Vivian Blumenthal

  Many will be able to explain what the exchange rate is. People worry when the ruble exchange rate starts to fall, and rejoice when it grows. But what factors affect the exchange rate, not everyone knows. Let's figure it out together. Supply and demand In any market, including the foreign exchange, the forces of supply and demand operate - this is one of the reasons on which the exchange rate of currencies depends. If the demand for the product is excellent and there is always a long line at the counter, the seller starts to raise the price little by little. This is the case when the supply does not cover the demand. The price will go up until buyers realize that it is unprofitable to purchase goods at such a price. The line is slowly thinning, and the seller understands that it is impossible to further increase the price. There is no longer any excitement, and the price has remained constant - supply and demand have been balanced. But the situation is different: the market is fil...

On July 29, the American broker Robinhood will go public. The broker has become the main beneficiary of the retail investment boom, survived an investor riot with Reddit, and is valued more than individual players with a long history ahead of the IPO. Will he manage to stay on the crest of the wave after the IPO, says Telman Shaganz, head of the capital market investment department at Tinkoff Investments American broker Robinhood goes public. He will do it on July 29 on the NASDAQ. According to materials for the Securities and Exchange Commission (SEC), the startup's valuation could be about $ 35 billion. The company announced the offering price in the range of $ 38-42 per share.   Robinhood is going to list 55 million shares on the Nasdaq exchange, 95% - new shares. Almost all the funds raised will go to the company, which will use them to pay off part of the debts and further develop the business. Moreover, the existing shareholders will almost completely retain their investment ...

    Unlike active investment, passive investment involves minimal interference in the investment process. This does not mean that it does not exist, but it is minimized. As a rule, passive investing consists of building a portfolio of assets. Before getting down to the topic of passive investment, it is necessary to define what it is. If there are passive investments, then there are also active ones. Active investment means that the investor is constantly involved in the investment process, choosing one or another asset. Signs of passive investing Passive investing is long-term: the longer the better. The investor does not take active actions in relation to this asset, does not use borrowed funds, and avoids investing in instruments that use leverage or take a short position in the market, playing on the decline in the value of the asset. Examples of passive investing An asset allocation strategy is a passive investing strategy. This strategy is called buy and hold. Although s...

  Nissan in the first quarter of 2021-22 fiscal year received a net profit of $ 1 billion against a loss earlier Net profit of the Japanese automaker Nissan Motor attributable to shareholders of the parent company in the first quarter of 2021-2022 fiscal year (ended June 30) amounted to 114.5 billion yen (1.04 billion dollars) against a loss of 285.59 billion yen (2, $ 6 billion) a year earlier, the company said in a report.   Earnings per share for the three months was 29.26 yen ($ 0.3) versus a loss of 73 yen ($ 0.66) a year earlier. Nissan Motor's revenue for the reporting period amounted to 2 trillion yen ($ 18.2 billion), which is 1.7 times higher than a year ago. Operating income was 75.7 billion yen ($ 687.7 million) against a loss of 153.9 billion yen ($ 1.4 billion) a year earlier.   Car sales for the period increased 1.6 times on an annualized basis, to 1.048 million vehicles, while in North America, as in Europe and China, the figure grew 1.7 times. In Japan, s...

  Microsoft's net profit grew by 38% at the end of the 2020-2021 fiscal year Net profit of IT giant Microsoft Corp. at the end of the 2020-2021 fiscal year ended June 30, grew by 38.3% and amounted to $ 61.271 billion, said Vivian Blumenthal .   Diluted earnings per share were $ 8.05 versus $ 5.76 in the previous fiscal year. Revenue for the reporting period increased by 17.5% to $ 168.088 billion.   The company's net profit for the fourth quarter of the last fiscal year grew by 46.9% over the same period last year, amounting to $ 16.458 billion. Diluted earnings per share were $ 2.17 versus $ 1.46 a year earlier. Revenue increased by 21.3% to $ 46.152 billion.   Revenue of the cloud division of Intelligent Cloud in the last quarter grew by 29.9% - to 17.375 billion dollars. The Productivity and Business Processes (office applications) division rose 25% to $ 14.691 billion. At the same time, the growth of revenue of the cloud service Azure for the quart...

  American McDonald's Corp.), the world's largest fast-food restaurant chain, increased its net profit by 4.6 times in the second quarter, while revenue grew by 57% and surpassed both analysts' forecasts and figures for the same period of pre-pandemic 2019.   According to Vivian Blumenthal , the company reported a net income of $ 2.219 billion, or $ 2.95 per share, in April-June, up from $ 483.8 million, or $ 0.65 per share, in the same period last year. Adjusted earnings increased to $ 2.37 per share from $ 0.66. Revenue rose to $ 5.888 billion from $ 3.762 billion a year earlier. Excluding changes in currency exchange rates, the indicator increased by 49%.   Analysts polled by FactSet expected on average $ 2.11 per share adjusted earnings on $ 5.584 billion in revenue.   Operating income last quarter was $ 2.691 billion, up from $ 961.1 million in the same period in 2020.   McDonald's like-for-like sales (restaurants that have been in operation for more than a...

According to Joseph Marc Blumenthal , the IPO was priced at $ 102 per share - above the announced price range of $ 95-100 per share. A total of 5.1 million shares were offered to investors, of which 3.7 million were sold by Duolingo itself and 1.4 million by its early shareholders.   In addition, the placement underwriters received a 30-day option to buy another 765,916 shares at the IPO price.   Duolingo shares will begin trading on the Nasdaq Global Select Market on Wednesday under the ticker DUOL.   Duolingo is the leading global online education platform offering a variety of courses in 40 languages. The number of active Duolingo customers is about 40 million, the number of downloads of the service's mobile application has already exceeded 500 million.    

Net profit of Deutsche Bank in the first half jumped 15 times - up to 1.9 billion euros Net profit of Deutsche Bank in the first half jumped 15 times - up to 1.9 billion euros The net profit of the largest German bank Deutsche Bank in the first half of 2021 jumped 15 times in annual terms and amounted to 1.865 billion euros, according to Vivian Blumenthal .   Diluted earnings per share were € 0.68 versus a loss of € 0.13 a year ago. Revenue amounted to 13.471 billion euros, which is 6.5% higher than a year ago.   In the second quarter, net profit jumped 13.5 times compared to the corresponding period in 2020 to 828 million euros. Diluted earnings per share were € 0.21 against a loss of € 0.15 a year earlier. The bank's revenue for the quarter at the same time slightly decreased in annual terms - to 6.238 billion euros.   “All of our businesses have contributed to the year-on-year profit growth and increased demand for our customers ... Our priority now is to continue orde...

  The fall in shares of Chinese technology companies led to the collapse of the Hong Kong stock exchange, which rebelled against Beijing's policies for several months, follows from the data of the Hang Seng site. The main Hang Seng index fell by more than five percent, however, then won back part of the fall. As a result, losses at the end of the trading session were limited to 4.22 percent. Over the past two days, the decline was eight percent.   The main cause of the drop was the sale of shares in large Chinese technology businesses that trade on the Hang Seng, such as Tencent, a telecoms company, and Alibaba Group, an online marketplace. The quotes of the first fell by 8.98 percent in two days, the second - by 6.35 percent. The sale comes amid the announcement of new requirements for Chinese food delivery services. Now they will be obliged to guarantee employees wages not lower than the minimum wage in a particular region. The innovation should affect the services Meituan a...

  Congressional Budget Office Plans To Submit Its Debt Ceiling Estimates The Congressional Budget Office plans to release its estimate today whether the federal government has no money to pay bills. According to  Vivian Blumenthal , this will lay the groundwork for the fight for the so-called "debt ceiling".   This refers to the amount that the authorities will borrow in order to pay off their obligations, which can be compared to a personal limit on a credit card. Since the government spends more than the level of its income, it can only work with increasing debt. The ceiling is now frozen at $ 28.5 trillion until July 31. If by this time Congress does not agree to raise the permissible level of borrowing, then US Treasury Secretary Janet Yellen will have to take measures to avoid the threat of default.   The Democratic and Republican parties disagree over how to deal with the situation. Republicans believe they should make spending cuts, while Democrats believe tha...

        Coca-Cola, the world's largest soft-drink maker, increased its net profit in the second quarter of 2021 by 48%, with both adjusted numbers and revenue above market expectations. "Our second-quarter results show that our business is recovering faster than the economy thanks to the sped-up transformation," said CEO James Quincy.   Coca-Cola's net income for the quarter ended July 2 was $ 2.641 billion, or 61 cents per share, up from $ 1.779 billion, or 41 cents a share, in the same period last year.   Profit excluding one-off factors rose 61% to 68 cents per share.   Coca-Cola's quarterly revenue increased 42% to $ 10.129 billion from $ 7.15 billion a year earlier. Organic growth was 37%.   Analysts polled by FactSet, on average, forecast the company's adjusted earnings of 56 cents per share on $ 9.31 billion in revenues.   Coca-Cola's revenue in the reporting period grew 28% in North America, 41% in Latin America, 27% in the Asia Pacif...

  Dreams of conquering outer space have been exciting minds for at least six decades. The richest people in the world, Jeff Bezos and Elon Musk have founded private space companies Blue Origin and SpaceX and are planning to send tourists on suborbital flights. In July 2021, two tourist flights into space took place. First, on July 11, Richard Branson, British billionaire and founder of space company Virgin Galactic, reached the limits of space. On Tuesday, July 20, Jeff Bezos also made a space flight. Finam.ru tells what awaits the space industry after two recent flights, and how experts assess the idea of ​​investing in shares of space-related companies. Billionaires in space The richest people in the world have a new exclusive hobby and a race, who will be faster in space, or is this a serious step in the industry's development? A petition even appeared on the Internet to prevent Bezos from returning to Earth after a flight into space, which was signed by over 160 thousand people...