In this week’s recap, Marcello tells us that Elon Musk is again the world’s richest man after the stocks from Tesla spike 70%; Crypto Companies Behind Tether/Bitfinex Used Falsified Docs & Shell Companies to Get Bank Accounts; The largest supermarkets in UK are now strictly rationing many fruits and vegetables, 22% British households skipped meals or even fasted for a whole day in January. Russia’s grain exports are booming as buyers load up on its attractive bumper supplies. The country’s shipments of […]
Global Investing Blog
February 26: Cyber Attack At Food Companies, Poland preparing Russia Invasion, Stock Markets Puke (Recap ep216)
In today’s Recap, Marcello talks about the hacking that the Dole Food Company suffered, leaving ALL its North America Production in a halt, This firm is one of the world largest producers of fruits and vegetables; Poland has started Installing Anti-Tank barriers along its order with Belarus; Tuesday was the worst session of the year so far for all the US stock indexes. U.S. inflation data for January was hotter than expected. The core price index y/y came in at +4.7% vs […]
February 12: Internet Blackout Italy, IRS targets waiters, Record Crypto Hacks (Recap ep214)
Marcello is bringing us some news about a moment of internet blackout in Italy this week, As well as a new direction from the US’s IRS that might cause heavy consequences on the middle and lower class; We have also reached a new record regarding crypto hacks. Days after a huge earthquake brought death & destruction across southern Turkey & northwest Syria, the confirmed death toll from the deadliest quake in the region in 2 decades stood at 21K in both countries […]
February 5: United States World Order Coming To End, Recession Coming in Hot, Tesla Beats! (Recap ep213)
The United States World Order may be coming to an end, according to Marcello’s analysis in today’s Recap. More and more countries are analyzing the idea of trading directly among them, using their own currencies and leaving the dollar out of the negotiation. January’s rapid job creation dents concerns about a coming recession, reducing the likelihood that the Federal Reserve will be forced to cut interest rates soon. U.S. Traesury Department will make more Tesla vehicles elegible for tax credits. On Friday […]
January 29: Elon Musk’s next Billion dollar Co, Dollar Collapse immenent? Earth is in trouble (Recap ep212)
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 […]
January 22: More Massive Layoffs, WEF Saves Planet 1,000 Private Jets, Coffee Shortages (Recap ep211)
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 […]
January 15: Egg Shortages, Inflation Down, Airplanes Grounded over “Software Glitch” (Recap ep210)
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, […]
January 1: The worst year since 1871 (recap ep208)
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 […]
December 26: Elon Musk loses $100 billion, Blackouts In USA, more Crypto bankruptcies (Recap ep207)
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 […]
December 18: Is Binance Bankrupt? Fed Raises Rates, Colorado Sewage Water for Drinking (Recap ep206)
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 […]