August 18 2022 🕓 2 min
Norway’s state fund reports a loss of $173,1 billion
The Government Pension Fund of Norway has the largest half-year loss in its 26-year history, losing $173,1 billion from January to June.
Double digit inflation in Spain
June 29 2022
The current inflation numbers in Spain showed that the inflation in the country jumped from 8.7 % to about 10.2 %. With double digit inflation in one of the biggest countries in the Europe, the European Central Bank will need to speed up its monetary tightening efforts and become more hawkish, if it wants to stop this metric from growing.
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August 17 2022
UK inflation hit a new 40-year high
In July 2022, the annual inflation rate in the UK reached 10.1 percent, a new 40-year high that was far higher than analysts had predicted. Additionally, there is growing evidence that the Bank of England will continue its aggressive tightening policy to limit rising prices.
August 16 2022
US Builder confidence declines
Builder confidence in the US declined for the eighth consecutive month in August. This is due to the housing affordability issue still being exacerbated by high interest rates, persistent supply chain issues, and high home prices.
August 10 2022
The US inflation dropped to 8.5% for the first time since April 2022. It was expected to fall from 9.1% to 8.7%; however, surprising data revealed even a bigger drop.
August 3 2022
Turkey’s inflation continues to skyrocket
In July 2022, Turkey's annual producer inflation increased to 144.61 percent from 138.31 percent the month before. It was the highest inflation since records began in 1983, reflecting a significant depreciation of the Turkish lira.
August 2 2022
Zimbabwe’s inflation grew to 256.9%
The annual inflation rate in Zimbabwe increased to 256.9 percent in July 2022 from 191.6 percent the previous month, marking the highest level since February 2021. Strong inflationary pressures have been present in the nation, which are being blamed on the fluctuating exchange rate and external factors like the conflict in Ukraine.
August 2 2022
Pelosi visiting Taiwan may cause conflict
China's Foreign Ministry declared that if Nancy Pelosi, the speaker of the US House of Representatives, visits Taiwan, Beijing would not quietly sit by. China will "surely take forceful actions" to preserve its sovereignty and territorial integrity, the ministry reaffirmed, adding that the visit will have "severe implications."
More market movers
August 17 2022
UK inflation hit a new 40-year high
In July 2022, the annual inflation rate in the UK reached 10.1 percent, a new 40-year high that was far higher than analysts had predicted. Additionally, there is growing evidence that the Bank of England will continue its aggressive tightening policy to limit rising prices.
August 17 2022
BTC mining companies lost over $1 billion
In the second quarter, the three biggest US publicly traded Bitcoin mining companies (Core Scientific, Marathon Digital Holdings, and Riot Blockchain) suffered losses of more than $1 billion. This comes as a result of the massive decline in crypto prices.
August 17 2022
Michael Burry sold his entire portfolio
Michael Burry, a well-known hedge fund manager who predicted the 2008 crash, sold most of his stocks beside one. He invested in the private prison operator GEO Group, buying over 500,000 shares of the company.
August 17 2022
Alphabet enters blockchain & crypto space
Alphabet, the parent company of Google, is slowly entering the blockchain space. Over $1.5 billion has reportedly been invested by Alphabet in four blockchain and cryptocurrency companies. Alphabet has made investments in Voltage, the Digital Currency Group, Dapper Labs, Fireblocks, and more.
August 16 2022
Walmart stock is up by more than 5% due to the company's business stabilization after surging inflation. Walmart's CFO, John David Rainey, sees changes in consumer behavior due to high inflation. He thinks these problems will persist throughout 2022 but is optimistic about the year 2023.
August 16 2022
PayPal integrated more crypto services
PayPal has finished integrating cryptocurrency services completely. The platform now allows users to buy, sell, and transfer BTC, BCH, ETH, and LTC via PayPal. Users can also choose cryptocurrency at checkout for qualified purchases.
News
August 16 2022 🕓 2 min
BHP achieved record free cash flow of $24.3 billion
Australian mining company BHP Group experienced strong profit growth at almost all levels in the past financial year.
August 16 2022 🕓 5 min
Weekly macro report – the battle is not over
In our macro report, we analyze current inflation expectations and their implications. We also analyzed the previous rally and found the key driver.
August 16 2022 🕓 3 min
Bitcoin at crossroads: Where does it go from here?
The bear market stopped for a while, and BTC was able to jump from $17.5k to $25k. Now BTC is at crossroads, and the next move is questionable.
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