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Banking, Economy

“Russia hikes key rate to 15% in bigger-than-expected rise”

“Russia’s central bank raised its key interest rate by a higher than expected 200 basis points to 15% on Friday, hiking borrowing costs for the fourth meeting running in response to a weak rouble and stubborn inflation pressure. The central… Continue Reading…

Business, Stocks

“Abercrombie & Fitch shares soar more than 15% as retailer blows past earnings estimates, raises guidance”

“…Here’s how the retailer did in the fiscal second quarter ended July 29 compared with what Wall Street expected, based on a survey of analysts by Refinitiv: Shares jumped more than 15% in early trading Wednesday. Net income for the… Continue Reading…

Business, Stocks

“Home Depot Tops Earnings Estimates, Launches $15 Billion Stock Buyback”

https://finance.yahoo.com/m/7a5dbac6-51ee-38c9-8218-f8bd736dac4e/home-depot-tops-earnings.html The article is behind a paywall but the headline is useful. There’s a 15 billion dollar buyback.

Business, Energy

“Shell boosts dividend by 15%, maintains oil output through to 2030”

“British oil major Shell on Wednesday announced plans to boost returns to shareholders and keep oil output steady, as part of its strategy to simplify the group’s business and improve investor confidence. Ahead of its Capital Markets Day conference in New York… Continue Reading…

Stocks

“Meta [Facebook] shares pop 15% to 52-week high on guidance, sales increase”

“Meta shares gained more than 15% on Thursday, reaching a new 52-week high, as analysts and investors digested positive guidance for the upcoming fiscal quarter and an unexpected sales increase for the first quarter of 2023. The company reported strong… Continue Reading…

Banking, Business

“Bank of America’s Earnings Top Expectations. Profit Climbs 15%.”

“Bank of America BAC +2.88% ‘s first-quarter earnings topped expectations, continuing a trend at peer banks earlier this month. The bank’s profit rose 15% to $8.2 billion, or 94 cents a share, topping expectations that it would earn 81 cents… Continue Reading…

Banking

“Bank of America has raked in $15billion in new deposits after SVB collapse”

“SVB imploded late last week after depositors tried to withdraw $42 billion from the institution, with the Federal Deposit Insurance Corporation (FDIC) taking over the bank over the weekend. Meanwhile, the New York Department of Financial Services took possession of Signature Bank on… Continue Reading…

Stocks

“15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis”

“..Here’s an expanded list of 20 companies that met the screening criteria, with at least 2% headroom above the dividends based on estimates for 2023 and 2024: Company Ticker Dividend Yield Estimated 2023 FCF yield Estimated 2024 FCF yield Estimated… Continue Reading…

Cryptocurrencies

“Ether drops 15% since major Ethereum network upgrade as traders take profits and fret over rate hikes”

“…Since Sept. 15, the date the merge was completed, to Tuesday, ether is down 15.2%. Bitcoin has dropped 4.4% in the same period. Ahead of the network upgrade, the price of ether roughly doubled from the lows of the year in… Continue Reading…

Stocks

“15 Stocks Billionaire Investors Agree It’s Smart To Buy Now”

“Stocks ‘Smart Money’ Billionaires’ Are Buying Based on new or added to positions by 47 key institutional investors in the second quarter of 2022 Company Row Labels Number of portfolios added to Stock YTD % ch. Sector Eli Lilly (LLY)… Continue Reading…