In January-May 2022, Russian banks issued car loans worth 257.3 billion rubles or 40.9% less than in the same period last year, according to the report of the National Bureau of Credit Histories (NBKI). At the same time, compared to the first 5 months of “pandemic” 2020, the volume of issued car loans at the […]

Changes in the US dollar and yuan on the Moscow Exchange at the start of trading on Tuesday morning are insignificant, while there were no transactions with the euro in the first 10 minutes. The first transactions on the US dollar were held in the range of 58.36-58.5 rubles, at the end of the third […]

The Dow index entered further into bear market territory on Tuesday, but Big Tech stocks rebounded despite growing concerns about a slowing global economy. The U.S. Federal Reserve is determined to stop inflation, but some fear it will overreach and push the U.S. economy into recession. The impression is that the Fed is expected to […]

Shares of electric car maker Tesla (NASDAQ:TSLA) fell 6.5% to $248 during trading on the NASDAQ premarket on Monday, October 3. At the time of writing, the decline had slowed to 4.62%, RBC notes. Quotes began to decline amid the publication of the quarterly supply report. According to the results of the third quarter of […]

There was a dramatic shift in the currency rate of the British pound on Monday: it rose sharply against the dollar after the UK government announced the withdrawal of the plan to cut taxes for the rich, which scared investors and shook the market, writes Business Insider. This news was confirmed today by UK Finance […]

NVIDIA employees have been announced the closure of the office in Russia, it should take place by the end of October, Forbes writes with reference to a source close to the company. The information was also confirmed by a representative of NVIDIA. The company is now “actively taking out on charter planes those who agree […]

Cryptocurrency lender Celsius filed for bankruptcy in July amid a collapse in the cryptocurrency market. This week, its founder and CEO Alex Mashinsky also left his post, having previously managed to withdraw $10 million in cryptocurrency before the company froze withdrawals, writes Business Insider. The director’s withdrawal took place back in May, when problems in […]

Asian stock markets rose on Tuesday amid hopes that a weakening U.S. economy will prompt the Federal Reserve to reduce its hawkish tone, while a partial withdrawal of the U.K.’s controversial tax plan also boosted sentiment. Japan’s Nikkei 225 index jumped 2.8%, while Taiwan’s benchmark index and South Korea’s KOSPI rose more than 2% each. […]

Shares of cannabis producers and sellers soared after US President Joe Biden’s decision to pardon those who were federally convicted of marijuana possession, RBC writes. At the end of the postmarket on Thursday, October 6, shares of Tilray soared 39.93% to $4.17 on NASDAQ, shares of Canopy Growth – by 28.01% to $3.93, shares of […]

The U.S. stock market fell again on Thursday as investors held their breath waiting for the much-anticipated jobs report for September. There is growing concern on Wall Street that the U.S. Federal Reserve’s decisive action to raise interest rates this year will overstep the mark and drive the economy into recession. A tight labor market […]

The CEO of the world’s largest cryptocurrency exchange Binance Changpeng Zhao announced today on Twitter about the hacking of the exchange. Hackers managed to attack the bridge between blockchains and steal about $100 million in Binance Coin currency, but now the situation has been resolved, writes Business Insider. Zhao was quick to reassure customers of […]

The Delaware Chancery Court hearing the litigation between billionaire Ilon Musk and Twitter (NYSE:TWTR) ruled on Thursday that Musk must complete the acquisition of the platform by October 28 if he wants to avoid litigation. The ruling stems from the fact that Musk made a second offer to buy Twitter a few days ago. The […]

The French government will spend 100 billion euros on measures to combat high inflation between 2021 and 2023, French Economy and Finance Minister Bruno Le Maire said in a speech to the National Assembly, the lower house of the French parliament. “In October 2021, we took one of the most important decisions of the previous […]

According to Charles Schwab, the U.S. Federal Reserve will be forced to slow the pace of rate hikes as volatility in the bond and currency markets grows, as it risks not only recession but financial disaster, Business Insider writes. The U.S. central bank has already raised the rate three consecutive times this summer by 75 […]

Oil prices continue to decline this morning after the previous day’s drop caused by weak macroeconomic data from China. The cost of December futures for Brent on the London exchange ICE Futures at 8:38 Moscow time amounted to $95.86 per barrel, which is $0.33 (0.34%) below the price at the close of the previous session. […]