During the week of May 23-27, the most popular financial instruments (according to Investing.com Russia) were the following: USD/RUB, Bitcoin, Brent Oil, EUR/RUB and Gazprom.

As for news, the most interesting for the week were the following: McDonald’s CEO in Russia denied rumors about a new name for the chain; Gazprom recommended paying record dividends for 2021; Musk’s fortune dropped to $193 billion due to the Tesla collapse; The stock market in the U.S. is close to capitulation; The Central Bank recommended brokers not to sue inexperienced investors.

The media reported that a new name has been developed for the McDonald’s restaurant chain in Russia. Two Latin letters – Ms – will be used as a signboard, while M may remain branded. Later the general director of the chain denied these rumors.

Gazprom’s Board of Directors recommended the shareholders’ meeting to pay record dividends for 2021 in the amount of 52.53 rubles per share. The total amount of dividend payments will amount to 1 trillion 243.570 billion rubles.

Tesla CEO Ilon Musk’s fortune fell 5.4% to $193 billion on Tuesday, as Tesla’s own shares fell 7%. Musk’s fortune no longer exceeds $200 billion, but he is still $65 billion richer than Jeff Bezos.

Many traders and investors were speculating last week about a potential market bottom, or at least a meaningful rally that may be just around the corner, as the benchmark S&P 500 Index climbed from an oversold condition below 3900 points to nearly 4100 points in just 4 days.

The Central Bank recommended that brokers “individually deal with unqualified investors” who had incurred debts to them due to leveraged transactions amid “increased market volatility” in February-March.