Data released this week revealed that US import prices had increased by a record number not seen since April 2011. Namely, import prices surged by 2.00% in January.
On Wednesday, Barrick Gold Corporation announced its quarterly results. The company revealed that it had doubled earnings. Moreover, the company revealed that it would buy back up to $1 billion of shares.
At 19:00 GMT on Wednesday, the US Federal Reserve's Federal Open Market Committee published its meeting minutes from January. The document revealed that the Committee agreed upon that, if inflation does not decrease as expected, the Fed would tighten policy more than planned.
This week, Intel revealed that the company would expand in specialty chip manufacturing via a $5.4 billion acquisition of Tower Semiconductors. The stock price of Tower Semiconductors jumped more than 40.00% on the announcement.
On Tuesday, the Prime Minister of the United Kingdom Boris Johnson stated that the UK could ban Russian companies from raising funds in London.
This week, the Chief Economist of the World Bank Carmen Reinhart stated that, unless the US Federal Reserve tightens monetary policy as soon as possible, the US could face persistent inflation.
This week, crude oil price movements were fuelled by fundamentals, as news about escalation or de-escalation in Ukraine caused either a surge or decline of oil price benchmarks.
Reuters revealed this week that the $27 billion oil deal between TotalEnergies and the Iraqi government was stuck due to a dispute over risks and terms being changed by the government.
On Tuesday, the owner of Burger King and Tim Hortons Restaurant Brands revealed that due to online sales the company had beat its quarterly earnings estimates.
On Tuesday, the Russian government announced that it had ordered a part of its military to leave border regions near Ukraine and return to their bases. The global markets reacted with an increase of risk on sentiment, as stocks and cryptocurrencies surged. Meanwhile, the Japanese yen, gold and oil prices declined.
This week, Johnson & Johnson revealed that it would use a subsidiary that would claim bankruptcy to avoid nearly 40,000 claims that the company's products cause cancer.
This week, Toshiba announced that it had called a general meeting of stock holders on March 24. Shareholders are bound to vote on the sale of the company's device business.
Lockheed Martin announced on Monday that the company would cancel its $4.4 billion acquisition of Aerojet due to regulatory issues.
Ford Motor Company revealed last week that the company intends to export electric vehicles to India.
On Monday, Airbus revealed that it expects good sales of the company's A350 freight airplane despite competition from Boeing.
On Friday, the Chief Financial Officer of Mercedes-Benz Harald Wilhelm revealed that the company expects an easing in raw material prices and semiconductor supply in the second half of 2022.
The US President Joe Biden recently commented that the ongoing consumer inflation surge has been stretching the budgets of average Americans.
Last week, Uber released that the company has made an annual operating profit of $5 billion, which was below the analyst estimate of $5.7 billion.
Industrial gas giant Linde has revealed that the company expects 10%-13% increase in its earnings in 2022.
This week, the European Commission revealed that it is cutting its EU GDP growth forecast and increases expected inflation view.
On Thursday, Tesla announced another recall of vehicles, as nearly 579,000 vehicles are reportedly having issues with pedestrian warning risk sounds.
The Coca Cola Company announced this week higher than forecast earnings, as higher prices for soft drinks boosted the company's profits.
This week, the government of California sued Tesla over allegation that the company had been racially discriminating.
Data published on Thursday revealed that US Consumer prices had experienced largest annual increase in a period of 40 years.