Feeling trapped by your cell phone plan? It’s possible to cut the cost without cutting the cord.
Defensive dividend stocks can help your portfolio ride out a market downturn. The post 2 Defensive Dividend Stocks to Buy in a Volatile Market appeared first on The Motley Fool Canada.
DAVOS, Switzerland (AP) — Kremlin critic Bill Browder wants governments to step up efforts to get to the riches squirreled away by Russian oligarchs and linked to President Vladimir Putin by forcing the accountants, lawyers and others who set up murky legal and financial structures to become whistleblowers. Browder, author of the nonfiction best-seller “Freezing Order: “A True Story of Money Laundering, Murder and Surviving Vladimir Putin’s Wrath,” says Russia’s war in Ukraine has increased atte
The Russian parliament gave preliminary approval Tuesday to a bill that would allow the government to appoint new management of foreign companies that pulled out of Russia after its invasion of Ukraine. According to the state news agency Tass, the new law would transfer control over companies that left Russia not for economic reasons but because of “anti-Russian sentiment in Europe and the U.S. Tass said foreign owners would still be able to resume operations in Russia or sell their shares. Many
PARIS (AP) — The lone survivor of a 2009 plane crash in the Indian Ocean took the stand Monday in a Paris courtroom, recounting her ordeal as a 12-year-old girl hearing screams, clinging to floating debris and desperately hoping that her mother was still alive. Bahia Bakari's mother was among 152 people who died on the flight operated by Yemen Airways, which is now known as Yemenia. Composed throughout her testimony, Bakari cried as she mourned her mother's loss. Others in the courtroom broke do
European Central Bank President Christine Lagarde openly admitted for the first time what investors had already been betting on for a while: negative interest rates, a eurozone feature for eight years, will most likely be gone by the end of summer. With inflation running at a record 7.4% in the euro zone and money markets pricing over 100 basis points of hikes by end-2022, the candid tone of Lagarde's announcement was perhaps the most surprising news for investors. Government bond yields firmed, the euro rose and Lagarde will have a chance to give more details when she speaks at Davos after a fresh batch of indicators on European business activity.
Multiple threats to the global economy topped the worries of the world's well-heeled at the annual Davos think-fest on Monday, with some flagging the risk of a worldwide recession. Among the major threats to economic growth, IMF First Deputy Managing Director Gita Gopinath told Reuters that the conflict in Ukraine could escalate, adding: "You could have sanctions and counter sanctions." IMF Managing Director Kristalina Georgieva said the war, tighter financial conditions and price shocks - for food in particular - have clearly "darkened" the outlook in the month since the IMF cut its global growth outlook, though she is not yet expecting a recession.
State officials and manufacuturers are working out whether baby formula imported from outside the United States to address severe supply shortages will be available to families who rely on government discounts to make it affordable, a U.S. Department of Agriculture (USDA) official said on Tuesday. About 1.71 million infants were enrolled in the program in 2018 - less than half of all U.S. infants - according to USDA, which administers the program.
(Reuters) -JPMorgan Chase & Co lifted its forecast for interest income and affirmed its profitability target at its investor conference on Monday, sending its stock 6% higher despite persistent questions about how much more it will spend on its businesses. The country's largest lender said it expects net interest income (NII), excluding markets, of $56 billion in 2022. Investors are keeping a close eye on the prospects for banks to earn more from net interest income, the difference between income from loans and interest paid on deposits and other funds, as they benefit from higher interest rates.
Snap Inc shares plunged more than 40% and sparked a sector-wide selloff on Tuesday after a profit warning from the Snapchat parent signaled tough times ahead for the once-booming digital ad industry. The company was on track to lose $15 billion in market capitalization, while shares of major online advertisers and social-media firms were set to lose a combine $200 billion in value from the rout. Snap said on Monday it was expecting to miss quarterly revenue and profit targets set just a month earlier and would have to slow hiring and lower spending.
The companies signed up for $10.5 billion in new loans, leases and lines of credit, compared with $9.3 billion a year earlier. "Soaring energy prices and inflation are headwinds confronting the industry as we move into the summer months," said Ralph Petta, ELFA's chief executive officer, in a statement. ELFA, which reports economic activity for the nearly $1-trillion equipment finance sector, said credit approvals totaled 77.4%, down from 78.3% in March.
ATLANTA/ SAN FRANCISCO (Reuters) -U.S. central bankers broadly back two more big interest rate hikes in June and July, but what happens after is a matter of intense internal debate that turns in large part on differing views of how price pressures will play out in months ahead. To Atlanta Fed President Raphael Bostic, once the Federal Reserve has delivered half-of-a-percentage point rate hikes as Chair Jerome Powell has signaled, "a pause in September might make sense." "I think a lot of it will depend on the ground dynamics that we are starting to see" both of the inflation the Fed is trying to contain and the impact of higher interest rates on the economy, he told the Rotary Club of Atlanta on Monday.
Start saving and investing regularly in your TFSA to grow your savings more quickly to $10,000 and beyond! The post How to Turn a $50 TFSA Into $10,000 appeared first on The Motley Fool Canada.
BMW is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural gas, the carmaker's production chief told Reuters on Monday, warning an embargo on Russian gas would bring the industry to a standstill. The carmaker, which relied on natural gas for 54% of its energy consumption in 2021, is examining where it can add solar panels to its plants and developing plans with local authorities to transport hydrogen to its plant in Leipzig, Germany. "Hydrogen is very well-suited to lower or even fully compensate for gas demand," Milan Nedeljkovic said.
(Reuters) -JPMorgan Chase & Co lifted its forecast for interest income and affirmed its profitability target at its investor conference on Monday, sending its stock 6% higher despite persistent questions about how much more it will spend on its businesses. The country's largest lender said it expects net interest income (NII), excluding markets, of $56 billion in 2022. Investors are keeping a close eye on the prospects for banks to earn more from net interest income, the difference between income from loans and interest paid on deposits and other funds, as they benefit from higher interest rates.
BRUSSELS (AP) — The European Union has moved to prolong looser limits on spending by member countries for an extra year in a bid to counter the economic fallout from Russia’s war in Ukraine. The European Commission recommended on Monday suspending the EU’s regular rules on national budget discipline through 2023. The 27-nation bloc’s executive arm said member countries need the longer fiscal flexibility to tackle heightened economic risks since the Russian invasion on Feb. 24. The EU deactivated
Shares of U.S. retailers and consumer-oriented stocks took a beating last week, but may not yet be low enough to tempt long-term investors who remain worried about whether surging inflation will continue to hurt corporate bottom-lines and cause shoppers to cut back. Last week, consumer staples dived 8.6% and consumer discretionary tumbled 7.4%, the biggest declines of any S&P 500 sectors, with inflation hammering corporate results. Shares of some companies fared far worse, with Walmart swooning 19.5% for the week and Target plunging 29% after disappointing results.
Seattle-based Starbucks has 130 stores in Russia, operated by its licensee Alshaya Group, with nearly 2,000 employees in the country. Starbucks' decision to wind down its operation in Russia is different to the approach some other foreign companies have taken. McDonald's last week said it was selling its restaurants in Russia to its local licensee Alexander Govor to be rebranded under a new name, but will retain its trademarks, while France's Renault is selling its majority stake in Russia's biggest carmaker with an option to buy back the stake.
Also sworn in on Monday were Lael Brainard as the Fed's new vice chair, and the two newest members of the Fed's Board of Governors, Philip Jefferson and Lisa Cook, who are both Black economists, the Fed said in a statement. Powell was nominated for his first term as Fed chief by former President Donald Trump, then was chosen by President Joe Biden last November to serve another four years.
(Reuters) -A small group of Activision Blizzard workers voted for unionizing at a studio that works on the popular "Call of Duty" franchise, the second victory in a push to organize the video gaming industry. Employees in the quality assurance department at Raven Software in Middleton, Wisconsin, voted 19-3 for joining the Communications Workers of America (CWA), according to a tally by U.S. National Labor Relation Board (NLRB) officials on Monday. The union must still bargain and reach a deal on a contract with Activision.
HOUSTON (Reuters) -British proxy adviser PIRC on Monday urged Exxon Mobil Corp shareholders to vote against the re-election of five directors, including Chairman Darren Woods, at an annual general meeting on Wednesday. PIRC, or Pensions & Investment Research Consultants, is the latest proxy firm to urge investors to oppose proposals by the oil major's board. PIRC said Woods, which also serves as chief executive officer, should be held accountable as chairman for assuring the company's strategy to meet Paris-aligned goals to reduce carbon emissions.
Yahoo Finance