Global Investing Blog

In today’s recap, Marcello tries to explain how Chat GPT, which recently announced a paid version, has the potential to become the latest billion-dollar venture for Elon Musk; UAE and India are talking about using rupees instead of dollars to settle non-oil trades, which adds pressure on the dollar as a global reserve currency; and a new study suggests that the earth’s core may have stopped spinning or may even be spinning backwards. U.S. orange juice prices are expected to rise to […]

In this week’s recap, Marcello addresses the situation where tech firms are on their way to more massive layoffs and its possible effects on the market; WEF assistants are being questioned for using thousands of private jets to attend the forum while claiming for greener ways of living; and Brazil’s lower than expected coffee harvest might cause an unprecedented coffee shortage across the globe. According to data compiled by the Layoffs.fyi website over 55,000 global tech-sector employees have already lost their jobs […]

The egg shortage in the US brought on by the avian flu is leaving retail locations like Costco without eggs on their shelves; The Fed is likely to keep on track to further slow the pace of interest rate hikes due to inflation data showing cooling price pressures; and Airplanes across the USA were grounded and flights were canceled due to an FAA outage. This is the first time since 9/11 that all flights within the USA have been grounded. Last week, […]

On today’s recap, Marcello goes over the aftermath of the Fed’s interest rate increases that have occurred throughout the year in order to control inflation. Despite all the efforts made by the government, 2022 is looking to be the worst year for the economy since 1871. The U.S. Federal Reserve is committed to a historic tightening monetary path, with interest rate hikes at the most rapid pace since the early 1980’s. But as the domestic economy grinds to a halt & inflation […]

In today’s recap, Marcello discusses how Elon Musk has lost ground to Bernard Arnault as the richest person in the world as a result of a sharp decline in Tesla stock prices; rolling blackouts have affected many US states in recent days due to extreme weather; and one of the largest bitcoin miners, Core Scientific, has filed for bankruptcy. Elon Musk once worth $340B, is no longer the world’s richest man after a sharp drop in the value of his shares in […]

Marcello explains us in today’s Recap that Binance lost its key auditor and saw $5 billion in withdrawals in only one day; Colorado has started to pour recycled sewer sludge back into people’s drinking water faucets; the Fed interest rates were raised as anticipated but also hinted additional future rises in an effort to contain inflation. Canadian Securities Administrators (CSA), Canada’s financial regulator has provided new measures designed to strengthen its oversight of cryptocurrency exchanges, including a ban on margin/leverage trading. For […]

Marcello addresses Tesla’s intentions to significantly reduce Model Y production at its Shanghai facility by over 20% (relative to November) in today’s recap. In a contentious effort to encourage the use of digital payments, Nigeria has outlawed ATM transactions up to $45 per day; in North Carolina, two nights without electricity resulted in frigid temperatures when vandals shot up two electrical substations. U.S. producer prices (PPI) rose +0.3% last month, which was more than expected in November. Data for October was revised […]

In this week’s Recap, Marcello tells us about how the snowball of bankruptcies following the collapse of FTX is growing nonstop; A group of scientists has found and replicated some frozen viruses found in the Siberian permafrost; The dollar is still driving down a complicated road: Ghana wants to pay for oil products with gold rather than dollars. U.S. cryptocurrency brokerage Genesis says it is seeking to avoid bankruptcy after a report on Tuesday that creditors to the firm are organizing with […]

In today’s Recap, Marcello warns us about the hike in prices that food has suffered. While governments claim that inflation is low, food prices for the Thanksgiving holiday have risen by 20%; Elon Musk has stated that he may build his own phone in response to suggestions that Twitter be removed from the Android and Apple app stores; and Europe will undoubtedly suffer from blackouts during the coming winter due to the ongoing energy crisis. Chinese officials imposed more restrictions Wednesday to […]

In today’s Recap, despite the terrible cryptocurrency scenario brought on by the bankruptcy of the FTX exchange, we finally have some positive news on inflation as it came in under what was projected; Europe is still having trouble meeting its energy demands for the next winter. The cryptocurrency market plunged on Tuesday after the 2 biggest crypto exchanges in the world, Binance & FTX, came to a merger agreement to fix the latest reported “liquidity crunch”. Bitcoin plunged over -14% on Wednesday, […]