Author: Press Room

A $500 million yacht believed to belong to Jeff Bezos has been delivered to the Amazon founder. The 417-foot vessel, the largest sailing yacht in the world, recently made its maiden voyage to Gibraltar, according to Boat International. It previously stirred controversy for nearly dismantling a historic bridge for it to pass. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app A $500 million megayacht believed to be commissioned by Amazon founder Jeff Bezos has finally completed construction and made its maiden voyage.The vessel, called…

Introduction Caterpillar (NYSE:CAT) is one of the first stocks I bought for my dividend (growth) portfolio. The corporation possesses several distinguishing features, such as a robust machinery business with a wide competitive moat, impressive pricing power, substantial free cash flow that is consistently utilized to fuel dividend growth, and the benefit of secular tailwinds such as the current surge in demand for commodities driven by the electric vehicle industry and energy transition. In January, I wrote that Caterpillar is one of the best places to bet on net zero, as it will benefit tremendously from much-needed investments in mining equipment.…

Ndow Darboe was jubilant when Gambia’s opposition leader Adama Barrow ousted the country’s autocratic president Yahya Jammeh, sharing the widespread view that it would usher in an era of renewal after decades of dictatorship. But in the six years since Barrow took office, Darboe and many other Gambians have become disillusioned by their president’s failures to confront the west African nation’s deep economic and social challenges. “People are suffering,” said Darboe, a farmer from the coastal town of Serekunda.Barrow’s victory and the removal of Jammeh — who initially refused to step aside — was Gambia’s first constitutional transfer of power…

House Judiciary Chairman Jim Jordan is expanding his investigation into the Manhattan District Attorney’s office by seeking voluntary cooperation from the office’s senior counsel, Matthew Colangelo. The move is the latest sign of how Jordan continues to ramp up his investigation into the office, as key allies of former President Donald Trump attempt to frame his recent indictment as politically motivated. The letter to Colangelo seeking documents and testimony portrays him as key to ramping up the Manhattan DA’s investigation into Trump and cites Colangelo’s prior experience at the Department of Justice and the New York attorney general’s office to…

Six months have passed since the S&P 500 index touched its lowest level in more than two years after shedding about 25% of its value at the nadir of 2022’s bear market. A recovery since the start of 2023 has seen the large capitalization index rise more than 17% from its Oct. 12 closing low of 3,577.03, according to FactSet data. However, investors still have plenty of reason to fear that the worst has yet to arrive, if history is any guide, according to Warren Pies, the founder of research shop 3Fourteen Research. Pies and his team highlighted four reasons…

Exxon Mobil Corp. XOM, -1.66% has held informal talks with Pioneer Natural Resources Co. PXD, -1.06% about a possible acquisition, The Wall Street Journal reported Friday, citing people familiar with the matter. Exxon has been exploring options to put its cash to use and its executives have discussed a potential tie-up with at least one other company, although it sees Pioneer as a top target, according to the report. A deal, if it happens, likely won’t come until later this year or next year, the report said. Shares of Exxon ended Thursday down 1.7%, while Pioneer shares closed down 1%.…

April is National Financial Literacy Month. To mark the occasion, MarketWatch will publish a series of “Financial Fitness” articles to help readers improve their fiscal health, and offer advice on how to save, invest and spend their money wisely. Read more here. In the U.S., credit scores are a critical part of a person’s financial life — it rules how much you can borrow, what credit cards you can apply for, and even where you can live. Yet they’re also one of most misunderstood numbers. People often struggle with comprehending why their credit score is too low, or why it…

In the wake of the collapse of Silicon Valley Bank, conventional wisdom has been that banks will cut lending, known as a credit crunch, that will damage the economy. On Thursday, St. Louis Federal Reserve President James Bullard said he was “less enamored’ with this forecast. “Only about 20% of lending is going through the banking system and only a fraction of the banks are small or regional banks “I just don’t think it is big enough by itself to send the U.S. economy into recession,” Bullard said. Bullard said he doubted there would be a pullback of lending by…

© Reuters. By Mike Scarcella (Reuters) – A U.S. appeals court on Friday declined to reinstate a lawsuit from Chicago drivers who claimed the city’s costly parking meter rates were derived from a 75-year, $1.1 billion contract with a private company in violation of U.S. antitrust law. The unanimous decision by a three-judge panel of the Chicago-based 7th U.S. Circuit of Appeals upheld the dismissal of the motorists’ legal challenge in Illinois federal court. The lawsuit sought to compel Chicago to end its long-term contract with Chicago Parking Meters LLC, the defendant in the case. The cost of metered parking…

By Arathy Somasekhar HOUSTON (Reuters) -Oil prices were little changed in choppy trading on Tuesday as investors weighed OPEC+ planned production cuts against weak U.S. and Chinese economic data that could suggest cooling oil demand. futures settled 1 cent higher at $84.94 a barrel, while U.S. West Texas Intermediate (WTI) crude futures closed up 29 cents, or 0.4%, at $80.71 a barrel. “We will need to see demand hold and grow to push crude into the upper $80’s,” said Dennis Kissler, senior vice president of trading at BOK Financial. Brent crude and WTI had jumped by more than 6% on…