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Why Russian Banks Sharply Cut Credit Card Issuance in 2024 and What It Means for Consumers

... the United Credit Bureau, the decrease was 22% compared to the same period last year, immediately drawing the attention of experts and consumers. This move is driven by several key factors, from the tightening of the Central Bank's credit policy to a decline in consumer activity. Let's explore why banks are forced to restrict access to credit, how this affects the economy, and what prospects the market holds in the coming months. Why Are Banks Reducing Credit Card Issuance? High Interest Rates The ...

Tuesday, November 26, 2024: Analysis of Key Events and Reports

... Changes in crude oil inventories can influence global oil prices, affecting energy markets and related sectors. Corporate Earnings Reports: Pre-Market (Before U.S. Market Opens): Kohl's Corp (KSS): A major U.S. department store chain. Expected revenue decline of 5.0% year-over-year may indicate challenges in the retail sector. Best Buy Co., Inc. (BBY): Leading retailer of consumer electronics. An anticipated 1.3% revenue decrease could reflect shifts in consumer spending on electronics. Macy's Inc....

Investors on Alert: Stability in Russian Services and Rising Composite PMI — What's Next?

... closely aligned with market expectations. Key Takeaways: The services PMI index remained in the growth zone (50.1), indicating moderate activity in the services sector. The manufacturing PMI increased to about 49.3, signaling a gradual deceleration in the decline of the industrial sector. The rise in the composite PMI (to 49.8) and the services indicator suggests a revival of the business cycle, though the overall picture remains cautious. Considering inflation above 10% and the Central Bank of Russia's ...

Investments in Agriculture - Features and Advantages

... plants, with crops being sprayed from planes with solutions that do not harm the final product and do not negatively affect consumer health. Professional expertise. Over the past few decades, the number of agricultural specialists has significantly declined. Younger generations perceive the profession of agronomist as unprestigious. Therefore, it is quite challenging to find qualified individuals capable of elevating a farm’s profitability. Before investing in an existing farm, it is crucial to ...

Tuesday, November 12, 2024: Key Economic Events for Investors

... Optimism Index (October) — Published at 10:00 GMT The NFIB Small Business Optimism Index measures the outlook among small business owners. An optimistic reading indicates confidence in the economic environment, supporting U.S. markets and the dollar. A decline in optimism may raise concerns about economic growth and labor market challenges. Redbook Retail Sales Index (Weekly) — Published at 13:55 GMT This weekly measure of retail sales offers insights into consumer spending trends. A strong reading ...