Carl Icahn, the founder and chairman of Icahn Enterprises and a prominent investor, said Tuesday that recession and rising inflation are the main threats to the economy. Meanwhile, Russia’s military special operation in Ukraine has only added more uncertainty to his forecast, CNBC writes. “I think a recession or even something worse is quite possible,” […]

Shares of Alleghany Corporation (NYSE: Y), a U.S. insurance company founded in 1929, rose 25% in Monday trading following news of an $11.6 billion deal with Berkshire Hathaway Corporation. Warren Buffett’s holding company will pay $848.02 in cash per share, 29% above Alleghany’s average value over the past 30 days and 16% above its closing […]

If your goal is to provide a reliable source of income in retirement, it is imperative that you have quality dividend stocks in your portfolio. According to S&P Dow Jones Indices, since 1926, dividends have accounted for approximately 32% of the total return of the S&P 500, while capital gains have accounted for 68%. To […]

The Bank of Russia decided to resume trading in 33 shares included in the IMOEX index on March 24. Trades in these securities will be held from 09:50 to 14:00 MSC, short sales on them are prohibited. Trading on the futures market in contracts on the MosBirch index and individual shares included in the IMOEX […]

Russian President Vladimir Putin has instructed to transfer payments for Russian gas supplies to European countries to rubles. This is reported by TASS with reference to the President’s statement. The government and the Central Bank have been instructed to think over in a week the order of operations with which gas buyers will be able […]

Oil prices rose after Russia cut off supply through a Kazakh oil pipeline because of the need to repair damage caused by a hurricane, while U.S. oil inventories appeared to have fallen again last week. Voices at the Fed calling for active restrictive policy have grown louder. Inflation in the UK hit a 30-year high […]

The volume of ruble-denominated cryptocurrency trading appears to be continuing to decline despite regulators’ confidence that digital assets are being used to circumvent sanctions, Bloomberg writes. As of March 18, ruble-denominated cryptocurrency trading volume had fallen by more than half from a recent peak of about $70 million on March 7, according to data from […]

“Gold bulls finally got what they wanted when the precious metal hit $2000 per ounce two weeks ago. This milestone was reached after a 19-month wait – the last time gold traded so high was at the height of the COVID-19 pandemic. Now the bulls may have to wait another two months, or even longer, […]

The London office of Citibank refused to make a payment to Severstal for $12.6 million on Eurobonds for $800 million with a maturity date in 2024, RBC reports citing the company’s information. “Severstal” had to redeem this coupon on March 16. As part of new currency control measures in Russia, the company received permission from […]

The Moscow Exchange resumed trading in shares after almost a month’s break. At the opening, the Russian stock market rose by more than 10%. The Moscow Exchange Index rose by 11.8% to a maximum of 2,761.17 points. At the close of trading on February 25, after which the Bank of Russia ordered the suspension of […]

The Russian government will raise the rate on the program of preferential mortgages from 7% to 12%, Deputy Prime Minister Marat Khusnullin said yesterday. In order to support the volume of housing commissioning, the government proposed to keep the family (6% rate), Far Eastern (2%) and rural mortgage (3%) programs on the same terms. At […]

In the rating of 100 reliable banks according to Forbes, Sberbank took the first place for the second year in a row. VTB is on the second line. Also in the top 5 were Russian “subsidiaries” of foreign banks – Raiffeisenbank, Rosbank (Societe Generale Group and Unicredit. Last year the top-3 rating included Sber, Raiffeisenbank […]

“Nornickel” and UC Rusal have fixed metal prices for Russian consumers, and the Central Bank denies a hacker hack of its systems – these and other important news for the morning of Thursday, March 24, in our daily review. The international group Anonymous has claimed that the Russian Central Bank has been hacked. The hackers […]

Dubai’s main power and water company (DEWA) expects to raise up to $2.2 billion in an initial public offering, which would be the largest listing in the country since DP World’s IPO in 2007, Bloomberg writes. The Dubai Electricity and Water Authority plans to sell 6.5 percent of the shares, or 3.25 billion shares, at […]

Users complained about failures in the work of investment applications, in particular, Sberbank Investor, VTB My Investments and others, Interfax reports. According to the agency, Sber’s trading application stopped opening for most users, and VTB’s application does not allow making transactions with shares, explaining it by the transfer of assets to other brokers. The problems […]

On Wednesday, US stock indices fell due to the prospect of new Western sanctions against Russia and rising oil prices. US President Joe Biden headed to Brussels for a meeting with members of the G-7 and North Atlantic Treaty Organization on the situation in Ukraine. The White House and its allies are preparing to announce […]

According to a report released Wednesday by New York State Comptroller Thomas Di Napoli, investment bank employees on Wall Street received an average of $257 to $500 in bonuses last year, a record high, Business Insider writes. Overall, the increase in bonuses totaled 20% and surpassed the previous record high, which was set in 2020. […]

The United States, following the United Kingdom, has imposed sanctions against the head of Sberbank German Gref. This is reported on the website of the U.S. Ministry of Finance. The new sanctions list also includes 328 members of the State Duma, as well as the lower house of parliament itself and several dozen Russian defense […]