Category: News

The stock market in the United States, already restless due to a hawkish Federal Reserve and a confrontation between Russia and Ukraine, now faces a new threat: rising oil costs. Crude oil prices in the United States are currently hovering around $91 per barrel, having risen by 40% since December 1 and reaching their highest…

The ancient vice Chairman of Berkshire Hathaway, Charlie Munger is also known as the right hand of Warren Buffet being a straightforward person who has no regrets in saying that he hates crypto currency. The 98-year-old investing icon at the annual meeting for Los Angeles-based newspaper company Daily Journal Corporation while speaking at a question…

Expectations For Fed Rate Hikes in March Following hotter-than-expected inflation data increased pressure on the Federal Reserve to adopt a harder stance against soaring prices, major investment banks have drawn in a robust run of interest rate hikes for 2022. Consumer prices in the United States rose at their quickest rate since the early 1980s,…

Analysts at Goldman Sachs Group Inc. reportedly anticipate the Federal Reserve to lift interest levels seven times this year to combat rising U.S. inflation, up from five hikes previously expected. The shift in opinion follows the release of the January consumer price index report, which showed a 7.5 percent annual increase, the most since 1982.…

A representative for SoftBank Group Corp said on Wednesday that Alibaba’s recent registration of new American Depository Shares is unrelated to any specific potential deal. SoftBank said that the registration of the ADR conversion mechanism (F6 filing, which was filed by Alibaba) is not related to any specific future transaction by SBG. Alibaba, the e-commerce…