The US economy grew at an annualized rate of 2.9% in Q4 2022,. This is more than the expected 2.6%, following a 3.2% growth in the previous quarter.

The Central Bank of Kuwait lifted its interest rate by 50 bps to 4% on January 25th, 2023. The borrowing costs are now the highest since 2008. The central bank of Thailand also raised its rate by 25 bps to 1.50%, according to market expectations. The Bank of Canada increased its interest rate by 25 bps to 4.5% as forecasted.

The annual inflation rate in Australia climbed from 7.3% to 7.8% in Q4 of 2022, above market estimates of 7.5%. Singapore’s inflation fell to 6.5% from 6.7%, according to the forecast. Inflation in New Zealand stayed steady at 7.2%.

Key lending rates by the People’s Bank of China (PBoC) were left unchanged for a fifth consecutive month. The prime lending rate for one-year consumer and business loans is unchanged at 3.65%.

The Bank Indonesia (BI) lifted its interest rate by 25 basis points to 5.75%, the sixth consecutive increase in a row. It’s the first increase in interest rates since the beginning of 2023.

The UK’s annual inflation rate dropped to 10.5% in December 2022 from 10.7% in the previous month. South Africa saw inflation fall from 7.4% to 7.2%. Inflation in the European Union declined from 10.1% to 9.2%. All the drops in inflation were in line with market expectations.

The price of natural gas in Europe tumbled for the fifth day in a row, dropping below 54€ on Friday. Prices have dropped 20% in just one week and are now close to levels not seen since September 2021.

Tesla announced it didn’t sell any Bitcoin in Q4 2022. However, its portfolio was at $184 million, down from $218 million at the end of Q3 due to the drop in Bitcoin’s price. This loss should now be erased as Bitcoin surged massively in January.

After Hindenburg accused Adani Group (ADANIENT) of massive fraud, the stock plunged significantly. The stock is now down over 16% in just one day and 33% from its peak.

A new report reveals that FTX owes money to some of the biggest companies in the world. These include Netflix, Apple, Binance, and many others. The document doesn’t show the amount each is owed, but it’s allegedly billions of dollars.

The US economy grew at an annualized rate of 2.9% in Q4 2022,. This is more than the expected 2.6%, following a 3.2% growth in the previous quarter.

Tesla’s stock surged 7% after Q4 results revealed the company’s annual revenue experienced growth for the 10th year in a row. The company made $24.3 bn in revenue and $1.19 in EPS. Tesla delivered 405,000 cars in Q4.