Wed, Apr 24, 2024 12:10 PM
World’s Biggest Energy Traders Are Returning to Metals Markets
A Flip by Avya Verma
Russia’s oil and gas industry has been crucial for bankrolling the invasion of Ukraine, giving the Kremlin the funds to keep fighting even as the conflict drags on through its third year. But the industry is facing a shortage of manpower as the full mobilization of Russia’s economy for war exacerbates a longstanding demographic crunch.
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Last year's consensus was that the U.S. economy was headed for a recession, but that didn't happen. This year's consensus is that we'll have a soft landing, where the economy slows but won't tip into a recession. That could be wrong too.Doubling down on his contrarian view, Citi chief U.S. economist Andrew Hollenhorst told Bloomberg TV on Thursday that he sees a hard landing.
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Microsoft (NASDAQ: MSFT) started out as a software enterprise in 1975. Its flagship Windows operating system is still used by billions of people globally, despite launching way back in 1985. But the company has expanded far beyond its roots, and it now has a large presence in industries like cloud computing, gaming, and artificial intelligence (AI).
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