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World News

A collection of 792 issues

JPMorgan predicts the impoverishment of Americans at $5 trillion - Bloomberg

The drop in wealth since the beginning of 2022, according to JPMorgan Chase & Co. estimates, will be at least $5 trillion - and could reach $9 trillion by the end of the year. Rising home prices and high mortgage rates are reducing the wealth of U.S. citizens. Falling

Citigroup removes Amazon from "best of" list - CNBC

* In early May, the Wedbush analytical agency also removed Amazon stock from its "best ideas" list. The latest report and the company's weak forecasts amid restrictions in China and the Ukrainian crisis led to a loss of more than 1/3 of the share price from

Elon Musk said that the attacks on him his deal with Twitter should be viewed only through a political prism

The Tesla CEO added that nothing would keep him from fighting for freedom of speech. In response to a comment under his Twitter post from PisDavid Mitchell Jr. about state politicians dreaming of the collapse of Tesla, SpaceX and Dogecoin, Musk wrote: "True (sigh).

Elon Musk called the Democrat party the "divisive and hateful" party

He also said that he would vote for Republicans in the next election and announced a political campaign against himself. Earlier, another famous billionaire, Jeff Bezos, criticized the Democrats. He accused the Democrats of a record rise in inflation because of the reckless increase of the national debt and the

Google subsidiary in Russia intends to initiate its own bankruptcy

Google LLC, Google's Russian subsidiary intends to apply to arbitration court to declare its own bankruptcy, according to a notice posted by the company on the Fed. Also, in March-April 2022, 62,341 bankruptcy cases were registered in the files of arbitration cases in Russia - 10,000

U.S. and partners plan to share information secretly from Russia and China

The United States, Japan, Canada, South Korea, Taiwan, the Philippines and Singapore have agreed to create a collective system of data exchange, including personal information, keeping it secret from China and Russia. It is intended to replace the relevant structures of the Asia-Pacific Economic Cooperation forum, which includes China and

Samsung is negotiating a 20% price increase for chip production

Samsung and Taiwan Semiconductor Manufacturing Co. account for more than two-thirds of the world's outsourced chip production capacity. Recall that Taiwan Semiconductor also raised prices for its products twice in the last year.

Tesla recalls 130 thousand cars in the USA

Ilon Musk's company once again recalls a large batch of its electric cars. This time, the reason is a malfunction in the touch screen display. The problem with the processor can interfere with the display of images from rear-view cameras. The recall applies to the Tesla S and

Gasoline rises again in the U.S.

The price of gasoline in the U.S. has jumped to near record levels again. The retail price reached $4,328 per gallon on Sunday. Currently, the all-time high set in early March is $4.331 per gallon. The Ukrainian crisis has significantly reduced the supply of diesel fuel to

AmRest Holding failed to sell KFC and Pizza Hut in Russia

Polish owner of fast food restaurants could not sell its Russian business in favor of VTB Capital. Under the management of AmRest in Russia there are 267 establishments. The deal was discussed even before the start of the special operation in Ukraine. The sale was disrupted by sanctions against VTB.