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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…

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…

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…

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