SILVER SPRING, Md. (AP) — U.S. consumer confidence declined modestly this month but remains high, even as prices for just about everything continue to rise. The Conference Board, a business research group, said Tuesday that its consumer confidence index — which takes into account consumers’ assessment of current conditions and their outlook for the future…
Investors have been chasing the “smart money” for years. The term is loosely defined and can be a little insulting to retail investors. Perhaps a better way to define what investors are searching for is “deep pockets”. The idea that these smart investors simply have more capital that allows them to accept paper losses and…
By Sarah Marsh and Madeline Chambers BERLIN (Reuters) – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine. Europe’s most divisive energy project, worth $11 billion, was finished in September,…
(Reuters) -Apollo Global Management Inc, a manager of alternative assets such as corporate credit and private equity, said on Tuesday it has committed more than $100 million over the next decade to a new foundation run by the firm’s employees that will provide grants to organizations focused on economic opportunity. The foundation will partner with…
(Reuters) -International companies with exposure to Russia are preparing for the West to impose fresh sanctions on the country after an escalation in the Ukraine crisis. Below are comments from companies: NESTLE, FOOD GROUP WITH FACTORIES IN RUSSIA “We are closely monitoring the situation and have business continuity plans in place that can be activated…
By Andrey Ostroukh and Alexander Marrow MOSCOW (Reuters) – The rouble rebounded from its weakest level in nearly two years to strengthen in volatile trading while Russian stocks slumped on Tuesday after Moscow sent troops to two breakaway regions in eastern Ukraine after recognising them as independent. Putin’s announcement on Monday drew immediate international condemnation…
FRANKFURT, Germany (AP) — German Chancellor Olaf Scholz has suspended the certification process for the Nord Stream 2 natural gas pipeline after Russia recognized separatist-held regions in eastern Ukraine. The undersea pipeline directly links Russian gas to Europe via Germany and is complete but not yet operating. It has become a major target as Western…
NEW YORK (AP) — Macy’s offered an upbeat outlook on Tuesday after reporting strong quarterly results that exceeded Wall Street estimates despite a slew of challenges from inflation to supply chain clogs. The New York company also said that it would not spin off its ecommerce division from its Macy’s and Bloomingdale’s stores, rejecting a…
By Elizabeth Culliford, Dawn Chmielewski and Supantha Mukherjee (Reuters) -At an ad industry conference in New York this month, one of the key architects of Spotify’s podcasting strategy outlined what she saw as the biggest challenge facing platforms: how to moderate content. Chief Content and Advertising Business Officer Dawn Ostroff, the television veteran who had…
Home Depot saw its sales remain strong in its fourth quarter as it continues to benefit from a sizzling housing market. Sales for the three months ended Jan. 30 rose to $35.72 billion from $32.26 billion. This beat the $34.88 billion that analysts polled by FactSet forecast. Sales at stores open at least a year,…
