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Bye, Amazon: analyst firm Wedbush removes the company's stock from its list of top ideas

Bye, Amazon: analyst firm Wedbush removes the company's stock from its list of top ideas

Last week, the company reported worse than analysts expected, causing the stock to fall 14%. Amazon is struggling because of supply chain disruptions as well as rising wages around the world. According to analysts, the company's best years are behind it. The past decade has been an ideal

EU informed Apple of its "preliminary opinion" that the company abused its dominant position in mobile wallet markets

EU informed Apple of its "preliminary opinion" that the company abused its dominant position in mobile wallet markets

Apple has restricted competition by reducing access to standard contactless payment technology, the EU said. We previously reported that the EU is threatening the tech giant with a fine of 10% of global turnover if it considers the claims against the company confirmed.

The terrible heat in India.

The terrible heat in India.

There is a terrible heat wave in India, above 40 degrees. This is bad for agriculture and wheat. Risks to the sugar, rice and grain markets are rising.

Saxo Bank denied news about restriction of Russians to NASDAQ exchange

Saxo Bank denied news about restriction of Russians to NASDAQ exchange

NASDAQ exchange for clients in Russia will not be closed, but the current market data from NASDAQ Nordic will be restricted for Russian citizens. Subscriptions to NASDAQ TotalView and Last Sale data will also not be available.

China aims to overtake U.S. GDP growth rate

China aims to overtake U.S. GDP growth rate

Chinese President Xi Jinping told officials that the country's economic growth should surpass that of the United States this year, even despite the worst COVID-19 outbreak since the pandemic began. At the meetings, Xi said that ensuring stability and economic growth is very important, it is necessary to

Apollo to buy $1.6 billion in Carvana bonds

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.

Elon Musk bets on new batteries for Tesla

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

Some Twitter users didn't like the news of the takeover

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

Boeing - stock price plummeted to 2020 levels

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

Soybean exports from Brazil, the world's leading supplier, are becoming very expensive

Soybean exports from Brazil, the world's leading supplier, are becoming very expensive

Higher diesel prices and deteriorating road conditions have led to higher freight rates. Nevertheless, higher soybean prices could significantly boost Brazil's export earnings. Corn could also bring more profits to exporters in Brazil. Demand is expected to increase sharply in the coming months amid declining supplies from the