Author: Press Room
Brittney Griner, the WNBA star who was freed from Russia late last year after being wrongfully detained, is writing a memoir due out next spring. “After an incredibly challenging 10 months in detainment, I am grateful to have been rescued and to be home. Readers will hear my story and understand why I’m so thankful for the outpouring of support from people across the world,” Griner said in a news release Tuesday from publisher Alfred A. Knopf. The two-time Olympic gold-medalist spent nearly 300 days in Russian custody after being detained in February 2022 and sentenced to nine years in…
TOKYO — Asian shares were mostly higher Wednesday, as markets watched for key inflation data likely to influence the Federal Reserve’s stance on interest rates. Japan’s benchmark Nikkei 225 NIK, +0.56% rose 0.6% in early trading. Australia’s S&P/ASX 200 XJO, +0.50% added 0.6% while South Korea’s Kospi 180721, +0.28% edged up 0.2%. Hong Kong’s Hang Seng index HSI, -0.62% lost 0.7% and the Shanghai Composite index SHCOMP, +0.47% added 0.3%. Stocks rose in Malaysia FBMKLCI, -0.25%, but slipped in Singapore STI, -0.41%, Taiwan Y9999, +0.01% and Indonesia JAKIDX, -0.24%. “Broader markets remain laser-focused on this week’s critical inflation data as…
Major mining companies Newmont and Glencore have each tweaked their multibillion-dollar bids to buy out rival companies. Newmont Corp. NEM, -2.29% said its offer for Australia-based Newcrest Mining Ltd. NCM, +0.29% NCMGY, +6.58% would strengthen its position as the world’s top gold company and would also boost its copper production. Newcrest Mining shareholders are being offered 0.4 Newmont shares, and Newmont is supporting a special dividend of $1.10 per share to be paid around the deal’s closure, in a deal that that Newcrest says is worth 32.87 Australian dollars per share, or a total of A$29.4 billion (equivalent to $19.6…
I have a “first-world” problem with a twist, and I could use your advice. I recently sold my rental townhouse for $325,000. It was already paid off without any encumbrances on the property. After paying the title transfer and capital-gains taxes of 15%, I have $309,000 in cash. Question 2 (the juicier question): How do you think I should best convince my wife that simply paying down our current mortgage is not the savviest of moves? That’s her knee-jerk “safe” response. She is very good with day-to-day finances and being a saver, but she leans more toward living below our…
Gold futures advanced on Tuesday, with the most-active futures contract on track to settle above the $2,000 level for a sixth straight session, as a softer U.S. dollar provided support to the yellow metal. Price action Gold futures for June delivery GC00, +0.67% GCM23, +0.67% rose by $15.20, or 0.8%, to settle at $2,019 per ounce on Comex. Prices for the most-active contract has now settled above $2,000 for six consecutive sessions, even though prices posted declines in the last three sessions, FactSet data show. Silver futures for May delivery SI00, +1.19% SIK23, +1.19% gained 27 cents, or 1.1%, to…
© Reuters. By Oliver Gray Investing.com – U.S. stock futures were trading in a tight range during Monday’s evening deals, following a mostly positive session among major benchmark indices as market participants look toward this week’s By 18:46 ET (22:46 GMT) , , and were each trading 0.1% higher. Ahead in Tuesday’s trade, investors will be monitoring as well as speeches from the FOMC’s and , while and the are set to be released Wednesday. On the earnings front, companies including Albertsons Companies (NYSE:), Louis Vuitton (OTC:), Delta Air Lines (NYSE:), UnitedHealth Group (NYSE:) and JPMorgan Chase & Co (NYSE:)…
(Bloomberg) — Traders raised the odds of another quarter-point rate increase by the Federal Reserve in May in the wake of strong employment data released Friday during a holiday-shortened session. Swap contracts referencing Fed meeting dates repriced to levels indicating more than 80% odds of the US central bank raising its policy rate range to 5%-5.25% on May 3. The May contract’s rate increased to just over 5.03%, a level 20 basis points higher than the effective policy rate has been since the last increase. The repricing accompanied a move higher in Treasury yields to their highest levels in several…
JPMorgan (NYSE: JPM) is scheduled to report its fiscal Q1 2023 results on Friday, April 14, 2023. We expect JPMorgan to post mixed results with earnings beating the consensus but revenues missing the mark. The bank outperformed the street expectations in the last quarter, with revenues increasing 18% y-o-y to $34.5 billion. The top line mainly benefited from growth in net interest income. The NII improved 48% y-o-y to $20.2 billion driven by loan growth and higher interest rates. That said, the revenues were somewhat offset by an 8% drop in the noninterest income, primarily due to a 59% decline…
Timing is everything. That was the lesson learned in a recent Tax Court case that resulted in a lost charitable deduction and capital gains tax. Here’s what happened. Background Commercial Steel Treating Corp., or CSTC, was founded in 1927 by the Hoensheid family. Over the years, the company performed well and remained in the family. By 2014, Scott Hoensheid and his two brothers, Craig P. Hoensheid and Kurt L. Hoensheid, held equal interests in CSTC. That same year, Kurt announced that he wanted out, and the remaining brothers were reluctant to take on debt to buy his shares—so they looked…
Treasury Secretary Janet Yellen said the U.S. economy and America’s financial system are doing well despite headwinds caused by the recent banking crisis and the Fed’s efforts to tame inflation. Yellen spoke at a press conference Tuesday to mark the beginning of the World Bank and International Monetary Fund’s spring meetings and said that while there is still a chance of a credit contraction and economic downturn, she’s optimistic about the trajectory of the U.S. economy. “I’ve not really seen evidence at this stage suggesting a contraction in credit, although that is a possibility,” Yellen said. “I believe our banking…
