The UK government is coming under fresh pressure to provide financial support for the manufacturing sector amid warnings that some factories will have to shut down because of spiralling gas prices. Ministers are increasingly concerned about the prospects for the steel, chemicals and ceramics industries, which are highly exposed to a global wholesale gas price
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Henry Kravis and George Roberts, whose swashbuckling leveraged buyouts of the 1980s made them the face of the private equity industry, are stepping down as co-chief executives of KKR, the eponymous firm they founded in 1976. The firm’s longtime co-presidents, Scott Nuttall and Joe Bae, will together take the helm, KKR said on Monday. Kravis
Micron Technology, Inc. (MU) provides innovative memory and storage solutions. Through its subsidiaries, the company manufactures and markets DRAM, NAND, and NOR memory and storage products. Let’s take a look at Micron’s recent Q4 performance and understand what has changed in its key risk factors that investors should know. Micron’s Q4 revenue jumped 36.6% year-over-year
Take a look at some of the biggest movers in the premarket: Southwest Airlines (LUV) – The airline canceled more than 1,800 flights over the weekend, citing bad weather, air traffic control issues and staff shortages. Southwest disputed speculation that its high level of cancellations compared to other airlines was due to employee protests of
Sharing is Caring! by Michael Snyder Do you remember how much optimism there was last January? Many Americans were entirely convinced that really bright days were just around the corner, but instead things have taken a dramatic turn into the dumpster over the last 9 months. The Afghanistan debacle was the worst foreign policy embarrassment
This newly built house in Toronto’s Lytton Park may be the freshest face on the block, but it looks right at home. The Georgian-inspired three-story is in keeping with the classic styles of existing houses in the community. Once farmland and a rural suburb of Toronto, the neighborhood was originally made up of mostly Georgian
Nayib Bukele, president of El Salvador, announced yesterday he will start using surplus funds from the country’s bitcoin trust. Part of the $4 million excedent will be invested in a vet hospital that will offer different services for the pets of Salvadoran citizens. Bukele explained this is possible due to the bitcoin price increase in
Financial planning has struggled to emerge as a true profession. This is in part because some of the most powerful voices in financial services would still rather relegate the practice as a means to the end of product sales rather than advice as an end unto itself. Indeed, with the financial services industry cited as
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold and silver are heading into the new week flat. The yellow metal is trading at $1755/oz while silver trades
Moves from here will be big and fast, so if you are on the wrong side of the market, it can… by Chris Vermeulen of The Technical Traders Everyone wishes they knew where the stock market was going to go next. What sector is going to rally? When is the subsequent market sell-off? When and
U.S. Senator Ted Cruz believes The United States should be using natural gas to mine Bitcoin instead of flaring it. Speaking during the Oct. 8 Texas Blockchain Summit, Senator Cruz asserted that Bitcoin mining can be used to monetize energy created through oil and gas extraction rather than burning it, arguing that there is “enormous
Student loan forgiveness programs can make repaying education debt on a teacher’s salary easier. There are several programs that offer federal student loan forgiveness just for educators. “Teachers have more loan forgiveness opportunities than almost any other occupation and taking advantage of these easy-to-enroll-in programs can save hard-working teachers hundreds to thousands of dollars,” says
Japan’s university endowment fund, the world’s biggest with $90bn of capital, has managed to hire only a single fund manager with just months to go before its launch, despite enjoying the explicit backing of new prime minister Fumio Kishida. Established in a desperate attempt to make Japanese scientific research globally competitive, the fund’s failure to
Divisions between the US and Europe over whether Kristalina Georgieva should remain in her post as the IMF chief are set to overshadow the fund’s flagship annual meetings this week as Washington wants her to go but European powers are more inclined to let her stay. Georgieva’s position as the fund’s managing director has come
Kepler Capital analyst Arnaud Girod maintained a Buy rating on Universal Music Group (UMGNF – Research Report) on October 6 and set a price target of EUR27.50. The company’s shares closed last Friday at $29.00, close to its 52-week high of $29.04. According to TipRanks.com, Girod is a 3-star analyst with an average return of
By the end of next year, at least five countries will have accepted bitcoin as legal tender, the CEO of cryptocurrency exchange Bitmex has predicted. He cited three key reasons why he arrived at this conclusion. “Developing countries will jump into crypto in 2022,” he said. More Countries Will Adopt Bitcoin as Legal Tender The
In recent articles, I have lamented poorly designed components of the Reconciliation Bill, from a poorly-designed “free childcare” program to a family leave plan that’s designed to be “free” rather than funded by the workers who benefit, to a Medicare drug benefit that’s planned to be implemented at the same time as Part A Medicare
[embedded content] (Kitco News) - Ethereum is going to be the next cryptocurrency to explode to the upside, Frank Holmes, CEO, and CIO of U.S. Global Investors predicts. Ethereum, the second most-valuable cryptocurrency behind Bitcoin, is already up 830 percent for the past year. Holmes, who is also the Executive Chairman of HIVE Blockchain, spoke to
The era of abundance was only a short-lived artifact of the initial boost phase of globalization and financialization… by Charles Hugh Smith via Of Two Minds The era of abundance was only a short-lived artifact of the initial boost phase of globalization and financialization. Global corporations didn’t go to all the effort to establish quasi-monopolies
The regulators are closing in. It’s one thing to unbundle market functions to their parts ― custody, aggregators and Prime Brokerage ― to satisfy institutional compliance departments. It’s another to keep regulators happy. From the Financial Action Task Force pushing forward with its guidance for Travel Rule compliance to the still-evolving European Markets in Crypto-Assets
The asset management industry has a number of career paths. Some require an advanced degree and one or more financial certifications. Here are the common paths that can take you to a job as a mutual fund manager, an analyst, or a financial advisor. Asset Management for a Mutual Fund or Wall Street Firm If
In this article GOOGL FB PTON Shannon Stapleton | Reuters Rising oil prices, the prospect of the Federal Reserve dialing back its easy-money policy and tension among lawmakers in Washington are just a few of the factors behind the latest bout of volatility in the markets. Top analysts are sticking by these names amid the
The Kremlin’s ambassador to the EU has called on Europe to mend ties with Moscow in order to avoid future gas shortages, but insisted that Russia had nothing to do with the recent jump in prices. Vladimir Chizov, Russia’s permanent representative to the EU, said he expected Gazprom, the state-controlled exporter that supplies 35 per
Metals tycoon Sanjeev Gupta has agreed a crucial financial restructuring of his Australian steelworks and will inject £50m in fresh funding into his UK plants, ending months of uncertainty for thousands of workers. The agreements will provide a much-needed breathing space for Gupta, who has been racing to find new funding for his global metals
Facebook (FB) stock has been on a remarkable run since its public debut in 2012. Showing dominance in the online advertising space, shares of the company have surged more than 850% over this time frame. Alphabet’s Google (GOOGL), combined with Facebook, make for a veritable duopoly in the U.S. online advertising space. There’s reason for
Sharing is Caring! by CrsCrpr In a press conference Friday, October 08, White House press secretary Jen Psaki said that 80% of American people were vaccinated: And because of the rise of the delta variant, because of the fact that even though it was a vaccine approved under a Republican administration, even though we now
Sri Lanka’s leading online retailer, Kapruka, has unveiled plans to introduce support for cryptocurrency payments. The news comes as the South Asian country intensifies efforts to adopt legislation tailored to regulate its blockchain space and attract investments from the crypto industry. Kapruka to Launch Cryptocurrency Payments Within Weeks Kapruka (Kapruka.com), a major e-commerce platform in
Today’s column addresses questions about how divorced spousal benefits are calculated, how state pensions can affect spousal benefits and whether COLAs apply to widow’s benefits taken years after the record holder’s death. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask
The Senate appears poised to reach a bipartisan deal for a short-term increase of the debt ceiling to avoid a market-roiling U.S. default. Senate Minority Leader Mitch McConnell, R-Ky., Wednesday broke a weeks-long standoff on the issue by saying that Republicans would not filibuster a Democrat-led bill to raise the debt ceiling, assuming he can
Stocks closed in the red on Friday as investors digested a key report on the labor market’s recovery. Luke Tilley, Wilmington Trust Chief Economist and Jon Maier, CIO at Global X ETFs joined Yahoo Finance Live to discuss. Video Transcript [MUSIC PLAYING] SEANA SMITH: Just about a minute to go here until we wrap up