Share to FacebookShare to TwitterShare to LinkedinTopline What might be a lost painting by Pablo Picasso was spotted at the home of Imelda Marcos, the former first lady of the Philippines and the widow of dictator Ferdinand Marcos–who allegedly embezzled billions of dollars from the Philippines before he was ousted–after her son Ferdinand Marcos Jr.…
Bank of America has put together a list of what it calls attractive inflation-protected-yield stocks. “With cash moving from worthless to yielding 3%-plus next year … amid [Federal Reserve interest-rate] hiking, we prefer companies that have strong free cash flow or distribute cash to shareholders,” Bank of America strategists wrote in a commentary. “But in…
The world watched another game of business news ping pong on May 13, as Tesla billionaire Elon Musk said he was freezing his deal to buy Twitter and then hours later said he was still committed to the merger. It was yet one more chapter in an increasingly fraught series of negotiations over the fate…
The drama between Twitter (TWTR) – Get Twitter, Inc. Report and Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk refuses to vacate, but can anyone be surprised? Musk’s $54.20-a-share proposal to buy Twitter — equating to a $44 billion deal — has generated a ton of hype. Today, we see Tesla shares ripping and Twitter…
© Reuters. People cross a street during morning rush hour in front of the skyline of the central business district (CBD) in Beijing, China December 15, 2020. REUTERS/Thomas Peter BEIJING (Reuters) -China will not hesitate to introduce new policies to prop up growth, a senior Communist Party official said on Thursday, as the economy feels…
© Reuters. FILE PHOTO: Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in Washington, U.S., March 3, 2022. Tom Williams/Pool via REUTERS WASHINGTON (Reuters) -The U.S. Senate on Thursday is set to decide whether to give Jerome Powell a second term as head of the Federal Reserve, a vote that will likely…
© Reuters. FILE PHOTO: Debashis Dhara, a vegetable vendor, speaks on his mobile phone at a retail market area in Kolkata, India, March 22, 2022. REUTERS/Rupak De Chowdhuri By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – Rising food and energy prices pushed India’s annual retail inflation up towards an eight-year high in April,…
© Reuters. A person pushes purchases in a shopping cart in a supermarket in Brooklyn, New York City, U.S., March 29, 2022. REUTERS/Andrew Kelly By Howard Schneider and Lindsay (NYSE:LNN) Dunsmuir (Reuters) -The financial strength built up in U.S. households limited the damage from the coronavirus pandemic but may now be aggravating – and prolonging…
© Reuters. People carrying shopping bags walk inside the King of Prussia shopping mall, as shoppers show up early for the Black Friday sales, in King of Prussia, Pennsylvania, U.S. November 26, 2021. REUTERS/Rachel Wisniewski By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer price growth slowed sharply in April as gasoline eased off record highs,…
© Reuters. FILE PHOTO: Russian 100-rouble banknotes are placed on a cashier’s desk at a supermarket in the Siberian town of Tara in the Omsk region, Russia, December 14, 2021. Picture taken December 14, 2021. REUTERS/Alexey Malgavko/File Photo (Reuters) – Russia’s weekly inflation rate eased further in early May, data from statistics service Rosstat showed…
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