Money
Airbnb has suspended all operations in Russia and Belarus
Airbnb has officially stopped all operations in Russia and Belarus in a new company policy effective from April 4
The choice of the company to pull operations in Russia and Ukraine is in response to Vladimir Putin’s invasion of Ukraine.
Individuals wanting to travel to the two countries will no longer be able to book stays with Airbnb.
Russian and Belarusian residents are also barred from booking accommodation at other Airbnb listings.
Brian Chesky, the co-founder and chief executive of Airbnb, added the Ukrainian flag to his Twitter profile and tweeted about the suspension.
All reservations made after today have been cancelled, with the policy announced following Russia’s takeover of Europe’s largest nuclear power plant a month ago.
Airbnb is also offering short-term housing solutions to those fleeing Ukraine in Poland, Moldova, Romania, Hungary and Slovakia.
Russia has more than 93,000 listings on Airbnb and Belarus almost 4,000, according to AirDNA.
Airbnb joins a list of companies that are pausing operations in Russia, including Ikea, Apple, Netflix, H&M, Burberry, BMW, Mercedes-Ben and many others.
Amanda Gunn contributed to this report
Money
Gold hits record highs as investors flee risk
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.
The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.
Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.
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Money
Markets edge higher as 10-year yields hit new highs
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.
The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.
Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.
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Money
Commodities surge as oil volatility and metals hit record highs
Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.
Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.
Global commodities are on the move, with oil prices swinging sharply as geopolitical tensions involving Iran fuel uncertainty across energy markets. Traders are closely watching supply risks and political flashpoints, driving short-term volatility.
Precious metals are stealing the spotlight, pushing to record highs as investors seek safety amid inflation concerns, interest-rate uncertainty and rising global risk. At the same time, industrial metals are surging, supported by demand expectations and tightening supply.
To unpack what this means for markets and investors, we’re joined by Kyle Rodda from Capital.com to break down the key drivers behind this powerful commodities rally.
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#Commodities #OilPrices #Gold #Metals #MarketVolatility #Geopolitics #Investing #TickerNews
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