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Tesla to invest over $500 million to expand its network of EV fast charging stations 05/13/2024

UK authorities cut stake in NatWest bank below 27 per cent 05/14/2024

Bloomberg reports of agreement to use ChatGPT features in the iPhone 05/13/2024

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Economics

OPEC secretary general assesses alternatives to oil and gas

Despite the rapid development of renewable energy sources, oil and gas will remain the world's primary sources of energy until 2045, with their proportion of the global energy mix remaining at more than 50%, according to OPEC Secretary General Mohammed Barkindo. "Some argue that oil and gas should...

Japan's GDP falls by 3.6% year-on-year in Q3

Japan's GDP in the third quarter of 2021, according to the final estimate, fell by 3.6% year-on-year (if GDP had been falling at the same rate for four consecutive quarters), government figures show. Analysts polled by DailyFx had expected a 3.1% decline. By the previous quarter, Japan's GDP had...

Investors start dumping shares in Asian companies after omicron emerges

Following the development of the omicron coronavirus strain, investors have begun fleeing from shares in Asian companies. According to Bloomberg, the region was severely impacted by the last delta strain, and market investors chose to hedge their chances. Following the discovery of a new form of...

Georgieva Says Growth Downgrades Likely Because Of Emergence Of Omicron Variant

The global economic growth projections made by the International Monetary Fund would likely be reduced due to the emergence of the Omicron variant of the coronavirus, according to IMF Managing Director Kristalina Georgieva. "A new variant that may spread very rapidly can dent confidence,...

Worst Performance Since March 2020 In November For Hedge Funds Due To Omicron-Linked Volatility

November appears to have been the worst month for global hedge fund performance since the novel coronavirus initially shut down economies at the outset of the Covid-19 epidemic, thanks to Omicron-fueled market volatility. According to early statistics from industry analysis company...

Reuters: S&P 500 to rise by 7.5% in 2022

According to analysts and strategists surveyed by Reuters, the S&P 500 index would climb 7.5 percent from the beginning of December this year to the end of 2022, bringing it to 4,910 points. This is much lower than the predicted growth in 2021, when the S&P 500 is expected to rise by 21% over...

Fed: US economy grows moderately but is held back by supply disruptions

The US economy grew at a moderate pace in most counties in October and November, but growth was held back by supply chain disruptions, according to the Beige Book, a summary of the Federal Reserve's (Fed) comments on the country's economic situation. "Economic activity grew at a moderate pace in...

IATA: Global air cargo traffic increased in October

Global air cargo volume grew by 9.4% in October 2021 compared to the same period in 2019, the International Air Transport Association (IATA) said in a press release. In September, the same growth rate was 9.1%, the release noted. The October 2021 to October 2020 growth rate is estimated at 13.5%....

JPMorgan expects rally on exchanges despite Omicron spread

JPMorgan analysts predict that the spread of the omicron strain will not stop the rally in stock exchanges. They believe vaccines and new coronavirus drugs will help cope with it. JPMorgan strategists predict that the new strain of coronavirus will not stop the growth in the global stock market,...

Fed's Jerome Powell Hints Fed’s December Meeting Could Decide On Faster Bond-Buying Tapering

US Federal Reserve Chair Jerome Powell has said that central bankers of the country would consider the ending their asset purchases a few months earlier than expected in their scheduled meeting in December as Powell cited a robust economy, but stagnant job growth, and high inflation that is...