[Fortune] Fighting a strong trend toward hybrid work, Goldman Sachs CEO David Solomon has repeatedly insisted that employees return to the office full-time, leaving no doubt that he views remote work as a temporary aberration. But on the day the investment banking giant reopened its U.S. offices in February, after shutting down during the […]
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[Business Insider, Morningstar] Jeremy Grantham suggested Russia’s attack on Ukraine could lead to a multiyear “Super Cold War.” Wars aren’t bad for stock markets, and they have led to technological improvements, the GMO co-founder said. There are trillion-dollar innovative opportunities in nations overcoming their reliance on Russia, he suggested. Jeremy […]
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[Benzinga] Camber Energy Inc CEI+1.56%, Indonesia Energy Corp Ltd INDO+2.44%+ and Imperial Petroleum Inc IMPP shares are all trading higher Monday amid continued momentum and an increase in the price of oil. Shares of smallcap penny stocks are also trading higher in recent sessions on heavy volume. Energy names have been volatile amid the Russia-Ukraine conflict, […]
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[GO Banking Rates, iStock] Housing data released this week confirmed what many industry watchers already knew: Home prices in the U.S. have been rising at their fastest rate in decades, and there’s every reason to believe prices will continue pushing higher in the months to come. That trend, combined with an expected […]
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[CNN Business] With Russia’s internationally condemned invasion of Ukraine, one thing is certain: No one knows exactly how things will play out. So far that disturbing uncertainty hasn’t sent markets into a sustained tailspin. US stocks took a hit the week of the invasion, but have since recovered some of those losses. But the market […]
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[CNBC, Getty Images] The London-listed stocks of Russian companies have plummeted since the invasion of Ukraine and ensuing crippling economic sanctions on the country’s businesses, institutions and individuals by the U.S. and its western allies. Sberbank was down 99.72% year-to-date to trade for around a single penny before the suspension, […]
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[CNBC, Reuters/Getty Images] Brent crude futures rallied to $116.83 a barrel, the highest since August 2013. The contract was at $116.60 a barrel, up $3.67 by 0112 GMT. U.S. West Texas Intermediate crude was at $113.01 a barrel, up $2.41 after touching a fresh 11-year high of $113.31 a barrel. […]
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[CNN Business] As Western sanctions take root, Russians are bracing for a dramatic shift in their standard of living as their savings diminish in value and imports of everyday goods are quickly being cut off. Over the past week, several Western companies have abandoned their Russian operations to avoid running afoul of sanctions. They’re […]
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[CNBC, Getty Images] Russia’s largest lender said its European subsidiaries had experienced “abnormal cash outflows” and expressed concern for the safety of its employees and properties. As of late morning trade in London, Sberbank shares were down 94.24% to trade at $0.01. The bank has lost 99.9% of its value […]
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[Reuters] Private payrolls increase 475,000 in February January data revised higher to show gain instead of loss U.S. private employers hired more workers than expected in February and data for the prior month was revised sharply higher to show strong job gains instead of losses, aligning with other reports that […]
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