Tag Archives: scales

Yandex scales back “many planned investments,” withdraws 2022 financial guidance

Yandex scales back “many planned investments,” withdraws 2022 financial guidance

In the instable environment created by Russia’s war on Ukraine, Yandex’s annual report to the US Security Exchange Commission (SEC) provides details on a range of pressing business issues and potential company risks. The report was issued Thursday by Yandex’s Netherlands-headquartered mother company, which has been listed on the Nasdaq since 2011. After the resignation of one of its top executive in March — Tigran Khudaverdyan, who was designated under EU and UK… Source link

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Russia’s Yandex withdraws 2022 financial guidance, scales back investments

Russia’s Yandex withdraws 2022 financial guidance, scales back investments

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov/File Photo Register now for FREE unlimited access to Reuters.com Register April 21 (Reuters) – Russian internet giant Yandex (YNDX.O) on Thursday withdrew its 2022 financial forecasts and said it was scaling back planned investments, one of several Russian companies grappling with Moscow’s increasing isolation in the wake of the conflict in Ukraine. Just… Source link

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Cathie Wood ‘keeping open mind’ on investing in General Motors as carmaker scales EV plans

Cathie Wood ‘keeping open mind’ on investing in General Motors as carmaker scales EV plans

General Motors (GM) has been revving up its electric vehicle business. And Cathie Wood is taking notice. The innovation-focused, Tesla (TSLA)-loving Ark Invest CEO — a vocal critic of legacy automakers who predicted not long ago that GM will go bankrupt — is changing her tune on the Detroit-based car manufacturer as it commits to an electric future, Wood signaled in an interview with Yahoo Finance. She also revealed that her investment management firm recently met with General Motors CEO… Source link

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