Russia Deliberately Breaches Arrangements
Moody's: According to our data, Russia made payments on two bonds maturing in
2022 and 2042 in rubles, not in U.S. dollars, which indicates a violation of the
payment terms
Joseph Branch
Blackrock expects Fed rate hike to 3% in 2023
Strategists at Blackrock, the world's largest asset management firm, believe the
Fed will raise rates to about 3% next year. They also noted that if they
tightened policy in 2021 and brought inflation to the 2% target, U.S.
unemployment could reach 10%.
Blackrock also said it sees
Iran opens new plant to produce parts for advanced uranium enrichment centrifuges
Recall that the Iran nuclear deal was never re-signed.
Ford reports that sales in China fell 18.8% to about 125,000 units in the first quarter
Covid restrictions in China are probably having an impact. Tesla stock may react
negatively to this news.
Apple's MacBook shipments delayed due to lockdown in China
Production of new MacBooks has slowed amid a lockdown in China. Earlier it was
reported that the worsening pandemic in China affected
Waller at the Fed: The latest inflation data came as no surprise
The Fed will continue its plan to raise rates to get inflation under control.
The consumer price index for March is "almost a peak," Waller added.
Waller also noted, Higher mortgage rates will affect how much people will buy
homes for. Prices will come down in the coming
Nexo and Mastercard launch "world's first (companies claim) cryptocurrency-enabled card"
Cryptocurrency lender Nexo said it has teamed up with global payments company
Mastercard to launch a cryptocurrency credit card. The card will initially be
available in several European countries.
The new credit card allows users to spend their digital assets to buy goods. The
tokens are provided by Nexo as
Bitcoin could become the reserve currency of a new era
Terraform, which plans to buy $10 billion worth of bitcoins to support TerraUSD,
has started it. According to a Terraform spokesman, steibcoin, backed by bitcoin
reserves, "will usher in a new monetary era of the bitcoin standard.
OPEC oil production in March rose by only 57,000 bpd to 28.56 million bpd in February, the group's report
OPEC raised its 2022 U.S. oil production forecast, expecting an increase of 0.86
mb/d to 12.04 mb/d.
OPEC lowered its 2022 outlook for oil production outside the organization, now
expecting it to be 66.26 million bpd.
OPEC lowered its forecast for growth in global
Optimism about global growth has dropped to an all-time low, and fears of recession are rising in the global investment community, Bank of America
The percentage of investors expecting the economy to deteriorate is the highest
on record, according to the bank's April survey.
Expectations of stagflation have jumped to their highest level since August
2008, while currency risk has risen to an all-time high.