August 7 2022 🕓 2 min
Berkshire Hathaway posted a loss of $43.8 billion
The company was mainly affected by the situation on the stock markets. However, despite this, the company posted a positive operating profit.
Market Movers
August 6 2022
Musk vs Agrawal on the table?
Elon Musk has only recently challenged Parag Agrawal, CEO of Twitter, to a public debate. The main topic of the debate would be the bots and their presence on the social media platform. While it is unlikely for the debate to take place, it would be without any doubt a very popular and watched event.
August 6 2022
Fed with more 75 bps rate hikes?
Fed Governor, Michelle Bowman, has stated recently that the central bank of the United States should keep raising interest rates. Bowman stated that Fed should keep hiking interest rates by 75 bps until they see decline in inflation that is consistent, meaningful and lasting.
August 6 2022
Elon Musk showing support for Dogecoin
Elon Musk, CEO of Tesla, has been a supporter of Dogecoin for quite a while. Tesla has sold most of its bitcoins last quarter, while Elon Musk once again showed that he believes in Dogecoin more than in Bitcoin by claiming that Dogecoin is better at handling lots of transactions than Bitcoin.
August 6 2022 🕓 4 min
Crypto news summary: Meta, Coinbase, and Solana hack
Meta continues to integrate NFTs worldwide, Coinbase partnered with BlackRock, Solana hot wallets hacked and much more in crypto news summary.
August 5 2022 🕓 2 min
Allianz’s net profit down 23% in the Q2
This was partly due to a restructuring charge of around €140 million to wind down part of its US business, which has been linked to fraud.
August 5 2022 🕓 2 min
Gold’s volatility rises with tensions in Taiwan
The price of gold is volatile thanks to the geopolitical tensions in Taiwan, the global economic slowdown, and the Fed's monetary policy.
August 5 2022 🕓 3 min
USD/CAD eyes 1.29 ahead of labor market combo
Volatility will certainly be elevated today as both the US and Canada will publish their jobs market numbers.
August 5 2022 🕓 3 min
World food prices gradually falling
World food prices fell by almost 9% in July. They showed the sharpest month-on-month decline in almost 14 years.
August 5 2022 🕓 3 min
From $7.8 to $2 555 in 17 days – the story of AMTD
AMTD Digital is a Hong Kong-based company that came out of nowhere and took over the American stock exchange with massive gains.
August 5 2022 🕓 2 min
Big investments in China’s energy infrastructure
China's largest power company will soon begin construction of new long-distance transmission lines worth $22 billion.
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![World food prices gradually falling]()
August 5 2022 🕓 3 minWorld food prices gradually falling
World food prices fell by almost 9% in July. They showed the sharpest month-on-month decline in almost 14 years.![Commodities on the way to erase monthly losses]()
July 29 2022 🕓 3 minCommodities on the way to erase monthly losses
A turbulent July for markets. Especially for commodities. A significant decline in the first half, but Fed helped.![Big investments in China’s energy infrastructure]()
August 5 2022 🕓 2 minBig investments in China’s energy infrastructure
China's largest power company will soon begin construction of new long-distance transmission lines worth $22 billion.![Gold’s volatility rises with tensions in Taiwan]()
August 5 2022 🕓 2 minGold’s volatility rises with tensions in Taiwan
The price of gold is volatile thanks to the geopolitical tensions in Taiwan, the global economic slowdown, and the Fed's monetary policy.![From $7.8 to $2 555 in 17 days – the story of AMTD]()
August 5 2022 🕓 3 minFrom $7.8 to $2 555 in 17 days – the story of AMTD
AMTD Digital is a Hong Kong-based company that came out of nowhere and took over the American stock exchange with massive gains.![DAX flies after miserable EU data]()
August 3 2022 🕓 3 minDAX flies after miserable EU data
It looks like investors are ignoring mounting economic problems in Germany, buying the German DAX index.![Uber achieves positive free cash flow]()
August 3 2022 🕓 2 minUber achieves positive free cash flow
US company Uber Technologies achieved positive free cash flow in the second quarter. This was the first time in its history.![Crypto news summary: Cathie Wood, El Salvador, and Shiba Inu]()
August 1 2022 🕓 5 minCrypto news summary: Cathie Wood, El Salvador, and Shiba Inu
Cathie Wood is dumping Coinbase stocks, but El Salvador continues to adopt Bitcoin in several ways. Shiba Inu turns two and much more.![CATL will not invest in the US for now]()
August 3 2022 🕓 2 minCATL will not invest in the US for now
CATL postpones investment in US battery production. This is due to the deteriorating situation between the US and China.![Crypto outlook: Solana, Dogecoin, and Cronos]()
August 2 2022 🕓 4 minCrypto outlook: Solana, Dogecoin, and Cronos
Some cryptos now might offer solid trading opportunities as crypto markets went through a bloodbath.![Pfizer increased quarterly net profit by 78%]()
August 1 2022 🕓 2 minPfizer increased quarterly net profit by 78%
Pfizer reported big increases in Q2 earnings and nearly all key metrics almost entirely due to its Covid vaccine and antiviral pill.![USD/CAD eyes 1.29 ahead of labor market combo]()
August 5 2022 🕓 3 minUSD/CAD eyes 1.29 ahead of labor market combo
Volatility will certainly be elevated today as both the US and Canada will publish their jobs market numbers.![Venezuela’s oil export drops by almost 30%]()
August 4 2022 🕓 2 minVenezuela’s oil export drops by almost 30%
Compared to June, Venezuela's exports fell by almost 30% in July. This is mainly due to power outages and lack of investment.![Amazon had a good quarter]()
July 29 2022 🕓 2 minAmazon had a good quarter
Amazon has shown an increase in sales in the last quarter and expects a positive development in the future, which pleased investors.![EUR/USD advances despite miserable German data]()
August 1 2022 🕓 3 minEUR/USD advances despite miserable German data
This morning, German retail sales came in at the lowest level ever recorded, while the manufacturing PMI in the euro area remained in the contraction range.
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Forex
August 5 2022 🕓 3 min
USD/CAD eyes 1.29 ahead of labor market combo
Volatility will certainly be elevated today as both the US and Canada will publish their jobs market numbers.
August 4 2022 🕓 3 min
GBP/USD drops after dovish BoE decision
The Bank of England hiked rates to 1.75%, but the Pound declined anyways as the central bank indicated an incoming recession.
August 2 2022 🕓 3 min
AUD/USD craters after RBA hikes rates
A 50 bps rate hike failed to spur any bullish momentum in the Australian dollar and it cratered instead.
August 1 2022 🕓 3 min
EUR/USD advances despite miserable German data
This morning, German retail sales came in at the lowest level ever recorded, while the manufacturing PMI in the euro area remained in the contraction range.
Stocks
August 7 2022 🕓 2 min
Berkshire Hathaway posted a loss of $43.8 billion
The company was mainly affected by the situation on the stock markets. However, despite this, the company posted a positive operating profit.
August 5 2022 🕓 2 min
Allianz’s net profit down 23% in the Q2
This was partly due to a restructuring charge of around €140 million to wind down part of its US business, which has been linked to fraud.
August 5 2022 🕓 3 min
From $7.8 to $2 555 in 17 days – the story of AMTD
AMTD Digital is a Hong Kong-based company that came out of nowhere and took over the American stock exchange with massive gains.
August 3 2022 🕓 2 min
CATL will not invest in the US for now
CATL postpones investment in US battery production. This is due to the deteriorating situation between the US and China.
Commodities
August 5 2022 🕓 2 min
Gold’s volatility rises with tensions in Taiwan
The price of gold is volatile thanks to the geopolitical tensions in Taiwan, the global economic slowdown, and the Fed's monetary policy.
August 5 2022 🕓 3 min
World food prices gradually falling
World food prices fell by almost 9% in July. They showed the sharpest month-on-month decline in almost 14 years.
August 5 2022 🕓 2 min
Big investments in China’s energy infrastructure
China's largest power company will soon begin construction of new long-distance transmission lines worth $22 billion.
August 4 2022 🕓 2 min
Venezuela’s oil export drops by almost 30%
Compared to June, Venezuela's exports fell by almost 30% in July. This is mainly due to power outages and lack of investment.
Crypto
August 6 2022 🕓 4 min
Crypto news summary: Meta, Coinbase, and Solana hack
Meta continues to integrate NFTs worldwide, Coinbase partnered with BlackRock, Solana hot wallets hacked and much more in crypto news summary.
August 2 2022 🕓 4 min
Crypto outlook: Solana, Dogecoin, and Cronos
Some cryptos now might offer solid trading opportunities as crypto markets went through a bloodbath.
August 1 2022 🕓 5 min
Crypto news summary: Cathie Wood, El Salvador, and Shiba Inu
Cathie Wood is dumping Coinbase stocks, but El Salvador continues to adopt Bitcoin in several ways. Shiba Inu turns two and much more.
July 29 2022 🕓 4 min
Interest rates are rising and so is crypto
Despite the overall economic and political situation in the world, cryptocurrencies are experiencing very solid price growth. Why?
