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Banking, Economy

“Russia’s Central Bank hikes interest rate as inflation soars”

“…The bank raised the rate by 200 basis points to 18.00%, noting that inflation has accelerated and is developing “significantly above” its forecast. It noted that inflationary risks have been driven by high inflation expectations and changing trade terms as… Continue Reading…

Business, Precious Metals

“Japan Chip Linchpin Soars on $7 Billion Government Buyout Talk”

“JSR Corp., the largest maker of a compound essential to all chipmaking, surged by its daily limit after a report the government-backed Japan Investment Corp. may buy out the company for roughly ¥1 trillion ($7 billion)… JSR controls roughly 30%… Continue Reading…

Business

“Elon Musk richer than Bill Gates and Warren Buffett combined as fortune soars to $230bn”

“Elon Musk is now so wealthy that he has more money than Bill Gates and Warren Buffett combined. With his fortune clocking in at $236 billion (£171 billion), Musk is now not just the world’s richest person—he is richer than the two billionaires… Continue Reading…

Cryptocurrencies

“Ethereum, the world’s second-largest cryptocurrency, soars above $4,000 for the first time”

“Ether surged past $4,000 Monday to hit a new record high, extending a stunning rally for the world’s second-largest cryptocurrency. Ether, the digital token of the Ethereum blockchain, rose nearly 7% over the last 24 hours to $4,141.99 by 3:40 a.m.… Continue Reading…

Stocks

“MicroVision soars 47%, leading ‘meme stocks’ higher”

“Shares of laser-developer MicroVision Inc jumped 47% on Monday and other Reddit favorites rallied, suggesting that interest in so-called meme stocks remains strong after a wild ride this year. MicroVision, which develops laser scanning technology for automotive lidar sensors and… Continue Reading…

Precious Metals

“Platinum Soars Past $1,300 an Ounce for First Time in Six Years”

“Platinum surged above $1,300 an ounce for the first time in more than six years on bets that a recovery in industrial demand and stricter emissions rules will tighten supply of the metal. Gold edged lower. Tougher pollution regulations requiring… Continue Reading…