“Big Short” investor Michael Burry took to Twitter after months with a cryptic tweet that seemed like a nod to the 1970s. The ’70s, dubbed as a period of “Great Inflation,” showed high inflation can have a devastating effect on an economy. His tweet may have also been a reference to the energy crisis of… Continue reading ‘Big Short’ investor Michael Burry returns to Twitter with a nod to the 1970s, as the world battles with inflation and an energy crunch
Investment giant Pimco risks losing up to $2.6 billion if Russia defaults on its debt
Pimco sold $1.1 billion of credit default swaps that compensate holders if Russia fails to make payments on its debt. The asset manager also holds $1.5 billion of Russian government bonds, the FT reported Wednesday. It stands to lose on both fronts if sanctions-battered Russia defaults, which Fitch says is imminent. Loading Something is loading.… Continue reading Investment giant Pimco risks losing up to $2.6 billion if Russia defaults on its debt
US stock futures dip as investors focus on diplomatic talks between Russia and Ukraine ahead of key inflation data
US futures and European shares fell on Thursday ahead of key inflation data and with Russia/Ukraine talks in focus. Asian markets rallied overnight, with Japan’s Nikkei leaping 3.9%, the most in almost 2 years. Oil rose 5%, paring some of the previous day’s losses, as the chances of OPEC raising output appeared to wane. Loading… Continue reading US stock futures dip as investors focus on diplomatic talks between Russia and Ukraine ahead of key inflation data
Oil prices climb 5% after UAE appears to backtrack on its earlier call for OPEC+ to boost output faster
Oil climbed more than 5% Thursday after the UAE appeared to tone down its message that OPEC+ should boost output. “We favor production increases and will be encouraging OPEC to consider higher production levels,” UAE’s ambassador to Washington said Wednesday. The UAE reportedly hadn’t consulted other OPEC+ members before making that statement. Loading Something is… Continue reading Oil prices climb 5% after UAE appears to backtrack on its earlier call for OPEC+ to boost output faster
US stocks notch best day since June 2020 as oil drops and investors hope for Ukraine-Russia compromise
US stocks on Wednesday notched their best session in nearly two years. Stocks soared as Ukraine’s president told German newspaper Bild he’s open to compromise with Russia. US oil prices fell as much as 15% but still remain above $100 a barrel. Loading Something is loading. Stocks soared Wednesday, logging their best session in nearly… Continue reading US stocks notch best day since June 2020 as oil drops and investors hope for Ukraine-Russia compromise
Women Taking Steps to End Gender Pay Gap
For years, women have been paid less than their male counterparts. So it’s no wonder that many women feel they’re getting the short end of the stick. Among employed females, 41% say the gender pay gap is a major issue at their company, according to a Glassdoor-Harris Poll survey. And more than 85% of employed… Continue reading Women Taking Steps to End Gender Pay Gap
Home Price Increases Have Benefited the Rich Most
You’ve undoubtedly noticed that housing prices have exploded since the Covid pandemic emerged in March 2020. And you may have seen that home prices are particularly rising at the top end of the market. This has been happening for some time. So you probably won’t be surprised that gains in housing wealth, which come primarily… Continue reading Home Price Increases Have Benefited the Rich Most
Is Philips Hue the Best Choice for a DIY Smart Lighting System?
The Arena Media Brands, LLC and respective content providers to this website may receive compensation for some links to products and services on this website. Nearly every fledgling smart home enthusiast soon faces a nearly universal dilemma: to Hue or not to Hue? The question isn’t, of course, whether Philips Hue makes great smart lights — a… Continue reading Is Philips Hue the Best Choice for a DIY Smart Lighting System?
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