World
Washington’s ‘trigger-happy’ sanctions may push countries away from the dollar, says think tank
The U.S. has been “extremely trigger-happy” with stinging economic measures, and central banks may decide to diversify their portfolio of foreign reserves instead of relying heavily on the U.S. dollar, according to the co-director of the Institute for the Analysis of Global Security. “Central banks are beginning to ask questions,” said Gal Luft of the […]
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Japan’s Nikkei 225 rises more than 1%; Fed’s Powell vows tough action on inflation
Fed watch Fed Chair Powell said Monday that inflation is “much too high,” with the central bank set to “take the necessary steps to ensure a return to price stability.” “In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points […]
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Wall Street banks name their favorite Asia stocks — and Citi says one could have upside of 167%
Goldman Sachs and Citi name their favorite stocks picks in Asia-Pacific — and give some serious upside potential. Source
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Accused bitcoin launderers in plea talks with prosecutors, court documents say
Booking photos for Heather Morgan and Ilya Lichtenstein. Courtesy: Alexandria Adult Detention Center. Federal prosecutors on Monday said they were in plea negotiations with a New York couple recently arrested on charges of trying to launder $4.5 billion worth of stolen bitcoin cryptocurrency. The talks were cited in a request by prosecutors asking a judge […]
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Stock futures are flat after Powell says bigger hikes may be needed to fight inflation
Stock futures were flat in overnight trading after Federal Reserve Chair Jerome Powell said the central bank is open to higher rate hikes to combat rising inflation. Futures on the Dow Jones Industrial Average rose 10 points, while S&P 500 futures Nasdaq 100 futures were flat. Nike shares rose 6% in extended trading on Monday […]
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Oil is likely to remain volatile and expensive as world deals with supply shortages
A general view shows Marathon Petroleum’s oil refinery, following Russia’s invasion of Ukraine, in Anacortes, Washington, March 9, 2022. David Ryder | Reuters Oil prices are racing higher again and are expected to see more sharp spikes and sudden dips as the world deals with potential supply shortages. For consumers, that means a longer period […]
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Nike shares rise as earnings top estimates on strong North America demand
A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike on Monday reported earnings and sales for the fiscal third quarter that topped analysts’ estimates, thanks to robust demand in North America as consumers headed back to stores. […]
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Koch Industries’ campaign donations questioned after company’s decision to remain in Russia
More than two dozen U.S. lawmakers received roughly $110,000 in campaign contributions from Koch Industries in the weeks leading up to Vladimir Putin’s attack on Ukraine — money some ethics lawyers say should be returned given the company’s decision to maintain operations in Russia. U.S. lawmakers are being scrutinized for accepting campaigns contributions from the […]
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General Motors is creating an import business to send certain iconic vehicles to China
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors is creating a new China-based premium import business focused on sales of high-margin, “iconic vehicles” from the U.S. The […]
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Buy like Buffett: These stocks have similar qualities as the insurance name Berkshire just bought
For those wanting to be a great value investor like Buffett, here are the stocks with similar characteristics as the one he just bought. Source
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