UK Consumer Prices are Now at a Record in 30 Years After a 5.4% Jump in Dec.
(ONS) Inflation in the United Kingdom rose 5.4% in the 12 months that ended December 2021, the highest on record since March 1992. At 5.4%, the annual inflation is higher…
Business Conditions in NY State Plunge to -0.7 Index in Jan., Manufacturing Stalls
(New York Fed) The New York State posted an unchanged manufacturing activity in January, with the general business conditions index down by third-three points to the negative territory of -0.7.…
Ethereum’s High Gas Fees Causing It to Lose NFT Market Grip to Rivals?
(Markets Insider) JPMorgan strategist says Ethereum’s share of the non-fungible token trading is now around 80%, down from 95% at the start of 2021 as investors move to other networks.…
Goldman Sachs Tanks 4% as Q4 2021 Profits Fall 13%, Missing Estimates
(Goldman Sachs) Shares of Goldman Sachs fell more than 4% on Tuesday as the company reported a fourth-quarter profit of $3.94 billion or $10.81 a share, down 13% from last…
Microsoft in Talks to Acquire Video Game Maker Activision in a $70B Deal
(Microsoft) Microsoft is close to reaching a deal to acquire Activision, the video game maker behind the “Call of Duty” franchise, the company’s largest-ever takeover. The acquisition will accelerate the…
Invesco Predicts Limited S&P 500 Returns in the Next Decade
(Invesco) Investment giant Invesco says S&P 500 returns in the next ten years will be limited, pointing to the Shiller PE ratio reading above 38, which suggests that the market…
Starbucks Selects Meituan for Coffee Deliveries in China as Sales Falls
(Reuters) Starbucks has partnered with China’s leading food delivery entity Meituan for the distribution of coffee as it seeks to grow Covid-19 hit sales in its second-biggest market. Chinese consumers…
UK Employment Jumps by 0.2% as Payrolls in Dec. Rise Above Pre-Pandemic Levels
(ONS) UK employment for the September to November quarter 2021 was 75.5%, up by 0.2 percentage points. The number of employees on payrolls in the last month of the year…
EIP-1559 Comes to Polygon – Here Is What It Means
(Polygon) Polygon, an Ethereum layer-2 scaling solution, has launched EIP-1559, dubbed the London Hardfork, welcoming a real-time burning of its native token MATIC. The EIP-1559 will eliminate the first-price auction…
Brent Oil Rises to a 7-Year High as Political Unrest in the UAE Threaten Supply
(Bloomberg) Brent crude rose to a high of $88.13 a barrel, its highest level since October 2014, as markets priced for supply tightness due to escalating tensions in the United…
Activision Blizzard Addresses Claims of Sexual Harassment by Firing Employees
(WSJ) More than three dozen employees have exited Activision Blizzard Inc., while up to 44 others have been punished as the company addresses allegations of misconduct. The move by Activision…
Gazprom Under Pressure to Boost Gas Exports as Jan. Levels Hit the Lowest in 7 Years
(Bloomberg) Gazprom’s exports of gas in the main markets fell to the lowest since 2015 in January 2022, with European legislators calling for answers on the short fall. Gazprom exported…
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