A new commodity ‘supercycle’ has started, according to Marko Kolanovic, the highly regarded quantitative analyst at JPMorgan. The commodity upswing, and oil CL.1, -0.24% move in particular, has started, and will be driven by the post-pandemic recovery, ultraloose monetary and fiscal policies, a weak dollar DXY, -0.04%, stronger inflation, as …
Read More »: Some wealthy hospital donors received early COVID-19 vaccinations — those institutions have a wide variety of explanations
Relief over the arrival of COVID-19 vaccines in the U.S. quickly curdled into frustration over supply shortages, delivery problems, and unequal distribution. But one group has gotten a head start in receiving the coveted shots: people who’ve donated money to hospitals distributing the vaccine. Hospitals from coast to coast have …
Read More »The Ratings Game: Twitter stock closes at seven-year high, as analyst cheers newfound ‘swagger’
Twitter Inc.’s stock took off Wednesday after the social-media company’s fourth-quarter results and commentary about the outlook helped relieve concerns about how the service will fare in the new reality. For the first quarter, the company expects 20% growth in its count of monetizable daily active users, a projection that …
Read More »: Rihanna’s Savage x Fenty closes funding round, heating up competition in lingerie category
Savage x Fenty, the lingerie brand designed by pop music star Rihanna, announced Wednesday that it has closed a $ 115 million Series B fundraising round, led by private-equity firm L Catterton. Savage x Fenty plans to use the funds for further customer acquisition and expansion into retail. Revenue for the …
Read More »The Moneyist: My ex-boyfriend and I contributed to our household based on our salaries. I’m now owed $23K in back pay. Do I pay him back?
Dear Moneyist, Recently, I was notified by my employer of 5 years that my initial salary placement was incorrect, and I am due a fairly large amount of retroactive pay. After taxes it comes to about $ 23,000. About a year ago, I ended a long-term relationship wherein my former …
Read More »Earnings Results: Cisco earnings top Street’s expectations, but non-infrastructure sales don’t
Cisco Systems Inc. shares declined in the extended session Tuesday after the maker of network services, videoconferencing tools and security software’s quarterly results topped Wall Street estimates, but sales in certain segments came in below expectations. Cisco CSCO, -0.90% shares shed more than 5% after hours, following a 0.9% decline …
Read More »Futures Movers: Oil prices head lower, eyeing their first session loss of the month
Oil futures headed lower on Tuesday, poised to post their first session loss of the month, as prices looked to halt a multi-session streak of gains and eased back from their highest levels in more than a year. “After losing momentum through much of January trading, the crude complex has …
Read More »The Moneyist: My husband, 79, promised to leave his grandson his home. After 22 years of marriage is that fair to me?
Dear Moneyist, I am a married woman age 69 and my husband is 79. I am his second wife and we have been married for 22 years. He is not in the best of health and requires my care. He suffers with debilitating arthritic pain and is not able to …
Read More »Market Extra: Is Tesla’s $1.5 billion bitcoin buy smart corporate finance? Experts weigh in
Tesla Inc. on Monday said that it bought $ 1.5 billion in bitcoin, a purchase that comes after CEO Elon Musk has promoted the world’s No. 1 digital asset, along with other cryptos, in recent weeks. Bitcoin’s price BTCUSD, +1.82%, already on a stratospheric rise, garnered an additional fillip from the announcement, …
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