Many on Wall Street have also noted that the market has been long overdue for a breather, or a slight correction, after hitting rally-mode for the better part of the year. "As yields are drifting higher, it's putting pressure on stocks." "There's an overhang," said Bryce Doty, portfolio manager at Sit Investment Associates. The rise in rates pressured the real estate sector, which dropped more than 1%, while the Cboe Volatility index spiked to its highest level since June. Yields popped, with the benchmark 10-year Treasury yield trading around 4.18% and near its highest level since November 2022. The Nasdaq Composite inched down 0.1% to 13,959.72. The S&P 500 fell 0.25% to finish at 4,501.89, while the Dow Jones Industrial Average lost 66.63 points, or 0.19% to end at 35,215.89. The S&P 500 ticked lower for a third straight day, as Wall Street assessed the latest corporate earnings results and struggled to shake off pressure from rising bond yields. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower According to Wargaming, "Effective March 31 the company transferred its live games business in Russia and Belarus to local management of Lesta Studio that is no longer affiliated with Wargaming.Best Debt Consolidation Loans for Bad Credit The company split away its Russian versions of the games last year and stopped operating in Russia and Belarus, according to the company. "Wargaming is vehement in the support of the people of Ukraine, our studio in Kyiv, and our employees there," Alex Brewer-Disarufino, a spokesman for Wargaming, the company behind World of Tanks and World of Warships, told the Times. Other games that have been used to promote Russian interests include Russia's version of World of Tanks and World of Warships, Fly Corp, Armored Warfare, and War Thunder, researchers at Molfar, a Ukrainian open-source analytical company, told the Times. In one instance, a Minecraft concert celebrating Russia Day was hosted and streamed by an official whose mother is a close ally of Russian President Vladimir Putin.Īnd according to a recent statement from Putin, video games have become a focal point to promote education "within the framework of universal human values and within the framework of patriotism," Putin said during a recent meeting with a nonprofit organization in Russia. The Times identified multiple instances of Russian propaganda in video games including at least one that also appeared to be influenced by a government official. Within Russia, the state has clamped down on any information that opposes the war and constantly pushes out large amounts of misinformation, Insider previously reported. The use of video games to spread propaganda underscores just how sprawling the Russian information machine has become online. We also encourage anyone to report content or behavior that may not comply with our Community Standards by using our Report Abuse feature." "We are committed to removing this type of content as soon as possible, and we use a combination of manual and automated detection tools to remove such experiences swiftly. "We work tirelessly to maintain a platform that is safe, civil and inclusive and we have strict Community Standards, which prohibit the portrayal of real-world sensitive events," a spokesperson for Roblox told Insider in a statement. The games allow users to design their own worlds, and some have taken the opportunity to construct Russian parades, declare "Glory to Russia," or depict Russian flags over territory taken from Ukraine during the war, the Times report found.Ī spokesperson for Roblox told Insider in a statement that this type of content violates their guidelines and have a "dedicated team of thousands" who act on reports submitted by users. Russia is setting its sights on a new medium to push propaganda about its invasion of Ukraine: video games.įirst-person, interactive games like Roblox - increasingly becoming popular in Russia and a source of online fascist content, according to a report from Wired - and Minecraft are the new breeding ground to showcase Kremlin values and talking points, according to a new report from The New York Times. Account icon An icon in the shape of a person's head and shoulders.
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