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Review of the largest transactions and the most important events in the global financial markets. Detailed analytics of the trading sessions of the American stock exchange NYSE and NASDAQ

Biden signs bill to increase US national debt ceiling

President Joe Biden signed into law, expanding the US government debt ceiling and preventing a potential default on government debt. This significant step was the result of months of political negotiations and includes a number of key measures, reflecting economic and political dynamics within the country. In this article, we will take a closer look at the key points and implications of this decision., which, As expected, will lead to some changes in the US economic landscape.

Senate passes debt ceiling bill, to prevent US default

  The Senate voted to approve the bill, raising the debt ceiling for another two years , sending the law to President Joe Biden's desk just days before, how the US will potentially run out of money to pay its bills. The final score was 63-36. opposed 17 Republicans and four Democrats. The House of Representatives approved the bill 314-117 Wednesday evening .

Banks on Wall Street are hunting for experts in the field of artificial intelligence

Have you noticed, that the world around us is changing at a breakneck pace? Exactly. Banks on Wall Street, center of the global financial industry, do not stand still. They are actively looking for specialists in the field of artificial intelligence (II). But why is this happening and how can it affect our lives?? Let's try to figure it out.

Baidu Highlights $140 million to support startups, like ChatGPT

Baidu

Baidu, the largest search engine and Internet company in China, announced the launch of a new fund to invest in startups., working in the field of artificial intelligence and natural language processing. The fund was named Baidu AI Ventures and will be managed by a division of Baidu Ventures..

Digest of economic news on 15 november 2022

?Paris overtook London to become Europe's largest stock market ?Today in China will be published data for October on industrial production, retail sales, unemployment and investment in fixed assets. ? There will also be data on producer prices for October. And in Europe, preliminary data on GDP for the third quarter will be published ?Chinese stocks in the US rise again on positive news after the meeting of Xi and Biden ?Xi Jinping and Macron at the G20 called for the resumption of negotiations on Ukraine ?Germany is the first among the EU states to nationalize assets related to Russia*.* the former gazprom subsidiary Gazprom Germania ?The EU is not yet ready to discuss new sanctions against Russia.

News digest on 3 november 2022

The Bank of England will decide today to raise its base interest rate by 0.75%*. The yuan against the dollar* updated the minimum since 22 January 2008 of the year. Courses: ? Bitcoin – $20 710 (↑1,12%) ? S&P 500 – 3 876 (↑0,53%) ?? USD/RUB – 60,60 (↓1,86%) ?? USD/UAH – 36,88 (↑0,00%) ? Gold – $1 667 (↑0,99%) ⚫️ Oil Brent – $94,59 (↑0,49%) ⚡️ The Fed has raised rates on 75 b. P. The US regulator raised the key rate on 75 basis points, up to 3.75–4%. This is the fourth consecutive increase in 0,75 p.p.. The current rate level is the highest since December 2007 of the year. This is the expected solution., he was expected 87,5% investors, according to CME FedWatch Tool. At the same time, many are waiting for signals from Fed Chairman Jerome Powell about a slowdown in rate hikes.. 45% investors are counting, that at the next meeting the indicator will be raised by 0,5 P. P. (49,2% sure, that the next step will also be 0,75 P. P.). The Fed will hold its last meeting of the year 14 December.

News Digest for 2 november 2022

⚠️ U.S. Release. The Fed interest rate decision will take place today at 21:00 (Mosk. time) ⚠️ Today will be held U.S. Federal Open Market Committee (FOMC) Press Conference in 21:30 (Mosk. time) Analyst Expect, that the Fed and the Bank of England at meetings on Wednesday and Thursday, respectively, will raise the stakes on 75 b.p.. (* to 3.75-4.00% in the U.S. and up to 3.00% in the UK) Expected, that the Fed will raise rates today 0.75% and give a signal, which can slow down the rate of increase. ? Bitcoin – $20 473 (↑0,40%) ? S&P 500 – 3 859 (↓0,33%) ?? USD/RUB – 61,97 (↑1,59%) ?? USD/UAH – 36,88 (↑0,00%) ? Gold – $1 652 (↑0,74%) ⚫️ Oil Brent – $94,66 (↑2,30%)

Comparison of the rate of increase in interest rates in the US.

Rates are rising faster, than ever in history. Forecasts, published by the Fed, Show, what politicians expect, that U.S. growth will slow this year to 0,2%. They predict, that growth will accelerate to 1,2% next year, but predict, that the unemployment rate will rise to 4,4%.

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