(Bloomberg) -- Russia has already lost access to almost half of its reserves and sees more risks to President Vladimir Putin’s war chest due to increased pressure from the West on China, said Finance Minister Anton Siluanov. “The total volume of our reserves is about $640 billion, and about 300 billion are in such condition that we can’t use them now,” he told state television in an interview on Sunday. “We see what pressure Western countries put on China” to limit access to reserves in yuan, he said. “But I think our partnership ties with China will let us not just preserve it but expand it.” The asset freeze on Russia’s central bank was imposed as part of a series of economic penalties to punish Moscow for the invasion of Ukraine, now into its third week. Russia’s own data published in January shows that $100 billion of the reserves were held in U.S. dollars as of June, which was 16.4% of total cash pile at that time. Holdings in euros were 32.2% and those in yuan at 13.1% at the end of June 2021.
$316--------> $98 Zoom Video. The very essence of a falling knife. Cathie has been buying the whole way down. Goldman Sachs’ CEO demanded all employees return full-time to the office. Only half showed up... Here is a new thought: Can the very high price of gas lead to more folks working from home again? Can Zoom benefit-?
Special shout out to Dr Dave who is stepping down after a hard slog.- This guy was a calming force in the Covid hysteria that overwhelmed out city. Props-
Was thinking the same a few weeks ago. And china has imposed new lockdowns on some major cities. While covid was a bit muted by the Russia Ukrain news, I doubt we heard the last from it.
Yeah they brought this up on some podcast the other day too. I think it's a reasonable assumption, and (don't bite my head off here)... I think some of Cathie's points are quite valid... for the long haul that is.
There you go Van--- I was about to give you a like and then I read it again-- THOSE ARE MY POINTS!!! CAthie is just buying. Geeze. UBS says Nike outlook will disappoint, cuts price target 07:57 NKE UBS analyst Jay Sole lowered the firm's price target on Nike to $173 from $192 and keeps a Buy rating on the shares ahead of the company's fiscal Q3 results. The analyst thinks Nike's Q4 guidance and its initial fiscal 2023 outlook, "if it offers one, will disappoint the market." His channel checks suggest Nike's China business is not recovering as fast as the market expected. In addition, the market underestimates how much supply chain challenges, temporary store closures in Russia, higher oil prices, and a rising U.S. dollar will pressure Nike's earnings outlook, Sole tells investors in a research note. The analyst's fiscal 2023 earnings per share forecast is now $4.30 versus the Street's $4.78 view.
Look at us just on Page 9! LESS IS MORE-! STOCK OF THE DAY- UBER - $30 JPMorgan reiterates $65 target on Uber after management meetings 07:37 UBER Folks I am on record and have an actual wager with someone that Uber will hit $60 in 2022.