WASHINGTON/LONDON (Reuters) -The U.S. Treasury Department has advised U.S. money managers that Washington’s sanctions on Moscow bar any secondary market purchases of debt or stocks belonging to Russia’s government and firms, not just newly issued, further tightening curbs on the country following its invasion of Ukraine. The Treasury’s guidance published on Monday said executive orders…
Market valuations are cheaper. That is a prime argument for bulls on why now is a great time to buy. The S&P traded at approximately 22x earnings through much of 2021. The decline in markets year-to-date has lowered that to around 17x as we drift towards Q2 earnings. Yardeni Research P/E Chart: The problem with…
By Chuck Mikolajczak NEW YORK (Reuters) – The U.S. dollar index retreated from earlier highs and fell on Tuesday as U.S. equities shook off an early risk-off mood and turned positive, but the greenback managed to hit its highest level in 20 years against the Japanese yen. Stocks on Wall Street advanced in the early…
MADRID (AP) — Spain’s former king has decided to postpone a second visit home since he established residence abroad after his reputation was tarnished by financial scandal, Spanish news agency EFE reported Tuesday. Juan Carlos, 84, returned to his country last month for the first time in nearly two years to attend a sailing event…
By Foo Yun Chee BRUSSELS (Reuters) – Apple will have to change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed on Tuesday to a single mobile charging port for mobile phones, tablets and cameras in a world first. The political intervention, which the European Commission said would make…
LONDON (AP) — Forget rummaging through the junk drawer. Soon, Europeans will only need to reach for one cable to charge their smartphones and other devices. European Union officials said they inked a provisional agreement Tuesday that will require a uniform charging cord in the 27-nation bloc. It’s part of a wider effort to make…
By Lucia Mutikani WASHINGTON (Reuters) -The U.S. trade deficit narrowed by the most in 10 years in April as exports jumped to a record high, suggesting that trade could contribute to economic growth this quarter. The Commerce Department said on Tuesday that the trade deficit dropped 19.1%, the largest decline since December 2012, to $87.1…
BERLIN (AP) — Germany’s finance minister on Tuesday rejected calls by some in the country’s governing parties to tax what they call “excessive profits” earned by oil companies since Russia’s war in Ukraine spiked energy prices. Suggestions for such a tax by some politicians in Chancellor Olaf Scholz’s Social Democrats and the Greens have laid…
With protests planned for Saturday after the mass shootings in Uvalde, Texas, Tulsa, Oklahoma, and Buffalo, New York, gun control advocates hope to intensify pressure on Congress to pass laws and additional funding for research to help curb the growing violence. And they say they’re prepared to use philanthropic money and their own fundraising to…
LONDON (AP) — British Prime Minister Boris Johnson may have survived a no-confidence vote, but his grip on power is far from secure. Many compare his position to that of his predecessor Theresa May, who won a similar vote by a larger margin than Johnson but was nonetheless ousted six months later. “The history for…
