Tesla shares rose significantly during trading today, Tuesday, with the support of the American electric car company’s announcement of its decision last week regarding the prices of its products. This comes in light of the increasing competitiveness in the electric car industry globally, as Tesla struggles to maintain the lion’s share of the market. Tesla … Read more
Bitcoin is trading above the 200 moving average for the first time since January 2022Bitcoin gains 34% since the bottom of November 2022 Bitcoin, the largest and most famous cryptocurrency in the world, rose by more than 7% to levels of $ 21,292 in the Saturday session, for the first time in about two months, … Read more
US stocks closed higher, recording gains for the second week in a row, on Friday, as shares of JPMorgan Chase and other banks rose after announcing their results for the fourth quarter, at the start of the corporate earnings season. The stocks of financial institutions were among the largest sectors supporting the index. JPMorgan Chase … Read more
US stocks closed with big gains on Wednesday, supported by a jump in the Nasdaq index, amid investor optimism ahead of the US inflation report, which could pave the way for the Federal Reserve (the central bank of the US States) to slow the pace of raising interest rates. Economists polled by Reuters had expected … Read more
Former Federal Reserve Chairman Alan Greenspan has warned that the US economy will experience a recession due to the Fed’s tightening policies. Greenspan added: “Although the last two inflation reports have shown a slowing rate of price increase, that doesn’t change the fact that prices are still rising… Official inflation data may remain weak in … Read more
Russia’s central bank maintained its key interest rate at 7.5% for a second consecutive meeting on Friday, December 16, but indicated that inflation risks are rising. The Bank of Russia has cut interest rates 6 times so far this year and the key rate remained stable at 7.5% in October, after cutting 50 basis points … Read more