London Stock Exchange, PayPal, U.K. add more financial pain for Russia
Companies, governments and markets are taking more actions to distance themselves from Russian companies in response to Russia's invasion of Ukraine. The London Stock Exchange (OTCPK:LDNXF) (OTCPK:LNS
Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro's Management on Full Year 2021 Results -- Earnings Call Transcript >RSHYY
From Seeking Alpha: Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro's Management on Full Year 2021 Results -- Earnings Call Transcript
The number of first-time jobless claims in the US fell for the third week in a row
The number of first-time jobless claims in the US fell for the third week in a row, adding further signs of a recovery in the labor market. According to data released by the Labor Department on Thursday, the number of people claiming unemployment benefits for the first time in the week ending August 7 was 375,000, in line with the median estimate of economists surveyed by Bloomberg, a decrease of 12,000 from the previous week. The number of people who continued to apply for unemployment benefits fell to 2.9 million for the week ending July 31. As economic activity picked up, business conditions improved, and a record number of job vacancies, the number of people claiming unemployment benefits for the first time since this year was generally on a downward trend. Although the decline is expected to continue in the coming months, Delta (
Us PPI rose faster than expected in July and recorded the biggest year-on-year increase since 2010
Us producer prices rose more than expected in July, suggesting rising commodity costs and supply bottlenecks are still adding to corporate inflationary pressures. Data released by the labour department on Thursday showed that the final demand producer price index (PPI) rose 1 per cent in July from a month earlier, 7.8 per cent from a year earlier, the largest year-on-year increase since records began in 2010, while core PPI, which excludes food and energy, rose 1 per cent month-on-month and 6.2 per cent from a year earlier. The median forecast of economists surveyed by Bloomberg shows that the overall PPI is up 0.6% from the previous month, and the core PPI is up 0.5% from the previous month. In the face of strong demand, limited supply chain and short raw materials
Amazon shares continue to hit record highs and their market capitalization increases by more than $100 billion in two days.
Amazon shares rose about 3.6% at midday on Tuesday, reaching as high as $3645, continuing their all-time highs; the stock was up 2.3% in the previous session. The two-day rise in the share price means Amazon's market capitalization has increased by about $102.86 billion since last Thursday and now stands at $1.83 trillion. Based on the 504.32 million shares outstanding as of April 21, the e-commerce giant's shares would have to rise another $328.82, or 9.04%, to join the $2 trillion club of Microsoft and apple. Amazon shares have risen by 1% in the past three months.
Russian Ministry of Finance: Russian wealth funds cut dollar holdings to zero
Russian Ministry of Finance: Russian wealth funds cut dollar holdings to zero. The foreign exchange required to withdraw the US dollar from the National Wealth Fund has been completed. As of July 1, the size of Russia's national wealth fund was 187.6 billion US dollars, accounting for 11.7% of Russia's 2021 GDP forecast.
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