The GRYNING | Portfolio is designed for decision makers - those looking to integrate long-term market insights with tactical trading strategies, technical and uniquely agnostic views.
Tesla reports record profits (click here).
Microsoft gave a downbeat outlook - its cloud business was slowing amid economic uncertainty (click here).
ASML CEO warned that the bifurcation of the world into new socioeconomics blocs could see chip availability be reduced for a long period (click here).
Party City filed for bankruptcy citing high helium prices and shortages as a contributing factor (click here).
Hindenburg Research released a report (click here) against Adani Group, the corporate vehicle of the world's third richest man, Gautam Adani. The group seems to have lost $50bn in value since the report was released!
Europe is facing contraction in mortgage lending (click here).
The BoJ spent $32bn on its fixed-income ops and now owns more than 100 per cent of certain bond issues (click here).
The IMF has warned it is concerned about the scale of the BoJ’s bond purchases (click here).
3M to layoff ~2500 employees due to 2023 outlook (click here).
Amazon discloses fresh wave of job cuts in Bay Area (click here).
Intel is cutting 100’s of jobs in California (click here).
Spotify is reducing its workforce by 6% (click here).
Wayfair is prepared to cut more than a 1000 jobs (click here).
Switzerland sent 54 tonnes of Gold to China last year (click here).
UK steel industry is on the brink of collapse (click here).
Yellen warned setting price caps on Russian refined oil products was complicated.
The U.S. hopes the replicate the success of an e-governance app used is Ukraine in other countries (click here).
ECB's Fabio Panetta realsed that blockchains were mostly solutions looking for problems and reassured people that an ECB CBDC would not impose any significant limitations on users.(click here).
The UK Treasury decided to look for a CBDC head as it continues to explore a digital pound. (click here).
Burkina Faso ordered French troops to leave amid rising massive protests (click here).
A major corruption scandal broke out in Ukraine, implicating many elements of the Ukrainian government (click here).
Project Veritas set up a sting operation on a Pfizer executive who bragged about how Pfizer was mutating viruses so that it could get ahead of them by pre-emptively developing vaccines. The wording implies Pfizer may be engaged in gain-of-function work.
NB: Whilst controversial, gain of function research has been legal since 2017 when the NIH lifted its moratorium (click here).
I wish you a wonderful weekend.