MOSCOW (Reuters) – OPEC+, the group of leading oil-producing countries, is important for providing stability on global energy markets, Kremlin spokesman Dmitry Peskov said on Monday, a day after the group met. OPEC+ pumps around 40% of the world’s crude and has put in place cuts of 3.66 million barrels…

(Bloomberg) — Federal Reserve Bank of Philadelphia President Patrick Harker said the US central bank is close to the point where it can stop raising interest rates and turn to holding them steady in an effort to further bring down inflation. “I do believe that we are close to the…

(Reuters) – Cava Group Inc, which operates a chain of Mediterranean fast-casual restaurants in the United States, said on Monday it is aiming for a valuation of up to $2.12 billion in its U.S. initial public offering. The company intends to sell roughly 14.44 million shares priced between $17 and…

The banking turmoil has reached the point where the tide has gone out, and we are seeing which institutions have been swimming naked. A third California-headquartered bank, in less than two months, is looking like it is on the verge of collapse. As of May 3, PacWest Bancorp’s PACW stock…

Last Friday was the one year anniversary of the collapse of the Terra Luna Stablecoin. This event marked the end of the 2020-2022 crypto bull market and started a chain of events that would lead to the high-profile collapse of corporate crypto exchanges like FTX, BlockFi, Celsius, and Voyager. As…

To retire on dividends, we have just two requirements. They are simple, though perhaps not exactly easy: Earn safe, meaningful yields. Five percent is our floor, thirteen is our stretch goal. We’ll discuss five stocks in this dividend range shortly. Keep our principal intact. To do this we’ll focus on…

Despite a 32% rise in Take-Two Interactive stock (NASDAQ NDAQ : TTWO) this year, outperforming the broader S&P500 index, which is up 12%, we believe it has more room for growth. However, looking at a slightly longer term, TTWO stock is down 34% from levels seen in late 2020. This…

More than ever, mortgage borrowers are looking for ways to manage the amount of interest they pay. The Federal Reserve has raised the short-term Fed Funds rate resulting in average mortgage rates to more than double since 2021. In the search for interest relief, borrowers are increasingly looking at their…

You’ve seen the headlines. The United States Postal Service (USPS) has been losing money. (A recent USPS press release said it’s already lost $2.1 billion this year.) So, Congress passed the Postal Service Reform Act of 2022 (PSRA). The Office of Personnel Management (OPM) published the interim final rule on…

A German lawyer widely regarded as the mastermind of a massive tax fraud scheme has been sentenced to an additional eight years and three months in jail. Hanno Berger had already received an eight-year jail sentence last December for his role in the cum-ex scheme, which has been called “the…