According to a report from the Centre for Macroeconomic Analysis and Short-Term Forecasting, Russia is facing a stagnation in its industrial production and investments. This stagnation is coupled with a deterioration in exports, declining profitability in most industries, and a shortage of imported components and raw materials. The transition to stagnation is already visible in
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In the fast-paced world of technology, staying ahead of the curve is essential for investors looking to make significant gains. According to Brett Winton, chief futurist at ARK Invest, there are five key areas that should be on every tech investor’s radar. These areas include robotics, artificial intelligence, multi-omics sequencing, public blockchain, and energy storage.
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The upcoming U.S. Federal Reserve meeting is expected to shed light on the central bank’s stance towards interest rate cuts in 2024. Market participants will be closely watching Fed Chair Jerome Powell’s comments regarding potential policy easing later in the year. The Fed’s previous projection of three rate cuts seems uncertain now due to stronger-than-expected
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The recent rally in megacap growth stocks such as Alphabet and Microsoft has had a significant impact on the overall performance of the stock market. Following robust quarterly results from these technology heavyweights, investors have been buoyed by the positive news. Alphabet’s announcement of its first-ever dividend, coupled with a $70 billion stock buyback program,
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The disclaimer on this financial website emphasizes the importance of performing due diligence before making any financial decisions. It is crucial for individuals to conduct their own research, exercise discretion, and seek advice from competent advisors. This is a sound advice as blindly following the recommendations of others can lead to significant financial losses. The
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After facing a decline from the 1.2900 zone, the British Pound is now attempting a recovery wave from the 1.2300 level. The pair fell below the 1.2600 support and even dropped below 1.2400 and the 50-day simple moving average. However, a low was established near 1.2299, leading to the current recovery wave. The upside movement
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