The CEO of Peloton Interactive Inc. John Foley will resign and become CEO, the Wall Street Journal reports, citing company information. The publication writes that the exercise bike maker, which became popular during the pandemic, will now lose about 2,800 jobs, affecting about 20% of corporate positions. Barry McCarthy, former CFO of Spotify Technology SA, […]

Russian President Vladimir Putin and Chinese leader Xi Jinping have common interests but very different diplomatic styles and goals, according to observations by Robert Daly, director of the Kissinger Institute on China and the United States, CNBC reported. “China and Russia are probably closer now than at any time in the last 70 years,” Daly […]

Apple’s manufacturing partner Foxconn has announced its readiness to enter the fast-growing electric car market. This is reported by RB.RU. It is also known that mass production will begin at the plant in Thailand in the first quarter of 2024. The plant will be a joint venture of National Petroleum Corporation of Thailand and Foxconn. […]

Major cryptocurrencies continue their growth on Tuesday, with bitcoin approaching the psychological mark of $45,000, despite reports that US electric car maker Tesla has recorded a loss of $101 million in bitcoin in 2021 due to the cryptocurrency’s plunge. Ignoring this news, the bitcoin exchange rate rose 3.7% overnight to $44417 with a capitalization of […]

SoftBank Group Corp has postponed a major deal to sell Arm Ltd to U.S. chip maker Nvidia Corp for up to $80 billion, citing regulatory hurdles, and will instead seek to list the company. Britain’s Arm, which appointed a new CEO on Tuesday, said it will go public by March 2023, while SoftBank CEO Masayoshi […]

Due to technical problems just before liftoff, the launch of a Rocket 3.3 rocket carrying four research cubesats on behalf of NASA has once again been postponed, California-based carrier developer Astra Space said. A glitch in the onboard computer system was reportedly detected seconds before liftoff. The launch was originally scheduled to take place as […]

Oil prices fell on Tuesday ahead of the resumption of indirect nuclear talks between the U.S. and Iran that could lead to the resumption of crude oil exports from the Persian Gulf nation, while tensions over Ukraine eased.  By 9:15 a.m. ET (2:15 p.m. GMT), U.S. crude futures were trading down 1.3 percent to $90.16 […]

The Canadian dollar weakened against its U.S. counterpart on Tuesday, giving back some of the previous day’s sharp gains as oil prices fell and data unexpectedly showed a trade deficit. Statistics Canada said Canada’s trade deficit totaled 137 million Canadian dollars in December as imports rose and exports fell from November. Analysts had forecast a surplus […]

Red Wings airline plans to increase passenger traffic by 45% by the end of 2022 compared to the “pre-pandemic” 2019 – up to 4.5 million people. The airline’s CEO Evgeny Klyucharev said at a meeting with Krasnodar Region Governor Veniamin Kondratiev in Krasnodar on Tuesday that the airline plans to carry 2 million passengers on […]

Red Wings airline plans to increase passenger traffic by 45% by the end of 2022 compared to the “pre-pandemic” 2019 – up to 4.5 million people. The airline’s CEO Evgeny Klyucharev said at a meeting with Krasnodar Region Governor Veniamin Kondratiev in Krasnodar on Tuesday that the airline plans to carry 2 million passengers on […]

Beyond Meat is projected for long term growth After analysts at Barclays raised the forecast and target price of Beyond Meat, which produces an alternative to meat products, its shares instantly jumped to $59.49, up 4.93%. Thus, the target price per share was increased from $70 to $80, 41% higher than the securities’ closing price […]

AMD gets Chinese approval to buy Xilinx for $35 bln Preliminary approval by Chinese regulators of a purchase deal announced a year ago has pushed up Xilinx and AMD securities. One of the conditions of the regulators was the company’s continued supply of Xilinx products to China, as well as cooperation with enterprises in China […]

The U.S. dollar is declining against the euro and yen in trading on Wednesday. The market is focused on the US inflation data for January, which will be released on February 10. In December last year, consumer prices in the United States rose by 7% relative to the same month a year earlier – the […]

Apple Inc is introducing a new feature that will allow iPhones to accept card payments and digital payments. The feature, to be launched later this year, will use NFC short-range wireless data transfer technology to make all kinds of payments, including between iPhones, Apple said Tuesday. The tech giant added that it will not receive […]

The Russian government has supported the concept of regulation of cryptocurrencies developed by the Ministry of Finance. This is reported by RTVI with reference to a source. Until February 18, the Ministry of Finance together with the Central Bank, which previously advocated a complete ban on digital currency and mining, should prepare a bill on […]

The U.S. market rallied on Tuesday on the back of rising bond yields; with financial and small-cap companies driving the market’s gains and technology companies keeping pace. Tuesday also saw a rare drop in oil prices, as West Texas Intermediate recorded a second consecutive day of declines before the release of the API oil inventory […]

Gold prices have remained resilient in the face of broad market volatility in recent weeks, somewhat detached from the typical price drivers of bond yields and the dollar. Even as 10-year Treasury yields and the U.S. dollar index rose from intra-year lows in late January, the precious metal held above the $1,800 per troy ounce […]

Oil prices declined for a third session on Wednesday due to profit taking over concerns about a possible increase in supplies from Iran, despite industry data showing an unexpected drop in U.S. crude inventories. Brent crude futures were down 8 cents, or 0.1%, to $90.70 a barrel by 08:25 GMT, while U.S. West Texas Intermediate […]