* said on Wednesday it will restore former US President Donald Trump’s Facebook and Instagram (banned in Russia) social media accounts in the coming weeks after suspending them for two years following violent riots on Capitol Hill on January 6, 2021, Reuters writes. Reinstating the accounts could be to the advantage of Trump, who has […]

Code fragments from Yandex’s internal repository – a tool for storing and working with code – have been made publicly available, Forbes writes, citing the company’s press service. Earlier it was reported in social networks that 44.7 GB of Yandex source codes were leaked to the Internet. The company is conducting an internal investigation, Yandex […]

According to Tesla’s fourth-quarter report on Wednesday, it can be seen that the electric car maker is still holding approximately 9,720 bitcoins, having lost just $34 million on its investment in the cryptocurrency due to its price decline by the end of 2022, Cointelegraph writes. Meanwhile, the company did not buy or sell its bitcoins […]

South Korean prosecutors have requested an arrest warrant for Kang Jong-hyun, chairman and owner of cryptocurrency exchange Bithumb, on charges of embezzlement related to his activities at the exchange, Cointelegraph writes. The Seoul Southern District Prosecutor’s Office sentenced Kang and 2 other Bithumb executives on charges of embezzlement and breach of customer trust under the […]

Tesla shares soared 7% in the pre-market after an encouraging outlook for the year from Ilon Musk, which helped the overall market. It’s the height of earnings report season: Dow Chemical, American Airlines and – after the close of trading – Intel, to name just 3 companies. The U.S. released its GDP data, which exceeded […]

Hong Kong Stock Exchange Hang Seng Index jumped 2.5% to 22,605 points, according to trading data. This is the highest level since March 2022, writes RBC. The first trading day after the celebration of the New Year according to the lunar calendar, the main index of the Hong Kong Stock Exchange ended at 22,519 points […]