The American financial services giant MSCI has long been a staple of investors’ portfolios. Many of the world’s largest money managers rely on MSCI’s equity, fixed income, and real estate indexes, as well as its analytics tools, and its ESG ratings, to operate each day. That favored position has made the company a powerhouse of […]
Pauly Shore is taking on the role of weight loss guru Richard Simmons. The actor and comedian, 55, portrays Simmons in a new short film called “The Court Jester,” which premieres at The Cabin in Park City, Utah, on Jan. 19 and then worldwide on YouTube later that night. Shore is also set to play […]
Jim Chanos and Elon Musk.Reuters and Getty Images Elon Musk wants more control of Tesla and says his equity stake isn’t a sufficient motivator. Jim Chanos called out Musk for threatening Tesla’s progress unless his voting rights are doubled. The short seller mocked Musk for comparing his personal stake to Fidelity and other funds’ holdings. […]
A disgraced former Russian mayor convicted over bribery has had his prison sentence cut short after signing a contract to fight with Russia’s military in Ukraine, local media reported. Oleg Gumenyuk, who served as mayor of the far eastern city and cultural hub of Vladivostok between 2018 and 2021, was convicted last year of accepting […]
A disgraced former Russian mayor convicted over bribery had his prison sentence cut short after signing a contract to fight with Russia’s military in Ukraine, local media reported Sunday. Oleg Gumenyuk, who served as mayor of the far eastern city and cultural hub of Vladivostok between 2018 and 2021, was convicted last year of accepting […]
Bank of America stock was falling after the bank’s earnings fell short of analyst expectations. BofA posted a fiscal fourth-quarter profit of $2.84 billion, or 35 cents a share, missing Wall Street’s call for a profit of $4.38 billion, or earnings of 53 cents a share. In the year-ago quarter, it posted a profit of […]
ARLINGTON, Va. — The U.S. Navy’s first Constellation-class guided-missile frigate will arrive late amid workforce shortages, a program official said Thursday. Fincantieri’s Marinette Marine shipyard in Wisconsin won a contract in April 2020 to build the first 10 ships. Construction on the first frigate began in September 2022, and four ships are now on contract. […]
A new housing initiative in Rochester aims to address the affordable housing crisis for a growing segment of New Hampshire’s population: older adults. This month, people will begin moving into Champlin Place, a new 65-unit apartment building with accessibility features, support staff and low monthly rent. Easterseals New Hampshire, which built and manages the new […]
(Bloomberg) — Spanish blood plasma firm Grifols SA tumbled after short seller Gotham City Research LLC published a report criticizing its financial reporting. Most Read from Bloomberg The stock sank 33% after a delayed start to trading in Madrid and its bonds also slumped. The company, which now has a market value of €5.8 billion […]
An oil pump jack pumps oil in a field near CalgaryReuters Investors have ramped up short bets on the price of Brent and WTI crude oil. The bearish bets largely stem from Saudi Arabia’s recent price cuts on its flagship crude product. Traders are also eyeing funds poised to sell around $2 billion of crude […]
(Bloomberg) — Soaring rents and cheap funding made blocks of US rental apartments seem like a “can’t miss” investment during the pandemic. Developers piled in to take advantage by constructing millions of the multifamily units, while investors snapped up older complexes to renovate them. Most Read from Bloomberg Since then, borrowing costs have surged, and […]
Social Security’s cost-of-living adjustment takes effect in January 2024, but researchers have found it lags behind price increases. Credit: Adobe Stock/steheap As the new year begins, retirees are getting a boost to their Social Security checks. But new data shows it’s not nearly enough to keep up with this year’s prices. The 2024 cost-of-living adjustment […]