Opinion

Amazon’s stock split delivers buzz only

Investors shouldn’t get overly excited about stock splits. In most cases, they don’t amount to much. After the close of regular trading, Amazon.com shares surged as much as 10% after the internet giant announced plans for a 20-for-1 split. The company also said it would buy back up to $10 billion of its stock. Companies that do stock splits make ...

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Strip malls may solve US’s housing crisis

  Forget the open road. The true emblem of the contemporary United States is the “stroad” — those high-volume, hybrid arteries that are not quite walkable streets, not quite high-speed roads. Lined on both sides by parking lots and strip malls, they are the commercial lifeblood of conventional suburban development. They may also be the answer to America’s housing affordability ...

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Russia sanctions’ web can snarl China too

  It’s a future investors in China must learn to live with: The expanding list of Chinese companies subject to US sanctions or procurement controls. As the US and European Union impose sweeping economic penalties on Russia over its invasion of Ukraine, China Inc can easily become collateral damage, too. The US government has already put Beijing on notice. US ...

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Why China won’t help Russia around sanctions

China is the wild card. President Xi Jinping has vowed that the friendship between China and Russia has “no limits,” and he certainly has the tools to help soften the blow of unprecedented sanctions imposed by the US and European Union on Vladimir Putin’s wartime economy. Beijing could buy some of Russia’s $130 billion hoard of gold held by the ...

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What will help Bed Bath & Beyond?

Investors in Bed Bath & Beyond Inc are betting that an activist intervention will add up to big gains. Shares in the retailer rose as much as 86%, the most ever, in early trading after Ryan Cohen, a co-founder of Chewy Inc and the chairman of GameStop Corp, disclosed that he had taken a 9.8% stake. Cohen’s investment company RC ...

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The City of London is Wild West of metals

Marc Rich, the infamous godfather of the modern commodity trading industry, thought he could squeeze the global metals market at will. It was a time of swashbuckling trading in the City of London — regulation was lax and traders did as they saw fit. In 1992, he targeted the zinc market, amassing a huge position on the London Metal Exchange. ...

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Putin was empowered by ‘political silence’

  In private Telegram groups and on Russian Twitter, Russian-speakers around London share outrage over Vladimir Putin’s war on a neighbouring country and brother nation and the wanton destruction it has brought. Sardonically, they refer to the botched battle plan and military snafus in English as a BlitzCringe. They’re done with Russia and yet they can’t be free of it. ...

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Food is just as vital as oil to the national security

While Putin’s war in Ukraine is delivering shocks to the energy market and driving up fertiliser prices, the bigger problem has become the soaring cost of wheat. Russia is steering the world toward an increasingly severe food security crisis — compounding the shortages already caused by the pandemic and climate change. More than 70% of Ukraine is prime agricultural land ...

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SE Asia shows high cost of fast growth

With China’s technology giants facing a plethora of struggles, Southeast Asia was supposed to be the hip new market that offered a well of fast-growth companies. That’s coming at a heavy cost. Earnings reports from e-commerce and gaming provider Sea Ltd as well as food and deliveries giant Grab Holdings Ltd are a stark reminder that years of break-neck speeds ...

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US debt is massive, but it’s also under control

  When it comes to the Federal Reserve and monetary policy, there are no shortages of talking heads who say the central bank can’t raise interest rates too much or else it would trigger a “debt bomb.” What this means is that because the federal debt is so high, even a relatively small increase in rates might force the government ...

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