Stock market news

General Motors

General Motors has agreed with Brazilian mining giant Vale SA to supply nickel for batteries in future electric cars starting in 2026. The automaker aims to reduce the cost of its Ultium battery cells to less than $70 per kWh by the middle or end of the decade, as the company expects competition in the electric-car market to intensify after 2025. The industr...

MMC Norilsk Nickel

Driver of Baikal 2000 landfill, which removes municipal household waste, forgot to lower the dump truck body and damaged the pipeline trestle, which resulted in a tailing pipe break at the Talnakh Concentrator of Nornickel. There were no casualties. The short-term shutdown of the plant will not affect the production plans of Nornickel's Polar Division.

NetEase

The NetEase Board of Directors announced a quarterly dividend of $0.435 per share. The last day to buy securities to receive the dividend is November 30, 2022. The annual dividend yield may reach 1.55%.

Home Depot

The Home Depot Board of Directors announced a quarterly dividend of $1.9 per share. The last day to buy securities to receive the dividend is November 29, 2022. The annual dividend yield may reach 2.46%.

NVIDIA

The NVIDIA Board of Directors announced a quarterly dividend of $0.04 per share. The last day to buy securities to receive the dividend is November 29, 2022. The annual dividend yield may reach 0.1%.

PepsiCo

The PepsiCo Board of Directors announced a quarterly dividend of $1.15 per share. The last day to buy securities to receive the dividend is November 30, 2022. The annual dividend yield may reach 2.64%.

Avangard Bank

Shareholders of Avangard Bank approved dividends for 9 months 2022 in the amount of ₽17.34 per ordinary share. The last day of purchase of securities to receive dividends is November 24, 2022. Dividend yield may amount to 1.66%.

MD Medical Group Investments

MD Medical opened the first outpatient clinic with a focus on IVF cycles in Yekaterinburg. Capacity of the new clinic will allow to perform up to 400 gynecological surgeries, about 800 IVF cycles, including IVF cycles under the MHI, and more than 30,000 specialist consultations per year. Total investments in the project amounted to about ₽74 million.

Visa

Chief of Visa Alfred Kelly will leave his post. As of February 1, 2023, he will be succeeded by the current president of the company, Ryan McInerney. Kelly explained that it was time for him to leave his position as he turns 65 next year. He will not be involved in the day-to-day operations of the company, but will remain chairman of the board and advisor to...

KAMAZ

Kamaz automobile concern plans by the end of the year to present an unmanned truck for the experiment of autonomous cargo delivery on the M-11 Moscow - St. Petersburg highway. After that it will start testing, and from February to June the Ministry of Transport will create a digital twin of the Moscow - St. Petersburg "Neva" road. As a result, according to t...