Cryptocurrencies are the exact opposite of a prudent investment: They’re volatile, have little practical use beyond speculation and crime, often get lost or stolen, and lack the real-world cash flows that underpin the values of stocks and bonds. It should thus go without saying that they have no place in a retirement savings plan. Unfortunately, it appears to require ...

  One of the ironies of Russia’s war against Ukraine — ostensibly fought to prevent that nation from joining the North Atlantic Treaty Organization (Nato) — has been its impact on two of Europe’s traditionally neutral states, Finland and Sweden. On May 18, just 84 days after the invasion, Swedish and Finnish ambassadors handed over applications to join Nato in ...

  Bloomberg Britain’s airports, airlines and ports face their most frenetic weekend for years as a surge of vacation-bound passengers puts further stress on travel hubs already hobbled by a staffing shortfall and other issues. London’s Gatwick airport said it was set to be its busiest day since the start of the coronavirus pandemic, surpassing April’s Easter rush, with more ...

Bloomberg Amazon.com Inc shareholders delivered a rebuke to the company over the pay for Chief Executive Officer Andy Jassy and other top executives, with an unusually close vote in the symbolic measure to ratify compensation packages for the company’s leaders. Vote totals disclosed in a filing show 56% of shareholders supported the company’s executive pay for 2021, which included $350 ...

Bloomberg Big retailers rushed to build up inventories last year amid soaring consumer demand and transportation bottlenecks — going so far in some cases as to rent their own cargo ships. Now, they’re trying to figure out how to sell all their stuff. Inventories rose $44.8 billion for companies on S&P consumer indexes with a market value of at least ...

  Bloomberg Ted Baker Plc gained on a report that Authentic Brands Group Inc is in talks with the UK fashion chain over a takeover bid worth about 300 million pounds ($379 million). Authentic Brands has indicated it’s willing to pay more than 150 pence per share for Ted Baker, Sky News reported, citing a person familiar with the situation. ...

  Bloomberg Norwegian Air Shuttle ASA reached an agreement in principle with Boeing Co for the purchase of 50 737 Max jets, to be delivered when the carrier’s existing leases end. The airline will take delivery of the planes between 2025 and 2028, according to a stock exchange filing. Norwegian expects to finalise the order, which also includes options for ...

  Bloomberg As border curbs and mandatory quarantines fall away, a fresh challenge is emerging for global aviation — rehiring staff fast enough to cope with a rebound in air travel that is already straining the industry. Singapore, which has flung open its borders again, is hosting a two-day job fair targeting everyone from graduates to mid-career professionals and former ...

Bloomberg Chinese President Xi Jinping praised Hong Kong’s next leader for defending national security and upholding stability at their first meeting since John Lee was selected as chief executive earlier this month. The leader of the world’s second largest economy told Lee that the central government had “full confidence” in him, according to the official Xinhua News Agency. Xi also ...

  Bloomberg Hurricane Agatha was expected to strike Mexico’s Oaxaca state on Monday with damaging winds, heavy rain and a crashing storm surge, making it the strongest May storm to hit the eastern Pacific on record. Agatha was already raking the Pacific coastline with damaging gusts and heavy rain. The compact storm, just below Category 3 strength on the five-step ...