A Russian judge has begun a hearing into the detention of Alexei Navalny at a makeshift courtroom inside a police station as EU member states threatened new sanctions against Moscow if the opposition activist was not released. Mr Navalny was detained by police at Moscow’s main airport on Sunday evening after returning from Germany where
Month: January 2021
What Is Risk Management Framework (RMF)? All companies face risk; without risk, rewards are less likely. The flip side of this is that too much risk can lead to business failure. Risk management allows a balance to be struck between taking risks and reducing them. Effective risk management can add value to any organization. In particular,
Intel logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. Joan Cros | NurPhoto | Getty Images Earnings season is here, and Wall Street analysts are calling for another decline amid the pandemic. However, some pros are more optimistic about the fourth quarter earnings season, with Ignacio Cantos, investment director
Take a look at some of the biggest movers in the premarket: JPMorgan Chase (JPM) – The bank reported fourth-quarter earnings and revenue that topped Wall Street forecasts. Strong trading and investment banking results were among the factors helping the company’s bottom line. PNC Financial (PNC) – PNC reported better-than-expected revenue and earnings for the
Jared Kushner and Ivanka Trump may be saying goodbye to Washington, D.C., next week, but they are landing in an enclave nearly as exclusive. In December, the couple closed on a $32.2 million lot on Indian Creek, a luxury island community in Miami-Dade County, Florida. The village’s population was last tallied at 86 people—several of
Miami Mayor Francis Suarez speaks to the media during the annual hurricane preparation exercise at the City of Miami’s Emergency Operations Center on May 29, 2019 in Miami, Florida. Joe Raedle | Getty Images Miami Mayor Francis Suarez was leaving lunch at tech billionaire Peter Thiel’s house and on his way back to City Hall
President-elect Joe Biden’s proposed $1.9 trillion coronavirus relief bill would relieve the financial stress on local governments.Bloomberg News Direct federal aid of $350 billion to state and local governments is just one of several ways President-elect Joe Biden’s proposed $1.9 trillion coronavirus relief bill would relieve the financial stress on local governments. Biden’s plan to
The Chinese economy grew at a faster rate than before the coronavirus pandemic in the fourth quarter of 2020, official data showed, as industrial production continued to drive the country’s recovery. Gross domestic product growth beat expectations to reach 6.5 per cent in the final quarter of last year, according to figures released on Monday,
In 2019, General Motors Company (NYSE: GM) was the fifth-largest automaker in the world, behind Volkswagen AG (OTC: VWAGY), Toyota Motor Corp. (NYSE: TM), and Renault-Nissan-Mitsubishi. GM famously held the top spot in global auto sales for 77 consecutive years from 1931 to 2007. Following the 2007-2008 financial crisis, however, GM filed for bankruptcy protection. The company re-emerged following a
Eurozone nations’ escalating restrictions to tackle the coronavirus pandemic have significantly slowed economic activity, fuelling fears that the bloc faces a double-dip recession, according to widely watched and timely alternative data indicators. Travel to retail and hospitality venues and workplaces, as well as consumer confidence and spending, have all taken a hit in the first
Families spent $26,226, on average, to pay for college during the 2018-19 school year, according to a 2019 survey by Sallie Mae and market research company Ipsos. More than half of that amount (55%) came from financial aid. From this data, two things are immediately clear—first, college is expensive, and second, paying for it generally
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Company: Exxon Mobil Corp. (XOM) Business: Engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products.
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video conferencing giant popped nearly 2% after an analyst at Bernstein named the stock a top pick for 2021. The analyst said his call was based on the growth in Zoom’s Phone business. Exxon — The oil giant slid more
When it comes to interior design, 2021 isn’t too different from 2020. Collov Home Design on Unsplash Unlike Chip and Joanna Gaines, the pandemic has been the biggest influence on interior design that no one asked for. At the beginning 2020, designers were touting two-tone kitchens and bold colors as the next big trends. Little
Federal Reserve Bank of Boston President Eric Rosengren said President-elect Joe Biden’s request for $1.9 trillion in economic relief is needed as growth shows signs of slowing. “It’s a big package, but I think it’s appropriate,” Rosengren said Friday in a CNBC interview. “The economy is in a lull right now, we’ve had a series
Thousands of National Guard troops were flooding into Washington on Saturday as the capital was fortified for the inauguration of Joe Biden, amid fears of a repeat of the violence that killed five people on Capitol Hill on January 6. The Pentagon has approved the deployment of 25,000 National Guard troops for the inauguration, while
Like so many industries, the financial advisor industry faced significant challenges in 2020. From virtual relationship management to working from home, advisors were forced to rethink the way they ran their practices and handled their client meetings. Despite these challenges, industry sentiment remains positive and growth continues to be a key theme. To find out
Armin Laschet, prime minister of the German state of North Rhine-Westphalia, has been elected leader of the Christian Democratic Union, putting him in pole position to succeed Angela Merkel as chancellor of Europe’s most powerful country. Mr Laschet beat Friedrich Merz, a corporate lawyer, by 521 votes to 466 in a poll held in the
Warren Buffett bought more than $1 billion in Coca-Cola (KO) shares in 1988, an amount that was then equivalent to 6.2% of the company. The purchase made it the single largest position in Buffett’s Berkshire Hathaway’s portfolio at the time. It remains one of Berkshire Hathaway’s biggest holdings today. In a filing in November 2020,
A man walks past a Wells Fargo Bank branch on a rainy morning in Washington. Gary Cameron | Reuters Wells Fargo released on Friday mixed results for the fourth quarter of 2020, sending the bank’s stock lower. Here’s how the numbers compared to Wall Street expectations: Earnings: 64 per share vs. Refinitiv estimate of 60
U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, January 8, 2021. Kevin Lamarque | Reuters President-elect Joe Biden moves into the White House in the coming week with the biggest stock market tailwind since a presidential Election Day going back to at
The Sherman Oaks home of basketball great Dwyane Wade and actress Gabrielle Union is back on the … [+] market at $5,999,999. Hilton & Hyland It’s a new year and a new price for Dwyane Wade and Gabrielle Union. The retired basketball star and his actress wife are relisting their home in the Los Angeles
A for sale sign sits outside a house in Miami Beach. Carlos Barria | Reuters After setting more than a dozen record lows last year, mortgage rates began 2021 on an upward climb, and that lit a fire under borrowers, fearing they might miss the last of the lowest rates. Mortgage applications to refinance a
Municipals were quiet and remained steady on Friday as U.S. Treasuries dipped slightly following President-elect Joe Biden’s address Thursday night that outlined plans for a $1.9 trillion relief package and the market prepared for a three-day weekend. In his speech, Biden called for a new round of stimulus checks and pandemic control measures. “Everyone was
James Murdoch has castigated the US media for the “toxic politics” threatening American democracy, saying proprietors are as culpable as politicians who “know the truth but choose instead to propagate lies”. The remarks by Rupert Murdoch’s youngest son, made in an interview with the Financial Times and a further joint statement with his wife Kathryn,
Working for a hedge fund is one of the most appealing career paths for budding finance types. Hedge funds are much less regulated than other investment vehicles, like mutual funds; in fact, their style and inner workings tend to be a bit opaque. While they may be used to leverage or reduce risk, hedge funds
JPMorgan Chase has released almost $3bn it had reserved for loan losses at the height of the pandemic, contributing to a 42 per cent surge in net income for the biggest US bank in the final three months of 2020 versus a year earlier. “While we reported record profits of $12.1bn, we do not consider
“Just a few inches of water from a flood can cause tens of thousands of dollars in damage,” according to the National Flood Insurance Program. This fact sums up why mortgage lenders sometimes require borrowers to buy flood insurance. However, real estate agents and mortgage lenders often don’t tell customers about flood insurance requirements until
After years in development, Jeff Bezos’ private space company Blue Origin aims to carry its first passengers on a ride to the edge of space in a few months. Blue Origin on Thursday completed the fourteenth test flight of its New Shepard rocket booster and capsule. Called NS-14, the successful test flight featured the debut of
U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. Kevin Lemarque | Reuters Joe Biden’s inauguration next week is expected to usher in a more traditional and normal presidency, and the stock market could continue to climb, but perhaps
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