Author: Press Room

We previously covered Star Bulk Carriers (NASDAQ:SBLK) in December 2023, discussing its excellent intermediate-term prospects through the sustained fleet renewal, moderating net debt situation, and the promising dry bulk outlook through 2024. With the global economy already in its down cycle, we believed that there might be an excellent upside potential to the intermediate-term demand recovery for dry bulk commodities. In this article, we shall discuss why SBLK remains a viable dividend investment thesis, with the higher TCE rates likely to boost its adj EBITDA generation and eventually, its quarterly dividend payouts through Q3’24. At the same time, the merger…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The US is pushing allies in Europe and Asia to tighten restrictions on exports of chip-related technology and tools to China amid rising concerns about Huawei’s development of advanced semiconductors.Washington wants Japan, South Korea and the Netherlands to use existing export controls more aggressively, including stopping engineers from their countries servicing chipmaking tools at advanced semiconductor fabs in China, according to five people familiar with the conversations.The Biden administration introduced sweeping export controls in 2022 that included a ban on “US persons”…

The Justice Department is investigating McKinsey & Company, one of the world’s largest consulting firms, over its role in advising drug companies on how to boost sales of opioids, according to sources familiar with the matter. Prosecutors from Virginia and Massachusetts are leading the criminal investigation, the sources said, and are coordinating with the Justice Department’s civil division in Washington, DC. The probe is focused on advice that McKinsey gave to pharmaceutical companies about selling the highly addictive prescription drugs, sources said. CNN has reached out to McKinsey for comment. Critics have said that McKinsey’s work to help opioid manufacturers…

In a recent transaction, Elizabeth H. Baran, Senior Vice President and General Counsel at Dick’s Sporting Goods, Inc. (NYSE:), sold shares of the company’s common stock. On March 22, 2024, Baran sold 2,175 shares at a price range of $221.78 per share, totaling over $482,000.The same day, Baran also acquired 2,175 shares of Dick’s Sporting Goods through the exercise of stock options, with the exercise price adjusted to $11.31 per share due to a special cash dividend paid by the company in 2021. This adjustment is in accordance with the company’s Amended and Restated 2012 Stock and Incentive Plan. The…

We have a retirement income crisis, and ordinary workers don’t have much hope of retiring and maintaining their standard of living if they don’t have retirement savings and expanded Social Security. One doesn’t replace the other. Workers need both. Since we crushed unions and the wealthy got their tax cuts in many forms, the idea of retirement has slipped from view. All advocates of worker income security need to concentrate on the many levers to secure retirement income. Yesterday in The Hill, Nancy J. Altman — a respected analyst of Social Security costs and benefits and who had been a…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.125% as of April 5, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is 0.125 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate…

Data management software maker Rubrik jumped in its New York Stock Exchange debut on Thursday, the latest sign that public market investors are showing an appetite for tech IPOs.The stock opened at $38.60 per share, after the Microsoft-backed company priced its IPO at $32 a share on Wednesday, above its expected range of $28 to 31 per share.In selling 23.5 million shares, it raised $752 million, leaving it with a valuation of $5.6 billion. Rubrik shares are trading under the ticker “RBRK.”Many technology companies appeared on public markets in the 2010s as central banks kept interest rates low. Worries about a weakening economy starting in…

On average, Americans believe they should save up around $1.46 million before retiring, per Northwestern Mutual’s 2024 Planning and Progress study.But in certain states, like Hawaii, you’d actually need more than that. The minimum amount of savings you’d need to retire in the Aloha state is $2,051,077, according to a GOBankingRates study.The personal finance site calculates that this amount, plus Social Security benefits, would be enough to cover costs for necessities like groceries, housing, utilities, car expenses, discretionary spending and savings over a 25-year retirement.To determine the minimum retirement savings requirements in each state, GOBankingRates examined how much Americans 65…

US stocks sank Thursday morning after the latest GDP report showed that US economic growth slowed to 1.6% in the first quarter of the year, a much weaker pace than expected. The Dow fell by 695 points, or 1.8%, and is headed toward its largest drop of the year; the S&P 500 was down 1.5% and the Nasdaq Composite slid by 1.9%, as investors projected a longer wait for the first rate cut from the Federal Reserve. “This report was the worst of both worlds: economic growth is slowing and inflationary pressures are persisting,” wrote Chris Zaccarelli, chief investment officer…

Last updated: April 25, 2024 09:12 EDT | 3 min read DOGE has fallen by 8% today, with the Dogecoin price slipping to $0.149 in the past 24 hours, as the cryptocurrency market tumbles by 5%.The meme token is actually up by 2% in a week, although it has fallen by 25% in a fortnight and by 20% in a month.This puts it in danger of completing a classic head-and-shoulders pattern over the past couple of months, a move which would imply a drop to around $0.12.However, it will arguably bottom out well before it completes such a chart pattern,…