Category Archives: Syndicated
Shell defends decision to buy discounted oil from Russia
(CNBC) Oil major Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, saying it would commit the profits to a fund dedicated to humanitarian aid for Ukraine. On Friday, Shell purchased 100,000 metric tons […]
February jobs report expected to show strong labor market continuing with solid wage gains
(CNBC) The February employment report, released at 8:30 a.m. Friday, is the final monthly employment data the Federal Reserve will consider before it meets March 15 and 16. The central bank is widely expected to raise interest rates at that […]
Stock futures slide as investors monitor updates surrounding Ukraine nuclear power plant
(CNBC) Stock futures fell on Thursday evening ahead of a key jobs report as investors kept an eye on developments in the war in Ukraine. Futures tied to the Dow Jones Industrial Average dropped 117 points, or 0.35%. Those for […]
For Warren Buffett, Apple is his new Cola-Cola as the investing icon reaps $100 billion in six years
(CNBC) Warren Buffett’s recent success from his massive Apple bet is spurring comparisons with the legend’s greatest investment of all time — Coca-Cola. Berkshire Hathaway began buying Apple’s stock in 2016 and amassed a 5% ownership of the iPhone maker by […]
Some US Russia sanctions could be counterproductive, says Citadel’s Griffin
(Hedgeweek) A US decision to curb Russian access to US technology and US dollars in retaliation for the invasion of Ukraine, could backfire, according to hedge fund manager Ken Griffin. To read this article:
Using machine learning to capture commodities outperformance
(Opalesque) Rotella Capital Management has a new look. The firm, now known as Rotella Qdeck, is reimagining itself with the aid of new technology and a new platform for investors. The platform is the culmination of two years of work […]
Russia’s Sberbank collapses 95% on London Stock Exchange as it Exits Europe
(CNBC) Shares of Russia’s Sberbank plunged 95% on the London Stock Exchange on Wednesday to trade as low as a penny after the bank announced that it was pulling out of the European market. Russia’s largest lender said its European […]
Elon Musk and Tesla face trial over CEO’s multibillion-dollar pay package from 2018
(CNBC) Tesla and Elon Musk are facing a trial over the CEO’s 2018 pay package, which was worth around $2.5 billion at the time it was granted. Shareholder Richard J. Tornetta sued Musk and the Tesla board after the package […]
Snowflake plunges almost 30% on slowing revenue growth
(CNBC) Snowflake shares dropped as much as 30% in extended trading on Wednesday after the data-analytics software company reported the slowest revenue growth since at least 2019. To read this article:
Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming
(CNBC) Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook. Powell said he sees a series of quarter-percentage-point increases coming, though he left open the […]
Bitcoin sanctions could be next, but most Russians won’t care
(CNBC) As Moscow’s war on Ukraine rages on and the Russian economy and currency spiral to new lows, Washington is reportedly trying out a new way to dial up the pressure on Putin: sanctions targeting cryptocurrencies like bitcoin and ethereum. […]
Mortgage rates plunge just as home prices set another record
(CNBC) Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that means home prices are likely to continue surging. The average rate on the popular 30-year fixed mortgage had risen close to a […]