There's no question that Crocs (NASDAQ: CROX) is firing on all cylinders right now. While the business has not shown any signs of slowing down, especially in the uncertain economic environment we're in today, the stock has slumped 67% from mid-November. As of May 13, Crocs' shares are selling for a ridiculously cheap price-to-earnings ratio of just over five.
U.S. farmers have cut back on using common weedkillers, hunted for substitutes to popular fungicides and changed planting plans over persistent shortages of agricultural chemicals that threaten to trim harvests. Spraying smaller volumes of herbicides and turning to less-effective fungicides increase the risk for weeds and diseases to dent crop production at a time when global grain supplies are already tight because the Ukraine war is reducing the country's exports. Interviews with more than a dozen chemical dealers, manufacturers, farmers and weed specialists showed shortages disrupted U.S. growers' production strategies and raised their costs.
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PHOENIX (AP) — The skies over a scattering of Western U.S. cities will stay dark for the third consecutive Fourth of July as some major fireworks displays are canceled again this year — some over wildfire concerns amid dry weather and others because of enduring pandemic-related staffing and supply chain issues. Phoenix canceled its three major Independence Day displays because it couldn't obtain professional-grade fireworks. Shows in several other cities around Phoenix are still on. “Unless you’
COLOMBO, Sri Lanka (AP) — Sri Lanka is sending two government ministers to Russia to negotiate for fuel — one of the necessities nearly exhausted as a result of the Indian Ocean nation's economic collapse. The plan comes as Washington and its allies aim to cut off energy imports from Russia in line with sanctions over its war against Ukraine. Since its invasion in late February, global oil prices have skyrocketed, prompting a number of countries to seek out Russian crude, which is being offered
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Reuters and Dow Jones on Monday brought a motion to unseal records in the U.S. case against China's ZTE Corp, arguing there is a right to access and that secrecy does not serve the public interest. ZTE, one of the world's top telecommunications equipment makers, pleaded guilty in 2017 to conspiring to violate U.S. export laws by illegally shipping U.S. goods to Iran.
Lockheed Martin Corp won a $2.3 billion contract to build at least 120 H-60M Black Hawks as the U.S. military continues its search for a next-generation helicopter, the Pentagon said on Monday. The five-year contract includes options for an additional 135 aircraft which will be available to the Army as well as other U.S. agencies and allies, pushing the potential total contract value to $4.4 billion with options, the Army said in a statement. "This multi-year agreement allows the Army to meet current and future capability needs through upgrades, remanufacturing, replacement, and technology insertions," said Colonel Calvin Lane, the Utility Helicopters project manager.
HONG KONG (Reuters) -In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status as a financial hub, and some of the city's top executives are banking on a bright future as the territory remains a crucial springboard for investment into mainland China. Charles Li, former chief executive of bourse operator Hong Kong Exchanges and Clearing (HKEX) and founder of microfinance platform Micro Connect, said that although he believes the next 25 years will be "very different", he's optimistic.
The energy sector pullback has rattled Canadian investors because of its impact on the broader economy, but it might be too soon to give up on oil stocks just yet. The post Is it Time to Sell Oil Stocks? appeared first on The Motley Fool Canada.
Empty shelves and prices discounted by as much as 70% greeted shoppers who visited Decathlon stores in Russia over the weekend before the French sports equipment retailer closed its stores on Monday, hampered by supply constraints. Scores of Western brands have left Russia following a backlash against its military incursion into Ukraine, with McDonald's, IKEA and Renault among the more high-profile. One shopper, Lyubov, said Decathlon's departure was "sad", but was adamant that Russian consumers would cope.
Hong Kong (Reuters) -China Evergrande Group, the world's most indebted property developer, on Tuesday said it will "vigorously" oppose a winding-up lawsuit filed against it, and that the petition will not impact its restructuring plan or timetable. Evergrande confirmed the filing by investment holding firm Top Shine Global Ltd in Hong Kong for not fulfilling a financial obligation of HK$862.5 million ($109.91 million). In such a scenario, it said, any transfer of shares by shareholders or potential investors on or after June 24, when the petition was filed, would be void.
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China will roll out tools in its policy reserve in a timely way to cope with more economic challenges, as COVID-19 outbreaks and risks from the Ukraine crisis pose a threat to employment and price stability, a state planner official said on Tuesday. The government will implement its existing support measures while improving its policy toolbox, Ou Hong, deputy secretary general at the National Development and Reform Commision, told a news conference. New policy support, depending on the circumstances, can be rolled out in a timely manner, he said.
Freeland in an interview on Rosemary Barton Live said she has to strike a balance between helping people in Canada suffering from the effects of inflation and pursuing a policy of fiscal restraint, or risk making the cost of living problem worse. When asked about Canada's ability to weather global economic uncertainty, Freeland "maintained an upbeat tone," saying that the "challenge is not over, but I truly believe that we're going to get through this together," according to the report.
TORONTO — Five things to watch for in the Canadian business world in the coming week: Markets Stock markets have been on a wild ride in recent weeks as they have come off their highs of earlier this year amid higher interest rates, growing inflation and fears of a possible recession. Investors will be watching to see what this week will bring as markets head into what is traditionally the slower summer months. Kinross update Kinross Gold Corp. is expected to hold a virtual review session Tuesday
Contracts to buy U.S. previously owned homes unexpectedly increased in May after declining for six straight months, but higher mortgage rates are cooling demand for housing. The National Association of Realtors (NAR) said on Monday its Pending Home Sales Index, based on signed contracts, rose 0.7% last month to 99.9, rebounding from a two-year low in April. Pending home sales increased in the Northeast and the densely populated South, but fell in the West and Midwest.
Blackline Safety Corp. (TSX:BLN) stock has struggled in the year-over-year period, but there are some positives to glean from its earnings. The post Is Blackline (TSX:BLN) Stock Worth Your Attention in 2022? appeared first on The Motley Fool Canada.
GARMISCH-PARTENKIRCHEN, Germany (AP) — Leaders of the world’s biggest developed economies are weighing a cap on the price of Russian oil meant to strike at the main pillar of the Kremlin's finances following its invasion of Ukraine — and to limit the havoc that high energy prices are wreaking worldwide. Details haven't been agreed at the Group of Seven summit in Elmau, Germany, but the basic idea would be to tie the price cap to the services that make trading oil possible. For instance, insurers
WASHINGTON (AP) — Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union's second largest export industry after energy — gold. On Tuesday, the Group of Seven nations will formally announce a ban on Russian gold imports in the latest round of sanctions over Vladimir Putin’s invasion of Ukraine. The U.S. says Russia has used gold to support its currency as a way to circumvent
MONTREAL — Three years ago, Chris Nowrouzi’s private charter airline served mainly ultra-wealthy leisure travellers and the upper echelons of the corporate world. Now, 27 months into a global pandemic that closed borders and battered airlines, his Toronto-based FlyGTA caters to a broader swath of families and groups wary of the health risks and airport hassle of commercial air travel — and who have cash to spare. “After the pandemic definitely we saw an increase of numbers all across the board,”
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