Trafigura is handing more than $1.7bn to its top traders and shareholders after its net profit more than doubled from already record levels last year, fuelled by the energy crisis stoked by Russia’s invasion of Ukraine. The Swiss-based commodities trading company, which is owned by 1,100 shareholders mainly made up of executives and traders at
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What are the obstacles and opportunities surrounding ESG? How will inflation and labor shortages impact the IIJA? What does new tech, crypto and AI mean for electronic trading? The municipal finance community has a lot of questions going into 2023. Don’t miss the chance to get them answered at NATIONAL OUTLOOK on February 2, 2023.
Chainlink has a busy start to December when it comes to development launches. The Chainlink (LINK) staking program opened up for early access on Dec. 6 and will expand access on Dec. 8. According to Chainlink, staking will further secure the project’s node ecosystem and alerting mechanism: “Stakers gain access to staking rewards for securing
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, chief executive officer of Goldman Sachs, speaks during the Milken Institute Global Conference in Beverly Hills, April 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs traders and salespeople will have to contend with a bonus pool that’s at least
In this article THO TOL PINS CPB Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Revenue also beat consensus and the food producer said its results were helped by
One-quarter of the global populace is going to be spending at least an hour a day in the metaverse by 2026, according to tech consulting firm Gartner, for shopping, gaming, education and more. But at some point, people are going to have to demonstrate that it’s really them behind the avatar. That’s just one reason
Tenants often deliver substantial security deposits when they sign leases. Those deposits are supposed to secure the tenant’s obligations. At the end of the lease, if the tenant has properly behaved, the landlord should return the security deposit to the tenant. It’s not the landlord’s money, or is it? Maybe it is—if the landlord files
The national average credit score sits at an all-time high of 716, unchanged from a year ago, according to a report from FICO, developer of one of the scores most widely used by lenders. However, this marks the first time since the Great Recession that scores did not improve year over year, the report found.
Dogecoin fell to a ten-day low on Dec. 7, as the meme coin extended a recent decline, falling for a third consecutive session. Overall, cryptocurrency markets have been mostly bearish in today’s session, and are down 1.07% as of writing. Chainlink was another notable token to fall, and is currently trading by as much as
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull Polaris industries: https://www.zacks.com/commentary/169624/bull-of-the-day—polaris-industries BlackRock Capital Investments: https://www.zacks.com/commentary/169629/bear-of-the-day—blackrock-capital-investment-corp
Tipping the odds in your favour is part of the arsenal of any successful trader whether they chose to have positions in gold, oil, forex or indexes. Following the trend is one of the most popular strategies that help with this but many find it difficult to stay the course and they go for larger
The public-private partnership between Red River Valley Alliance and the Metro Flood Diversion Authority won The Bond Buyer’s 21st annual Deal of the Year award for its bonds issued through the Public Finance Authority to reduce local flooding risk. The issuance, which was the Deal of the Year in the P3 category, was one component
China has announced wide-ranging relaxations to President Xi Jinping’s contentious zero-Covid restrictions, including for the first time home quarantine, as further evidence emerged of the economic damage from the pandemic controls. The new measures, outlined on Wednesday by the State Council, China’s cabinet, were foreshadowed by a meeting of the Chinese Communist party’s politburo that
Municipals were little changed to a basis point or two firmer in spots Tuesday, while U.S. Treasuries made gains and equities were rattled by comments from large bank CEOs warning of tough economic times ahead. Munis were again better in the belly of the curve while UST made larger gains out long. The three-year muni-UST
Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images One key lesson of the past year is that the world is not ready to move away from oil and gas as the dominant
Take a look at some of the biggest movers in the premarket: Herbalife Nutrition (HLF) – Herbalife tumbled 9.8% in premarket trading after the nutrition and health products company announced a $250 million convertible note offering. Herbalife plans to use the proceeds to repurchase existing debt and for general corporate purposes. GitLab (GTLB) – GitLab
When participants in real estate and other business transactions negotiate their contracts, they think about what might happen later and what legal consequences should arise from those events or circumstances. For example, a contract might prohibit a party from doing something. It might also say that if a party wants to do something, then the
Municipals were firmer in spots Monday, outperforming U.S. Treasuries, which sold off following higher-than-expected service sector data sparking more Fed rate hike fears. Equities also ended in the red. Triple-A yields were bumped two to four basis points in the belly of the curve while UST saw yields rise by up to 15 on the
The Treasury is finalising plans for a package of sweeping rules to regulate the cryptocurrency industry, including limits on foreign companies selling into the UK, provisions for how to deal with the collapse of companies and restrictions on the advertising of products. Ministers will shortly launch a consultation on the new regulatory regime, after the
For the second time this year, the trustee of bonds issued for the American Dream Mall in New Jersey drew down a reserve account to make a debt payment on $800 million of tax-exempt municipal bonds. Trustee U.S. Bank said in a notice to bondholders posted on the Municipal Securities Rulemaking Board’s EMMA bond disclosure