Monthly Archives: October 2022

China could be set for even more Russian gas as Gazprom begins testing a key supply hub to reroute energy from Europe

Russia’s President Vladimir Putin and China’s President Xi Jinping. REUTERS/Carlos Barria Russia’s state-run Gazprom said Tuesday it is testing gas supplies in Kovykta, a key hub in east Siberia, per Reuters.  Those supplies would head to China and continue Moscow’s efforts to reroute flows from Europe. According to the report, Gazprom said Kovykta and new…

Boston ranks as the second-most expensive city for renters in the US, behind New York City. See the full list.

Average rents in Boston have jumped to the second most expensive, overtaking San Francisco. Getty Images Average rents across the US have dropped for the second consecutive month, according to data. New York City still holds the top spot as the most expensive city in the country for renters. Average rents in Boston have jumped,…

25 up-and-coming investors, traders, and dealmakers at firms like Blackstone, JPMorgan, and Citadel

Fidelity; General Atlantic; Jefferies Group; Goldman Sachs; Rachel Mendelson/Insider Each year, Insider highlights Wall Street rising stars.  These are up-and-comers in investment banking, trading, and asset management.  All are 35 or younger. Check out our full list.  As Wall Street navigates volatile markets, fewer deals, and plummeting company valuations, we take a look at the…

ProShares’ bitcoin futures fund burned through a record $1.2 billion of investors’ money over its 1st year, report says

ProShares’ Bitcoin Strategy plummeted 70% in its first year of trading as digital assets suffered through a ‘crypto winter’. Spencer Platt/Getty Images ProShares’ bitcoin futures fund is down $1.2 billion after a smash debut last year, the FT reported. Inflows to the Bitcoin Strategy ETF were $1.8 billion, but it has just $614 million AUM,…

Starbucks is opening an upmarket 3-floor store in the Empire State Building selling cocktails and offering coffee-making workshops

An employee scoops roasted coffee beans at the Starbucks Reserve Roastery Tokyo store. Alexander Spatari/Getty Images; Tomohiro Ohsumi/Getty Images Starbucks is opening a 23,000-square-foot store in the Empire State Building on November 16. The Starbucks Reserve store will sell hot drinks, cocktails, and food — some of which will be exclusive to the store. It…

Goldman CEO David Solomon warns a US recession is very likely – and says the Fed could hike rates above 4.5%

Goldman Sachs CEO David Solomon. REUTERS/Danny Moloshok Goldman Sachs CEO David Solomon said the US economy is likely to tumble into a recession. He warned Tuesday the Federal Reserve could hike rates above 4.5% if the inflation threat persists. The first big shift in monetary policy for four decades was bound to be disruptive, Solomon…

Fallout: New Vegas was originally meant to be an expansion for Fallout 3

As part of the celebrations for Fallout’s 25th anniversary, Bethesda has been uploading retrospectives on the history of the series. The latest video discusses Fallout: New Vegas, and Todd Howard, executive producer at Bethesda and one of its most public figures, revealed the game was initially conceived as an expansion for Fallout 3. Howard said…

Monster Hunter Rise sales surpass 11m units

Capcom has released its quarterly earnings, and shared some impressive figures for its Monster Hunter series. As of 30th September, Monster Hunter Rise has topped 11m sales. That is an increase of 1m since July. Meanwhile, its expansion title Monster Hunter Rise: Sunbreak has topped 4.4m sales cumulatively. Read more /format/jpg/quality/80/MH-rise.jpg” title=”Monster Hunter Rise sales…