Finance
Apollo to buy $1.6 billion in Carvana bonds
Apollo has decided to invest $1.5 billion to support online retailer Carvana. That's nearly half of the company's latest bond issue. Trading in the stock was briefly suspended due to volatility.
Finance
Finance
Elon Musk bets on new batteries for Tesla
More than half of the Tesla electric cars produced in the first quarter were equipped with lithium-iron-phosphate (LFP) batteries. In production, the new "batteries" are a cheaper counterpart to the lithium-nickel-cobalt version. The popularity of iron in battery production is growing amid problems with nickel supplies, exacerbated by
Finance
Some Twitter users didn't like the news of the takeover
Hundreds of thousands of Twitter users (0.03% of the total number of active users) deactivated their accounts. This happened after the announcement of the takeover of the social network by Ilon Musk. This was reported by the company. According to Social Blade, the total number of users on Twitter
Manufactures
Boeing - stock price plummeted to 2020 levels
The company reported a much worse than analysts expected, posting a net loss of more than $2 per share. "It's only gotten worse. what we think will really worry investors is that we keep getting MORE bad news," wrote Vertical Research Partners analyst Rob Stallard. Boeing
Europe
Recession is coming, the ECB will not be able to normalize policy, and the euro will continue to fall - Robert Brooks, chief economist at the IIF
Brooks justifies his opinion with the fall of consumer confidence index in Germany below pandemic levels.
Europe
Renault will transfer its stake in Avtoframos to NAMI, said Denis Manturov, head of the Ministry of Industry and Trade
A stake in Avtoframos plant in Moscow will be handed over to Moscow authorities. It will be a "deal for a ruble" with the option to buy back shares within 5-6 years, said Manturov. Manturov: If Moscow plant of Renault is transferred to Moscow it will not be
Finance
PepsiCo suffers $500 million loss because of Ukraine crisis
The price of the geopolitical situation around Russia and Ukraine for foreign producers continues to rise. PepsiCo reported on problems with production in the region on Tuesday. Back in March, the company said it was ready to cut gross sales of products such as Pepsi and 7Up in Russia. But
Europe
Italy considers temporary nationalization of Lukoil's refinery in Sicily
Earlier, representatives of Russia said that nationalization of Russian companies would entail a mirror response.
Finance
Tesla Shares Shocked: Quotes Fall 10%
Investors are pondering how Musk will pay for his Twitter purchases. According to Bloomberg, Musk has only $2 billion in cash. Market participants assume that Musk will have to sell Tesla stock.
Finance
Britain's shrinking real incomes are beginning to affect the purchasing power of much of the country
43% of those who pay their energy bills say they will face problems because of rising costs. The same proportion said they won't be able to make savings over the next year as a result of the jump in bills. Nearly a quarter of adults, 23%, said they
Finance
Twitter's deal with Musk is good for shareholders, Republican Jim Jordan
The Republican position is justified: as Bloomberg reports, Musk's purchase of Twitter will open the door to unblocking former U.S. President Donald Trump's Twitter. In the run-up to the congressional elections, this could be very relevant.
Finance
The oil swing continues: WTI loses about 5%
Oil is falling amid a possible reduction in demand from China due to covid restrictions. Also, the quotations are affected by the general macroeconomic negativity, which may lead to a reduction in demand for oil. Also today it became known that the UAE sent the first tanker to Europe for