Economic news

For the first time in history, Class A shares of the corporation Berkshire Hathaway, controlled by billionaire Warren Buffett, topped $500,000 at Wednesday’s close, trading at $504,400. Over the day, they have risen in price by 1.3%, and since the beginning of this year, their cost has increased by 11%. A positive factor for the […]

Brazil held a regular meeting of the Central Bank. Its participants assessed the situation in the country’s economy. All members of the bank’s board agreed on the need to raise the key rate. It was increased by 1 p.p. to the level of 11.75%. Analysts who took part in the survey expected just such a […]

Data published by the Australian Bureau of Statistics show an improvement in the situation in the country’s labor market. Unemployment in February amounted to 4%, which is 0.2 percentage points lower than in January. Analysts expected the unemployment rate to fall to 4.1%. In the entire history of accounting, such a low unemployment rate was […]

The results of the regular FOMC meeting did not come as a surprise to the markets. As expected, the decision was made to raise the rate by 25 bp. Now it is in the range from 0.25% to 0.5%. Only James Bullard voted against this decision. He spoke in favor of raising the rate by […]

American entrepreneur and billionaire Elon Musk tweeted about the most profitable and safe way to keep your savings. He said that keeping savings in US dollars is becoming increasingly unprofitable and even dangerous in the face of rising inflationary pressures. Musk noted that the sharp increase in US inflation this year had made the dollar […]

The American drug manufacturer Eli Lilly has announced that it will stop supplying medicines to the Russian Federation. This decision was made to support the Ukrainian people in their fight against the Russian troops. The company decided to continue to provide Russians with cancer and diabetes. Eli Lilly also announced the cessation of all investments […]

The Ministry of Finance of Japan announced an increase in export deliveries in February to 7.2 trillion yen, 19.1% more than a year ago. In January, Japanese exports grew by only 9.6%. Despite the high February figure, it turned out to be lower than the forecast of the polled analysts. They expected an increase in […]

On Tuesday, there was a significant decline in oil quotes amid growing fears about a possible reduction in demand in China. On Wednesday morning, oil prices show growth. By 8:26 am Moscow time, the price of a barrel of Brent oil rose by 86 cents, or 0.86%, to $100.77. A barrel of WTI oil also […]

The IMF review notes that the events around Ukraine and the sanctions imposed against the Russian Federation will lead to a deep recession in the European economy. The rise in fuel prices will continue. Groceries will rise in price. Eastern European financial systems may face high risks. In addition, there will be a problem associated […]

Rising production costs have driven up the price of electric vehicles made by Tesla in the US. This is indicated by a message published by the American automaker on its official website of the country. The Model 3 price rose to $46,990 from $44,990 on March 10. The Model Y Long Range price reached $62,990 […]