The United Kingdom’s largest defense firm experienced record orders as the Russia–Ukraine war boosted military spending in 2022. British defense giant BAE Systems said on Feb. 23 that orders for weapons systems soared last year amid an “elevated threat environment” in the wake of Russia’s invasion of Ukraine. The group is one of the largest builders…
British BAE Systems Saw Record Orders in 2022 Due to Ukraine War
February 23, 2023
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The Bear Market Ain’t Over Till It’s Over
February 23, 2023
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Commentary On Feb. 21, the stock market got hit by a freight train. It surprised a lot of people because unlike the groundhog, they were starting to warm up and think the winter in stocks had ended. After all, the people who identify as technical analysts brought out their charts and showed why the market…
Australian Miner Gains Control Over US Lithium Giant’s China Assets
February 23, 2023
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U.S. lithium giant Albemarle will deepen control of Australian lithium mining assets after revamping its joint venture with Mineral Resources (MinRes). In turn, the Australian Mineral Resources will also gain partial control of two Chinese mining plants operated by Albemarle. In the new deal announced on Feb. 22, Albemarle will initially deepen control over two spodumene…
Inflation Heats Up Despite Easing Supply Chain Pressures
February 22, 2023
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U.S. inflation is heating up despite improvements in supply chain pressures. This comes as business activity in the United States picked up in February, according to the latest U.S. Purchasing Managers’ Index (PMI) Composite Output Index from S&P Global on Feb. 21. Although supply chain disruptions showed signs of easing, inflation remain stubbornly elevated, as…
Intel Slashes Dividend by 65 Percent as It Pushes to Cut Costs After Big Loss
February 22, 2023
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Intel Corp. slashed its quarterly dividend by almost two-thirds, as it proceeds to cut costs after major losses. The U.S.-based chip manufacturer will reduce its fourth quarterly dividend from $0.365 to $0.125, a loss of more than 65 percent, the chipmaker announced on Feb. 22. This comes after the company announced the implementation of a series of…
US and Its Allies Will Tighten Screws on Russia’s Evasion of Sanctions, Says Treasury Department
February 22, 2023
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The United States and its allies will impose new sanctions this week on Russia in order to punish the Kremlin for the war in Ukraine. Deputy U.S. Treasury Secretary Wally Adeyemo announced on Feb. 21 further efforts to prevent Russia from evading sanctions and export controls, aimed at pressuring it to withdraw from its neighbor….
US Venture Capital Investment Drops 65 Percent in 2022, Lowest Level Since 2013
Commentary Venture capital investment is down in the United States. The fundraising environment has become not only tougher for people in venture capital funds but also for entrepreneurs looking to raise capital to build a business. Prequin is a service that tracks all kinds of data in venture capital. According to its numbers, venture capitalists…
New Portuguese Law Will Force Owners of Vacant Homes to Get Tenants
February 21, 2023
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The Portuguese government announced new measures last week to handle the country’s housing crisis, including ending the so-called “golden visa” program, and would put a ban on short-term holiday rental licenses, like for Airbnbs. Lisbon wants to force owners of vacant properties across Portugal to open them up to long-term renters because of soaring home and…
How Much Can Discount Real Estate Brokers Save Home Sellers?
February 20, 2023
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The average American is always looking for ways to save money—from markdowns on a dozen eggs to deductions on realtor commissions when they sell their homes. Over the past few years, discount commission brokerages have been popping up all over the country, guaranteeing commissions as low as 1.5–3.0 percent on each home sale. But how…
Australia’s Superannuation Changes Flagged to Stop Early Withdrawal
February 19, 2023
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Australia’s superannuation system is facing an overhaul, with the government looking at ways to block the early release of retirement money. Treasurer Jim Chalmers proposed further protections for superannuation to safeguard retirement savings in a speech on Monday. Australians pulled out about $36 billion from their retirement funds during the pandemic. Chalmers said the early…
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