Joseph Branch

Joseph Branch

Twitter may cut staff by 25%, The Washington Post reports

Not 75% of course, as Musk wanted before the acquisition of the company, but also a lot. It is worth noting that Elon is now working hard to optimize the business of the social network. His thoughts about the "bloat" of the state develop into real actions. This will allow

Moscow State University economists proposed to revise the results of privatization in the 90s

Kaisyn Khubiev and Ivan Tenyakov proposed re-privatization. According to this project, tenders are held for the management of previously privatized enterprises. The winners could be the old owners, the state, or labor collectives. Economists estimate that the privatization of the early 1990s was unfair, reducing the growth potential of the

Russian fossil fuel exports will never return to the levels seen in 2021, IEA

The share of Russian energy resources in the world market will halve by 2030. The IEA questions the reorientation of Russian energy supplies to the East. For example, the growth of demand for gas in China will fall to 2% in the current decade against 12% in the 10-ies. IEA:

The Russian oil price ceiling will not work without the participation of emerging economies, the World Bank

Recall that now a very large supply of Russian oil goes to India and China. The terms of trade with Russia are already very favorable for them. And the risks of supply interruption due to the ceiling support will greatly slow down the growth of Asian economies.

U.S. home prices continue to fall. The economy is cooling down.

The U.S. home price index fell 0.7% in September. Annual growth slowed from 13.9% to 11.9%. Demand for real estate is falling precipitously amid rising mortgage rates. That's a positive for the markets. The S&P 500 Index is up 1%. After all, the cooling

Britain may raise taxes by £20bn, - Telegraph

British Finance Minister Jeremy Hunt plans to raise taxes by up to £20bn in a budget due to be approved on October 31. According to the publication, Hunt will reform capital gains rules and scrap a 2-year government-sponsored abolition of environmental levies from energy bills.

The gross harvest of wheat in Russia will increase by 41.4% in 2022, - the Central Bank of Russia

In general, according to the Bank of Russia, the harvest of many crops will exceed last year's level. However, exporters have problems - according to the monitoring data of the Russian Grain Union, in July and September the volume of grain exported was 22% lower than in 2021. Exports to

Is the world running out of copper? Trafigura sounds the alarm, - FT

Global copper stocks have fallen to dangerously low levels, one of the world's largest commodity traders Trafigura warned. According to the company, the copper market is now operating with stocks that cover just 4.9 days of global consumption. This year is expected to end at 2.7 days. Normally,

The good start has been overshadowed by the Fed's outlook. The S&P 500 Index is down 0.8%

After a 1% gain earlier in the day, U.S. stocks turned around. The negativity returned to the market after the speech of Harker from the Fed, who reminded that the regulator plans to raise the rate to 4% by the end of the year. As a reminder, the forecast

Snap falls 23% on postmarket after report

The company posted historically weak quarterly sales growth. Revenue per customer was also down. Following Snap stock, Pinterest and Meta* are falling, and expectations for the sector are very poor.