KYIV, Ukraine — Russia said it had taken complete control of the southeastern port city of Mariupol on Saturday after the surrender of the last remaining Ukrainian forces there, while Moscow’s troops pressed an offensive in the country’s east. Ukrainian President Volodymyr Zelensky described the soldiers and marines who had defended Mariupol through a monthslong … Read more
Financial advisor Harold Evensky pioneered the cash bucket strategy in 1985 so clients would stay calm during market downturns and would not be forced to sell depleted shares to fund withdrawals. He originally told clients to keep two years’ worth of supplemental living expenses in the cash bucket, but later cut that down to a … Read more
SYDNEY — Australia’s center-left opposition won a national election on Saturday after Prime Minister Scott Morrison conceded defeat, although the late counting of votes in some electorates will determine the exact makeup of the government. Anthony Albanese, who leads the Labor Party, is poised to become prime minister and will be Australia’s first Labor leader … Read more
Warren Buffett Spends Big as Stock Market Sells OffThe Wall Street Journal Warren Buffett, Michael Burry, Ray Dalio: Q1 stock portfolio changesMarkets Insider Warren Buffett Just Increased His Stake in These Two CompaniesThe Motley Fool Warren Buffett, Michael Burry, and other elite investors just revealed major changes to their stock portfolios. Here are 5 key … Read more
TOKYO—Apple has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look from the company as … Read more
A state judge in New York late Friday adopted a set of new US House district lines for the state that was cheered by Republicans and creates an open seat in the heart of New York City that has already drawn interest from several Democrats. The map, a plan made final Friday after months of … Read more
ISTANBUL — NATO membership for Finland and Sweden, potentially among the most dramatic shifts in European security policy in decades, now depends largely on the decision of one man: Turkey’s President Recep Tayyip Erdogan. Mr. Erdogan’s decision to block a speedy entrance for the two countries into the North Atlantic Treaty Organization has opened the … Read more
TJ Maxx’s parent TJX reported earnings that were above Wall Street expectations. Cindy Ord / Getty Images Text size Two of the three major off-price retailers posted quarterly earnings this week, with dramatically different results. That leaves Burlington Stores , which reports May 26. There are three key factors that could determine how Burlington’s stock … Read more
About the author: Larry Hatheway is the co-founder of Jackson Hole Economics and the former chief economist of UBS. Another week, another dismal set of returns. For stock and bond investors, 2022 is off to a terrible start. Now stresses are beginning to emerge in credit fixed income markets. Large Chinese real estate developers are … Read more
Bonds are back, say investors who are daring to buy into the battered market. Stability emerged in debt markets this week, with the 10-year US Treasury yield retreating from a peak over 3% following a five-month route that worsened as stocks plummeted. While most of the buyers anticipate further turmoil if the US economy slides … Read more