Business – Page 8 – PressClub World

15. 3. 2023 No Responses

Rumour: Hypersonic Missile Kinzhal Destroyed NATO’s Deep Underground Command Bunker in Kiev

Note: This is a rumour, unconfirmed by thousands of other media outlets. The Greek portal of political and military information Pronews, citing American sources: A Russian hypersonic missile “Kinzhal” struck at a joint Ukrainian-NATO command and communications center. According to...

14. 3. 2023 No Responses

Moody’s Downgrades Entire U.S. Banking System

Late Monday, the credit rating agency, Moody’s, downgraded the entire U.S. banking system outlook to negative from stable. This important message was widely suppressed, as if on orders from agents in command. Ttao’s reaction from Moody’s suggests...

13. 3. 2023 No Responses

Banks Plunge, Futures Tumble As Analysts Realizes Latest Bailout Is Insufficient

Goldman Sachs calling a pause in the Fed’s hiking cycle, 2Y yields have plummeted a staggering 50bps, suffering the biggest 2-day drop since Black Monday in October 1987. Most US banking stocks cede early gains to trade around flat or...

11. 3. 2023 No Responses

USDC Depegs From $1

U.S.-based casual stablecoin USDC issuer Circle held a part of its USDC stablecoin’s cash reserves at Silicon Valley Bank as of Jan. 17, according to the firm’s latest attestation. USDC is the second-largest stablecoin on the market, with a $43 bill...

10. 3. 2023 No Responses

Meta is building a decentralized text focused app

The social networking giant is reportedly in the early stages of developing an app codenamed P92 that would let users post text-based updates, and it’s going to support Mastodon’s social networking protocol called ActivityPub. Meta confirmed that a...

9. 3. 2023 No Responses

Pentagon seeks $300 billion to replenish depleted munitions sent to Ukraine

The US Department of Defense has planned to seek a huge budget to replenish the arms and munitions the Pentagon sent to Ukraine, where Moscow says it’s fighting a proxy war against Russia. The Pentagon seeks more than $300 billion...

8. 3. 2023 No Responses

Commodity Traders Record $115 Billion In 2022 Profit

According to a new report from Oliver Wyman, commodity traders saw record gross margins of about $115 billion last year. According to the report, industry gross profit margins have roughly tripled from $36 billion in 2018, with those of independent...

6. 3. 2023 No Responses

Iran discovered world’s second-largest lithium deposit

Iranian officials claimed to have found a deposit containing 8.5 million metric tons of lithium ore in the country’s Hamedan Province. Lithium is a crucial raw material for the production of batteries, used in all kinds of electronic devices, from...

5. 3. 2023 No Responses

Central Banks Around The World Are Suffering Heavy Losses

Central bank balance sheets, bloated by a decade of monetary manipulation, now yield less than overnight interest rates. That gap is producing staggering losses for the very same central bankers responsible for creating it. One such example: The German Bundes...

13. 2. 2023 No Responses

Update: On March 13, the revolutionary clean energy technology will be presented in LiveStream

The revolutionary zero-emission energy technology, whose origins date back to 1994, will be presented in February via LiveStream transmission from the Rome laboratory. The new technology works 24/365 non-stop and does not need sun or wind. It does not burn...

12. 2. 2023 No Responses

$28.8 Billion Worth Adidas Projects Major Losses in Revenue

Adidas is suffering after bidding goodbye to Kanye West. The brand and the celebrity majorly uplifted each other with their Yeezy collaboration, which began in 2015. The partnership became super successful, making billions of dollars in revenue, which came to...

11. 2. 2023 No Responses

Adani fights back

Ever since the Adani Enterprises Limited Follow-On Offer opened on January 27, the group has been on the backfoot post the Hindenburg report questioning it and its finances. The aftershocks of the report rattled the group and its impact was...

10. 2. 2023 No Responses

The SEC Charges Kraken Over Staking

The Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. Kraken’s staking service offered its customers an opportunity to ear...

9. 2. 2023 No Responses

Credit Suisse upgrades Lockheed Martin

Credit Suisse upgraded their outlook for Lockheed Martin from Underperform to Outperform. Analyst Price Forecast Suggests 4.56% Upside As of February 7, 2023, the average one-year price target for Lockheed Martin is $490.48. The forecasts range from a l...

8. 2. 2023 No Responses

PACCAR is heavily dominated by institutional owners

To get a sense of who is truly in control of PACCAR Inc it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 66% to be precise,...

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