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Economy, Energy

“Russia Stops Oil Flowing Through Pipeline to Central, Eastern Europe”

“Russian oil has stopped flowing through a pipeline that supplies Slovakia, Hungary and the Czech Republic, blaming payment difficulties caused by Western sanctions on Moscow…” https://finance.yahoo.com/m/3a733df9-a22f-3501-bfe7-751ec3180242/russia-stops-oil-flowing.html This means the cost of oil is going up. The cost of energy is… Continue Reading…

Economy, Energy

“Shell won’t buy any more Russian oil and gas”

“…Shell (RDSA) said Tuesday it was breaking completely with Russia’s giant energy industry, halting all purchases of Russian crude oil immediately and shutting its service stations in the country.The UK-based company, which last week announced it was dumping its investments in Russia, said its decision… Continue Reading…

Stocks

“GameStop Stock Fell So Much It Had to be Halted. That Didn’t Stop the Selloff.”

“GameStop stock dropped suddenly Monday morning, prompting a brief halt due to volatility. The stock fell wider than 15% to as low as $223.00, bounced back, and then fell even lower. Shares of videogame retailer GameStop (ticker: GME) this month have… Continue Reading…

Stocks

“Analysts Say These 3 Dividend Stocks Are Top Picks for 2021”

“Ellington Financial (EFC)… There is general agreement on Wall Street that EFC is a quality investment, and the analyst consensus rating shows that: it is a unanimous Strong Buy, based on 4 recent reviews. The shares are priced at $15.77,… Continue Reading…

Business, Economy

“American Air Sees 19,000 Job Cuts Once U.S. Payroll Aid Expires”

“American Airlines Group Inc. will cut 19,000 workers once federal payroll aid expires as scheduled on Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand. About 17,500 employees will be furloughed, meaning they… Continue Reading…

Real Estate

“U.S. mortgage firms push for support as borrowers halt payments”

“The number of people seeking to have mortgage payments paused or reduced rose to 7.5% as of April 26 from 7.0% a week earlier as the economic effects of the novel coronavirus outbreak stretched household finances, figures from the Mortgage… Continue Reading…

Investing, Stocks

“Wealthy investors see nothing that will stop this relentless bull market”

“…“Investors are more open to risk taking at this point,” said Mike Loewengart, vice president of investment strategy at E-Trade. “If the environment is encouraging and conducive to additional gains, they want to be part of it.” Twenty-nine percent of… Continue Reading…

Business

“4 In 10 Adults Just ‘Can’t Stop’ Working”

“… a new survey of 2,000 British employees that found a staggering 40% just cannot stop working. The survey, commissioned by SPANA, also found that many current employees (one in six) spend more than 11 hours a week focusing on their job… Continue Reading…

Business, Stocks

“GE to freeze pensions for about 20,000 employees, stock surges”

” Shares of General Electric Co. GE, -0.82% surged 2.6% in premarket trading Monday, after the industrial conglomerate said it was freezing the U.S. pension plan for about 20,000 employees with salaried benefits, and supplementary pension benefits for 700 employees….  GE’s stock has… Continue Reading…

Business

“Juul replaces CEO and stops all advertising as vaping crisis escalates”

“The CEO of Juul is out, as a growing number of vaping-related deaths and threats of federal regulation present a monumental challenge for the e-cigarette company. Juul announced Wednesday that CEO Kevin Burns will be replaced by K.C. Crosthwaite, who… Continue Reading…