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Japanese Prime Minister Sanae Takaichi: Canadian crude oil arrived in Japan today, the first time since the deterioration of the situation in the Middle East.On August 12th, according to the Financial Times, Federal Reserve Chair Janet Collins stated that the war in Iran has exacerbated cost-of-living pressures, leaving many in the US struggling to make ends meet. She warned that the Fed may need to raise interest rates to curb inflation. Collins noted that businesses and households in the northeastern US are being squeezed by inflation, which has exceeded the central banks 2% target for over five years. She pointed out, "I hear about [prices] in almost every conversation (with businesses)." She added, "Among low- and middle-income households, I hear more and more about the challenges they face…like struggling to make ends meet. Energy prices are really unbearable, especially in our region." Collins, who currently has no voting rights on the FOMC, supported keeping interest rates unchanged in July, considering the current level "slightly contractionary" and stating that "this would allow them to expect a gradual and sustained decline in inflation." However, she indicated that she would be willing to support a rate hike as early as September if economic data suggests the need for one. She said, "I do think that economic conditions in the coming months may require a tighter policy, in which case I am prepared to raise interest rates."August 12th - According to the Financial Times, Ukrainian officials stated that Ukraine has ceased its intensive drone attacks on oil tankers using key Black Sea ports following a request from US Vice President Vance at the end of last month. Washington was reportedly shocked, as Ukraines attacks on tankers transporting crude oil from Kazakhstan to the Caspian Pipeline Union (CPC) terminal in Novorossiysk, Russia, further destabilized the oil market and harmed the interests of US companies. According to Ukrainian officials and other informed sources, Vance requested a halt to the attacks during a phone call with Ukrainian President Zelensky on July 31st. According to official sources and the Financial Times analysis of publicly available information, Ukraine has not attacked oil tankers near the Caspian Pipeline Union (CPC) terminal since then. Officials stated that Ukraine has agreed not to target Caspian Pipeline Union (CPC) infrastructure or non-Russian vessels, provided these vessels are not subject to Ukrainian sanctions and are not carrying Russian oil or other Russian goods. A senior Ukrainian official stated, "We listened very seriously to our US partners." He added that Kyiv has established relevant "mechanisms" at the request of the US.On August 12th, shares of South Korean chipmakers rose after media reports that Temasek Holdings planned to invest in their stocks. Samsung Electronics and SK Hynix shares surged by over 8% at one point, boosted by a report in the Asia Business Daily that Temasek had contacted South Korean investors regarding potential investments in Samsung and SK Hynix. It is understood that Temasek Holdings is considering the timing of the investment and plans to invest directly through its internal investment team. The South Korean KOSPI index also rose by approximately 5% as a result. In July, these chipmakers shares suffered a sharp sell-off as market concerns about the rapid pace of artificial intelligence infrastructure development led to the liquidation of leveraged positions. Recently, the shares have begun to rebound as market attention has shifted to the companies planned shareholder return policies.According to the Wall Street Journal, Japanese self-driving startup Turing plans to set up an office in the United States, aiming for a $10 billion IPO valuation.

Musk Suggests He May Attempt To Reduce The Purchase Price of Twitter

Haiden Holmes

May 17, 2022 10:27

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Elon Musk said on Monday that he may seek a cheaper price for Twitter Inc (NYSE:TWTR), claiming that there may be at least four times as many false accounts as the firm claims.


At a seminar in Miami, he stated, "You cannot pay the same price for something that is considerably worse than they claimed."


Musk, who stated on Friday that his $44 billion plan to acquire Twitter was on hold pending information on spam accounts, reckons that at least 20 percent of Twitter's users are spam accounts, as opposed to Twitter's official estimate of 5 percent.


When questioned during the conference if the Twitter acquisition is feasible at a different price, Musk answered, "It's not impossible."


"The more questions I ask, the more concerned I become," he stated at the All-In Summit 2022.


"They assert that their system is so intricate that only they can comprehend it... It cannot be a profound mystery that is, for example, more complicated than the human soul."


Following Musk's comments, Twitter's stock price declined further in late afternoon trade.


The stock fell more than 8 percent to settle at $37.39, a level lower than the day before Musk disclosed his Twitter stake in early April, raising doubts that the billionaire entrepreneur would proceed with his acquisition of the firm at the agreed-upon price.


Twitter CEO Parag Agrawal tweeted earlier on Monday that internal estimates of spam accounts on the social media network over the last four quarters were "far under 5%," in response to days of criticism from Elon Musk regarding the company's treatment of fake accounts.


He noted that Twitter's estimate, which has been unchanged since 2013, could not be replicated outside due to the necessity of using both public and private information to evaluate if an account is spam.


The feces emoji was Musk's response to Agrawal's defense of the company's technique.


"So how can advertisers determine the value of their investment? This is crucial for Twitter's financial health "Musk stated.


Musk has vowed to alter Twitter's content moderation policies, criticizing judgments such as the company's ban of former President Donald Trump as unduly severe and promising to crack down on "spam bots" on the platform.


Musk has proposed testing random samples of Twitter users in order to identify bots. He added, "there is a possibility that it exceeds 90 percent of daily active users."


Independent experts believe that between 9 and 15 percent of the millions of Twitter profiles are automated programs.


Twitter currently does not need users to register with their true names and openly allows automated, parody, and pseudonymous profiles on the service.


It prohibits impersonation and spam, and penalizes accounts whose objective is to "deceive or manipulate others" by engaging in frauds, coordinating abuse operations, or increasing activity artificially.


Concerns regarding Musk's disclosures of market-moving information could be heightened by his private remarks.


Musk, well-known for his honest Twitter posts, has a lengthy history of disputes with the U.S. Securities and Exchange Commission; a U.S. judge recently reprimanded him for attempting to evade a deal with the SEC requiring control of his Tesla (NASDAQ:TSLA) tweets.

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