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In this week’s recap, U.S. stocks were lower again this week with an ominous note, after a broad technology-sector selloff, sending the major U.S. stock indexes sharply lower & Treasury yields logging declines, not seen since some of the worst days of the pandemic last year. European shares fell on Friday, heading lower after a downturn in U.S. stocks on a tech slide & fears around the Omicron coronavirus variant hitting economic recovery. Chinese tech stocks in Hong Kong plunged after ride-hailing giant Didi announced Friday, that it will begin taking steps to delist from the U.S. NYSE.

The era of big Chinese companies heading to the U.S. to raise money may be coming to an end. Ride-hailing firm DiDi Global, the “Uber of China,” said it plans to delist its shares from the New York Stock Exchange in preference for Hong Kong, likely at the behest of China’s government in Beijing. Shares in New York are already -44% down the IPO price from late June. The stock fell over -17% on Friday, on the news to $6.45. The stock is down -28.88% in the last 3 months, on a market cap of $37.62B.

Bitcoin prices fell sharply early Saturday by almost 20%. In the past 24 hours, 410,000 cryptocurrency accounts have been liquidated for a total of $2.6 billion (the largest liquidation was $27 million). Ether lost more than -14% in the last 24 hours, to a low near $3,500. The drop is related to turbulent trading since the omicron variant Covid appeared.

South Korea’s Hyundai putting more money into electric vehicles & robotics. Another important part is to transform the company from a conventional carmaker to embracing hydrogen-based technology, but the lack of hydrogen refueling stations & maintenance costs for parts are huge. Hyundai is the only global car firm besides Japan’s Toyota Motor Corp. to have made a large investment in hydrogen, pledging to have all of its new commercial vehicles run on either batteries or hydrogen fuel cells by 2028.

The U.S. Congress passed a bill on Thursday to keep the federal government funded until Feb. 18; the U.S. economy added 210K jobs in November, far below economists’ expectations; the CBOE Volatility Index or “VIX,” surged to 31.12 on Wednesday; Australia’s October trade surplus was 11.22B Australian dollars ($7.97B U.S.); global Food prices high all-time high; Singapore increased its gold reserves by about +20% earlier this year; consumer prices across 19 countries in the Eurozone are rising at a record rate; Musk warns SpaceX employees risk of bankruptcy if Starship engine crisis isn’t fixed; Barbados woke up Tuesday as a republic.

The post Recap December 5: Food costs explodes, crypto & stock collapse, SpaceX bankrupt? (Recap Ep152) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, US, European and worldwide overall stocks plummeted, amid investor fears over a new highly mutated variant of Covid-19 found in South Africa shaking up trader sentiment. The investor “fear index” surges by +40%, the most in 10 months.

Outgoing German Chancellor Angela Merkel proposed new measures to tackle a 4th wave of the coronavirus pandemic, with a massive number of new Covid cases on Thursday, (up from 66,884 Wednesday). The death toll has now reached over 100K, with Merkel proposing a new 2-week lockdown, to begin on Thursday, which would have seen shops, bars & restaurants close. However, the idea was rejected by the incoming gov’t, who said it will be interpreted by the public, as a bad political trick by the old & new gov’t.

The Bank of Korea raised its interest policy rate by 25 basis points to 1%, in a move that was largely expected by analysts. It was the country’s 1st rate hike in almost 3 years & put it at the forefront of a global movement to withdraw, the huge amounts of stimulus put in place to help soften the impact of Covid-19. Korean policymakers are trying to balance the post-pandemic recovery with rising inflation. The bank also raised its inflation outlook to 2.3% for this year & 2% for 2022, suggesting further interest rate hikes are coming.

El Salvador presented the first Bitcoin City; Australia is sending peacekeeping troops to the Solomon Islands, as riots rocked the capital city of Honiara for the 2nd day; China’s capital city this week approved its 1st autonomous taxis for commercial use; the Egyptian Ministry of Tourism & Antiquities held a ceremony for the reopening of the ancient Avenue of Sphinxes; battery-powered trains may become economical as soon as 2023; Sweden’s 1st ever female prime minister has resigned just hours after she was appointed; conservative candidate Kast has a good chance of winning the elections in Chile; Biden intends to run for reelection in 2024.

The post Recap November 28: New Variant Collapses Everything, Bitcoin city! (Recap Ep151) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s recap, Marcello talks about the Indian government imposing a lockdown due to air pollution; is there a new Smallpox pandemic coming? Vials with the virus have been found; scientists discovered a new planet.

The Austrian government on Friday announced that it will extend a lockdown of unvaccinated people to the entire nation starting Monday in a battle to get rising COVID-19 cases under control. It will run for 10 days & a maximum of 20 days. Austrian Chancellor Alexander Schallenberg also said it would now become a requirement to get vaccinated starting Feb. 1. Many European countries are dealing with surging cases, but Austria’s own vaccine rate remains among the lowest, at just 65%.

Biden signed an over $1T bipartisan infrastructure bill into law; U.S. coal prices reach highest level in more than 12 years; Texas leads lawsuit against Google for violating antitrust laws; Japan’s exports grow at slowest pace in eight months;

The post Recap November 21: New Climate Lockdowns! Smallpox Outbreak? They Found Planet 9! (Recap ep150) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s Recap, Marcello tells us about how Elon Musk might be manipulating the markets; Are we walking into an economic crisis driven by inflation?; Due to the increase in the total amount of dollars in existence, holding it’s value is now a problem.

Tesla CEO Elon Musk on Saturday asked his 62.5M followers on Twitter in a poll if he should sell 10% of his Tesla stock, already facing a $15B tax bill & to pay for an upcoming possible “billionaires tax bill”. The poll received nearly 2M responses in 7 hours after he posted it, with 55% of respondents approving the sale of the shares. Musk’s shareholding in Tesla comes to about 170.5M shares as of 06/30 & selling 10% of his stock would amount close to $21B, based on Friday’s closing.

Russia increases its military presence near Ukraine border; China’s sixth plenum will consolidate Xi Jinping’s power; Rivian Automotive IPO is the largest in the U.S. since 2014; Bitcoin hit a new all-time high on Tuesday morning; Bipartisan bill aims to hinder acquisitions by tech giants; U.S. to lift pandemic travel restrictions to all countries.

The post Recap November 14: Elon Musk Manipulating Markets Again? Inflation Economic Crisis, Dollar In Trouble (Recap ep149) appeared first on Investing & Day Trading Education: Day Trading Academy.

In today’s Recap, China suggests their citizens to stock up food facing the coming winter; NASA is planning on launching a rocket against an asteroid as a “planetary defense” for practice; Elon Musk is again the richest man in the world.

Squid Game cryptocurrency plunges to 0, after its creators who some now claim are actually just scammers, end up stealing $2.1 million from investors. SQUID had surged to as high as $2.861 before the creators sold their holdings for real cash. This kind of scam is commonly called a “rug pull” by crypto investors.

RCEP, the world’s largest trade deal, will enter into force in January 2022; Republican Glenn Youngkin wins governor’s race in Virginia; Big increase in U.S. job creation in October; Bitcoin up 40% in October, in biggest percentage rebound since 2020; Researchers announce a new species of human ancestor.

The post Recap November 7: China Says Stock Up Food, NASA “planetary DEFENSE”, Elon Musk Richer than Rich (Recap ep148) appeared first on Investing & Day Trading Education: Day Trading Academy.

These are some of the most outstanding news this week:

As of Thursday, in the U.S. stock market, forecast-beating results have helped ease investors’ worries that supply-chain difficulties would dent profits, sending stocks higher throughout October. With nearly 50% of S&P 500 companies having posted results this reporting season, about 82% of those have managed to beat analysts’ expectations for earnings.

According to official data released on Wednesday, profits at China’s industrial companies rose at a faster pace in September than in August. Overall profits jumped +16.3% year on year to 738B yuan ($115B), an acceleration from the +10.1% gain than in the prior month. There were particularly strong gains in mining & energy. The price of coal has surged in recent months amid supply shortages & power rationing.

Microsoft passed Apple in market cap Friday, making it the world’s most valuable publicly-traded firm after Apple missed earnings expectations Thursday. Apple reported revenue that fell short of analyst expectations during the company’s fiscal Q4 on Thursday, a result of supply chain constraints. Apple was the 1st company to reach a $1T & $2T market cap. It became the world’s most valuable publicly-traded company, when it surpassed state oil giant Saudi Aramco, in market cap last year.

A dramatic increase in spending on health care services & transport were among plans the U.K. Finance Minister Rishi Sunak announced in his latest budget statement Wednesday. He proposed total departmental spending would increase by £150 billion ($207B), representing the largest increase this century. He told lawmakers in the U.K. Parliament that the gov’t budget will deliver a stronger economy for British people, stronger growth, with the UK recovering faster than major competitors.

El Salvador added 420 Bitcoins to its reserves, Binance Colombia cannot block accounts without a court order assured lawyer, supermarket chain Walmart is ready to accept Bitcoin.

The post Recap October 31: Europe Tests Electric Blackout, Strong Solar Storm, Food Costs Surging 100-300% (Recap Ep147) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, we find two main problems around the world: supply chain issues & rising inflation. Some governments warned their citizens of future blackouts due to the energy crisis that has become widespread in Europe and China. Such a crisis combined with rising food prices forecasts a complicated outlook for the coming years.

The number of Americans filing new claims for unemployment benefits dipped to a 19-month low last week, indicating a tightening labor market, though a shortage of workers could keep the pace of hiring moderated in Oct. Initial claims for state unemployment benefits fell 6K to seasonally adjusted 290K for the week ended Oct. 16, the lowest level since March in 2020, when the nation was in the early stage of the pandemic. The 2nd straight week that claims remained below 300K as employers hold onto workers, in face of a labor shortage.

Elon Musk has regained the title of the world’s richest person as his wealth climbed $60 billion driven by Tesla’s strong performance & a SpaceX stock sale. Tesla’s shares closed at $843.03 per share Friday, up +3% on the day. That takes the automaker’s year-to-date gains to over 22%. That boosted Musk’s net worth to $236B, eclipsing Amazon founder Jeff Bezos’ fortune of $196B. After Tesla’s Elon Musk & Amazon’s Jeff Bezos, LVMH CEO Bernard Arnault & Microsoft co-founder Bill Gates stand at 3rd & 4th positions as the world’s richest individuals, with a net worth of $164B & $130B, respectively. Meanwhile, Berkshire Hathaway boss Warren Buffett sits at number 10, with a net worth of $103B.

International Monetary Fund slashes its 2021 economic growth forecast for Asia; trade ministers G7 wealthy nations reached agreement meeting in London Friday, agreed on principles govern cross-border data use & digital trade; actor Alec Baldwin accidentally fired a live bullet while filming a movie, killing one person; winter is hitting the northern hemisphere harder and harder; Trump’s social network shares rise.

The post Recap October 24: Germany & Austria about blackout, Poverty increasing in USA, Shiba Inu! (Recap Ep146) appeared first on Investing & Day Trading Education: Day Trading Academy.

Things to know before traveling during the Covid-19 Pandemic. The first thing to keep in mind and you should know is that things are going to change very fast especially now that people started to get vaccinated quite a lot, being the United States a little more extreme compared to the country Colombia which does not require any test to enter, but as time passes the requirements for travel may become a little stricter.

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In this week’s recap, we saw a general rise in global stocks, with the U.S. market ending positive and the European market having its best performance in 7 months on Friday. Earnings figures from banks boosted the markets a lot. Asia-Pacific stocks rose sharply as investors reacted to the release of China’s inflation data for September. Mainland Chinese stocks closed slightly lower.

William Shatner, a Star Trek actor, traveled into space at the age of 90 on one of the flights made by Jeff Bezos. In an interview after the trip, Shatner stated that we should prepare for a major catastrophic event that was coming. While it can be interpreted in several ways, it is better to be forewarned, Shatner may have information that he could not divulge.

The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by flooding. The country’s biggest coal-producing province, Shanxi, is dealing with heavy rain in recent days after record floods struck the mining region of Henan in July. Thermal coal on the Zhengzhou Commodity Exchange rose by over +10% on Tuesday, further complicating China’s efforts to increase fuel supplies thus easing its deepening energy crisis.

In a Tuesday report from digital asset manager CoinShares, cryptocurrency products & funds attracted $226.2M in investments last week, marking their 8th straight week of inflows. Over an 8-week run, total crypto product inflows hit $638M, with a year-to-date total of $6.3B. Bitcoin, garnered $225M, for a 4th straight week of inflows, according to data in the week ended Oct. 8.

The United Nations Food & Agriculture Organization food price index reached a 10-year high in September, reflecting skyrocketing worldwide food prices. Prices have increased 32.8% from September 2020. Rising food prices globally, are being caused by tightening supplies & growing demand for staples with wheat prices up 41% & palm & vegetable oil up by 60%, during the past year. Sugar is up 53.5% year-over-year.

Biden administration to reimplement Donald Trump’s “Remain in Mexico” program; Japan’s ruling party pledged to double defense spending; Animal protein prices soar in the U.S.; Tests on metal-eating bacteria could help clean up mining industry; Chaillan: “China has won the artificial intelligence battle with the United States”.

The post Recap October 17: “Coming Catastrophic Event”, USA approves Bitcoin ETF, Inflation getting worse (Recap Ep145) appeared first on Investing & Day Trading Education: Day Trading Academy.

In this week’s recap, Marcello talks about the possible energy crisis to come due to the increase in energy production costs; moreover, the effect of this and the increase in transportation costs makes the possible crisis look more and more real. Communications infrastructure failures (as happened with WhatsApp this week) may repeat themselves and even last longer.

Shares of Moderna, a U.S. pharmaceutical and biotech company, fell -8.94% on Wednesday to $302.42 as European Nordic countries suspend the use of Moderna’s Covid-19 vaccine in young people and investors fear that a rival’s COVID-19 pill will ultimately hurt sales of the vaccine. The stock is down 33.67% in the past month, but is still up 189.48% in 2021 and 314.67% y/y, with a market cap of $134.05 billion.

U.S. jobless claims fell sharply last week; SpaceX valuation tops $100B after a stock selloff; Oil posted its biggest drop in two weeks on Wednesday.

The post Recap October 10: Energy Shortages, infrastructure Probs (instagram), Crisis Averted in USA (Recap Ep144) appeared first on Investing & Day Trading Education: Day Trading Academy.