Author: Press Room

By Barani Krishnan Investing.com — After treading water or sliding for four straight sessions, oil rallied on Tuesday for the first time since traders got excited over talk of new OPEC+ production cuts, with crude prices gaining almost 2% ahead of the release of weekly U.S. inventory data. New York-traded  West Texas Intermediate, or , settled up $1.79, or 2.2%, at $81.53 per barrel.  WTI’s session high of $81.57, however, fell short of the  $81.81 peak achieved in the heat of the OPEC+ announcement on April 4 that it was taking off another 1.7 million barrels daily from global output…

By David Lawder and Andrea Shalal WASHINGTON (Reuters) -World Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward to 2% from a January forecast of 1.7% but the slowdown from stronger 2022 growth will increase debt distress for developing countries. Malpass told a media briefing that the upward revision was due to an improved outlook for China’s recovery from COVID-19 lockdowns, with growth now pegged at 5.1% this year compared to 4.3% in the bank’s January Global Economic Prospects report. Advanced economies, including the U.S. and in Europe, are…

The Board of Directors of Procter & Gamble declared an increased quarterly dividend of $0.9407 per share on the Common Stock payable on or after May 15, 2023 to Common Stock shareholders of record at the close of business on April 21, 2023. This represents a three percent increase compared to the prior quarterly dividend. This dividend increase will mark the 67th consecutive year that P&G has increased its dividend and the 133rd consecutive year that P&G has paid a dividend since its incorporation in 1890. It reinforces our commitment to return cash to shareholders, many of whom rely on…

Topline The Federal Reserve now projects the nation’s economy to fall into a “mild recession” by year’s end, according to minutes from the Fed’s Open Markets Committee meeting March 21-22 as the central bank navigated through an unexpected crisis in the country’s banking sector. Key Facts Banking turmoil led central bank officials to downgrade their economic forecasts, according to the notes released Wednesday afternoon. Though all FOMC members ultimately voted in favor of a 25 basis-point increase to the federal funds rate, several officials considered backing a pause to the hikes in the wake of the string of bank failures.…

In this article I use AAII’s A+ Investor Stock Grades to provide insight into three agricultural equipment stocks positioned for success in 2023. With continued recovery from the coronavirus pandemic increasing consumer demand and severe weather impacting the supply of key agricultural goods, should you consider these three agricultural equipment stocks of AGCO AGCO , Deere and Titan International TWI ? Agriculture Recent News The powered agriculture equipment market encompasses a wide array of products such as tractors, combine harvesters, planters, sprayers and other equipment performing tilling, haymaking and baling functions. The growth of the powered agriculture equipment market has…

The latter part of your career — in your 40s, 50s and early 60s — is the prime time to position yourself for a successful retirement. While your “post-work” years may still seem a long way off, the time will pass quickly. For some, retirement may come sooner than expected as layoffs, illness or the responsibility of caring for another may cause you to leave the workforce earlier. As a result, it’s important to start your retirement planning as early as possible. We previously discussed the planning steps for your 20s and 30s, including five actions you can take in…

A U.S. economist is making a significant prediction about a stock selloff stemming from banking sector concerns. During an appearance on “Mornings with Maria,” MacroMavens President Stephanie Pomboy sounded the alarm on the U.S. banking system, predicting a “credit bust” comparable to the Great Recession. “I think actually we’re overvalued by the standard stock market cap to GDP by $20 trillion. So that’s roughly a 50% haircut,” Pomboy explained. “And I think we’re at the beginning stages of a credit bust that I believe could look a lot like 2008, 2009 in magnitude.” Pomboy’s key point of concern surrounds companies not…

Egg prices fell by almost 11% in March, the U.S. Bureau of Labor Statistics said Wednesday, following a 7% decline in February and delivering relief from record-high prices over the winter.The decrease is largely due to a recovery in egg production and weaker consumer demand, said Brian Moscogiuri, global trade strategist at Eggs Unlimited, an egg supplier.Egg prices rose more than those of almost any other consumer good or service last year, in percentage terms. In a sign of the times, comedian Trevor Noah asked popstar Taylor Swift at the Grammy Awards in February if her fans could help reduce…

Warner Bros. Discovery on Wednesday unveiled its new blended streaming service of HBO Max and Discovery+, called “Max.”The new streaming platform will combine scripted dramas like HBO’s “Succession,” “White Lotus” and “House of the Dragon” with Discovery’s unscripted staples like cooking, home improvement and survival shows.The new service will launch on May 23.”Max is the one to watch, because it’s home to shows that have a supersized effect on people and culture,” Discovery CEO David Zaslav said during a presentation in Burbank, California. “It’s streaming’s version of must-see TV.”Warner Bros. Discovery executives have been planning to combine HBO Max and…

The judge overseeing Dominion Voting Systems’ massive defamation case against Fox News said Wednesday that he plans to appoint an outside attorney to investigate whether the right-wing network lied to the court to withhold key evidence, after repeatedly expressing exasperation and frustration with Fox’s attorneys. “I am very concerned… that there have been misrepresentations to the court. This is very serious,” Delaware Superior Court Judge Eric Davis said Wednesday at a pretrial hearing in Wilmington. The extraordinary move, on the brink of the trial starting next week, is the latest blow to Fox News as it tries to fend off…