Japan’s economy returned to contraction in the first quarter of 2022, shrinking by 0.2% compared to the previous three months, preliminary official data showed. Experts on average had forecast a stronger GDP decline of 0.4%. According to the revised data, GDP rose 0.9% in the fourth quarter, not 1.1% as previously reported. The contraction in […]

Car sales in the European Union in April declined by 20.6% relative to the same period in 2021, according to the European Automobile Manufacturers Association (ACEA). The fall continues for the seventh month in a row amid a persistent global shortage of semiconductor components, which negatively affects the automotive industry. In March, the figure was […]

The Russian stock market started trading on the rise amid favorable external stock market conditions and a temporary lull in the West’s anti-Russian sanctions rhetoric. In the U.S. stock indices on the eve rose by 1.3-2.8%, led by Nasdaq, thanks to positive statistical data showing that the U.S. economy remains stable, despite a significant tightening […]

German Deutsche Bank has terminated relations with a number of Russian banks that had correspondent accounts in euros opened with it. This is reported by RBC with reference to sources. Deutsche Bank in mid-March 2022 sent Russian banks a notice of closure of accounts on April 8, in fact, the accounts worked until April 7 […]

Russia will face a two-year recession: the country’s GDP will shrink in 2022 and 2023. This forecast is contained in the updated scenario conditions of economic development for 2023 and the planned 2024-2025 years developed by the Ministry of Economic Development. The document was familiarized with “Vedomosti”. The Ministry of Economic Development reported that the […]

In May, professional investors became even more wary of shares of technology companies. This is reported by CNBC with reference to the survey of Bank of America among fund managers. According to the survey, managers reduced their positions in shares of technology companies by 23 percentage points compared to the previous month – up to […]

Famous short-seller Michael Burry, according to a filing with the U.S. Securities and Exchange Commission (SEC), has bet against Apple this time, The Street writes. During the first quarter, Burry, who is at the helm of hedge fund Scion Asset Management, which is known for predicting and profiting from the housing bubble and subprime mortgage […]

Investors in the Tether stablecoin have withdrawn $7 billion from the currency since it began falling and then regained its dollar peg, Yahoo writes. Tether’s circulation fell from $83 billion last week to about $76 billion on Tuesday. The nearly $7 billion decline in the currency’s value was attributed to investors remaining cautious about the […]

Google’s Russian subsidiary Google plans to file for bankruptcy in an arbitration court, according to a notice on Federal Resource. The company’s notice says that since March 22 this year, Google “anticipates its own bankruptcy and the impossibility of fulfilling its monetary obligations”. Google was fined a negotiable fine of over 7.2 billion rubles for […]

The leaders of the European Union (EU) member states have approved a plan to abandon Russian energy resources, called REPowerEU. This was announced on Twitter (NYSE:TWTR) by the head of the European Commission Ursula von der Leyen. Under the plan, the EU intends to reduce its dependence on Russian gas by 67%. Ms. von der […]

Over the course of the year, all major stock indices in the U.S. fell sharply: the S&P 500 fell by 15% and the NASDAQ by 24%, and in such an environment, the best investor strategy would be to simply follow the winner. The latter can easily include billionaire investor George Soros, who achieved the greatest […]

Mastercard will launch the Biometric Checkout Program system, allowing customers to pay at the checkout with a smile or a wave of the hand. This is reported on the official website of the payment system. According to the company, the biometric checkout system will speed up payments, reduce queues and provide greater security than a […]

Warren Buffett’s Berkshire Hathaway Corporation invested in Citigroup and Paramount Global last quarter and more than quadrupled its stakes in Chevron and Activision Blizzard, nearly eliminating its holdings in Verizon, writes Business Insider. Warren Buffett’s Berkshire Hathaway added shares of Citigroup and Paramount Global to its equity portfolio last quarter, according to a report filed […]

In April, the number of homes under construction in the US fell 0.2% from the previous month to 1.724 million at an annualized rate, the country’s Commerce Department said. In March, according to the revised data, the number of new buildings amounted to 1.728 million, not 1.793 million, as previously reported. Experts had forecast the […]

The number of mortgage loan applications reported in the U.S. last week fell 11% from the previous week on a seasonally adjusted basis, the Mortgage Bankers Association (MBA) reported May 18. The index fell for the first time since the third week of April.The refinance index was down 9.5%. The average rate on a 30-year […]

Coinbase shares jumped 14% on Tuesday as the company said it plans to slow down hiring, Business Insider writes. The cryptocurrency exchange said in a blog post that it had planned to triple its hiring this year, but was forced to reduce the pace of hiring to shore up its business during the downturn in […]

The U.S. stock market ended Wednesday’s trading with a decline amid negative dynamics on the part of the consumer services, consumer goods and technology sectors. At the time of closing on the New York Stock Exchange, the Dow Jones fell in price by 3.57%, reaching a 52-week low, the S&P 500 index fell in price […]

Oil prices are rising, correcting after falling at the end of the previous session. Growing fears of a possible recession in the US as a result of rapid monetary policy tightening by the Federal Reserve (Fed) led to a stock market crash on Wednesday, leading to a downturn in the oil market despite data on […]