Billionaire Leo Coguane, who calls himself Tesla’s third-largest individual shareholder, has demanded that the company conduct a $15 billion share buyback, CNBC reported. Responding to a tweet by Tesla’s senior director of investor relations Martin Veach, Coguane said the automaker should buy back $5 billion worth of shares as early as this year and $10 […]

Billionaire and founder of crypto exchange Binance Changpeng Zhao wrote on Twitter that he is “poor again” after the collapse of crypto-token Luna, as Binance’s holdings in the crypto-asset, which were once worth $1.6 billion, are now worth about $2200, Business Insider writes. Zhao is probably lying, though: he’s still a billionaire, and Binance is […]

In April, consumer prices in Japan increased by 2.5% compared to the same month a year earlier – the highest rate since October 2014, according to data from the country’s Ministry of Internal Affairs and Communications. The inflation rate exceeded the 2% mark for the first time since September 2008, excluding the effect of a […]

During today’s trading, the US dollar is changing slightly against the euro and the Japanese yen. At the same time, the dollar index may interrupt the six-week series of growth and end the week with a decline, as the continuing weakness of U.S. statistical data amid aggressive tightening of monetary policy by the Federal Reserve […]

The People’s Bank of China (PBOC, the country’s central bank) unexpectedly cut its 5-year benchmark lending rate (LPR) by 15 basis points to 4.45% from 4.6%. The rate cut was the maximum since the rate reform in 2019. The one-year lending rate was left at 3.7%, the NBK said in a statement. It was cut […]

Last November, the world’s largest cryptocurrency, bitcoin, soared to $68,990 and is now around $29,000 – a staggering 58% pullback from its peak, Yahoo writes. American investor and author of the investment book Rich Dad Poor Dad, Robert Kiyosaki believes, paradoxically, that the crisis is the best time to buy. According to him, if the […]

The dollar exchange rate fell by 2.04 rubles or 3.3% – to 59.86 rubles. – at the beginning of trading on Friday, May 20, according to data from the Moscow Exchange. The dollar exchange rate on Mosbirge fell below 60 rubles for the first time since April 9, 2018. The euro fell below 61 rubles […]

According to Anatoly Aksakov, chairman of the Financial Market Committee of the Russian State Duma, the first digital financial assets based on Russian blockchains may appear this year, Bitcoin.com writes. Speaking at the Moscow Academic Economic Forum, Aksakov noted that active work is now underway in this area following the adoption of the law “On […]

Russia’s revenues from gas sales to the EU will reach a record $100 billion in 2022, thanks to a rapid rise in prices, French publication Les Echos writes, citing a forecast by analysts at Citigroup (NYSE:C). That amount is double the amount from last year, when fuel prices “were already high,” and does not take […]

The American metallurgical corporation Arconic has announced its intention to sell its business in Samara, which will entail a loss of up to $500 million, the company’s press service reported. “The company has conducted a thorough analysis of strategic alternatives, taking into account the restrictions imposed on our operations by the Russian government and as […]

Finland’s gas company Gasum said that Russia may stop importing natural gas this week. This is reported on the company’s official website. “There is a real risk that natural gas supplies under the company’s contract will cease, and there is also a possibility that natural gas imports from Russia to Finland will cease either late […]

Moscow Exchange plans to launch a separate trading mode for non-residents at the end of June. Withdrawal of funds for them will still be unavailable, Interfax reports citing sources. According to the agency, brokers are already preparing appropriate IT solutions to provide an opportunity to trade in this mode to their “blocked” non-resident clients. “The […]

A slight easing of monetary policy in China sparked a brief market recovery in the U.S., but U.S. stocks are still on course for their lowest weekly close since March 2021. U.S. President Joe Biden is expected to sign a $40 billion aid bill for Ukraine after the Senate voted in favor of it on […]

Twitter (NYSE:TWTR) shares rose 3% on Thursday after the company informed employees that its deal with Elon Musk is not on hold and the deal price of $54.20 per share will not be renegotiated, Business Insider writes. Musk recently wrote on the social network that his deal with Twitter is “on hold” as he must […]

Warren Buffett is undoubtedly the most famous and influential investor in modern history, so it’s no surprise that the investment portfolio of Berkshire Hathaway Inc., the holding company of which Buffett is chairman and CEO, attracts widespread attention. But Buffett’s investment model has long been transparent, simple and consistent: he invests in large blue chip […]

The Bank of Russia has decided to cancel the ban on short selling from June 1. This is reported in the press release of the Central Bank on the official website of the regulator. In addition, the ban on buying currency with leverage is canceled. Also, the Central Bank decided to temporarily reduce the amount […]

Oil is getting more expensive today after the increase in the results of the previous week. Oil quotations ended last week with strong gains, with WTI adding about 2.5% and Brent up about 1% amid investor supply concerns. “The attention of the oil market fluctuates between the tightening of monetary policy, causing an economic downturn, […]

The U.S. stock market ended Friday’s trading, which was marked by volatility, mixed. Despite the fact that the stock indices started the session on a positive note, they were declining throughout most of the trades. The S&P 500 and Dow Jones Industrial Average indices still managed to end the day in the green zone. Participants […]