Author: Press Room

First-quarter earnings season kicks off this week. Results from big U.S. banks later in the week will be heavily scrutinized for the impact of the past month’s turmoil in the sector. Economic-data highlights will include the latest inflation data and minutes from the Federal Open Market Committee’s late-March meeting. Albertsons and CarMax will report on Tuesday, followed by Delta Air Lines and Fastenal on Thursday. Things pick up on Friday: Citigroup, JPMorgan Chase, Wells Fargo, BlackRock, and UnitedHealth Group are all scheduled to release their first-quarter results. The Bureau of Labor Statistics will release the consumer price index for March…

About the author: Edward Price is principal at Ergo, a global intelligence, consulting, and forecasting firm. A former British trade official, he also teaches at New York University’s Center for Global Affairs.KYIV, Ukraine—Air raid sirens. Bomb shelters. Captured Russian tanks. All are plentiful in this war-stricken city. But Kyiv is also a city at work. And on the last Friday in March, the city’s boulevards buzz. Were it not for the occasional soldier, and the golden turrets of turquoise Orthodox churches, I could be in France. Only Kyiv seems calmer than riotous Paris.   I’ve strolled downtown to meet Sergii Marchenko, Ukraine’s 42-year-old…

I just bought a used electric vehicle, so now I’d like to install a solar array to offset the additional electricity use. My tax liability for 2023 will be enough to get full benefit of the used EV tax credit or the (guesstimated) solar tax credit. But not enough for both.  If I claim both for 2023, will the IRS apply the EV credit first and let me roll over the solar credit to 2024? Or will it apply the solar credit first, which means I get nothing for the EV credit since it doesn’t roll over?  If the latter I’ll…

The meme-stock frenzy of 2021 focused the public’s attention on market structure with unprecedented intensity. Flush with COVID stimulus funds and hemmed indoors by pandemic restrictions, Americans took advantage of no-commission trading services like Robinhood HOOD, +2.67% to gobble up high-flying stocks made famous on social media. It was a wild ride, until the intensity of the frenzy became its undoing. The unprecedented volume of buy orders for shares of GameStop GME, +1.50% and other meme shares forced brokers to cut off customers, leading to widespread outrage and intense scrutiny of the plumbing of U.S. financial markets. U.S. Securities and…

© Reuters. FILE PHOTO: Toy figures of people are seen in front of the displayed Paramount + logo, in this illustration taken January 20, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) -Paramount Global is exploring the sale of a majority stake in Noggin, its online learning service for children, the Wall Street Journal reported on Friday, citing people familiar with the situation. The company is looking at an opportunity to develop Noggin, which is known for content like “PAW Patrol” and “Peppa Pig”, into an interactive learning platform, and is seeking an investor for the job, the report said. Paramount wants to retain…

By Erwin Seba and Laura Sanicola HOUSTON/WASHINGTON (Reuters) – Saudi Arabia and other OPEC+ oil producers announced over the weekend they would launch deep oil production cuts starting next month, a surprise move that sent oil prices surging.   OPEC+, which supplies about 60% of the world’s petroleum trade, called the cuts a precautionary measure to support a stable market. The OPEC+ group, which includes allied producers such as Russia, has some of the best information on global supply and demand, yet the surprise decision came two weeks after it reiterated expectations for a 2.32 million barrel per day increase in…

By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Thursday, but volatility is limited ahead of weekly employment and quarterly growth data which could provide clues for future Federal Reserve action. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded just lower at 102.260 and is on course to drop 2% in March. Receding concerns over the banking sector have resulted in traders switching their attention to the Federal Reserve’s battle against inflation. Friday sees the release of the Fed’s favorite gauge of inflation, the…

By Antony Paone, Sarah Meyssonnier and Ingrid Melander PARIS (Reuters) -Clashes erupted in Paris next to a Left Bank brasserie favoured by French President Emmanuel Macron as protesters torched garbage cans and smashed two banks during the eleventh day of nationwide demonstrations against pension reform. The bistro La Rotonde, whose awning was set alight as protesters threw bottles and paint at police, is known in France for hosting a much-criticised celebratory dinner for Macron when he led the first round of the 2017 presidential election. Protests against the flagship reform of Macron’s second term, which lifts the retirement age by…

With the start of the second quarter, Bank of America has a new list of short-term ideas for investors seeking clarity amid ongoing market volatility. The firm compiled a list of high-conviction stock recommendations in a note to clients earlier this week. In the note, chief investment strategist Michael Hartnett noted that investors moved a record $508 billion into cash during the first quarter of this year. Stocks rose in the first quarter despite severe turmoil caused by a series of banking crises — including regulators’ shutdown of Silicon Valley Bank and Signature Bank and UBS’ buyout of Credit Suisse…

Buying a second home, whether it’s a lake house or a house on the beach, is a pretty significant investment for most. But it’s one that can come with many benefits like a side hustle or extra income if you use the space as a rental property. In April, vacation rental management platform Vacasa released its annual ranking of the top 10 best places to buy a beach house in the U.S. based on the highest cap rates or yearly rate of return on investment.To determine the ranking, Vacasa did the following:Analyzed home sales and vacation rental performance data from…