Author: Donald Munn
The Milan Stock Exchange opens in the positive zone with a swinging session throughout the day, but with changes of a few decimals. The Milan Stock Exchange remains in a bearish trend The analyzes on the Italian stock market and that of Wall Street According to analysts, the market has already priced in, or rather almost fully factored in, the uncertainty and criticality that has led to this downward spiral of almost all assets, with the exception of safe haven assets. The international crises between Russia and Ukraine and between the US and China in Taiwan, the problems related to…
Asked about her statements of the previous year on the subject of inflation on the microphones of Wolf Blitzer of CNN’s “The Situation Room”, US Treasury Secretary Janet Yellen admits her mistakes. Janet Louise Yellen told the broadcaster that: “I think I was wrong then about the path that inflation would take”. A statement that goes to confirm what everyone has labelled as one of the greatest underestimations of all time. Janet Yellen admits she underestimated the coming levels of inflation In the interview, Yellen, former Fed chair from 2014 to 2018 and in charge of the Treasury since 2021,…
The European Union has reached an agreement, which is estimated to bring up to 22 billion in lost revenue to the Kremlin’s coffers and a rise in the price of Brent crude Sanctions for Russia: the new oil embargo The new oil embargo imposed by the European Union is likely to have a negative impact on the Russian economy From today Moscow will no longer have the same strength; at least that is what Ursula Von Der Leyen and the European Union hope following the launch of the sixth tranche of sanctions against Russia. In fact, this time the Kremlin…
The company Revolut has released the latest data on its fintech app showing that new users, especially in the over-55 age group, have increased by 550%. Revolut records a boom in the number of users Revolut manages to attract more and more customers thanks to the variety of services offered The number of transactions made by users aged between 55 and 74 has grown by 590%, while the amount spent has increased by 660% over the past year. In 2022, the 55-64 age group spent an average of €745 per person, while those aged 65-74 spent around €700. The over-55s…
It has been confirmed that the process of Elon Musk’s takeover of Twitter is going ahead and with it will come numerous new features within the social network. Everyone is curious about the novelties that Elon Musk will bring to Twitter Until a few days ago, the deal seemed to have ground to a halt, but it seems to be going ahead anyway. For this reason, it is possible to imagine that within a few months the novelties announced by Elon Musk could start to arrive on Twitter. The novelty that has certainly attracted the most attention is freedom of…
Tesla stock has seen a significant drop in the value of its shares over the past month: not including the +7.43% yesterday, red dominates. Tesla (TSLA) stock falls significantly Tesla shares drop 19.71% Over the past month, the stock has lost 19.71% while from November to today it has lost a whopping $500 in value per share from $1,222 to $707. With the exception of the first quarterly earnings report for Musk, there hasn’t been much joy and it has been a chain of bad events that have led to this. The war in Ukraine, inflation, the commodities crisis, etc.,…
The US economy is at a dangerous crossroads. The fear of a US economic debacle is well-founded, and sounding the alarm is American entrepreneur and investor Bill Ackman. Bill Ackman: Concern grows due to high inflation Inflation will eventually bring down the American market, according to Bill Ackman According to the manager, without a decisive intervention by the Fed on rates, the economy would be heading broadly towards what will be America’s biggest economic crisis, something that gives the shivers just thinking about it. According to the founder of Pershing Square, who is very active on Twitter, the markets are…
Coinbase, the famous Nasdaq-listed US exchange, is the first crypto company to enter Fortune magazine’s top 500 companies. Coinbase enters Fortune list Despite the fact that Coinbase’s stock has lost more than 75% of its value in a year, the company has made it onto Fortune magazine‘s annual list of the top 500 US companies. This is the first time that a company in the crypto sector has made it onto Fortune’s prestigious list, which has been measuring the top American companies based on their turnover for 68 years now. Coinbase Global made it to 437th place, thanks to its…
Animoca Brands, a gaming software and venture capital company, says it remains optimistic about the future of the Web3 world, which encompasses metaverse, NFTs and crypto. This was stated by co-founder Yat Siu in his mid-year statement. Animoca Brands: Yat Siu is optimistic about the future of Web3, metaverse, NFTs and crypto According to reports, Yat Siu, co-founder and executive chairman of Animoca Brands, released his mid-year statement, remaining optimistic about the advancement of Web3, metaverse, NFTs and crypto, despite market concerns that have arisen since the beginning of the year. “Despite current market concerns, we remain undeterred and positive…
Prada, with its TimeCapsule collection, plans to launch limited edition physical and NFT items every first Thursday of the month, directly on its Prada Crypted marketplace. Prada and the monthly launch of TimeCapsule NFTs on Prada Crypted The famous fashion brand Prada has an original strategy: it plans to launch monthly NFT and limited edition physical objects from the TimeCapsule collection directly on its Prada Crypted marketplace. #PradaTimeCapsule revealed: This limited edition serial-numbered shirt is available for 24 hours starting today (June 2nd). By purchasing it, customers will become owners of a #NFT.Get one while you can.https://t.co/0ZZMaeKL1B pic.twitter.com/kgxecQyLgT — PRADA…