The exchange price of gas at the opening of trading on ICE Futures fell by more than 10% in early trading on January 24. The cost of February futures at the TTF hub in the Netherlands fell to €59.6 per 1 MWh, or $681 per thousand cubic meters, taking into account the current exchange rate, […]

Ilon Musk testified in court for the second day in a row about his publication on Twitter about plans to privatize Tesla at a price of $420 per share and the availability of secured financing for such a deal, Yahoo writes. The proposal to privatize Tesla was based on the possibility of using in the […]

The US Department of Justice is preparing to file a lawsuit against Google because of the company’s dominant position in the digital advertising market. This is reported by Bloomberg with reference to informed sources. It is expected that the case will be filed in federal court by the end of the week, the agency’s interlocutors […]

Nvidia has surged to the top, becoming the most bought stock on Wall Street after artificial intelligence tool ChatGPT conquered the world, Bloomberg writes. The chip maker’s stock has surged 29% since the start of the year, making it the top performer in the S&P 500 index, all thanks to the hype surrounding a chatbot […]

Cryptocurrency exchange Bitzlato converted about 1 billion euros of crypto assets linked to crime, Europol said. The platform is suspected of facilitating the laundering of large amounts of criminal proceeds and converting them into rubles, the report said. On January 18, the U.S. Department of Justice announced the suspension of Bitzlato crypto exchange registered in […]

U.S. automaker Ford Motor Co. plans to cut thousands of jobs in Europe, the Financial Times reported, citing Germany’s largest labor union. IG Metall, which represents more than 2.2 million workers in the automotive, electrical and metallurgical industries, said that Ford intends to cut up to 3.2 thousand jobs in Germany and is preparing further […]

China pointed to the debt problems of the United States, which is literally “teetering” on the edge of its own debt limit, responding to criticism from the country’s Treasury Secretary Janet Yellen over China’s handling of its debt problems, Bloomberg writes. The criticism came from the Chinese embassy in Lusaka, Zambia, which criticized the U.S. […]

Microsoft will be the first of the major companies in the technology sector to report earnings for the last quarter of 2022, and its profits are expected to fall. At the same time, other data must be taken into account, particularly from General Electric, which suffered by presenting a weak forecast, while Johnson & Johnson’s […]

The U.S. Attorney’s Office recently seized just under $50 million from Sam Bankman-Fried’s account at Farmington State Bank, which previously had only 3 employees, writes Business Insider. The bank specialized in agricultural loans for farmers until March 2022. The firm Alameda Research later acquired a stake in Farmington, after which it was renamed Moonstone. FTX […]

More than 3,000 employees of online retailer Amazon.com Inc. in the states of New York, California and Washington received layoff notices as part of the company’s second wave of large-scale layoffs, MarketWatch reports. 2,320 workers in the cities of Seattle and Bellevue in Washington, 504 people in four California cities and another 299 in New […]

U.S. Microsoft Corp (NASDAQ:MSFT). increased revenue in its fiscal second quarter by 2% for the quarter ended Dec. 31 to $52.75 billion, up from $51.8 billion in the same period a year earlier. Experts surveyed by FactSet had on average forecast the company’s revenue at $52.99 billion and net income at $2.29 per share. Microsoft’s […]

In its Jan. 23 bulletin, the Central Bank of Saudi Arabia announced that it is exploring a central bank digital currency (CBDC), but has yet to announce its official launch, Cointelegraph writes. For now, the bank is working on a phase of the project that “focuses on internal options to use CBDC for wholesale use […]

Tesla CEO Ilon Musk, known for seeking to challenge all forms of power representation, is convinced that consulting firms ISS and Glass Lewis wield excessive power over the market, The Street writes. Most recently, he criticized Anthony Fauci, the immunologist who was America’s chief medical officer during the coronavirus pandemic, even though it could have […]

Stock indices of the Asia-Pacific region (APR) ended the session with multidirectional changes. Activity of trades remains lower than usual level, as exchanges of China and Hong Kong are closed in connection with celebration of New Year on lunar calendar, notes MarketWatch. Investors evaluated reporting of large companies for the past quarter and statdata from […]

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 […]