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Francesco Rivella – The Father of Nutella: The Life Story and Creation of the Legendary Chocolate Spread

... 1951, a creamier version named Supercrema was introduced. In 1963, Pietro’s son, Michele Ferrero, alongside Francesco Rivella, enhanced the recipe by adding sugar, palm oil, milk, and cocoa. The new product was named Nutella and was launched in 1964. Its unique flavor, creamy texture, and affordable price made the chocolate spread instantly popular in Italy and subsequently around the globe. Expansion and Global Popularity Nutella quickly captured the hearts of consumers, prompting Ferrero to embark ...

SEC Charges Individual for Meme Coin Price Manipulation

... creating and manipulating the prices of meme coins. Vietnamese citizen Vay Pham, also known as msvy_crypto, is accused of inflating trading volumes and misleading investors through fictitious transactions. This case, involving the company Gotbit and its head Alexey Andryunin, raises concerns about the transparency and safety of investments in meme coins. SEC Files Charges for Meme Coin Creation and Price Manipulation for the First Time The U.S. Securities and Exchange Commission (SEC) has filed ...

Oil plays an important role in the financial performance of Russian Railways (RZD). The OPEC+ deal has led to a reduction in the transportation of petroleum products, but they remain the most profitable cargo on the railways.

... A key factor was the OPEC+ deal, under which Russia agreed to the largest production cut in the last 18 months. From December 2022 to December 2023, production in Russia decreased by 300,000 barrels per day (bpd), and from December 2023 to May 2024, it fell by 330,000 bpd, reaching 9.20 million bpd (excluding gas condensate), according to the Energy Information Administration (EIA). A decrease in the production of petroleum products also contributed to the reduction in loading on the RZhD network....

Risky Investment Tools

... operations. Traders on such platforms naively believe they are trading on an exchange. In reality, they are engaged with illegal companies that never incur losses. Cryptocurrencies The temptation of quick profits from Bitcoin's rise is great. However, investors ... ... provides accurate forecasts about the future rise or fall of BTC's value. The value of cryptocurrencies directly depends on demand. It is uncertain what may affect demand at any given moment. The risk of investing in Bitcoin in 2021/2022 is also tied to legislative ...

CAPE Ratio of the S&P 500 Reaches Second Record: Is the Market Overheated?

... the Shiller Ratio, was developed by Nobel laureate Robert Shiller for a more accurate assessment of stock market valuation. It is calculated as the ratio of the current stock price to the average earnings over the past 10 years, adjusted for inflation.... ... ongoing economic growth and declining Federal Reserve rates are fueling demand for stocks. Growth in the Technology Sector – companies in the AI, chip, and Big Tech sectors continue to demonstrate strong profitability and attract capital. Liquidity Influx ...