May 18 2022 🕓 2 min
Russian division of Google to declare bankruptcy
Google says it has no choice because the authorities have seized its bank account, preventing it from making even the most routine payments.
Market Movers
May 18 2022
Do Kwon will be sued
Do Kwon, the main person behind Terra (LUNA) and TerraUSD (UST) stablecoin will be sued by LKB & Partners, major Korean law firm, over the collapse of Luna and UST that we saw last week. The firm will be suing Do Kwon on behalf of investors who lost money and will try to seize the property of Do Kwon.
May 18 2022
Gas prices remaining high through 2022?
The European Commission stated that it is likely that the energy prices, especially gas, will remain high this year, which can potentially roll over even to coming three years. The Commission also stated that EU should try to be less reliant on Russia and its energy supplies to prevent this from happening in the future.
May 18 2022
Inflation in UK speeding up
The inflation numbers of United Kingdom that were released today confirmed that this problem is far from solved. At 9 % a year for the month of April, inflation is still speeding up, since the last recorded number was 7 %.
May 17 2022 🕓 3 min
Ryanair cut their loss last year and expect a profit this year
Ryanair reduced its net loss to €355 million in the last financial year from €1 billion in the previous financial year.
May 16 2022 🕓 3 min
SP500 falls below 4,000 USD as big banks sound negative
Wall Street analysts are increasingly pessimistic about the outlook for equities, and Goldman Sachs has become the latest to lower its year-end price forecast for the SP500 index.
May 15 2022 🕓 2 min
Saudi Aramco reported a very strong first quarter
Oil producer Saudi Aramco has reported a more than 80% rise in first-quarter net profit. This was primarily due to the high oil price.
May 13 2022 🕓 2 min
Apple is no longer the most valuable company in the world
Apple lost its position as the most valuable company in the world by market capitalization due to a massive sell-off in technology stocks.
May 13 2022 🕓 3 min
Dow Jones jumps after six days of losses
Sentiment appeared positive on Friday as we are experiencing some pause in the heavy selling from previous days.
May 11 2022 🕓 3 min
Electronic Arts grow after earnings thanks to positive news
EA reported positive results and a promising future outlook. Shares are up 10% despite the announcement of the end of cooperation with FIFA.
May 10 2022 🕓 2 min
Pfizer buys migraine drug maker Biohaven Pharmaceutical
US pharmaceutical company Pfizer will buy migraine drug maker Biohaven Pharmaceutical for about $11.6 billion.
May 9 2022 🕓 2 min
BioNTech triples key financial results in the first quarter
German biotechnology company BioNTech performed well in the first quarter. However, it expects a reduction in demand by the end of the year.