Money

Russia’s economy falters as ruble plummets after sanctions

### Russia’s Economy Faces Strain as Ruble Plummets Amid Sanctions; Putin Claims Situation is Under Control.

Published

1 year ago

November 30, 2024

ticker NEWS

The Russian economy is facing new challenges, showing signs of strain after more than two years of war and sanctions.

The Biden administration’s recent decision to impose stricter sanctions on Gazprombank and over 50 other financial institutions has triggered this downturn. Gazprombank was previously excluded from sanctions to facilitate energy payments, crucial for Russia’s export revenue.

This week, the ruble fell to its lowest value in 32 months, trading at approximately 108 rubles to the dollar. The Russian central bank intervened to stabilize the currency by halting foreign currency purchases, a move aimed at addressing the shortage of hard currency in the market.

President Putin assured the public that the economic situation was under control, although Economy Minister Maxim Reshetnikov acknowledged the need to adapt to the new sanctions.

Concerns about trade disruptions have arisen, and analysts note that Russia may face increasing difficulties as the conflict continues. The new sanctions are expected to impact trade routes further.

Inflation in Russia is high, running at over 9%, with consumer prices increasing significantly. The central bank’s response has included raising interest rates to combat inflation, which is anticipated to rise further next year.

Despite these challenges, experts believe Russia is not facing an immediate crisis. However, the prolonged war will likely strain economic resources, leading to critical trade-offs in government spending and social services. Public sentiment remains anxious as citizens closely monitor currency fluctuations.

Money

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

21 hours ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

3 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

4 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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