[]The Wagner Group’s attempted coup over weekend in Russia cast some doubt over Russian President Vladimir Putin’s political power, and raised uncertainty surrounding the production outlook for the one of the world’s biggest oil producers.[]The rebellion saw the mercenary paramilitary force, led by Yevgeny Prigozhin late Friday, take over Russia’s…
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Got $100,000 to spare? If so, do the opposite of what happened in Russia over the weekend — don’t make any sudden moves.U.S. stocks were mostly treading water Monday after a dramatic weekend in Russia when Yevgeny Prigozhin, leader of the mercenary Wagner Group, marched to the outskirts of Moscow,…
Micron Technology Inc. plowed through the worst quarter in its history and is setting its sights on a recovery in the memory chip market, but issues in China could set back its recovery efforts. Boise, Idaho-based Micron MU turned in its largest loss on record last quarter, more than $2…
There were signs of life in the initial public offering on Monday with a lineup of six deals on tap this week, four of which are expected to raise more than $100 million. There were zero pricings last week, which was shortened by the Juneteenth Holiday Monday. But in another…
A forthcoming Federal Reserve initiative to enable faster payments could give consumers and businesses more flexibility but bring further risk for banks, according to a Moody’s analyst. With the Federal Reserve slated to roll out its FedNow instant-payment system in July, Moody’s analyst Stephen Tu weighed in Monday to suggest…
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Goodbye pandemic refi cash-outs. Hello HELOCs? Home-equity lines of credit (HELOCs) and second-lien mortgages have been staging a notable comeback as U.S. homeowners look for liquidity and ways to monetize the pandemic surge in home prices, according to BofA Global. It used to be that borrowers sitting on an estimated…
Apollo Global Management is leading a group of lenders making a debt investment of as much as $2 billion in chip-maker Wolfspeed Inc. to support its U.S. expansion plans, according to reports Sunday. Bloomberg News reported the deal would make $1.25 billion available immediately to Wolfspeed, with another $750 million…
Investors will start the week nervously sorting through the aftermath of a short-lived rebellion by the mercenary Wagner Group that’s seen leaving Russian President Vladimir Putin weakened.“As Monday’s global markets are set to begin trading, investors are laser-focused on whether the short-lived Russia insurrection was only the beginning of a…