Source: Dreamstime | Author: Birgit Korber
Reading time: 2 minutes
In June, the nation’s manufacturing sector reached a new low not seen in 23 months due to an increasingly struggling economy, caused by the war in Ukraine and rising inflation.
Category Archives: Market news
WHO: Monkeypox May Become a Public Health Risk
Source: Dreamstime | Author: Pojoslaw
Reading time: 2 minutes
Monkeypox may become a real public health risk if no adequate and timely measures are taken to curb the outbreak, said Dr Hans Kluge, World Health Organisation (WHO) Regional Director for Europe, quoted by the international body’s website.
An Investor sues Elon Musk for USD 258 bln. over Dogecoin
Source: Dreamstime | Author: Valerii Piankovskyi
Reading time: 2 minutes
An American cryptocurrency investor has filed a complaint with the federal court in Manhattan against Elon Musk, as reported by Reuters. The suit, seeking the impressive sum of $258 bln., claims that Musk is running a pyramid scheme which had artificially inflated the price of the Dogecoin cryptocurrency.
Changes to Trading Hours: Juneteenth Day (20.06.2022)
Source: Dreamstime | Photographer: Elena Dyrda
We are informing all our clients that on June 20, 2022, due to Juneteenth Day in the U.S., the trading hours of some markets will be changed, while other markets will be closed.
Amazon Splits Its Stock for the First Time Since 1999; Here Is What This Means for Traders
Source: Dreamstime | Author: Russell Vance
Reading time: 1 minute
In a move that closely mirrored Apple, Tesla, Google and other tech giants, on Wednesday Amazon announced its first stock split since the dot-com era, essentially informing investors that they will receive 19 extra shares for each share that they currently hold in the company. The e-commerce leader also said that it will kickstart a brand new $10 billion share buyback program, effectively replacing its previous $5 billion buyback program authorised back in 2016.
Eurozone Inflation Surged to Its Highest Since 1997 as the ECB Scrambles to Find the Right Approach
Source: Dreamstime | Author: Michaeljayberlin
Reading time: 1 minute
Persistent cost-covid hurdles, coupled with the war in Ukraine, have fueled a continent-wide price hike unlike anything the Europeans have ever seen. And it’s about to get worse.