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US companies to buy back stocks worth $209 billion

US companies to buy back stocks worth $209 billion

According to MarketWatch with reference to the report from research firm EPFR, in April 2021, several US corporations announced stock repurchases worth $209 billion. Analysts suppose that this reading is the second largest after the Trump administration’s tax overhaul.In June 2018, after the tax reform conducted by then-President Donald Trump, stock repurchases totaled $218 billion.
14:24 2021-05-14 UTC+00
Swedes use bank cards more often than other Europeans

Swedes use bank cards more often than other Europeans

While some people prefer using cash money, the Swedes have almost switched to bank cards. Citizens of Sweden use bank cards much more often than citizens of other European countries.The survey unveiled that 76% of the population in Sweden prefer paying by means of bank cards. In Finland and Norway, the share of people who use cashless payment is 70% and 67% respectively.
14:21 2021-05-14 UTC+00
Fuel prices spike after Colonial Pipeline ransomware attack

Fuel prices spike after Colonial Pipeline ransomware attack

According to reliable sources, including CNN, Bloomberg, and The Washington Post, a ransomware attack was launched on Colonial Pipeline's computer systems. DarkSide is believed to be responsible for compromising the company's networks.The hacker group is suspected of having ties to Russia, a former senior US cybersecurity official said.
14:14 2021-05-14 UTC+00
Janet Yellen recommends avoiding higher interest rates

Janet Yellen recommends avoiding higher interest rates

The US Treasury Department doubts the necessity to increase the key interest rate. Treasury Secretary Janet Yellen supposes that there are no reasons for higher interest rates at the moment.“I don’t think there’s going to be an inflationary problem, but if there is, the Fed can be counted on to address it,” Ms. Yellen said at The Wall Street Journal’s CEO Council Summit.
13:33 2021-05-14 UTC+00
Germany assesses Nord Stream 2 construction risks

Germany assesses Nord Stream 2 construction risks

It seems that the Nord Stream 2 saga will never end. The project that has been in the pre-launch state for several years is in jeopardy again. This time, Germany’s ecologists are standing in the way of the gas pipeline. The NABU environmental association decided to suspend the construction of Nord Stream 2 by turning to the court. Until there is a court ruling, construction works will go on.
13:31 2021-05-14 UTC+00
Sotheby's to accept cryptocurrency for Banksy's artworks

Sotheby's to accept cryptocurrency for Banksy's artworks

Cryptocurrencies are gradually being accepted as a means of payment. Tesla has recently started accepting payments in bitcoin. Now Sotheby's, the world's largest auction house, has announced it will sell artworks for cryptocurrency.
07:54 2021-05-14 UTC+00
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