Barkin at the Fed: Expect demand pressures to begin to ease as rates rise
* Harker at the Fed: It will take time for the supply chain problems to
resolve. I hope U.S. inflation approaches 3% by the end of the year.
Joseph Branch
Gasoline prices drop in the U.S. amid plans for tax breaks
President Biden plans to repeal the federal gasoline tax, which should help
consumers cope with rising prices. A gallon of fuel has cost more than $5 in
recent weeks.
U.S. gasoline futures have already retreated from their highs by 13%. This is
the biggest series of losses since April.
Russian brokers will try to get clients' assets blocked at NSD out of sanctions, but chances are extremely low, - Frank RG
According to the sources, the imposition of sanctions against NSD will leave an
opportunity to obtain licenses to unblock assets.
At least Freedom Finance and Finam are planning to try to unblock their assets.
However the probability of a positive outcome remains low.
Assets of too many brokers' clients
Inflation in Britain broke a 40-year record - Reuters
In April it was 9%, and in May it already reached 9.1%. This is the highest
figure among the G7 countries.
Many investors agree that Britain is at risk of recession. The country has to
pay large sums for energy imports, as well as the possible costly consequences
of
Communications tariffs will not rise higher than inflation, - RBC
"Tariffs will not rise higher than CPI than inflation. This is fixed in our
joint decision with the Federal Antimonopoly Service," said Shadaev, the head of
the Ministry of Information.
The operators index the tariffs in order to invest money into development of the
networks, said Shadaev. Now,
Telegram launched a paid subscription - Forbes
Durov's team believes that the Telegram Premium subscription will usher in "an
era of reliable monetization," including the development of new features and
options, while maintaining free access to the app.
In Russia, a paid subscription is only available to iOS users for 449 rubles per
Shares of Chinese Internet giant NetEase plummeted 10.5% after postponing the release of the mobile game Diablo
This is the most significant drop in the company's quotations for the last 9
months.
The sale began after the company announced that it had postponed the launch of
its mobile game Diablo Immortal in China, which was previously scheduled for
June 23.
NetEase developed the game in
Jerome Powell: We believe further interest rate hikes are appropriate
We are changing rates quickly because we have the determination to ensure price
stability. Reducing inflation is very important. We are in the process of
significantly reducing the balance sheet.
Activity in the housing sector is softening and has changed in earnest since
January. Tighter financial conditions should reduce demand.
Full electrification of the car market is still a long way off
"Consumers dictate the pace of electrification in the car market," Toyota Motor
said in response to criticism that the company has been too slow in introducing
electric cars. Toyota says it is constantly analyzing the market and the needs
of its customers.
During its annual shareholder meeting, the
Tax authorities are interested in extending the regime for the self-employed to citizens of the CIS countries, - Vedomosti
The tax regime may be extended to citizens from CIS countries who live and work
in Russia. According to the estimates of the deputy head of the Federal Tax
Service, in 3-4 years the number of self-employed may reach the level of 10
million people (about 5 million are now