These are some of the most outstanding news this week: As of Thursday, in the U.S. stock market, forecast-beating results have helped ease investors’ worries that supply-chain difficulties would dent profits, sending stocks higher throughout October. With nearly 50% of S&P 500 companies having posted results this reporting season, about 82% of those have managed to beat analysts’ expectations for earnings. According to official data released on Wednesday, profits at China’s industrial companies rose at a faster pace in September than in […]
Recap October 24: Germany & Austria about blackout, Poverty increasing in USA, Shiba Inu! (Recap Ep146)
In this week’s recap, we find two main problems around the world: supply chain issues & rising inflation. Some governments warned their citizens of future blackouts due to the energy crisis that has become widespread in Europe and China. Such a crisis combined with rising food prices forecasts a complicated outlook for the coming years. U.S. markets ended the week positive, international markets ended mixed for the most part. The number of Americans filing new claims for unemployment benefits dipped to a […]
Things to know before traveling during Covid-19 Pandemic
Things to know before traveling during the Covid-19 Pandemic. The first thing to keep in mind and you should know is that things are going to change very fast especially now that people started to get vaccinated quite a lot, being the United States a little more extreme compared to the country Colombia which does not require any test to enter, but as time passes the requirements for travel may become a little stricter. About the things you should know before traveling […]
Recap October 17: “Coming Catastrophic Event”, USA approves Bitcoin ETF, Inflation getting worse (Recap Ep145)
In this week’s recap, we saw a general rise in global stocks, with the U.S. market ending positive and the European market having its best performance in 7 months on Friday. Earnings figures from banks boosted the markets a lot. Asia-Pacific stocks rose sharply as investors reacted to the release of China’s inflation data for September. Mainland Chinese stocks closed slightly lower. William Shatner, a Star Trek actor, traveled into space at the age of 90 on one of the flights made […]
Recap October 10: Energy Shortages, infrastructure Probs (instagram), Crisis Averted in USA (Recap Ep144)
In this week’s recap, Marcello talks about the possible energy crisis to come due to the increase in energy production costs; moreover, the effect of this and the increase in transportation costs makes the possible crisis look more and more real. Communications infrastructure failures (as happened with WhatsApp this week) may repeat themselves and even last longer. Shares of Moderna, a U.S. pharmaceutical and biotech company, fell -8.94% on Wednesday to $302.42 as European Nordic countries suspend the use of Moderna’s Covid-19 […]
Recap October 3: Robert Kiyosaki collapse October? Gas shortages London, Communism in Berlin (Recap Ep143)
In this week’s recap, Marcello talks about an interview with Robert Kiyosaki in which he discusses the possible collapse of the US economy and the stock market, supporting the idea of seeking other safe havens away from stocks. The gasoline shortage crisis in the United Kingdom foreshadows the possible social conflicts that could be caused by a major crisis. Following the German parliamentary elections, the Social Democratic Party (SPD) has taken the majority of the government. On Thursday, the UK announced that […]
Recap September 26: China Bans Bitcoin (again), Financial Crisis Averted, Socialism in Germany (Recap Ep142)
In this week’s recap, Marcello discusses the new ban imposed by China on Bitcoin transactions. The Financial Crisis that was on the verge of becoming a reality because of the Evergrande situation, seems to dissipate. Fearing the arrival of a leftist political movement to power in Germany, many millionaires started to move their fortunes out of the country. On Wednesday, it was reported that the main unit of China’s biggest property developer Evergrande had negotiated a deal with bondholders to settle interest […]
Recap September 19: Financial Crisis 2022? Hole in Ozone, Hyperinflation (Recap ep141)
In this week’s recap, Marcello talks about a financial Crisis to come due to several economic events that had occurred lately, including hyperinflation. A Hole in the Ozone is now a threat. European power prices have risen to multi-year highs on a variety of factors in recent weeks, coming from extremely strong commodity & carbon emission prices, to lower wind output. What’s worse, the record run in energy prices is not expected to end soon, instead analysts are warning, it is likely […]
Recap September 12: Bitcoin is money, SEC sues Coinbase, Inflation explodes (Recap Ep140)
In this week’s recap, U.S. stocks were mixed and global equities retreated from record highs as investors balanced growing concerns about the slowing pace of the economic recovery and expectations that the Federal Reserve will delay tapering its bond purchases and traders’ fear the Covid-19 spread will weigh on economic growth. The European Central Bank announced Thursday a slowing in the pace of net asset purchases, under its pandemic emergency purchase program, amid surging inflation & strong economic growth. Euro-zone inflation hit […]
Recap September 5: Worst Drought in 70 Years, Binance BANNED 3x, Bitcoin Fraud (Recap ep139)
In this week’s recap, Marcello talks about the worst drought in 70 years and how that is affecting the market and Binance has been banned by a third country. U.S. added just 235K jobs in August & unemployment rate fell to 5.2% from 5.4% in July, even as the economy appeared to falter w/surging coronavirus cases. Economists expected employment growth to slow slightly in Aug to a gain of 750K jobs, amid falling consumer confidence & disruptive school closures. Declines in restaurant […]