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πŸ‡§πŸ‡· 𝑹𝑬𝑭𝑺 𝑨π‘ͺ𝑲𝑬𝑹𝑴𝑨𝑡 πŸ‡§πŸ‡·

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πŸ‡§πŸ‡· 𝑹𝑬𝑭𝑺 𝑨π‘ͺ𝑲𝑬𝑹𝑴𝑨𝑡 πŸ‡§πŸ‡·
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πŸ‡§πŸ‡· 𝑹𝑬𝑭𝑺 𝑨π‘ͺ𝑲𝑬𝑹𝑴𝑨𝑡 πŸ‡§πŸ‡· Telegram | DID YOU KNOW?

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That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were uglyβ€”and out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that it’s on a sustainable path higher. Higher long-dated bond yields make future profits less valuableβ€”and many tech companies are valued on the basis of profits forecast for many years in the future. The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%. The news also helped traders look past another report showing decades-high inflation and shake off some of the volatility from recent sessions. The Bureau of Labor Statistics' February Consumer Price Index (CPI) this week showed another surge in prices even before Russia escalated its attacks in Ukraine. The headline CPI β€” soaring 7.9% over last year β€” underscored the sticky inflationary pressures reverberating across the U.S. economy, with everything from groceries to rents and airline fares getting more expensive for everyday consumers. "The argument from Telegram is, 'You should trust us because we tell you that we're trustworthy,'" MarΓ©chal said. "It's really in the eye of the beholder whether that's something you want to buy into." Pavel Durov, a billionaire who embraces an all-black wardrobe and is often compared to the character Neo from "the Matrix," funds Telegram through his personal wealth and debt financing. And despite being one of the world's most popular tech companies, Telegram reportedly has only about 30 employees who defer to Durov for most major decisions about the platform.
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Created: 2023-07-17

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