(Agence France-Presse) (The Jakarta Post) PREMIUM Hong Kong ● Tue, January 18 2022 Investors started the week on a broadly positive note on Monday but uncertainty remained ahead of an expected series of interest rate hikes by the United States Federal Reserve, while data showed growth in China's economy slowed at the end of last year. While the fast-spreading Omicron COVID-19 variant continues to cast a shadow across trading floors, the focus is on the US central bank's plans to tighten monetary policy to fight surging inflation. Fed officials were out in force last week flagging the merits of raising borrowing costs as soon as March, though boss Jerome Powell said they would be careful to ensure they do not knock the recovery in the world's top economy off course. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,000/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions … [Read more...] about Equity markets mostly up as Fed hikes loom
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Share prices of Rivian Automotive ( NASDAQ:RIVN ) briefly fell to $75.13 per share on Friday before closing the session at $79.95 per share. It was the first time Rivian stock dipped below its initial public offering (IPO) price of $78 per share. The sell-off marks over a 55% drawdown from the stock's all-time intraday high of $179.47 per share set on Nov. 16, 2021. Here are arguments for and against buying the electric vehicle (EV) stock now. Image source: Rivian Automotive. Take advantage of inefficient markets Howard Smith : Markets aren't always efficient, and that's how investors can gain an advantage. While Rivian shares have dropped recently in concert with many high-growth tech names, one of the biggest dips came with the news that Amazon ( NASDAQ:AMZN ) was starting a partnership with Chrysler parent Stellantis ( NYSE:STLA ) to supplement its supply of electric delivery vans. Prior to this news, investors only knew that Amazon -- an early … [Read more...] about Rivian Stock Just Fell Below its IPO Price of $78 Per Share: Time to Buy?
Share to Twitter Share to Linkedin Ether prices climbed today, rising above $3,200 this afternoon and then staying above that level since then. The world’s second-most valuable digital currency by market value climbed to $3,263.35 around noon EST, CoinDesk figures show. Since that time, it has traded within a very tight range, fluctuating between roughly $3,200 and $3,265, additional CoinDesk data reveals. Following these latest price movements, several analysts offered their takes on the cryptocurrency’s recent volatility and its future prospects. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] ‘A Strong Bounce’ “We saw a bounce in the broader digital asset market today,” said Brett Sifling, an investment advisor for Gerber Kawasaki Wealth & Investment Management . “Ethereum had a strong bounce off the … [Read more...] about Ether Prices Bounced Back Today—What’s Next For The Digital Currency?
Daniyar Sarekenov (The Jakarta Post) PREMIUM Jakarta ● Tue, January 18 2022 The year 2022 will remain in the memory of Kazakhstanis as the year the country faced a truly difficult and dangerous challenge, one that nearly shook the unity and cohesion of the nation. Now we must learn from what has happened and take constructive steps to eliminate the causes that led to the tragic events of early January. We recognize that the recent events are largely caused by serious domestic socioeconomic problems. However, what happened was not mere unrest caused by public discontent. Behind the violence, we clearly see a coup attempt. Unfortunately, peaceful demonstrations were cynically and maliciously hijacked by those for whom human life is of no value. As a tool to seize power, these forces chose terror. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,000/month Unlimited access to our web and app content e-Post daily digital newspaper No … [Read more...] about We will build a new Kazakhstan
Share to Twitter Share to Linkedin The fact that we are in the grip of a global energy crisis is now beyond doubt. In the UK there are a slew of energy businesses going into administration, and pleas for government bailouts for energy intensive manufacturers. In the domestic economy, there are spiralling numbers of old people who, having survived Covid-19, are forecast to perish unless the winter is exceptionally mild. In recent months, France has seen some of its fastest growing green energy suppliers lose customers at a rapid rate, as the green premium looks increasingly unaffordable. Hydroption, a supplier of low carbon electricity, has been placed under judicial administration after failing to pay its suppliers and debts. India has suffered too, with shortages of coal in the second half of 2021 leading to outages and curbs imposed on energy hungry industries. In China, companies in the industrial heartlands have been told to limit consumption, and … [Read more...] about Will The Energy Crisis Help Clean-Up Bitcoin?
Paris Cognac sales surged by nearly a third last year as American and Chinese drinkers guzzled old vintages, in the latest sign premium drink makers are putting the pandemic behind them. Sales of the brandy, produced in the Cognac region of France, rose by almost 31% in value to 3.6 billion euros ($4.1 billion), industry group BNIC said Monday. Volumes were up 16% to 223.2 million bottles. High-end Champagne shortage could ruin your New Year's Eve "This growth reflects a real recovery of cognac, as well as new consumption habits," BNIC said in a statement, noting sales had also risen compared with 2019, before the pandemic struck. The outlook should remain positive in the coming months for all destinations, BNIC added. Read More The news comes after France's champagne industry said last month it expected record sales in 2021, and follows strong results from several spirits companies. Cognac sales to its largest … [Read more...] about Cognac sales jump 31%, thanks to the US and China
Brex’s two twenty-something founders are now billionaires, thanks to a lofty new funding round announced this week that nearly doubled the valuation of their five-year-old fintech firm. The San Francisco-based startup—which is aiming to overhaul the corporate credit card—confirmed on Tuesday that it has raised $300 million in a funding round led by investment firms Greenoaks Capital and Technology Crossover Ventures (TCV), giving it a $12.3 billion valuation—a sizable jump from the $7.4 billion valuation it fetched just nine months ago. Cofounders (and co-CEOs) Henrique Dubugras, 26, and Pedro Franceschi, 25, each hold a 14% stake in Brex, Forbes estimates, worth about $1.5 billion apiece. ( Forbes discounts the value of privately held companies.) The pair declined to comment on Forbes’ estimates but Dubugras did speak with Forbes about his startup’s path to success. The young fintech has made a name for itself with a corporate credit card tailored to the needs of … [Read more...] about Two Friends Who Met On Twitter In High School Are Latest Under-30 Billionaires
Share to Twitter Share to Linkedin Frankfurt, January 12, 2022 - Last year, the market capitalization of cryptocurrencies reached $3 trillion USD for the first time. At the beginning of the 2021, it was less than $800 billion USD. DeFi now has a total value locked (TVL) of $100 billion USD on Ethereum alone. But NFTs have been the most surprising, flanked by complementary areas like metaverse and GameFi. Who can claim to have foreseen these developments? Looking into the future is notoriously difficult. Nevertheless, we dare to make predictions for the year 2022. It will be exciting to see whether they come true. 1. Bitcoin price reaches $100,000 USD and the crypto asset market grows in breadth and depth Rising inflation rates make scarce assets like Bitcoins (BTCs) increasingly attractive. Bitcoin is not only the oldest, most decentralized, and best-known cryptocurrency - a distinctive feature compared to other cryptocurrencies is its limited supply of 21 … [Read more...] about 10 Predictions For Blockchain, Crypto Assets, DeFi, And NFTs For 2022
Share to Twitter Share to Linkedin Bitcoin soared through much of 2021, helped on by the likes of Tesla TSLA and El Salvador embracing the cryptocurrency ( though Tesla CEO Elon Musk is increasingly backing the meme-based dogecoin ). Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The bitcoin price, hitting an all-time high of almost $70,000 per bitcoin in November, has since crashed back, losing around 40% of its value and wiping $1 trillion from the combined crypto market. Now, Wall Street giant Fidelity has said other countries and even a central bank could follow El Salvador and Tesla into bitcoin this year—predicting those that buy bitcoin while the price is low "will be better off competitively than their peers." Sign up now for the free CryptoCodex —A daily newsletter for the crypto-curious. Helping you understand the world of bitcoin and … [Read more...] about ‘Astonishing’—An Investment Giant Just Advised Countries And Central Banks To Buy Bitcoin While The Price Is Low
Thailand has a perfect demographic storm heading its way after two years of very swift change in the local employment market. Whilst people scrambled to find new employment in the early days, and are now gainfully self employed, employers are complaining of acute labour shortages.This problem has been exacerbated by the closure of the borders stopping the flow of migrant labour, mostly from Cambodia and Myanmar, flowing into the country. They all moved back to their countries in the early months of the pandemic.The problem is also being fuelled by a decline in Thailand’s birth rate, and an ageing population.Manufacturers are complaining that they’re trying to get their factories back up to full speed again but they simply can’t find people to fill the jobs.Even Hotel operators are currently struggling to fill vacant positions as they reopen to tourists, according to Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association. She complained that a shortage of good applicants is … [Read more...] about Thailand News Update | Inflation rises up & Labour shortage in Thailand