Biden and China's Xi to discuss Russia and Ukraine in Friday call: White House
Biden and China's Xi to discuss Russia and Ukraine in Friday call: White House
Biden and China's Xi to discuss Russia and Ukraine in Friday call: White House
President Joe Biden and Chinese President Xi Jinping will hold a call on Friday, the White House announced, in what will be the first conversation between the two leaders since Russia invaded Ukraine. Biden and Xi "will discuss managing the competition between our two countries as well as Russia's war against Ukraine and other issues of mutual concern," the White House said in a statement. Earlier this week, the Associated Press reported that Biden's national security adviser warned a top Chinese... Читать дальше...
Irish taoiseach tests positive for COVID at White House for St. Patrick’s Day
Irish Taoiseach, or Prime Minister, Micheál Martin tested positive for COVID-19 and had to abruptly leave a St Patrick's Day celebration at the White House late Wednesday, according to BBC News and other media reports. Martin was attending the Ireland Fund dinner, at which he was to be presented an international leadership award, and was seated beside House of Representatives Speaker Nancy Pelosi and other guests. Martin was replaced by Irish Ambassador to the U.S. Dan Mulhall, who delivered his speech on his behalf. Читать дальше...
Bank of England lifts interest rates by quarter-point to 0.75%
Jha to replace Zients as White House coronavirus response coordinator
President Joe Biden named Dr. Ashish Jha as new White House COVID-19 Response Coordinator on Thursday, replacing Jeff Zients who has held that position for the last 14 months. Jha, dean of Brown University's School of Public Health, is "a well known figure to many Americans from his wise and calming public presence," Biden said in a statement. Biden also thanked Zients for his work, noting that when he took on the role, less than 1% of Americans were fully vaccinated, fewer than half the schools in the U.S. were open... Читать дальше...
Ayr Wellness Inc. said Thursday it swung to fourth-quarter net income of $23.79 million, or 35 cents a share, from a loss of $951,843, or 3 cents a share, in the year-ago quarter. The latest period included a $52.95 million fair value gain on financial liabilities. The Miami-based cannabis company posted a fourth-quarter operating loss of $13.9 million, compared to operating income of $6.7 million in the year-ago quarter. Revenue more than doubled to $111.8 million from $47.8 million. Revenue also rose 16% from the third quarter. Читать дальше...
Warby Parker Inc. shares sank 12.4% in Thursday premarket trading after it reported a wider-than-expected fourth-quarter loss. The eyewear retailer posted a net loss of $45.9 million, or 41 cents per share, after a loss of $4.3 million, or 8 cents per share, last year. The FactSet consensus was for a loss of 9 cents per share. Warby Parker attributed the wider loss to a $31.6 million increase in stock-based compensation expenses and other related payroll taxes. Revenue of $132.9 million was up... Читать дальше...
Signet Jewelers Ltd. shares rose 8.4% in Thursday premarket trading after the company reported fourth-quarter sales that beat expectations and raised its dividend. The jewelry retailer posted net income of $305.7 million, or $4.91 per share, up from $245.7 million, or $4.12 per share, last year. Adjusted EPS of $5.01 was in line with the FactSet consensus. Sales of $2.811 billon were up from $2.187 billion and ahead of the FactSet consensus of $2.774 billion. Same-store sales grew 23.8%, ahead of the FactSet consensus for 22% growth. Читать дальше...
Berkshire Hathaway Inc. has increased its common stock ownership position in Occidental Petroleum Corp. to 136.37 million shares or 14.6% of the oil and gas company, according to a filing on Wednesday. Based on a closing price of $52.99 on Wednesday, Berkshire Hathaway's stake in Occidental Petroleum is worth about $7.23 billion. Berkshire Hathaway, which is controlled by billionaire Warren Buffett, acquired 18.1 million shares of Occidental Petroleum in seven separate transactions between Monday... Читать дальше...
Treasury yields pull back from nearly 3-year highs early Thursday as investors assessed the Federal Reserve's decision a day earlier to hike interest rates and lay out a path for further monetary tightening.
Dollar General Corp. shares rose 5.4% in Thursday premarket trading after it gave upbeat guidance for the next fiscal year. The discount retailer posted net income of $597.4 million, or $2.57 per share, down from $642.7 million, or $2.62 per share, last year. Sales of $8.651 billion were up from $8.415 billion last year. The FactSet consensus was for EPS of $2.57 and sales of $8.707 billion. Same-store sales fell 1.4%, wider than the FactSet consensus for a 0.8% decline. For fiscal 2022, Dollar General's outlook is for sales growth of 10%... Читать дальше...
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The shockwaves are still being felt by the incredible Western sanctions on Russia that have rendered the $630 billion in reserves the Russian central bank accumulated virtually unusable.
It's time to revisit how much of your investments should be in bonds vs. equities
A rise in COVID-19 cases in Europe driven by the highly contagious omicron variant is fueling concerns that it will be followed by a new wave of cases in the U.S., which has typically lagged Europe by a matter of weeks. Europe is seeing a fresh rise in cases that involves a subvariant of omicron dubbed BA.2, which is also spreading in the U.S. where it accounted for about 23.1% of all COVID cases in the U.S. in the latest week, according to the CDC, up from 13.7% a week ago. Eric Topol, founder... Читать дальше...
AllianceBernstein L.P. and AllianceBernstein Holding L.P. said Thursday they are acquiring CarVal Investors L.P., a private alternatives investment manager with about $14.3 billion in assets under management, mostly in the areas of distressed credit, renewable energy infrastructure, specialty finance and transportation investments. AllianceBernstein will pay $750 million upfront and make earnout out payments over the coming years if certain targets are met. The deal is expected to close in the second quarter. Читать дальше...
These companies have long records for raising dividends, providing comfort for investors as rising interest rates lead to stock-market jitters.
Oil prices were sharply higher on Thursday, after several days of losses amid escalating violence in Ukraine.
Yum China Holdings Inc. said Thursday its board has increased its share buyback authorization by $1 billion, raising the total to $2.4 billion. Shares were slightly higher premarket, but have fallen 29% in the last 12 months, while the S&P 500 has gained 10%.
Читать дальше...It's never too early to get in the rewards game, but if you’ve never had a credit card before, can you get a travel credit card?
The 2022 Kia EV6 is possibly the boldest and most exciting move Kia has made. It's sleek, sharp, and really doesn't even look like a Kia.
Investment performance is important, but there's so much more
If you're dabbling in online dating, here are a few tips from experts and some wisdom from people who have found new partners.
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