Forced to give up their dreams of a “real house,” first time home-buyers set their sights lower, and ex-homeowners muscled out of the market by Covid-19-related job losses have to do the same. The need is great enough that these once-derided mobile homes are now achieving mainstream respectability, according to …
Read More »Crypto market loses $130 billion in one day amid Ukraine tensions
The world’s number one cryptocurrency, Bitcoin, has declined to nearly $33,000 on Monday, marking a daily drop of nearly 5%, according to data tracked by CoinDesk. The second most popular crypto, Ethereum, plunged 9.3% to $2,209 in a 24-hour span. Earlier in the day, both tokens fell to their lowest …
Read More »Turkish stock market halts trading as lira crashes
“As of 16.24 (Istanbul time) transactions have been temporarily halted on the market of all shares of our stock exchange,” the exchange said in a statement. The country’s currency has collapsed amid pressure from President Recep Tayyip Erdogan on the central bank to lower borrowing costs to boost the growth …
Read More »Country that could lead global food market in 2025 revealed
“We can see a serious [post-Covid-19 pandemic] decline in the global agro-industrial complex, where our country is showing good growth dynamics. Russian farmers can take leading positions in the world food market,” political analyst Alexei Martynov said this week, as cited by Prime. According to Martynov, the sanctions introduced by …
Read More »Musk sells Tesla shares at market prices, buys them right back for peanuts
In his latest exercise of options,the tech billionaire sold 934,091 Tesla shares for more than $1,000 per share. However, he also purchased another 2.2 million Tesla shares for $6.24 apiece, according to the filings. Musk doesn’t receive a salary or cash bonuses from his company, so he can only pay …
Read More »Apple’s market value about to top world’s 5th largest economy
The milestone is coming just a year after the US tech giant breached the $2 trillion mark, after reaching a market cap of $1 trillion in 2018. The company’s stock closed at $175.08 per share on Wednesday. Apple needs to reach $182.85 per share to hit the much-anticipated milestone. Apple …
Read More »Apple strikes back, taking Russia’s market regulator to court
Apple is seeking a judicial review of a warning, which is forcing the iPhone maker to allow app developers to tell customers about alternative payment options when using its App Store platform. The warning, delivered by the government body in August, gave Apple a September 30 deadline to resolve the …
Read More »US trying to force Russia out of EU gas market – Serbia
Aleksandar Vučić’s comments came just three days after he agreed to extend a gas deal with Russia that will save Belgrade around €1 billion ($1.12 billion), according to his calculations. “The Russians have a problem that they are not talking about,” he told TV channel Pink. “Namely, there are attempts …
Read More »Omicron news triggers bloodbath in crypto market
The price of bitcoin fell below $54,000, marking a daily drop of nearly 8%. The slide to $54,321 brought it to its lowest level since early October. Other cryptocurrencies were also down, with ether, the second-biggest, dropping over 10% to $4,059, and XPR falling 9.9% to under 95 cents. Others, …
Read More »Free market didn’t work: How a major business boss admitted the failure of capitalism
The Port of Tyne in South Shields in England’s north-east is not an obvious place for Britain’s business leaders to meet. The area was once central to the country’s industry, but has been decimated by government policy and a callous carelessness by politicians from all sides of the political spectrum …
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