A US crackdown on banks financing trade in goods for Vladimir Putin’s invasion of Ukraine has made it much more difficult to move money in and out of Russia, according to senior western officials and Russian financiers. Moscow’s trade volumes with key partners such as Turkey and China have slumped in the first quarter of…
Maksym Isachenko/iStock via Getty Images Introduction It’s time to talk about the largest iron ore producer in the world. That company is Vale S.A. (NYSE:VALE), a miner I have covered multiple times in the past, as it serves as a fantastic proxy for iron ore. On top of that, it has an elevated dividend yield…
claffra As we head into what promises to be a wildly volatile year on the political scene, it’s time to examine one of the key factors influencing the direction of both the U.S. economy and the financial market, namely energy prices. Oil and gasoline prices can be viewed as barometers of consumer strength or weakness,…
lersan8910 Listen below or on the go on Apple Podcasts and Spotify Albemarle (ALB), lithium names plunge as supply storm merges with weakening demand. (00:25) SolarWinds (SWI), chief information security officer charged with fraud by SEC. (01:52) Jabil (JBL) to produce, sell Intel’s (INTC) silicon photonics components. (02:48) This is an abridged transcript of the…
Portra/E+ via Getty Images A COVID Story You couldn’t write a better story if you tried. Imagine this: an airborne virus pandemic sweeps the globe, and you’re the CEO of a household-name disinfectant company. What could go wrong? Well, if you’re Clorox (NYSE:CLX), a lot. After surging more than 60% while the broader S&P 500…
tadamichi By Blu Putnam At a glance When the dollar is on the rise, commodities can have trouble rallying. Weak demand from China and a resilient U.S. dollar have acted as headwinds for copper. Many commodity prices have been in a slump for most of 2023. Weak economic activity in China gets a large part…
To enhance profitability and mitigate the impact of cyclical downturns, Samsung is focusing on advanced memory chips, particularly high bandwidth memory chips that are crucial for AI servers and processors. Samsung Electronics, the South Korean tech giant, released its preliminary earnings guidance for the third quarter (Q3 2023), indicating a notable 77.9% drop in operating…
artisteer/iStock via Getty Images Introduction Coty (NYSE:COTY) concluded its fiscal year 2023 on a high note, marked by a robust Q4 performance and exceptional results for the entire year. The company’s journey toward financial recovery, exemplified by a reduction in debt, harmoniously aligned with its commitment to continuous innovation, resulting in the expansion of market…
jhorrocks/E+ via Getty Images Listen below or on the go on Apple Podcasts and Spotify U.S. home sales see first monthly slump since April while long-term mortgages exceed 7%. (00:34) China Evergrande (OTC:EGRNF) files for Chapter 15 bankruptcy in New York. (01:58) CVS Health (CVS) says no near-term impact from PBM contract loss. (02:24) This…