Why Tech Layoffs Don’t Reflect the Job Market
The tech sector has made headlines in recent months for announcing significant layoffs, including cuts from major companies like Amazon, Twitter, DoorDash, Carvana, and Netflix. At first glance, these layoffs seem at odds with the strong job market and low unemployment rate in the US. However, upon closer examination, there are a few factors that […]
Oil soars past USD 100 after Russia orders troops into Ukraine
Oil prices have surged past $100 (£74) a barrel after Russian President Vladimir Putin launched a “special military operation” in the eastern Donbas region of Ukraine. These are the highest levels seen by the international benchmark Brent crude futures in more than seven years. Prices jumped earlier this week before cooling amid economic sanctions and […]
Ukraine’s President Zelenskyy imposes Martial Law
As Russia goes to war, Ukraine’s President Volodymyr Zelenskyy announces the imposition of martial law, which will cover the entire country. Zelenskyy noted: “Russia carried out missile strikes on our infrastructure and on our border guards.” This comes after Ukrainian President Zelensky and his American counterpart Joe Biden spoke on the phone, earlier on. Meanwhile, […]
Gold Price underpinned above $1900 as Russia Ukraine crisis escalates
After hitting fresh multi-month highs at $1914, spot gold is consolidating above $1900 as the Russia/Ukraine crisis escalates. As traders worry about the rising risk of a full-scale Russian military incursion into Ukraine, gold will likely remain supported. As the Russia/Ukraine crisis continues to escalate, most recently with Russia recognizing the independence of and moving […]