Investors in the Tether stablecoin have withdrawn $7 billion from the currency since it began falling and then regained its dollar peg, Yahoo writes.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 […]

International rating agency S&P Global Ratings has raised its estimates of consumer price growth rates for most countries for the coming years. In the U.S., inflation is now expected to be 6.7% in 2022 and 2.6% next year, up from the previously expected 5.6% and 1.8%, respectively. For the eurozone, the estimate has been raised […]

The U.S. dollar is getting cheaper against the euro in trading on Thursday after strengthening significantly against the European currency the day before. The head of the Finnish Central Bank Olli Rehn said, speaking in Helsinki on May 18, that the members of the ECB Governing Council agree on the need to move away from […]

The Ministry of Finance will oblige to pre-install RuStore app store on smartphones, and Rosstat has tentatively estimated GDP growth in the first quarter at 3.5% – these and other important news for Thursday morning, May 19, in our daily review. The Russian business of McDonald’s, which earlier announced the sale of assets, may get […]

After the fateful Terra (LUNA) crash for the entire cryptocurrency industry, bitcoin is trying to regain lost ground these days. According to Simon Peters, a crypto asset analyst at eToro, “investors are now watching to see how the major players in the crypto space can maintain their levels going forward.” But as crypto-asset transactions among […]

S&P Dow Jones Indices has excluded Tesla Inc. from the S&P 500 ESG index following its annual rebalancing, considering that the electric car manufacturer lags behind other companies on a number of ESG criteria (environmental, social and corporate governance factors). The decision angered Tesla CEO Ilon Musk, who called ESG a “grand scam.” “Exxon leads […]

International rating agency S&P Global Ratings has downgraded India’s economic growth forecast for the current fiscal year to 7.3% due to accelerating inflation and a longer-than-expected conflict between Russia and Ukraine. In December 2021, S&P had forecast India’s GDP growth at 7.8% in FY 2022-2023. S&P’s updated forecast said that inflation will remain high for […]

Investors are reluctant to invest in the development of oil and gas production projects in the United States, Deputy Prime Minister Alexander Novak has said. “Since people have come there, as they say, who belong to the “green”, they do not create new additional incentives for the development of oil production, gas production. First of […]