News about finance, currency, securities 3

 Pfizer expects to collect 100 billion USD in 2022 Pfizer's revenue is forecast to grow strongly this year, with Covid-19 vaccines and drugs contributing more than half. The US pharmaceutical company said that soaring sales of Covid-19 drugs and vaccines will continue to push the company's revenue in 2022 to $ 100 billion. In which, sales of antiviral drug Paxlovid will reach about 22 billion USD, and vaccine will reach 32 billion USD. Last year, Paxlovid brought in $76 million, while the vaccine was $36.8 billion. Pfizer has made a number of recent acquisitions and partnerships to strengthen its ability to deliver drugs and vaccines. In December 2021, Pfizer said it would buy Arena Pharmaceuticals for $6.7 billion. The company has also invested $25 billion in business development since 2019. Pfizer headquarters in New York, USA. Photo: Bloomberg Pfizer headquarters in New York, USA. Photo: Bloomberg With growing cash on hand, Pfizer said its acquisition strategy will focus on ...

 World gold price increased for 3 consecutive sessions A weak dollar and falling US bond yields sometimes pulled gold to $1,836 an ounce yesterday. Closing the session on February 9, each ounce of world gold for immediate delivery increased by 7.6 USD to 1,833 USD per ounce. During the session, gold price at one point touched $1,836. This morning, the price is still fluctuating around the $1,834 mark. Markets rallied on a weaker dollar and lower US Treasury yields. However, the precious metal is still stuck in a narrow range, as investors are hesitant to bet big on the US inflation report. World gold price has increased for 3 consecutive sessions. World gold price has increased for 3 consecutive sessions. "The dollar fell slightly, which seems to have supported gold. But overall the market is quite quiet to wait for the inflation report on February 10," said Daniel Pavillonis, senior market strategist at RJO Futures. . Yields on 10-year US government bonds yesterday also left...

 El Salvador was downgraded for accepting Bitcoin Fitch Ratings yesterday downgraded El Salvador's rating to discourage investment, citing risks from last year's legalization of Bitcoin. President Nayib Bukele's unprecedented policies, from firing the nation's top judges to using public funds to trade Bitcoin on personal phones, are increasing El Salvador's risks to the home country. investment and credit rating agencies. Fitch also said that "financial risks are increasing as El Salvador becomes increasingly dependent on short-term debt". Soon, they will have to repay the $800 million worth of bonds. The country's credit rating was therefore downgraded from B- to CCC. El Salvador President Nayib Bukele. Photo: Bloomberg El Salvador President Nayib Bukele. Photo: Bloomberg "Institutional weakness and concentration of power in the hands of the president is increasing policy uncertainty. The acceptance of Bitcoin as legal currency creates more uncer...

 How Wall Street's Youngest Female Teller Saves 85% of Her Income Lauren Simmons pays rent for the year in advance, rides an electric car instead of a gas car, and exercises at home. At 22, Lauren Simmons became the youngest full-time female trader on Wall Street, and the second African-American female trader in the New York Stock Exchange's 229-year history. Currently, she is a 27-year-old entrepreneur and host of the Going Public series. Her goal is to impart what she's learned to help young people make smart financial decisions. On CNBC, she said: "One thing I've noticed is that in general, most people have very bad spending habits and struggle to save money. You know, it sounds hard to believe, but I always save up to 85% of my annual income. This is what I was taught from a young age. If I was given $50 a month for pocket money, I would only spend $7-8 that month." Simmons knows that "everyone has a situation". However, she still wants to share ...

 Earn $140 million a year from the idea of ​​a part-time job Tori Gerbig likes to surf the Internet to find trendy, cheap clothes, but can't find what she wants and decides to open a store selling this item on eBay. Tori Gerbig co-founded Pink Lily - an online women's fashion store. They are currently one of the fastest growing online retailers in the US. On CNBC, Gerbig shares his startup story and secrets to success. In 2011, when I wasn't working or spending time with my family, I shopped online. I was 24 years old then, and liked to surf the Internet to find clothes that were both trendy and cheap. But unfortunately there aren't many options out there. This led me to the idea of ​​selling more women's clothing on eBay, in addition to a full-time job in the insurance industry earning $25,000 at the time. At first, this was just a hobby for fun. I also did not expect that 10 years later, me and my husband - Cris will be spending full time with Pink Lily. Last year...

 The billion-dollar investment scam shocked Singapore When Covid-19 broke out in Singapore, rumors began to appear among the rich in this country about a fund manager paying profits up to 60% per year. Rumors then began to spread. More and more Singaporeans are pouring money to Ng Yu Zhi, a 34-year-old former accountant, to buy and sell nickel. This is the key metal in rechargeable batteries that Tesla's Elon Musk once asked suppliers to "please mine more". Not long after, Envy Group - Ng's fund - raised nearly 1.5 billion Singapore dollars ($1.1 billion) from hundreds of customers. He also pays quarterly interest, looks very successful, lives in a mansion in one of the most expensive areas in Asia, has a yacht and a fleet of supercars. Then suddenly, in February 2021, the Singapore police arrested Ng, accusing him of operating the largest fraud ring in the history of this island nation. According to police and accountants investigating Ng's books, the transaction...

 US stocks sold off, crude oil prices soar Concern about the possibility of Russia attacking Ukraine caused the DJIA to lose 1.4%, while the price of WTI oil increased by nearly 4% yesterday. Closing the session on February 11, the DJIA dropped more than 500 points, or 1.4%, when the administration of US President Joe Biden confirmed that it was ready to react if Russia attacked Ukraine. The S&P 500 and Nasdaq closed down 1.9% and 2.8%, respectively. "The Russia-Ukraine tensions have cast a shadow on investor sentiment lately," said John Lynch, chief investment officer at Comerica Wealth Management in a report. However, recent developments show that this desire is increasingly remote." This tension could drag the market into another correction - down 10% from the most recent peak, Lynch said, as "investors sell first and ask questions later". For the whole week, 3 main indexes of Wall Street all went down, ending 2 consecutive weeks of gains. "Investor...

 America's super-rich spend more than 40 billion USD to buy luxury houses Last year, more than $40 billion flowed into U.S. residential properties valued at $10 million or more. According to a report by real estate brokerage Compass Inc, more than 2,300 purchases of homes priced at $10 million or more in 2021 - an increase of 112% compared to 2020. Long Island alone in New York 5 properties were sold for 10 million USD or more with a total value of 101 million USD. Thanks to a booming stock market and low interest rates, over the past two years, the share of the richest has increased by 0.1%. This has left the luxury housing market flooded with wealthy people who want to trade with the aim of protecting their assets from inflation. And despite signs of the US Federal Reserve - the Fed tightening the money market, home sales show no signs of slowing down. "Many people view luxury real estate as a safe, secure asset. It's a hedge against inflation," said Carl Gambino, a...

 SoftBank empire shakes Plunging profits, wobbly shares and the departure of a key executive are casting a shadow over the SoftBank empire. Over the past decade, SoftBank and founder Masayoshi Son have garnered global attention with their investments and startups. Essentially, this empire has contributed to reshaping the way startups raise capital. But now, the bad news is piling up. This week, SoftBank's plan to sell Arm, a $40 billion chip design company, to Nvidia, failed because of regulatory obstacles. Shares in several major tech companies in which SoftBank owns shares, from Chinese internet giant Alibaba to food delivery service DoorDash, tumbled amid a sell-off in high-growth tech stocks. more than. And one of Son's key deputies, Marcelo Claure, left the company in January after a bitter dispute over pay. Mr. Masayoshi Son and Mr. Marcelo Claure in Idaho in 2018. Photo: Bloomberg Masayoshi Son and Marcelo Claure in Idaho 2018. Photo: Bloomberg The decline in SoftBank...

 World gold price spiked because of Ukraine tension Each ounce increased by tens of dollars to a 2-month peak due to concerns about inflation in the US and tensions between Russia and Ukraine. Closing the session on 11/2, the world spot gold price increased by more than 32 USD to 1,859 USD an ounce. During the session, the price sometimes rose to $1,865 – the highest in the past 2 months. In total for the whole week, prices increased by nearly 3%. The demand for safe-haven gold rose yesterday after White House national security adviser Jake Sullivan warned Russia could attack Ukraine at any time and would start with an air strike. The world gold price yesterday increased by more than 30 USD. The world gold price yesterday increased by more than 30 USD. “Gold is receiving a haven inflow, due to heightened geopolitical risks and concerns over rising interest rates on global growth,” said Chris Gaffney, head of global markets at TIAA Bank. Gold is seen as an inflation hedge and a safe...