Shares of Morgan Stanley fell 5% after Wells Fargo's Mike Mayo lowered his rating to an underweight. He tells what prompted the downgrade. - Sky-Tide Marketing

Shares of Morgan Stanley fell 5% after Wells Fargo’s Mike Mayo lowered his rating to an underweight. He tells what prompted the downgrade.

August 2, 2024

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Funny! Musk and Bezos took jabs at each other on X over Musk’s claim the Amazon founder was “telling everyone” Donald Trump would lose the election and to sell shares in Musk’s companies – which Bezos denies.

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Very funny! They found a way out: The largest bank in Russia has advised clients to seek loans in Belarus due to Russia’s monstrously high interest rate. The key interest rate difference between the two countries is striking: Russia at 21%, compared to Belarus at 9.5%

The key (or refinancing) rate refers to the interest rate at which commercial banks borrow money from the central bank.