U.S. markets closed

  • S&P 500

    4,136.48
    -43.28 (-1.04%)
     

  • Dow 30

    33,926.01
    -127.93 (-0.38%)
     

  • Nasdaq

    12,006.96
    -193.86 (-1.59%)
     

  • Russell 2000

    1,985.53
    -15.69 (-0.78%)
     

  • Crude Oil

    73.23
    -2.65 (-3.49%)
     

  • Gold

    1,877.70
    -53.10 (-2.75%)
     

  • Silver

    22.40
    -1.22 (-5.17%)
     

  • EUR/USD

    1.0798
    -0.0113 (-1.04%)
     

  • 10-Yr Bond

    3.5320
    +0.1360 (+4.00%)
     

  • GBP/USD

    1.2056
    -0.0173 (-1.41%)
     

  • USD/JPY

    131.1500
    +2.5460 (+1.98%)
     

  • BTC-USD

    23,309.92
    -228.41 (-0.97%)
     

  • CMC Crypto 200

    535.42
    -1.43 (-0.27%)
     

  • FTSE 100

    7,901.80
    +81.64 (+1.04%)
     

  • Nikkei 225

    27,509.46
    +107.41 (+0.39%)
     

Yandex, VTB and partners to invest over $14 mln in server production

·1 min read

MOSCOW, Oct 6 (Reuters) - Russian internet giant Yandex on Wednesday said a joint venture with state-owned VTB Bank and other partners to produce servers would initially invest more than 1 billion roubles ($14 million).

Yandex's JV with VTB, IT group LANIT and computer equipment manufacturer Gigabyte has started building a factory in Ryazan, around 180 kilometres (112 miles) southeast of Moscow, with the first server expected to be produced by the end of 2022.

The factory will produce equipment under a new brand, Openyard.

Yandex and VTB signed an agreement at the St Petersburg International Economic Forum earlier this year, but had not previously disclosed investment plans or the factory's location.

($1 = 72.5790 roubles) (Reporting by Gleb Stolyarov and Alexander Marrow; editing by Jason Neely)

Recommended Stories

  • Why C3.ai Stock Jumped Today

    As of 12:59 p.m. ET, the stock was up 21.9%. Last night, DA Davidson analyst Gil Luria raised his rating on the AI-focused software-as-a-service (SaaS) stock to "buy," saying C3.ai is "a truly scarce asset in a critical software arena," and that the generative AI could be a "killer app" for artificial intelligence. The analyst endorsement was the latest piece of good news for C3.ai, whose shares have surged this week as investors look for ways to get exposure to the artificial intelligence boom.

  • How much money do I need to live entirely off dividends? Here's how to figure out the lowest amount you need to make it work

    Yes, there's math. No, it's not that hard.

  • Why Amazon Stock Plunged Today

    Amazon's net sales grew by 9% year over year to $149.2 billion in the fourth quarter. AWS's revenue rose 20% to $21.4 billion. "Starting back in the middle of the third quarter of 2022, we saw our year-over-year growth rates slow as enterprises of all sizes evaluated ways to optimize their cloud spending in response to the tough macroeconomic conditions," Chief Financial Officer Brian Olsavsky said during a conference call with analysts.

  • Jobs report tells markets what Fed chairman Powell tried to tell them

    On Wednesday afternoon Federal Reserve Chairman Jerome Powell said over and over again: We’re not done raising interest rates. Wall Street didn’t listen. January’s blowout jobs report, posted Friday morning, showed nonfarm payrolls rose by nearly three times as much as economists had been expecting.

  • 1 Super Semiconductor Stock Down 47% You'll Regret Not Buying on the Dip

    The stock market had a rough year in 2022, but the technology sector bore the brunt of the pessimism, with the Nasdaq-100 index falling by 33%. The semiconductor industry is a good example. The pandemic triggered chip shortages across the world in 2020 and 2021, which gave manufacturers pricing power and drove monumental growth.

  • This Is Warren Buffett's No. 1 Stock to Buy (and You Won't Find It in Berkshire Hathaway's Portfolio)

    The Oracle of Omaha has spent over $63 billion since mid-2018 buying a stock that doesn't show up in Berkshire Hathaway's 13F filings or investment portfolio.

  • Maker of $555,000 Flying Motorbikes to Begin Trading in US

    (Bloomberg) -- A Japanese maker of flying motorbikes will list on the Nasdaq stock exchange and start trading as early as Friday in New York, making it the fifth company from the Asian nation to join the tech-heavy bourse, according to people familiar with the matter. Most Read from BloombergMerck Covid Drug Linked to New Virus Mutations, Study SaysAdani Crisis Deepens as Stock Rout Hits $108 BillionHong Kong to Give Away 500,000 Air Tickets to Revive TourismAdani’s $108 Billion Crisis Shakes In

  • Warren Buffett’s right-hand man Charlie Munger, who once called crypto ‘rat poison,’ says we should follow China’s lead and ban cryptocurrencies altogether

    “A cryptocurrency is not a currency, not a commodity, and not a security,” Munger said Wednesday in a WSJ op-ed. “It’s a gambling contract."

  • 15 Best Dividend Leaders to Buy According to Hedge Funds

    In this article, we discuss 15 best dividend leaders to buy according to hedge funds. If you want to see more stocks in this selection, check out 5 Best Dividend Leaders to Buy According to Hedge Funds. First Trust Morningstar Dividend Leaders Index Fund (NYSE:FDL) is based on the 100 highest yielding stocks that have […]

  • Why Bill.com Stock Plummeted Today

    Shares of Bill.com Holdings (NYSE: BILL), the payments specialist for small and medium-sized businesses (SMBs), were taking a dive today after the company posted strong results in its fiscal second quarter but offered disappointing guidance for the current period. Bill.com, which is a software-as-a-service company that helps SMBs handle payments and back-office accounting, said core revenue rose 49% in the quarter, and total revenue jumped 66% to $260 million, which beat estimates at $243.5 million. CEO Rene Lacerte said, "We delivered strong second-quarter results and achieved another quarter of non-GAAP profitable growth as we executed on our strategy to be the essential financial operations platform for SMBs."

  • I’m 72, have a cushy amount invested and was withdrawing 4% a year. But once I pay my financial adviser’s fees and California taxes that won’t be enough. What’s my move?

    Have a question about working with your financial adviser or looking to hire a new one? Email picks@marketwatch.com.

  • J.P. Morgan Pounds the Table on These 2 Reliable Dividend Stocks

    The year has started well for stock market investors, no doubt of that. The S&P 500 has jumped 9%, and the NASDAQ is up nearly 17%. While this doesn’t reverse last year’s losses, the gains, prompted by several releases of positive economic data, do indicate a shift to more positive investor sentiment. But there is always a voice of caution, and today it’s coming from JPMorgan strategist Marko Kolanovic, who warns that the stock rally likely won’t last – and that it has only postponed, not ended,

  • Apple Earnings Miss, But the Stock Rallies Anyway

    One bright spot in the report was Apple Services revenue. Services, which include Apple Music, TV, News, Card and others is quickly becoming a major contributors to the bottom line, and just in time

  • Nvidia and 5 Other Stocks at High Risk for Short Selling

    22V Research put together a list of candidates, and said many are likely to see reversals in February.

  • How Much Does a $300,000 Annuity Pay Per Month?

    When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.

  • Is the Next Bull Market Here? Why SoFi Is a Top Stock to Buy

    Shares of SoFi Technologies (NASDAQ: SOFI) have surged almost 70% since the start of 2023, but they're still down sharply from their highs. Is the worst over for investors, and this is the beginning of the next bull run for stocks, including SoFi? In the video below, Motley Fool contributors Jeff Santoro and Jason Hall break down why a bull market would almost surely mean good things for SoFi, and why it's worth buying.

  • Let it go: Here are 3 crucial things you must 'say goodbye' to in retirement. Most folks can't do it — but can you?

    Change doesn't have to be bad.

  • Exxon Mobil (NYSE:XOM) Is Paying Out A Larger Dividend Than Last Year

    Exxon Mobil Corporation ( NYSE:XOM ) has announced that it will be increasing its dividend from last year's comparable...

  • Musk Confirms a New Cybertruck Feature That Will Delight Tesla Fans

    The Cybertruck is Tesla's very first pickup/truck. Elon Musk is building excitement around this highly anticipated vehicle.

  • How Can I Avoid Paying Taxes on IRA Withdrawals?

    There are plenty of ways to minimize your tax liability and that’s especially true when you have worked hard to sock away retirement money. Tax advisors are constantly searching for new ways to avoid paying taxes on IRA withdrawals. There … Continue reading → The post How Can I Avoid Paying Taxes on IRA Withdrawals? appeared first on SmartAsset Blog.