Tag Archives: badly

Anti-Russia protest in Germany Yann Schreiber/AFP via Getty Images Russian President Vladimir Putin’s ploy to use oil and gas exports as “a weapon of financial war” in its campaign to conquer Ukraine “is increasingly backfiring, threatening the core of Russia’s beleaguered economy and curtailing its geopolitical influence,” The Wall Street Journal reports. Putin had calculated that cutting off natural gas to Europe, and especially Germany, would leave Europe’s economy in shambles and its… Source link

Best Buy has become the latest big-name retailer to badly overestimate consumer demand as recession fears mount and shoppers pullback on discretionary purchases. The electronics retailer slashed both its second-quarter and full-year financial forecasts late Wednesday, sending shares lower by 4% in after-hours trading. Best Buy’s downward revisions are tough on the eye to say the very least: 2Q Same-Store Sales: -13% (previous: about -8%) 2Q Operating Margin: 3.7% (vs. 6.9% in second quarter of… Source link

Gennadiy Golovkin made life-changing money for each of his two bouts with Canelo Alvarez, earning an eight-figure paycheck in each, but his career took a decided turn in the wrong direction even though most neutral observers felt he’d won both of the fights. Golovkin and Alvarez fought to a split draw in their first fight, on Sept. 16, 2017, with Golovkin retaining the WBA-WBC middleweight belts. Alvarez won a majority decision in the next outing, on Sept. 15, 2018, and took the titles from… Source link

Senator Pat Toomey, ranking member of the Senate Banking Committee, says he’s prepared to fix the broad definition of a cryptocurrency broker that’s contained within the Biden administration’s infrastructure bill bogged down in Congress. The comments come as the House is pushing for an imminent vote on a $550 billion so-called “hard” infrastructure bill, which would invest in bridges to roads and the nation’s broadband, water and energy systems. The legislative language includes a… Source link

Restaurants walloped by COVID-19 have suffered a silent epidemic of financial woes among an unlikely segment: Franchise eateries. The pandemic’s impact on the food industry has been well chronicled, with many having to shutter, drastically cut staffing and hours, or resort to other desperate measures just to stay afloat. However, some experts say franchises — third party operators licensed by larger brands — are just as vulnerable to closure and operational struggles, like food and… Source link

TipRanks 3 Top Dividend Stocks With Growth Opportunity; Goldman Sachs Says ‘Buy’ Investing is all about finding profits, and investors have long seen two main paths toward that goal. Growth stocks, equities that will give a return based mainly on share price appreciation, are one route. The second route lies through dividend stocks. These are stocks that pay out a percentage of profits back to shareholders – a dividend, usually sent out quarterly. The payments vary widely, from less than… Source link