Joseph Branch

Joseph Branch

Life on the coast is losing popularity: Migration from California accelerated because of the COVID-19 pandemic

Long-term migration from California accelerated during the Covid-19 crisis, according to a study by the Federal Reserve Bank of Chicago. The main destinations are Texas, Washington and Florida. Migration is occurring in sync with the relocation of the headquarters of major companies. For example, Tesla Inc. and Oracle Corp. have

Vitol withdraws from Vostok Oil project, - Interfax

* According to Bloomberg, the oil trader entered into an agreement to sell its stake in the project. All that was needed to close the deal was to settle the legal formalities. Vitol owned 5 percent of Vostok Oil, which was worth 3.5 billion euros in October 2021.

Shares of U.S. energy companies rise thanks to oil prices

Last month was not very productive for the energy sector. Shares were declining amid falling oil demand in China, as well as growing recession risks. The last serious drop in oil prices led to even more losses of the sector. Today, however, oil and gas stocks are rising in sync.

State Duma passed a law expressly prohibiting payment for goods and services in Russia by digital financial assets

Digital financial assets ≠ cryptocurrency. CFA and digital currencies have in common that they are based on blockchain, a decentralized database stored on several computers that are connected to each other over the Internet. DFAs include digital rights, which include: claims of money; participation in the capital of non-public joint stock

It will be possible to sell a car through "State Service" - TASS

Transactions for the purchase and sale of cars can be made on the portal "Gosusluzhba". Such an agreement will be legally secured and will have confirmation from the Ministry of Finance. It was noted that the purchase and sale will be available only to individuals and only in

Eggs named as one of the causes of inflation in Turkey - Bloomberg

Rising food prices are a key factor in the underlying inflation in Turkey, which in June approached the annual rate of 80%. Antimonopoly agencies have already imposed a number of fines on chain stores, and now egg producers are under attack for doubling their prices. Turkish egg producers say they

KFC - point: Yum! Brands is negotiating the sale - RIA

* Yum! Brands (brands of KFC and Pizza Hut) said it was in talks to sell the Russian restaurants KFC local operator, after which it will completely leave Russia

German bankers are preparing for default due to "Russian gas threat" - Bloomberg

According to several senior bankers, German banks will be forced to set aside additional funds to cover a potential spike in defaults if the country is cut off from Russian gas. Lenders are particularly worried about planned maintenance work on Nord Stream. They believe there are risks of a subsequent

China's BYD overtakes Tesla in electric car sales - Cailian

Now BYD is the world leader in the electric car market. According to the agency, BYD sold more than 641 thousand electric cars in the first 6 months of the year (+315% compared to the same period in 2021), Tesla sold more than 564 thousand electric cars.

Corn saves U.S. from food inflation

According to an updated report from the U.S. Department of Agriculture, the agriculture sector is expected to plant nearly 90 million acres this year. That's only slightly higher than the March estimate. The soybean crop forecast, in turn, fell 3% to 88.3 million acres. Corn futures