Author: News Room

U.S. inflation reports are no longer eliciting the outsize swings in U.S. stocks that investors witnessed during 2022. One longtime stock-market strategist and trader offered an explanation in an interview with MarketWatch. After more than a decade of near-irrelevance, monthly reports on consumer-price inflation emerged as marquee events for markets last year, surpassing even the monthly nonfarm payrolls number released by the Department of Labor in terms of their impact. The… Read the full article here

A trove of leaked classified Pentagon documents highlight US anxieties over growing Chinese and Russian influence in Latin America and Africa. Among the details are references to Russian mercenary group Wagner exploring a contract to fight criminal gangs in Haiti, and a Chinese company negotiating to build a deep water port in Nicaragua. One US military document describes a sweeping propaganda plan by Russian intelligence to shape public opinion in Africa, including peddling conspiracy theories about US biological labs with the goal of “realigning” African countries with Russia. Another document mentions Russian support for a Brazilian effort to establish a…

Imran Khan has said Pakistan will struggle to break out of a cycle of debilitating debt repayments without reform, as the country’s opposition leader and former prime minister warns the debt burden on low- and middle-income economies is becoming unmanageable.“Whatever we do, when we look ahead, the debt is growing, our economy is slowly shrinking,” Khan, whose Pakistan Tehreek-e-Insaf (PTI) party is favoured to win national elections this year, told the Financial Times. “From my party’s point of view, we’ve started thinking that we’re stuck.”Pakistan is in the middle of one of its worst economic crises. Analysts have said the…

Oakmark International Fund – Investor Class (MUTF:OAKIX)Average Annual Total Returns (03/31/23)Since Inception (09/30/92) 8.69%10-year 5.04%5-year 1.46%1-year 5.22%3-month 13.91%Expense Ratio: 1.04%Expense ratios are from the Fund’s most recent prospectus dated January 28, 2023; actual expenses may vary.Past performance is no guarantee of future results. The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted. The investment return and principal value vary so that an investor’s shares when redeemed may be worth more or less than the original cost. The To obtain the most recent month-end performance data, view it here. The Oakmark…

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Looking to buy a watch with crypto but not sure where to start? In this guide, we explore where to buy watches with Bitcoin, reviewing five popular stores. Read on to find the perfect watch by leading brands like Rolex, Hublot, TAG Heuer, Omega, and more. Quick Guide on How to Buy a Watch With CryptoLooking to buy watches with Bitcoin right now? Follow the step-by-step guide below to learn how to buy watches with crypto:Step 1: Decide where to buy watches with crypto: First, choose a suitable online watch retailer that accepts crypto. The best option in the market is Crypto…

Stamp prices are set to tick up. The US Postal Service said Monday that it filed a notice with its regulators to increase prices on first-class mail stamps to 66 cents from 63 cents. If approved, the change would take effect in July, raising the cost of mailing a first-class letter by about 5.4%. The Postal Service said the hike was necessary to offset a rise in operating expenses. Surging prices have dented business across the global economy over the past two years, pushing up workers’ wages and increasing the costs of doing business. Although inflation has been cooling over…

Eric Hsu remembers a time when he was 10 days away from payday and had just $32 left. He had no savings.”I used the remaining money I had to buy loaves of white bread and I ate that for all three meals until my pay came in,” he told CNBC Make It.”Sometimes I would think, I am not earning little, I would actually think I’m earning an upper-middle income salary. But I still feel really poor every month.” Hsu belongs to a group of people in Taiwan, typically young and single workers, called the “yue guang zu” — the so-called “moonlight…

A federal appeals court late on Wednesday blocked part of a ruling issued last week by a Trump-appointed judge that endangers access to the abortion pill mifepristone.The 5th U.S. Circuit Court of Appeals granted the Justice Department’s emergency request to put on hold the part of the decision issued by U.S. District Judge Matthew Kacsmaryk that suspended the Food and Drug Administration’s original approval of mifepristone, which dates back to 2000.But the three-judge panel said that a separate part of Kacsmaryk’s decision, which suspends changes the FDA made to the drug’s approved use in 2016, could go into effect. The panel also determined…

By David Randall NEW YORK (Reuters) -Inflation data showing U.S. consumer prices rising less than expected in March may have come as a relief to markets, but some investors believe it may take a strong corporate earnings season to push stocks higher decisively. Hopeful investors have been betting on easing inflation and a dovish pivot from the Federal Reserve in recent weeks, helping the stay buoyant despite recent tumult in the banking sector and worries over a possible recession in 2023. The index is up some 6.5% year-to-date. Wednesday’s data showed consumer prices growing at a slower pace than expected…