Business News

Average income and net worth of Amex Platinum members

Credit card issuers generally do not release as many statistics about cardholder demographics as they prefer to keep this information to themselves. That’s why I think some people will be interested in what Monkey Miles found… Amex Platinum Cardholder Statistics Departures is a magazine for Amex Platinum cardholders. The publication has an online media kit …

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Oil rises as chances of a Russian ban spur fears of a supply crisis

(Bloomberg) — Oil posted its biggest daily swing ever, with Brent jumping to nearly $140 and then plummeting after the US said it was considering a ban on Russian oil imports. Most read by Bloomberg The international benchmark subsequently fell to around $120, with West Texas Intermediate trading above $116, heightening fears of a major …

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Dow down more than 300 points, oil fell from $120

Federated Hermes Chief Equity Strategist Phil Orlando joins Morning with Mary to discuss soaring oil prices and the economic implications. US stocks tumbled across the board on Monday as investors traded cautiously as oil prices hit their highest level since 2008 as conflict between Russia and Ukraine continues to dictate market direction. The Dow Jones …

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The price of oil soared amid negotiations to ban oil in Russia and postpone the deal with Iran

Brent and WTI jump to highest since 2008 US and Europe discuss ban on Russian oil imports Iranian nuclear talks overshadowed by Russian demands US and Venezuela discuss oil sanctions LONDON, March 7 – Oil prices rose to their highest level since 2008 on Monday amid supply-side concerns as the US and European allies consider …

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Uber raises Q1 guidance as ridership recovers strongly

An Uber sign on a car at Oakland International Airport in Oakland, California, USA on Tuesday, February 8, 2022 David Paul Morris | Bloomberg | Getty Images On Monday, Uber improved its financial guidance for the first quarter of 2022, citing a faster-than-expected recovery from the coronavirus-fuelled headwind. The company’s shares rose more than 6%. …

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Kohl’s (KSS) releases long-term financial targets on Investor Day 2022

Kohl’s on Monday released new long-term financial targets, including a small single-digit percentage year-on-year increase in sales, as the retailer faces pressure from activists to consider selling and revealing the value of its properties. Ahead of a planned virtual investor meeting, Kohl’s announced that it intends to increase Sephora’s annual sales to over $2 billion. …

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Is this $5250 2019 Royal Enfield Continental GT 650 worth it?

Royal Enfield is the oldest motorcycle name still in operation, and as today’s Nice Price or No Dice Continental GT shows, it still operates the old fashioned way. Let’s see if this history lesson helps in good economics. One thing that’s stuck with me since elementary school is the trick of remembering when to use …

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Stock futures fall, oil rises amid Russia’s war in Ukraine

Stock futures fell on Monday morning and oil prices soared as investors nervously considered the possibility of more inflation and more global economic damage from Russia’s war in Ukraine and the ensuing sanctions. Contracts for the S&P 500, Dow and Nasdaq fell more than 1% at session lows in early trading amid risk-averse sentiment. Traders …

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