Tag Archives: Americas

Former President Donald Trump loses vast amounts of money. Yet he lives a gilded lifestyle and never runs short of the cash needed to pay lawyers perpetually defending him against charges large and small. How does he do it? We’re gradually finding out, now that Congress has obtained six years’ of Trump’s tax returns from the IRS. Democrats investigating Trump’s finances haven’t yet released the full returns, but they’ve published two reports that provide an overview of Trump’s… Source link

The White House is sending $36 billion to buttress the Central States Pension Fund, one of the biggest and most troubled funds that manages the pensions of over 350,000 union workers and retirees. The pending announcement on Tuesday comes about 21 months after President Biden promised $86 billion to troubled multi-employer pension funds via a controversial provision tucked inside the American Rescue Plan. The check from Washington is a note of finality in the decades-long push to shore up… Source link

SG Americas Securities LLC raised its stake in Yandex (NASDAQ:YNDX – Get Rating) by 24.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,440 shares of the information services provider’s stock after purchasing an additional 11,304 shares during the quarter. SG Americas Securities LLC’s holdings in Yandex were worth $862,000 at the end of the most… Source link

Here’s how America’s millionaires are positioning themselves for a recession ⁠— if you’re doing something different, you might want to think twice With the U.S. economy showing some signs of stalling, talk of a recession is heating up. But it’s not just average Americans who are fretting about what that might mean for their finances. Even those with at least seven figures in their bank accounts are concerned, according to CNBC’s Millionaire Survey. The group surveyed — millionaires… Source link

Between a tanking stock market, soaring inflation, and mounting recession fears, Americans are turning on the economy. And somewhere, Vladimir Putin is probably smiling about it. Amid all the chaos, inflation has become the biggest financial concern of nearly every American as prices rise for everything from gas to groceries. There are several reasons that inflation reached a 40-year-high of 8.6% last month, including rising rents and labor costs. But economists say a major driver is Russia’s… Source link

(Bloomberg) — The emerging multi-polar world now includes foreign-exchange markets — as China and Russia, the biggest challengers to U.S. supremacy, boost direct trading between their currencies. Most Read from Bloomberg Monthly volumes on the ruble-yuan pair have surged 1,067% to almost $4 billion since the start of the war in Ukraine as the two nations seek to reduce their reliance on the dollar and boost bilateral trade to overcome current and potential U.S sanctions. The spike coincides… Source link

U.S. stocks have had a rough start to the year after a standout 2021—and if history is any guide for what’s to come, things could get even worse from here. The S&P 500, which returned nearly 27% to investors last year, has been dragged down more than 15% year to date by rising interest rates, geopolitical tensions, persistent inflation, and a number of other bearish factors. The big question on most investors’ minds: How much further will stocks drop? Bank of America’s chief investment… Source link

Step aside Budweiser — Modelo and Corona are coming for your crown this summer. “Our beer business is doing extraordinarily well,” Constellation Brands (STZ) CEO Bill Newlands told Yahoo Finance Live (video above). “We really think [Modelo] is about to become America’s favorite beer.” Newlands has some data to support the proclamation. Constellation’s beer sales — driven by Corona, Modelo, and Pacifico — rose 14% in the most recent quarter. That marked a quicker pace than the 11%… Source link

America has a violence problem. And it doesn’t seem to be going away anytime soon. Late last month, on April 22, a gunman in Washington, D.C., opened fire at a college prep school from across the street, riddling it with more than 200 bullets and wounding four people. A mall shooting in South Carolina that same week wounded 10. A shooting on a Brooklyn subway earlier that month wounded over a dozen. New Orleans recently reported its bloodiest weekend in nearly 10 years. Overall, recent data… Source link

The White House announced $3.16 billion is on the way to help with the battery shortage in America. The money, which will come from funds in the recently enacted Bipartisan Infrastructure Law, was announced by the White House and the Department of Energy on Monday. Officials promise the money will help domestic manufacturers make more batteries in the U.S., iron out supply chain issues for components, and also mitigate some of the environmental impacts from battery manufacturing. “We need a… Source link