NEW YORK xx (Reuters) – A key part of the yield curve inverted on Tuesday, as the 2-year U.S. Treasury note yield briefly rose above the benchmark 10-year U.S. Treasury note yield for the first time since September 2019. An inversion of the two-year, 10-year part of the curve is viewed by many as a…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dropped $2 on Tuesday, as talks progressed between Russia and Ukraine to end their weeks-long conflict, though Moscow negotiators clarified that it did not represent a ceasefire. Further weighing on oil futures, new lockdowns in China to curb the spread of the coronavirus prompted concerns about that fuel…
LONDON (Reuters) – Global energy trader Vitol Group made a record net profit of just over $4 billion for the full year 2021, sources familiar with the matter said. Vitol declined to comment. (Reporting by Julia Payne and Dmitry Zhdannikov; Editing by Chris Reese)
The Federal Trade Commission is suing TurboTax maker Intuit, saying its ads for “free” tax filing misled consumers. Intuit says it will fight the suit. The consumer protection agency said Tuesday that millions of consumers cannot actually use the free tax-prep software option — two-thirds of tax filers in 2020. They are ineligible, the agency…
WASHINGTON (AP) — The Senate on Tuesday agreed to consider the nomination of Lisa Cook for a position on the Federal Reserve’s Board of Governors on a 50-49 party-line vote. The result suggests that there is sufficient support in the evenly divided Senate to approve Cook, who would be the first Black woman to serve…
(Reuters) -Philadelphia Federal Reserve President Patrick Harker said on Tuesday he favors a “methodical” series of quarter-percentage-point interest rate increases, but is open to larger half-percentage-point hikes if inflation does not soon show signs of easing. “I have penciled in seven … 25-basis-point increases for this year,” including the one just approved at the U.S….
WARSAW, Poland (AP) — Poland’s government decided Tuesday to block imports of coal from Russia, part of an overarching strategy to reduce energy dependence on Russia that gained new urgency after Moscow’s invasion of Ukraine. Poland will impose financial penalties on any private entities importing Russian coal into Poland, with Polish customs officials carrying out…
(Reuters) – Nielsen Holdings on Tuesday agreed to go private for $10.06 billion in a sweetened deal with private equity firms led by Elliott Management and Brookfield Asset Management, days after the TV rating firm rejected a bid from the group. The deal offers $28 for each Nielsen share, a premium of 60% since early…
BARCELONA, Spain (AP) — Amid the mayhem provoked in the world energy market by Russia’s invasion of Ukraine, Spain and Portugal have emerged in a strategically advantageous position as an “energy island” in Europe, with a relatively low reliance on Russian natural gas. Leaders in renewable energy thanks to solar, wind and hydraulic power, Spain…
The trend of mega cap growth stocks splitting shares continues. Tesla (TSLA) plans to ask shareholders to authorize additional shares to enable a stock split at this year’s annual meeting. This would mark the second split for the TSLA in two years. The Pavlovian response has been to buy the stock on these announcements. Do…
