In 2018, Nikolai Mendiaev bought his first bitcoin using a peer-to-peer platform called LocalBitcoins. Mendiaev lived in Elista, a town of about 100,000 people in southern Russia, and he was wary of going through the know-your-customer process at a centralized exchange. As a software developer and (relatively) early cryptocurrency adopter, Mendiaev occasionally had friends and…
The crisis is a boon for nuclear power, and Cameco Corp. (CCJ). Johannes Plenio Gas Crisis in Europe Heats Up Uranium Prices Winter is coming and Russia is threatening for cut off natural gas supplies to Europe. Politicians are panicking. It is a big opportunity for investors. Gazprom announced last week that it would cut…
The Fed is expected to raise interest rates .75 basis points later today. (Photo by ANDREW … [+] CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) AFP via Getty Images Key Takeaways Microsoft and Alphabet Miss Less Badly Than Feared FOMC Rate Decision Looms More Big Name Earnings Coming There are two ways…
Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs … [+] and oil pumps on a field getty Since its invasion of Ukraine on February 24, the Russian government has denied access to a lot of financial statistics, but the data we can see show that Russia’s tax revenue…
A man is seen in front of a screen showing the exchange rate between the Colombian peso and the US … [+] dollar in Medellin, Colombia, on July 7, 2022. (Photo by JOAQUIN SARMIENTO / AFP) (Photo by JOAQUIN SARMIENTO/AFP via Getty Images) AFP via Getty Images Fixed-income investors are nursing heavy mark-to-market losses in…
(Photo by Samuel Corum/Getty Images) Getty Images Inflation just printed at 9.1%, the highest level since 1981. But don’t worry, sayeth the ever-wise financial markets, it will fall back down very quickly to “normal” levels. Interest rate and commodity markets currently price in a scenario that inflation has peaked and will rapidly fall over the…
A fuel pump handle rests in the refilling nozzle of an automobile a gas station operated by … [+] KazMunayGas National Co. in Almaty, Kazakhstan. The company will list shares for foreign investors this year. Photographer: Andrey Rudakov/Bloomberg © 2015 Bloomberg Finance LP Companies that have shunned Russia for its war with Ukraine are discovering…
The critical Nord Stream 1 pipeline is closed for routine maintenance. There is concern that it may … [+] not reopen if Russia decides to escalate the Ukraine conflict. (Photo by Sean Gallup/Getty Images) Getty Images The critical Nord Stream 1 pipeline that supplies Germany with natural gas is currently shut down for what Russia…
Companies from the U.S. and Europe were quick to leave Russia at the start of the Ukraine war. Those … [+] that are there still might be staying for longer. getty Four months ago, leaving Russia was all the rage. If you were a multinational, you signaled to the world that you were against the…
Getty Images Key takeaways The US dollar rose to fresh 20-year highs this week Meanwhile, the euro fell below $1.02 for the first time since 2002 Rising energy prices, tightening central bank policies and the Russia-Ukraine conflict have dropped euro values while bolstering USD’s appeal Some analysts believe the euro could fall another 5-7 cents…