After a powerful burst of absolute and relative strength from the middle of the first quarter through mid-May, the Utilities Select Sector SDPR Fund ETF (XLU) has turned lower and has underperformed the S&P 500. Despite lower interest rates, which usually benefit debt-heavy utility companies, the recent 0.5 percentage point…

Stay informed with free updatesSimply sign up to the US-China relations myFT Digest — delivered directly to your inbox.China’s President Xi Jinping told European Commission President Ursula von der Leyen that Washington was trying to goad Beijing into attacking Taiwan, according to people familiar with the matter.The Chinese leader has…

Steve Bannon, a longtime ally of Donald Trump, vowed investigations and prosecutions of those who have probed the former president and his political allies, declaring at a conservative gathering Saturday that Inauguration Day in 2025 will be “accountability day.” Pointing to Trump’s recent conviction in New York, Bannon told a…

LyondellBasell Industries (LYB) revealed a strong financial performance in its fourth quarter and full-year 2023 earnings call, announcing earnings of $8.65 per share with an EBITDA of $5.2 billion for the year. The company surpassed its value enhancement program goals, achieving over $400 million in annual EBITDA improvements. LyondellBasell also…

By Marianna Parraga and Mayela Armas HOUSTON/CARACAS (Reuters) – A reimposition of U.S. sanctions on Venezuela’s oil and gas sectors would hurt the OPEC country’s ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity, analysts and executives said. Washington…

COLOMBO (Reuters) – Sri Lanka has approved gradually lifting some limits on converting rupees to foreign exchange for outward remittances and the new directions will be presented to parliament for approval, cabinet spokesperson Bandula Gunawardane said on Tuesday. The island nation’s central bank had suspended permission to remit funds for overseas…

MADRID (Reuters) – Severe droughts and heatwaves in Spain could have a persisting impact on the domestic lenders’ solvency by slowing down the economy and leading to more loan losses, the Bank of Spain Governor Pablo Hernandez de Cos said on Friday. Spain has logged its warmest January since records…

The decisions you face as you transition into and through retirement are more complex, with higher stakes, compared to the saving and investing decisions you’ve had to make for retirement throughout your working years. The trouble is, usually you won’t get any “do-overs” with many of your retirement decisions. If…

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The National Collegiate Student Loan Trusts (NCSLT) and loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA) may have to pay $3 million in compensation to student loan borrowers whose requests for payment relief, including during the COVID-19 national emergency, went ignored, according to Consumer Financial Protection Bureau (CFPB).  The student…