WASHINGTON — Conservative Justice Amy Coney Barrett appeared to lose patience last week with the right-wing narrative that the Biden administration had unlawfully coerced social media companies to remove politically charged content. In authoring the Supreme Court’s ruling that threw out a lawsuit brought by Republican-led states and several disgruntled social media users, Barrett took […]
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. The central bank on Wednesday will release the results of its annual bank “stress tests” which assess how […]
(Bloomberg) — Japan’s record share market rally earlier this year is looking like a distant memory as foreign investors sell off stocks in a sluggish economy. Most Read from Bloomberg Citigroup Inc. and abrdn Plc are among banks that have turned more pessimistic toward the nation’s equities as the outlook for corporate governance reform and […]
BARKER — Residents and officials are cautiously optimistic as the first steps are taken to develop a proposed “short sea” shipping corridor in the town of Somerset. The Hamilton-Oshawa Port Authority (HOPA) previously said it reached an agreement with the owner of the decommissioned Somerset Generation Station to build a new Lake Ontario shipping corridor […]
(Reuters) – U.S. stock index futures retreated on Friday, with the S&P 500 and the Nasdaq pulling back after consecutive record highs as investors weighed hawkish Federal Reserve projections against the backdrop of a cooling economy. The S&P 500 and the Nasdaq notched record closing highs for the fourth consecutive session on Thursday, as technology […]
A cooler-than-expected reading on inflation Wednesday was good news for Fed policy makers, but it isn’t likely enough to convince officials to cut interest rates just yet. The question it does raise for today’s Federal Open Market Committee meeting is whether the moderation influences some officials to reduce a prior estimate of three cuts for […]
By Davide Barbuscia NEW YORK (Reuters) – The BlackRock Investment Institute said on Monday it was cautious on long-term U.S. Treasuries ahead of the November presidential elections as investors will likely ask for more compensation to hold them because of wide fiscal deficits. “We stay overweight U.S. stocks before the U.S. election yet cautious on […]
Starbucks (NASDAQ: SBUX) recently reported disappointing first-quarter results, sending shares plunging by more than 15%. I’m rather bullish for the long term, so I decided to finally buy the stock, but as I discuss in this video, there is one big reason investors should be cautious with this one. *Stock prices used were the morning […]
Top dividend stock Enterprise Product Partners (EPD) is back in the spotlight, boasting an impressive 7.2% yield alongside improving fundamentals. X Operating as a master limited partnership, or MLP, Houston-based Enterprise Products controls over 50,000 miles of crude oil and natural gas pipelines. It also maintains natural gas storage facilities and processing sites. Since Enterprise […]
EU leaders are in Brussels on Thursday to explore new ways to support Ukraine against the full-scale Russian invasion with a plan to fund arms purchases with the proceeds of frozen Russian assets under scrutiny. Multiple European Union leaders stressed their commitment to supporting Ukraine upon arrival to the summit but caution surrounds the plan. […]
AUSTIN, Texas – In 2019, a toxic blue-green algae bloom sickened and killed several dogs in Austin. It’s returned every year since, never really leaving the minds of dog owners. “I know this area can sometimes have algae in the area, and those are the days I usually avoid coming,” said Abe Parbataneni, a dog […]
The UK chancellor has said he “won’t take any risks” with the British economy at the budget as he looked to taper expectations around tax cuts. Jeremy Hunt told The Sunday Telegraph that bringing down the current tax burden is a “long path”. He also confirmed that the financial forecasts setting out how much so-called […]