The ASOS share price has surged on news that the retailer’s freshly-minted turnaround plan has helped it return to profitability. At 376.5p per share the business was last 14.8% higher on Thursday and leading the FTSE 250 northwards. ASOS said that sales weakness across all its territories meant group revenues…

Wells Fargo’s stock (NYSE: WFC) has gained 2% YTD as compared to the 14% rise in the S&P500 index over the same period. Further, at its current price of $43 per share, the stock is trading 12% below its fair value of $49 – Trefis’ estimate for Wells Fargo’s valuation.…

If you’re deep in debt, it’s stressful and takes over your life. The only thing you can think about is getting out of debt. Scammers prey on this anxiety and have tailored a number of traps to suck you into their swindles. Most debt relief scams come out of the…

During his “My Take,” Thursday “Varney & Co.” host Stuart Varney discussed the threat of higher taxes and rising interest rates to the economy, warning that if the U.S. is hit with both, Biden will have to add a recession, and maybe stagflation, to his list of problems in an…

LONDON — The Bank of England is “caught between a rock and a hard place” as it prepares for a key monetary policy decision against a backdrop of sticky inflation and a tight labor market, economists say.May’s consumer price index figure will be published Wednesday morning, the day before the…

U.S. President Joe Biden said Secretary of State Antony Blinken “did a hell of a job” in Beijing.His comments came after Blinken’s high-profile diplomatic mission to China, aimed at soothing strained ties with Beijing.”We’re on the right trail here,” Biden said Monday.In a surprise meeting, Blinken met Chinese President Xi…

Joseph Tsai, executive vice chairman and cofounder of Alibaba Group, will succeed Daniel Zhang as chairman, according to an announcement by the Chinese tech giant on Tuesday. This is Alibaba’s second succession in just a few years after founder Jack Ma stepped away in 2019. Eddie Wu, chairman of Alibaba’s…

Watch full video on YouTube

The Chinese city of Quingdao will pilot an electricity- and network-free digital yuan public transport payments solution, marking another national first for the central bank digital currency (CBDC).The news comes as another city in the pilot zone announced it will give away some $140,000 of CBDC discount tokens.Per the Securities…

The iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) is a pretty interesting ETF in that it is structured to avoid any duration risk. This means the sensitivity of the portfolio to a change in rates should be around zero, at least in direct terms. LQDH is priced based on…