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☆ Jim Cramer: August and September served as a correction for some of the summer's excesses
▼ + stars: | 2023-10-13 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer: August and September served as a correction for some of the summer's excesses'Mad Money' host Jim Cramer takes a look at where the markets are compared to a year ago.

Persons: Jim Cramer

☆ Biles grateful for support during 'mental health journey'
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +2 min

Her withdrawal to focus on her mental health was one of the biggest stories of those Games. At the Artistic Gymnastics World Championships that finished on Sunday in Belgium, she won five medals - four golds and a silver. "I would like to extend my heartfelt gratitude to fans, friends, family & partnerships who have been unwavering pillars of support throughout my mental health journey," Biles wrote in a social media post. She added: "World Championships was an absolute dream & I still can't believe it." Biles, 26, is a four-time Olympic and 23-time world championships gold medallist who has looked as dominant as ever since returning to the sport.

Persons: Simone Biles, Yves Herman, Biles, Rory Carroll, Sonali Paul Organizations: Tokyo, U.S, Gymnastics, Olympic, Thomson Locations: Antwerp, Belgium, San Jose, Los Angeles

☆ I missed Beyoncé’s European tour, so I flew 4,600 miles to New Orleans to see her in concert — by myself
▼ + stars: | 2023-10-11 | by ( Lucy Handley | ) www.cnbc.com time to read: +10 min

Afterward, I listened to "Summer Renaissance," Beyoncé's reworking of one of my favorite songs, Donna Summer's 1977 disco hit "I Feel Love," on repeat. Beyoncé's daughter, Blue Ivy, dances, as her mother sings behind her on the London, U.K. leg of the Renaissance World Tour in May 2023. Virgin Hotels New Orleans, where I stayed, is only a half-mile from the Superdome stadium, and was well-prepared to host the many concertgoers who stayed there. Members of Beyoncé's Renaissance World Tour band perform at jazz club Snug Harbor in New Orleans, led by saxophonist Kat Rodriguez (second from right). Caesars Superdome stadium in New Orleans is illuminated by thousands of lights attached to audience members' wristbands during Beyoncé's Renaissance World Tour.

Persons: Beyoncé, Kevin Mazur, WireImage, Alexander McQueen, Roksanda, Roksanda Ilincic, Annie Macmanus, Donna Summer's, Blue Ivy, Beyoncé I've, I've, Redmond —, Honey Dijon, Laveau Contraire, Kat Rodriguez, Lucy Handley, Crystal Torres, Tayler Green, Danny Laurino, John Coletti, Hurricane Katrina, Willa Jean, diamante Organizations: Tottenham Hotspur, Tottenham Hotspur Stadium, Parkwood, London, Caesar's, British Airways, Southbank, Virgin Hotels, Preservation Hall, Bank, Getty, Garden, Uptown, Plantations, New, New Orleans police, Vue Orleans, Caesars Locations: London —, Instagram, London, U.K, British, Amsterdam, New Orleans , Louisiana, YOLO, New Orleans, Orleans, Virgin Hotels New Orleans, Bey, Preservation Hall , New Orleans, Snug, Faubourg Marigny, U.S, Mississippi, Louisiana, Beyoncé's

However, the fall Prime event might have better prices for home goods. In fact, the best prices happened on days that were not key shopping event days. Regardless, the July Prime event offered a deeper discount to shoppers when compared to last year's October Prime sale and Super Saturday. The product did go on sale during last October's Prime member event and this past July's Prime sale, but the discounts were not as deep. Downloads of Amazon's shopping app have declined steadily during each subsequent Prime member shopping event since Amazon's Prime Days in July 2021, according to data intelligence platform Apptopia, which tracks mobile app usage for brands like Amazon.

Persons: Tom Williams, Nick Handrinos, Julie Ramhold, it's, Ramhold, iRobot's, Keurig, AF101, fryer, The Bissell Organizations: Washington , D.C, Cq, Inc, Getty, Adobe, Amazon Prime, Gallup, Finance, Deloitte, CNBC, Electronics, Deal, CoreSight Research, NBC, Scout, Amazon, Sony, Black, Health, Revlon, Philips, July's Locations: Washington ,, Research's U.S

The sales event, which is much like summer's Amazon Prime Day, is going on now through October 11. You an stock up on Halloween candy with an excellent deal on SweeTarts assortment of flavors, including Lemonhead and Now and Later. For the latest and best Prime Day deals in all departments, visit our liveblog. The best Halloween costume dealsThe best Halloween decoration dealsThe best Halloween candy dealsHow to decorate for HalloweenWhile the hardcore Halloween decorators have had their homes decked out since Labor Day, there's still plenty of time to spookify your dwelling for trick-or-treaters. This is where Amazon's Prime Day deals are helpful.

Persons: there's, Tim Robinson Organizations: Labor, Netflix

"The Exorcist: Believer" possessed the box office during its opening weekend, but industry experts wonder if it will continue to turn heads in the weeks to come. Still, on a production budget of just $30 million, "The Exorcist: Believer" could prove profitable if it continues to lure moviegoers in the coming weeks. "The Exorcist: Believer" fled from its original release date (Oct. 13) because Swift announced her Eras Tour concert film would arrive in cinemas that day. The film quickly snared the coveted, higher priced, premium format screens, leaving little room for "The Exorcist: Believer" to eke out a solid opening. The potential same-day opening was almost immediately shut down when "The Exorcist: Believer" moved its release date up a week.

Persons: There's, Taylor Swift, Swift, Paul Dergarabedian, Comscore ., Oppenheimer, Jason Blum Organizations: Comscore, Universal

☆ Critical Florida coral ravaged by summer's marine heat wave
▼ + stars: | 2023-10-08 | by ( Eric Zerkel | Cnn Meteorologist Derek Van Dam | ) edition.cnn.com time to read: +7 min

CNN —This summer’s record-breaking marine heat wave may have been the “nail in the coffin” for an iconic species of coral that serves as a building block of marine life around Florida. They were also the first coral species to gain protected status under the Endangered Species Act, Jennifer Moore, a threatened coral expert for NOAA told CNN. Staghorn coral may have faired slightly better than elkhorn this summer, Williamson said, but still faces similar long term challenges. Scientists fear this summer's ocean heat was the "nail in the coffin" for elkhorn and staghorn species. “We are definitely looking at a major mortality event, we just won’t know the extent of it for a couple more months,” Moore told CNN.

Persons: ”, Liv Williamson, ” Williamson, Jennifer Moore, Moore, Williamson, ” Moore, Liv, ‘, “ Organizations: CNN, University of Miami, NOAA Locations: Florida, Elkhorn, elkhorn, Caribbean, “, Key Largo

The retiring star was honored by club team OL Reign on Friday night in front of a National Women's Soccer League record crowd of 34,130 fans, many of whom wore pink wigs in her honor. Rapinoe had already played her final match with the U.S. national team last month in Chicago, but Friday marked her final regular-season home game for the Reign. The 38-year-old Rapinoe has played in 114 regular-season games for the Reign and scored 49 goals. “And she's really embraced her role with her full authentic self.”Rapinoe is also known for her social justice activism. She led the national team's long fight for equal pay with the men’s national team, which started with an EEOC complaint in 2016.

Persons: Megan Rapinoe, “, ”, Sue Bird, Rapinoe, Lumen, Lauren Barnes, Abby Wambach, Ken Griffey Jr, Magic Johnson, Billie Jean King, isn't, —, Ballon, Jessica Berman, ” Berman, Colin Kaepernick Organizations: SEATTLE, Women's Soccer League, Washington, U.S ., Chicago Red Stars, Orlando Pride, FIFA, men’s, U.S, Soccer, NFL Locations: Chicago, Australia, New Zealand, France, Netherlands, U.S

☆ U2 can't play every night: The Las Vegas Sphere will be a success only if it can sell pricey tickets for everyday events, expert says
▼ + stars: | 2023-10-03 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

But how big will the ball be when it comes to its success and the impact on Las Vegas tourism? "If they can sell tickets for $100 during the day in Las Vegas, it could be a big success. The Las Vegas Sphere dressed as a jack-o'-lantern. Tickets for The Sphere Experience start at $90 each and go up to $250 for the best seats. For The Sphere Experience, there are three shows on most Mondays, Tuesdays, and Thursdays, with four on Sundays.

Persons: Darren Aronofsky, —, Charles Bobrinskoy, Ariel Investments —, John Rogers, Bobrinskoy, Kevin Mazur, Taylor Swift Organizations: Las Vegas, Service, of, Ariel, Anadolu Agency, Getty, Bloomberg, Costco Locations: Las, Las Vegas

☆ Morgan Stanley: Buy these 26 top dividend stocks to earn income and outperform during a market pullback – including one with 85% upside
▼ + stars: | 2023-10-01 | by ( Mark Reeth | ) www.businessinsider.com time to read: +4 min

As volatility continues to punish the stock market, investors are forced to sit and watch their gains vanish. But there is one way for equity investors to stem the bleeding: dividend stocks. "Our economists are of the view that inflation will continue to slow from elevated levels over the next 12 months," Wilson wrote. "That backdrop is supportive of owning dividend-related factors and defensive dividend payers, in particular." Morgan Stanley26 best dividend stocks for big returnsAs this month's market downturn takes its toll on your portfolio, it may be time to turn to dividend stocks to prop up your profits.

Persons: Morgan Stanley, Mike Wilson, Wilson, outperformance, Morgan Locations: outperformance

☆ Goldman Sachs: Buy these 22 stocks that will continue to outperform as higher interest rates worsen the September selloff
▼ + stars: | 2023-09-26 | by ( James Faris | ) www.businessinsider.com time to read: +1 min

Stocks have slipped in September as interest rates, bond yields, and oil prices increase. The Federal Reserve plans to keep interest rates high to stop persistent inflation. Here are 22 stocks that Goldman Sachs believes are well-positioned to benefit from elevated rates. There are several serious threats to US stocks right now, including high interest rates, as well as rising bond yields and oil prices. Each was addressed in a September 22 note from David Kostin, the chief US equity strategist at Goldman Sachs.

Persons: Goldman Sachs, David Keller, David Kostin Organizations: Federal Reserve

Like, what if this doesn't end and this is how it's going to be?”Maxwell blames climate change, and she's not alone. And about 65% say climate change will have or already has had a major impact in their lifetime. About 9 in 10 Democrats say climate change is happening, with nearly all of the remaining Democrats being unsure about whether climate change is happening (5%), rather than outright rejecting it. Republicans are split: 49% say climate change is happening, but 26% say it’s not and an additional 25% are unsure. Overall, 74% of Americans say climate change is happening, largely unchanged from April.

Persons: Kathleen Maxwell, “ It's, ”, Maxwell, “, ” Maxwell, she's, they've, they’ve, Anthony Leiserowitz, Bruce Alvord, doesn't, Alvord, Republican Ronald Livingston, he's, ” Livingston, Jeremiah Bohr, Bohr Organizations: Associated Press, NORC, for Public Affairs Research, Northern, World Meteorological Organization, Yale, Republican, Chrysler, Republicans, University of Wisconsin, Phoenix, AP Locations: Phoenix, United States, U.S, —, Hagerstown , Maryland, Clute , Texas, Oshkosh

Whether she was advocating for equal pay and racial justice or just scoring a rare goal off a corner kick, Megan Rapinoe was always unabashedly authentic during her soccer career. Rapinoe sobbed following the U.S. loss to Sweden at this summer's Women's World Cup, knowing it would be her final tournament with the national team. "I’ve just loved every moment of my career,” she said through tears at the World Cup last month in Australia. At the 2019 World Cup in France, Rapinoe scored six goals, including a penalty in the final against the Netherlands. Rapinoe led her team's long fight for equal pay with their men's national team, which started with an EEOC complaint back in 2016.

Persons: Megan Rapinoe, Rapinoe, I’ve, ”, “ I’ll, Kelley O'Hara, There's, Christine Sinclair, “ I’ve, We’re, she’s, ” Sinclair, She’s, Ballon, Megan, Lynn Williams, Donald Trump’s, “ She’s, Jill Ellis, Colin Kaepernick, —, ” Rapinoe Organizations: Portland, Chicago's, Rapinoe, University of Portland, Pilots, Portland Pilots, FIFA, Ballon d'Or, national, U.S, Soccer, House, San Francisco 49ers, Sweden, soccer's Locations: Sweden, Australia, U.S, United States, South Africa, Seattle, Portland, Canada, France, Netherlands, New York City

☆ Arizona heat almost killed Lois Nigrin. Her coma, burns, and medical bills show the dangers of heat that many Americans face today.
▼ + stars: | 2023-09-21 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +12 min

AdvertisementAdvertisement"I don't think I had a true understanding of what heatstroke was," Lois Nigrin told Insider. Lois Nigrin was feeling tired and didn't want to climb the rocks, so they turned around. Lois Nigrin has no memory of that interaction, even when she looks at the photo. At one point, Lois Nigrin said, they asked her to draw a clock showing the time 3 o'clock. "Probably the best thing that I ever felt was that airplane landing and being back home," Joe Nigrin said.

Persons: Lois Nigrin, Joe, heatstroke, She's, Lois, Yoon, Joe Nigrin, Kevin Foster, Lois Nigrin's, Lois Lois Nigrin didn't, she'd, It's, couldn't, Lois Lois Nigrin's, she's Organizations: Arizona Burn, Arizona Burn Center, NASA, Center for American Progress Locations: Arizona, Nebraska, Phoenix, New Mexico

☆ It's going to be way harder to be a tourist in NYC
▼ + stars: | 2023-09-18 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

New York City is getting serious about its laws on rentals and hotels. Tourists might have a hard time finding a place to stay in New York City. "We could see fewer budget travelers but more tourists willing to spend on regulated high-quality accommodations," he said. AdvertisementAdvertisementThe Airbnb law especially is a big change. Still, New York City will always draw tourists.

Persons: aren't, Steve Turk, Turk, you'll, Razonie Napier, he'd, Napier, That's Organizations: Service, Wired, Apple, Turk Hospitality, Special Enforcement, New Yorker Locations: York City, New York City, Wall, Silicon, New York, York, New, Lower, Coney Island , Brooklyn, , New York City, Omaha

What is the Prime Big Deal Days event? Despite 'Prime Day 2' being right there, Amazon has this time gone for 'Prime Big Deal Days,' but it is, for all intents and purposes, a second bite at Prime Day. We're already looking at what deals are available today on our Prime Day pets deals and Prime Day headphone deals guides. If you want a peek into what deals we saw in some other categories during the Prime Day event in July (fingers crossed they make a comeback), check out what we found for Prime Day gaming deals, Prime Day beauty deals, and Prime Day furniture deals. Amazon Prime 30-Day Free Trial New and eligible returning members can try Prime for 30 days, free.

Persons: We'll, they're, you'll Organizations: Amazon, Deal, Summer's, Prime, Echo, Amazon Prime, Apple Music, Walmart Locations: Canada, Australia

☆ After Birkenstock's 'Barbie' bump, iconic footwear brand seeks a big part in IPO market
▼ + stars: | 2023-09-13 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +10 min

Footwear companies have found recent success going public market, but not all by any means over the longer-term. In more recent history, the brand has collaborated with Rick Owens, Dior, and Manolo Blahnik, among many other big names in fashion. The current IPO market landscape The IPO market has been all but frozen since the pandemic stock offering boom crashed, and successful IPOs have included iconic brands, such as the Johnson & Johnson spinoff of its consumer health business which includes Tylenol and band-Aids in the Kenvue IPO. Still, while Kenvue was the biggest deal of the year, it's barely holding onto its IPO price today, according to CNBC and Renaissance Capital data, and the IPO market overall hasn't performed great after listing. The two potential paths of a footwear IPO can be tracked by the histories of Crocs and Allbirds.

Persons: Nordstrom, Jeff Greenberg, what's, Johann Adam Birkenstock, Birkenstock, Angelo Bochanis, Oliver Reichert, outsized, Reichert, Konrad Birkenstock, Johann, Karl, Konrad, Margo Fraser, Kim Knott, Kate Moss, Corinne Day, Rick Owens, Dior, Manolo Blahnik, Jeremy Moeller, Barbie, Margot Robbie, Johnson, Kenvue, it's, hasn't, Mark Cohen, Cohen, Jamie Dimon, Dimon, Bochanis, " Cohen Organizations: Universal, Getty, New York Stock Exchange, Nasdaq, Holding, Renaissance, Consumers, British Elle, Brand, CNBC, Columbia Business School, Facebook, Wall, JPMorgan, Company Locations: Merrick, , Miami, Germany, America, California, British, Arizona, It's, U.S

The surprise deal, which would join the venerable PGA Tour and a rival Saudi-funded golf start-up, LIV, was announced in June. The Saudi sovereign wealth fund, called the Public Investment Fund, or PIF, is controlled by the Saudi government. The Saudi Embassy did not immediately respond to a request for comment on the subpoena, which names the Public Investment Fund's New York-based U.S. subsidiary, USSA International. This summer's announcement of the PGA-Saudi golf deal ended a legal battle between the two rivals. Blumenthal said available public records indicate the Saudi sovereign wealth fund has expanded its investments in the United States from $2 billion in 2018 to $35 billion now.

Persons: Sen, Richard Blumenthal's, al, LIV, ” Blumenthal, Blumenthal, “, ”, Crown Prince Mohammed bin Salman Organizations: WASHINGTON, Saudi, PGA, Connecticut, Senate, PGA Tour, Public Investment Fund, Public Investment, United, Saudi Embassy, USSA, Crown Locations: United States, Saudi, York, San Francisco, Saudi Arabia

☆ Apple moved from a top-line growth story to a margins story, says Fenway Summer's Javier Saade
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple moved from a top-line growth story to a margins story, says Fenway Summer's Javier SaadeJavier Saade, Fenway Summer Partner and Wamsi Mohan, Bank of America Securities Sr. Analyst, join 'Closing Bell Overtime' to talk Apple's iPhone 15 reveal.

Persons: Fenway, Javier Saade Javier Saade, Wamsi Mohan Organizations: Email Apple, Fenway, Bank of America Securities

☆ Gas markets are becoming 'extremely difficult' to predict. It's a big problem for Europe this winter
▼ + stars: | 2023-09-12 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Aerial view of the LNG storage and vaporization vessel "Höegh Esperanza" at the Wilhelmshaven LNG terminal. European gas markets have been constantly fluctuating in recent months, owing to extreme heat, maintenance at gas plants and, most recently, industrial action at major liquefied natural gas (LNG) facilities in Australia. "Gas markets are becoming riskier — gas and LNG prices are increasingly volatile and greatly affected by global factors," Jaller-Makarewicz said. The EU reached its target of filling gas storage facilities to a 90% capacity roughly 2 1/2 months ahead of its Nov. 1 deadline. It means that we've got a pretty good buffer," Malek said, referring to Europe's filling of its gas storage facilities.

Persons: Ana Maria Jaller, seesaw, Makarewicz, Christyan Malek, Malek, CNBC's, we've, Filippo Monteforte Organizations: Getty Images Energy, Workers, LNG, Makarewicz Energy, Institute for Energy Economics, Gas, EU, Gas Infrastructure, International Energy Agency, European Union, Eurasia Group, JPMorgan, Afp, Getty Locations: Wilhelmshaven, Australia, Western Australia, Japan, China, South Korea, Asia, Europe, U.S, skyrocketing, Gas Infrastructure Europe, wean, Ukraine, Eurasia, Tuscany

☆ The Great College Pricing Sham
▼ + stars: | 2023-09-10 | by ( James S. Murphy | ) www.businessinsider.com time to read: +21 min

I use quotation marks, because merit aid is granted to half the students at public colleges and 84% at private colleges. Today the average merit-aid discount at private colleges is $23,000 — leaving the student to cover the remaining $30,000 or $40,000. At four-year public colleges, tuition now accounts for 52% of operational revenue, versus 48% from state funding. To make college more accessible, we need to make greater public investments — at both the state and federal levels — in higher education. James S. Murphy is a higher education policy analyst at Education Reform Now.

Persons: Joe Biden, YouGov, Gen, Gen Zers, You'll, Pell Grant, Dominique Baker, —, Getty, Ben Sasse, who's, Sasse, David Feldman, William & Mary, Ford, Feldman, they're, Sandy Baum, It's, There's, Baum, They're, Josh Shapiro, Spencer Cox, shouldn't, James S, Murphy Organizations: Insider, Harvard, of California, Southern Methodist University, Ivy League, U.S . News, Honda, Porsche, University of Florida, McKinsey & Company, University of Oklahoma, University of Kentucky, Ford, Apple, Fordham, Appalachian, William &, Technology, West Virginia University, WVU, Urban Institute, Google, Reform, Twitter Locations: United States, Italian, Appalachian State, America, Pennsylvania, Utah

☆ European gas prices jump 10% as strikes get underway at major LNG facilities in Australia
▼ + stars: | 2023-09-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Liquefied natural gas (LNG) storage units at Grain LNG importation terminal, operated by National Grid Plc, on the Isle of Grain on August 22, 2022 in Rochester, England. European gas prices moved sharply higher on Friday as workers at Australian natural gas facilities went on strike, prompting fears that a prolonged halt to production could squeeze global supplies. "Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms," a spokesperson for Chevron Australia said. Fears of strike action in Australia, one of the world's biggest exporters of LNG, have recently pushed up European gas prices — and analysts expect near-term market volatility to persist. European gas prices rose to around 43 euros last month but had pared gains as the two sides sought an amicable resolution.

Organizations: National Grid, Chevron, Chevron Australia, Offshore Alliance, Union Locations: Isle, Rochester , England, Western Australia, Chevron Australia, Australia

CINCINNATI (AP) — Cincinnati Bengals quarterback Joe Burrow became the highest-paid player in the NFL on Thursday, agreeing to a five-year, $275 million contract extension, according to a person familiar with the deal. The market for quarterbacks was set for Burrow in late July when Los Angeles Chargers QB Justin Herbert agreed to a five-year, $262.5 million extension. Herbert’s total value and $52.5 million average per season surpassed the $260 million, five-year extension ($52 million average) that Baltimore’s Lamar Jackson signed in April. Deshaun Watson agreed to a fully guaranteed $230 million deal with Cleveland in 2022. Bengals owner Mike Brown said a year ago that the team had begun restructuring finances in order secure a long-term deal for Burrow.

Persons: Joe Burrow, hadn't, Burrow, Bowler, ” Burrow, “ You’ve, Zac, Taylor, Justin Herbert, Baltimore’s Lamar Jackson, Deshaun Watson, Patrick Mahomes, wasn’t, Mike Brown, Joe Mixon, Tee Higgins, Logan Wilson, Ja’Marr, Higgins, Chase, ___ Maaddi, ___ Organizations: CINCINNATI, — Cincinnati Bengals, NFL, Bengals, Cleveland, AFC, Rams, Cincinnati, Browns, Los Angeles Chargers Locations: Cincinnati, . Kansas, Tampa , Florida

☆ Climate change adds workplace costs and hazards
▼ + stars: | 2023-09-07 | by ( Mark John | ) www.reuters.com time to read: +6 min

The 57-year-old's death in hospital was announced in late August - just as his trade union was ratifying a deal with UPS on improved heat protections. In a statement to local media, UPS (UPS.N) said it was cooperating with the authorities as they investigated the cause of death. "We train our people to recognize the symptoms of heat stress, and we respond immediately to any request for help," it said. Many European and other usually temperate countries still have no laws establishing maximum work temperatures. "Climate change is such a paradigm shift that all of us need to rethink these legacy economic assumptions," said NELP's Christman.

Persons: patchily, Chris Begley, Halshka Graczyk, Graczyk, Chaya, Anastasia Christman, Owen Tudor, Tudor, Jerome Volle, NELP's, David Stanway, Catherine Evans Organizations: UPS, Teamsters, International Labour Organization, Chiang Mai University, . Occupational Health, Safety Authority, Employment Law, International Trade Union Confederation, Reuters, Thomson Locations: Texas, Paris, Thailand, Myanmar, China, Singapore

☆ Russia will increase foreign currency sales 830% as deadline for Eurobond repayment nears
▼ + stars: | 2023-09-06 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Russia's central bank said it will increase its foreign currency sales by 830% later this month. The sales will help Russia repay a $3 billion Eurobond that is due on September 16. The offloaded foreign currency will also help calm ruble volatility, the central bank said. Between September 14 and 22, the Bank of Russia will sell 21.4 billion rubles worth of foreign currency a day into the domestic market, up 830% from a planned 2.3 billion. This will total 150 billion rubles worth of foreign currency, or $1.5 billion.

Persons: Wagner, Elvira Nabiullina, Anton Siluanov Organizations: Service, Bank of Russia, Bolshevik, Kremlin, Moscow Times, Reuters Locations: Russia, Wall, Silicon, Russia's, Moscow, Ukraine

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