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The Russian index of the Moscow Exchange at the highest level in more than 12 months



  • The underlying Russian MOEX index is trading at levels that have not been seen for more than 12 months.
  • The Russian stock market is being fueled by domestic investors, who have few options under broad sanctions.
  • The Moscow Exchange Index is up 24% this year after falling 42% in 2022.

The Moscow stock market reached its highest level in more than a year thanks to domestic retail investors who were left with no choice where to invest their money.

reference point Moscow Exchange Index on the Moscow Exchange on Thursday reached a maximum of 2646.18 – the highest level since the beginning of April 2022.

“Money is trapped,” said Jacob Grapengiesser, chief investment officer at East Capital. Financial Times on Friday: “Where to bet if not on the stock exchange?”

The Kremlin has banned most foreign investors from exiting their investments in Russia and limited amount of money Russians can keep accounts in foreign banks.

The MOEX Index is up 24% this year, a stunning reversal from 2022 when index fell by 50% February 24, 2022, after Russia invaded Ukraine, destroying $259 billion of market value. The Moscow Exchange Index fell by 42% in 2022.

Although the MOEX index was volatile last year, since mid-March, prices have begun to rise strongly, helped in part by the growth US dollar against ruble — which, in turn, made ruble-denominated investments more attractive. This year, the dollar has gained 9% against the ruble.

Despite the growth of the Moscow Exchange index, trading volumes on its stock market fell by 41% compared to last year against the backdrop of sanctions. The index is unlikely to hit its all-time high of 4,300 in October 2021 as foreign investors are not allowed to enter the market, Sofya Donets, Russia chief economist at Moscow-based investment bank Renaissance Capital, told the FT.

According to forecasts, in 2022 the Russian economy will shrink by 2.1%. rossstat, the country’s official statistics office. However, the country’s economy is likely worse than Moscow claims because huge spending is masking a slowdown in the private sector, the political economist said. Phil Rosen of Insider in April.

The Moscow Exchange index closed on Friday at 2634.96. The exchange is closed for holiday on Monday.

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Sensitive data leaks from servers running Salesforce software.



According to mail published Friday by KrebsOnSecurity.

According to Brian Krebs, at least five separate sites run by the state of Vermont allowed access to sensitive data to anyone. Among those affected was the state unemployment assistance program in connection with the pandemic. It disclosed the applicants’ full names, social security numbers, addresses, phone numbers, email addresses, and bank account numbers. Like other organizations that provide public access to personal data, Vermont used Salesforce Community, a cloud-based software product designed to make it easy for organizations to quickly create websites.

Another affected Salesforce customer was Huntington Bank of Columbus, Ohio. He recently acquired TCF Bank, which used Salesforce Community to process commercial loans. Available data fields included names, addresses, social security numbers, job titles, federal IDs, IP addresses, average monthly wages, and loan amounts.

Both the state of Vermont and Huntington Bank became aware of the leak when the cancer contacted them for comment. In both cases, clients quickly closed public access to confidential information.

Salesforce community websites can be configured to require authentication so that a limited number of authorized people can access sensitive data and internal resources. Sites can also be configured so that anyone can gain unauthenticated access to view public information. Administrators sometimes inadvertently allow unauthenticated visitors to access areas of the website that are reserved for authorized employees only.

Salesforce told Krebs that it is providing clear instructions for customers to set up a Salesforce community to provide data access for unauthenticated guests. The company pointed to the resources Here, HereAnd Here.

Several people have refuted this claim. One of them is Vermont Information Security Director Scott Carby. He told Krebs that his team was “disappointed by the liberal nature of the platform”. Another critic is Doug Merrett, who first attempted to raise awareness eight months ago about the ease of misconfiguring Salesforce Community. On Friday, he elaborated on the problem in a post titled Salesforce Communities Security Issue.

“The problem was that you could hack the URL to see the standard Salesforce pages — Account, Contact, User, etc.,” Merrett wrote. “This wouldn’t actually be a problem, except that the admin didn’t expect you to see the standard pages as they didn’t add objects related to the Aura community navigation and therefore didn’t create the appropriate page layouts to hide the margins that they don’t want the user to see.”

In Salesforce parlance, Aura refers to reusable user interface components that can be applied to selected parts of a web page, from a single line of text to an entire application.

Krebs said he learned about the leaks from security researcher Charan Akiri, who identified hundreds of organizations with misconfigured Salesforce sites. Akiri said that of the many companies and government organizations he reported, only five ended up fixing the problems. None of them were in the public sector.

One cancer organization notified was the government of Washington, D.C., which uses Salesforce Community for at least five DC Health public websites and leaked sensitive information. The county’s interim director of information security told Krebs that she had reviewed the findings of an outside consultant brought in to investigate. The third party, the CIO told Krebs, said the sites were not susceptible to data loss.

Cancer then provided a document with a healthcare worker’s social security number, which he downloaded from DC Health when he interviewed the director of information security. The chief information security officer then admitted that his team had overlooked some configuration settings.

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Underwater writing technique allows you to draw patterns in liquid



Patterns and initials written in water

Thomas Palberg and others (2023)

Writing on hard materials such as parchment or paper is possible because the ink sticks to the surface and remains intact. But in a liquid, the particles are constantly moving, and the ink quickly dissipates – until now.

Thomas Palberg at the Johannes Gutenberg University in Mainz in Germany and colleagues used a resin ball. draw lines and patterns in water containing ink particles. This works because the bead creates low acidity trails in the water that attract the ink.

To move a bead along a certain…

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Meta returns to growth after struggling with falling sales



The debate over whether the Meta is in decline may die down, at least for now.

After three quarters of falling revenue, Meta, formerly known as Facebook, informed on Wednesday, first-quarter revenue jumped 3% year-over-year to $28.6 billion. Profits fell 24 percent to $5.7 billion, partly due to restructuring costs.

The results, which beat Wall Street’s expectations and Meta’s own projections, were bolstered by user growth. The company added 37 million daily users to Facebook, its standout app, up 4 percent from a year earlier, a game-changer from the first-ever user drop it reported in early 2022.

“We had a good quarter and our community continues to grow,” said Mark Zuckerberg, CEO of Meta. He added that the company “becomes more efficient so we can build better products faster and strengthen our position to realize our long-term vision.”

The play comes at a tumultuous year for the Meta, which is trying to reinvent itself after declining revenues and what Mr. Zuckerberg called an overstuffed workforce.

He was pushing the company into the so-called immersive world of the metaverse, an untested market. Meta is also facing stiff competition from adversaries like TikTok, which is taking ad dollars from social media companies, and Apple, which has blocked Facebook’s ad tech with privacy updates to its iOS software.

These issues, after years of rampant growth, have raised questions about the future of Meta and its vulnerabilities.

On Wednesday, Mr. Zuckerberg said in a earnings call that he has no intention of giving up on his pursuit of the metaverse and that it remains a long-term goal.

In an attempt to make a difference, he instead embarked on what he calls a “year of efficiency,” reining in spending and cutting the ranks by more than 21,000 people, or about 30 percent. Meta’s share price, which rose more than 12 percent after hours, has surged 63 percent since the company announced the first round of layoffs of 11,000 people in November.

In March, Meta announced it was laying off another 10,000 people. The company said on Wednesday it would incur severance pay and related staff costs of about $1 billion as a result of the cuts.

“When we started this work last year, our business was not doing as well as I wanted,” Mr. Zuckerberg said in a conversation with investors. He added that he still “believes that slowing down hiring and simplifying our governance structure” will improve Meta’s speed and quality of work.

But the moves also damaged employee morale. Workers are wondering if they will be laid off. Mr. Zuckerberg said he is trying to eliminate “managers running managers” as a result of the middle management glut caused by over-hiring in the pandemic era.

The company said it had 77,114 employees as of March 31, down 1 percent from a year earlier.

Despite recent results, the Meta’s problems remain. The company’s first-quarter costs jumped 10 percent year-over-year to $21.4 billion, outpacing revenue growth.

As the metaverse hype has died and switched to artificial intelligence, Meta is also trying to position itself as a leader in the field, backed by years of investment. Mr. Zuckerberg and his executive team attend weekly AI strategy meetings. He told investors that artificial intelligence is helping to offer more relevant photos and videos to Instagram and Facebook users.

Mr. Zuckerberg said he expects the new technology to “affect literally every one of our products” in the future. He did not reveal specific plans, but did suggest potential products such as AI-powered chatbots that could help with customer service or small businesses using WhatsApp. According to him, artificial intelligence can also help make photos or videos more attractive.

For now, Meta plans to continue to invest heavily in data centers and infrastructure that help ramp up AI efforts like other big tech companies.

“Our AI work is delivering good results in our applications and business,” Mr. Zuckerberg said.

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