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(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in place and Russia’s hard default deadline approaching in April, investors are particularly focused on the region’s sovereign debt — an area that Gramercy Funds has specialized in since its inception…
Making more money is great, but it doesn’t mean as much if you are having a harder time making ends meet. Although wages are rising, the prices consumers must pay for goods and services are rising faster — notching a new 40-year high in February. As a result, real inflation-adjusted average hourly earnings for the…
Westend61 | Getty Images The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But steering clear of stock market volatility may be a mistake, financial experts say. Two-thirds of Americans worry the conflict will hurt their wallets, with nearly half…
Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna CEO Stephane Bancel has sold $408 million in company stock since the beginning of the pandemic — averaging roughly $3.6 million a week — as the company’s stock soared on the development and rollout of its Covid vaccine, according to CNBC’s analysis of the company’s…
In this article WRBY A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker shares sunk in premarket trading Thursday after the eyewear retailer reported continued losses and said its sales were hurt during the holiday quarter due to the omicron variant of Covid-19, which…
In this article WSM LEN WRBY SIG ACN DG Check out the companies making headlines before the bell: Dollar General (DG) – Dollar General rallied 5% in the premarket after the discount retailer forecast better-than-expected full-year sales. Dollar General’s quarterly earnings of $2.57 per share matched forecasts, although revenue was slightly below estimates and same-store…
Daniel Zuchnik | WireImage | Getty Images Warren Buffett’s Berkshire Hathaway purchased an additional 18.1 million shares of Occidental Petroleum for almost $1 billion on the first three days of this week. An SEC filing Wednesday shows it paid a weighted average of $54.41 per share, a total of $985 million for the new shares. At Wednesday’s…
Nine-year-old student Roberto Nieves Fernandez studies personal finance topics on his laptop using online resource center SmartPath. SMARTPATH More states are requiring students to take personal finance education courses before they graduate high school. There are currently 23 states that mandate a personal finance course for students, according to the 2022 Survey of the States…
Note: This post was originally published on July 1, 2021 but has been updated to reflect the latest details on the global tax agreement. In recent years, countries have been debating significant changes to international tax rules that apply to multinational companies. Following a July announcement by countries involved in negotiations at the Organisation for Economic…
Loading chart… Crocs Inc. (Crox): “I’m going … against the bears.” Loading chart… Nutrien Ltd (NTR): “If you still like that segment, I was just — [AGCO Corporation] or [Deere & Co], which I think is going to burrow its way through $400 [per share].” Loading chart… Coterra Energy Inc: “It’s got a 9% yield,…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Jan. 26. Text removed from the January statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both…
skynesher Bond investors are watching as the Federal Reserve raises interest rates for the first time since 2018 to combat surging prices. Annual inflation rose by 7.9% in February, a new 40-year high, affecting everyday costs like groceries, housing and gasoline. The central bank’s quarter-point increase on Wednesday may set the stage for future hikes,…