Finance world news

Growth

Bitcoin To Touch $5,000,000 by 2050 - AI Predicts

Bitcoin To Touch $5,000,000 by 2050 - AI Predicts

When you're looking at Bitcoin's potential future value, the span from $20,000 to a staggering $5 million is bound to raise eyebrows. Yet, this was the prediction range that emerged from a unique interaction between a noted cryptocurrency analyst and an AI model. The Bitcoin

The threat of delisting Chinese companies from U.S. stock exchanges has decreased dramatically.

The threat of delisting Chinese companies from U.S. stock exchanges has decreased dramatically.

U.S. auditors have gained access to Chinese data. In 2020, the U.S. passed a law that threatened firms whose working papers could not be audited with expulsion from the New York Stock Exchange and Nasdaq.

Highlights of the day

Highlights of the day

U.S. inflation fell to 7.1% in November from 7.7% a month earlier. Analysts had expected a decline to 7.3%. Falling energy and used car prices played a big role in the improvement in CPI. Indices are rising, hopes for a soft landing are coming to life.

Alibaba reported six months of fiscal year 2023

Alibaba reported six months of fiscal year 2023

Earnings per share were $1.82, compared to expectations of $1.65. Revenue was worse than expected: $29.12 billion, compared to the forecast of $29.61 billion. Revenue from cloud computing also fell short of expectations: ¥20.76 billion, compared with a forecast of ¥21.11 billion. The company

U.S. economy is too strong: Retail sales rose 1.3% month-over-month in October

U.S. economy is too strong: Retail sales rose 1.3% month-over-month in October

Last month was better than forecasts. Retail sales were flat in September. But already in October they were 0.3% better than the seasonally adjusted forecast. But this is a negative for the markets. In anticipation of the holiday season, Americans are already starting to buy more goods. Sales are

The U.S. stock market will rise today. Producer inflation slows rapidly

The U.S. stock market will rise today. Producer inflation slows rapidly

The annual core U.S. producer price index fell to 6.7% in October after 7.2% a month earlier. Forecasts were far from so optimistic. Analysts had expected the index to hold steady. After last week's CPI data, optimism returned to the US market. Today's

The EU is negotiating about 18 billion euros in financing for Ukraine, Bloomberg

The EU is negotiating about 18 billion euros in financing for Ukraine, Bloomberg

The commission is still working on the details of the new plan, and some elements, including the size of the package, have not been finalized. Ukraine will need about $38 billion in foreign financial aid next year.

OPEC countries participating in the OPEC+ deal increased oil production by 277,000 bpd in August, but fell behind the plan by 1.4 mln bpd

OPEC countries participating in the OPEC+ deal increased oil production by 277,000 bpd in August, but fell behind the plan by 1.4 mln bpd

OPEC also left its 2022 and 2023 demand forecast unchanged. Leading economies are doing better than forecast, which means demand will be robust. The latest macro data shows that OPEC is right.

Ministry of Finance and Central Bank advocated the legalization of cross-border payments in cryptocurrency - Frank Media

Ministry of Finance and Central Bank advocated the legalization of cross-border payments in cryptocurrency - Frank Media

Cryptocurrency settlements will partially help replace international SWIFT transfers. However, do not get too excited: legalization of transfers means control over transactions by the state. This is the official position of regulators. It is still unknown to what extent the Ministry of Finance and the Central Bank will regulate this

Yandex benefited from the asset swap with VK

Yandex benefited from the asset swap with VK

The company exchanged assets with VK. Yandex will get Delivery Club, while VK will get Yandex Zen and Yandex News. Yandex now owns the two largest food delivery services. Service Yandex and Delivery Club occupy about a quarter of the market of delivery of ready-made food. And the delivery market