Ukraine's political crisis [War rages on between Ukraine and Russia]

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Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation


Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority.

Powell said he couldn’t promise a so-called soft landing for the economy as the Fed raises interest rates to tamp down price increases running near their fastest pace in more than 40 years.


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Apple is no longer the world’s most valuable company


Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm.

Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading in the U.S. on Wednesday, is now worth $2.37 trillion.

Energy stocks and prices have been rising as investors sell off equities in several industries, including technology, on fears of a deteriorating economic environment. Apple has fallen nearly 20% since its $182.94 peak on Jan. 4.

The move is mostly symbolic, but it shows how markets are shifting as the global economy grapples with rising interest rates, inflation, and supply chain problems.

Aramco stock is up over 27% so far in 2022. In March, the oil giant reported that its full-year profit last year more than doubled due to soaring oil prices.

Apple passed Saudi Aramco to become the world’s most valuable publicly traded company in 2020.


Not an expert!
Staff member
Not looking good @Kizzeb2019 :(
dem sneaky zoom ins 😍


Well-Known Member
A Russian soldier has been identified who told his wife how he shoots civilians and commits other atrocities in Ukraine.
It turned out to be Ivanov D.G. 02/10/1995, lives in the village of Kupsola (Morkinsky district, Republic of Mari El, RF)