Tesla is raising prices for its entire electric car lineup – a move that came days after CEO Elon Musk warned the firm was under “significant” inflationary pressure given the rising cost of key commodities following the Russian invasion of Ukraine.For example, Tesla’s cheapest available car, the Model 3 with …

Canada’s benchmark index extended losses for a third straight session on Tuesday, as weakness in energy and metal prices due to rising COVID-19 cases in China weighed on commodity stocks.The Toronto Stock Exchange’s S&P/TSX composite index was down 161.23 points, or 0.76%, at 21,019.55. The energy and materials sectors fell …

WTI futures pick up to $98.00 from three-week lows at $93.40. Oil prices plunge on easing supply concerns and COVID-19 cases in China. From a wider perspective, US oil futures remain biased lower.The US benchmark crude oil futures are attempting a mild correction on Tuesday’s US trading session. Front-month West …

Beijing scrambles to contain the worst outbreak China has seen since Wuhan in early 2020, as daily infections surpass 5,000. Lockdowns in coastal cities, including the first imposed on Shenzhen, prompt warning that situation has ‘deteriorated at an alarming pace’, with big economic hit ahead. China faces biggest Covid-19 crisis …

Russia’s President Vladimir V. Putin has said that Kyiv is not serious about finding a mutually acceptable solution.Markets have reacted negatively to the news, with stocks retreating from the highs and the safe-haven dollar and gold rising. Investors have been pinning their hopes on negotiations between Russia and Ukraine, which …

After massive commodity producer Russia was exiled from the world economy, a new shock is emerging from China; the world’s biggest user of raw materials.The big picture for commodities prices is that they turned tail and tumbled yesterday, as China imposed new COVID-related lockdown in response to soaring infection rates.In …

Russia’s foreign ministry said, Tuesday, that Russia has decided to impose sanctions on US President Joe Biden and Secretary of State Anthony Blinken.“Russian sanctions also apply to US Defense Minister, National Security Adviser, Chief of CIA and others”. As for the market’s reaction, this development doesn’t seem to be having …

Once again, Dogecoin spike can be attributed to nobody other than Elon Musk. Just after midnight on Monday morning, in a Twitter thread about inflation, the Tesla CEO tweeted that he “Would Not” be selling his crypto holdings, which includes unknown quantities of Dogecoin, Bitcoin, and Ether. Minutes later, Dogecoin …

Market players tried to remain optimistic about a potential diplomatic solution to the Russia-Ukraine conflict but peace talks yielded no results.The positive sentiment diluted as the day went by, with Wall Street ending the day in the red territory after a strong opening.Economic DataThe economic calendar on Monday witnessed no …

The DXY is struggling around 99.30 in the absence of any potential trigger that could bring an impulsive wave. Any Chinese aid to Russia may heighten the risk-aversion across financial market.Fed’s interest rate policy will be the mega event that investors will look upon. The US dollar index is failing …