Russia’s industrial production and investments are currently stagnating, according to a report by the Centre for Macroeconomic Analysis and Short-Term Forecasting. The report highlights a decline in profitability across various industries and a shortage of imported components and raw materials. This situation poses a significant challenge to the overall economic performance of the country. In
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In today’s rapidly evolving technological landscape, it is crucial for tech investors to stay ahead of the curve. According to Brett Winton, the chief futurist at ARK Invest, there are five key areas that should give investors an edge. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage. Winton believes that
In light of recent developments, Russia has hinted at a possible response to the potential seizure of its frozen currency reserves by the United States. Dmitry Medvedev, a senior security official in Russia, raised the possibility of seizing the assets of U.S. citizens and investors in Russia if such an action were to occur. This
China’s industrial profits have shown a smaller increase in the first quarter compared to the initial two months of the year. The latest data from the National Bureau of Statistics revealed a 4.3% rise in profits from a year earlier, which is significantly lower than the 10.2% increase seen in the first two months of
The upcoming Federal Reserve meeting will be closely watched by investors as they look for hints on the central bank’s stance on interest rates. While a rate cut is unlikely, comments from Fed Chair Jerome Powell regarding potential policy easing later in the year will be scrutinized. The Fed previously projected three rate cuts in
In the latest trading session, U.S. stocks closed on a high note, driven by a rally in megacap growth stocks such as Alphabet, Microsoft, Amazon, Nvidia, and Meta Platforms. The surge in these tech giants came on the back of impressive quarterly results, with Alphabet even announcing its first-ever dividend and a massive stock buyback
The U.S. Treasury Department is set to unveil its refunding plans for the upcoming quarter, and there are mixed expectations from investors. The size of most auctions is anticipated to remain steady after consecutive increases in the past quarters. This pause in auction size growth could provide some relief to the market, especially after last
Chinese electric car start-up Nio, known for its premium vehicles, is now set to enter the lower-priced segment of the market. The company’s CEO, William Li, revealed plans to release a new mass market SUV that will be priced cheaper than Tesla’s Model Y, which starts at 249,900 yuan ($35,197) in China. This strategic move
The GBP/USD pair is currently in the midst of a recovery wave from the 1.2300 level. It started an upward movement above the 1.2400 resistance, indicating a positive trend for the British Pound. However, there is a key bearish trend line forming with resistance near 1.2520 on the daily chart of GBP/USD at FXOpen. This
The Japanese Yen (JPY) has been experiencing bearish pressure lately, trading at its weakest level against the US Dollar in over three decades. This decline comes following the decision by the Bank of Japan (BoJ) to keep monetary policy settings unchanged. With the key interest rate target range steady at 0%-0.1%, the BoJ has stated
The United States experienced a slowdown in economic growth in the first quarter of the year, falling below the Federal Reserve’s estimates of the economy’s long-run potential for the first time in almost two years. This decrease in growth was accompanied by fast inflation, presenting a challenging situation for the central bank to navigate. The
Deutsche Bank recently reported a 10% increase in first-quarter profit, surpassing expectations and sending its shares soaring to a more than six-year high. The German lender’s net profit attributable to shareholders stood at 1.275 billion euros, exceeding the aggregate analyst forecast for the period. This marked the bank’s highest first-quarter profit since 2013 and its