The gold address plaque of Bank Rossiya is seen outside the bank’s head office in St. Petersburg. Western countries are responding to Russia’s incursion on eastern Ukraine with a series of sanctions targeting the country’s financial sector. Russian troops have entered two breakaway regions in Ukraine that were recognized as independent by president Vladimir Putin […]
Read MoreA Bloomberg story by Carmen Arroyo today underscores the cost-cutting focus I’m increasingly hearing from mortgage lenders this month. Mortgage layoffs and cost cuts are normal as rates rise, but lenders will still fund $2.6 trillion in 2022. Here are some bullet points on which lenders will thrive vs. struggle as this plays out. – […]
Read More(Bloomberg) — Whatever happens in Ukraine or how it affects Federal Reserve policy, the outcome will land in markets where investors have had time to prepare for the worst. It may be one reason the worst has so far been avoided. They’ve been steadily boosting bets against equities, shaking off a reluctance to short tracing […]
Read MorePeabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, China, India, Vietnam, South Korea, and internationally. The company operates through Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, and Other U.S. Thermal Mining segments. BTU $18.7100 1.9100 % 11.3700 Peabody Energy Corp Sector : Oils-Energy Industry : […]
Read MoreIdaho Strategic Resources, Inc. (NJMC) Idaho Strategic Resources, Inc. engages in the exploring, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d’Alene Mining District of North Idaho and Western Montana. It owns 100% interest in the Golden Chest Mine. Barrick Gold Corporation (GOLD) Barrick Gold Corporation engages in the […]
Read MoreSoon after taking office in 2021, President Joe Biden signed into law the $1.9 trillion American Rescue Plan Act. For the 2021 tax year, that aid package upped the $2,000 child tax credit to $3,000 per dependent ages 6 to 17, and from $2,000 to $3,600 for children age 5 or younger. Instead of having parents […]
Read MoreThe Technology sector has been a bright spot throughout the past two years, and one of the big reasons that I think the economy has been pretty resilient during the COVID-19 pandemic. One of the reasons the sector has led the market for most of that time is because so much of the shift to […]
Read MoreW. R. Berkley Corporation (WRB) W. R. Berkley Corporation, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates in two segments, Insurance and Reinsurance & Monoline Excess. FirstCash Holdings, Inc (FCFS) FirstCash Holdings, Inc., together with its subsidiaries, operates retail pawn stores in the United States […]
Read MoreBuy Price: $30.75 or better Sell Price: TradersPro Sell Signal Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Eni gas e luce, Power & Renewables; and Corporate and Other activities segments. The […]
Read MoreBosch is increasing its previously stated investment in semiconductor production in order to stay on top of the ongoing chip shortage. The company is adding $296 million, on top of the $473 million Bosch already pledged to spend in 2022 last year, to new manufacturing facilities. Most of last year’s capital was earmarked for Bosch’s […]
Read MoreThe 30-year mortgage rate has risen rapidly to its highest level since 2019, around 4%. The increase could compel home shoppers to look for houses in lower price ranges. Some might need to get preapproved again. Mortgage rates have risen almost a full percentage point since late December. A few days before Christmas, the 30-year […]
Read MoreBitcoin (BTC-USD) and other major cryptocurrencies have tracked the volatility and broader market declines seen so far in 2022. But the pressure could be short-lived, according to at least one pundit, with a handful of temporary factors driving the latest pullback for digital currencies. “It always is uncomfortable when the market goes down, but I […]
Read More(Bloomberg) — Renewable Energy Group Inc., a green diesel maker, is exploring options after receiving takeover interest, including selling itself, according to a person familiar with the matter. The company is working with financial advisers, the person said, asking not to be identified because the matter is private. Renewable Energy has held recent takeover talks […]
Read More(Bloomberg) — The Biden administration has delayed issuing permits for new oil and gas drilling on federal land, a move that could complicate efforts to tame gasoline prices that are poised to top $4 per gallon amid the Russia-Ukraine conflict. The Interior Department warned of delays in new drilling permits after a Louisiana-based federal district […]
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