FINANCE
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Supply chain fog clearing for plane suppliers, Constellium says
PARIS (Reuters) -Visibility for aviation suppliers is improving, helped by Airbus’ measures to overcome supply chain snags that hit demand in the past year, aluminium products maker Constellium said on Wednesday. Bottlenecks in the supply chain, notably for engines, have hampered Airbus’ efforts to ramp up output, though the jet maker has maintained a 2025 delivery target. Constellium, one of…
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This 6.7% Dividend Stock Looks Absurdly Good Today
I first initiated a position in Enterprise Products Partners (NYSE: EPD) more than two years ago. How has that investment fared so far? Not bad. The midstream energy company has generated a total return of roughly 45%. Granted, that performance lags behind the S&P 500‘s total return of 56% during the same period. However, one thing I could count on,…
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Oracle stock touches all-time high after earnings beat
Oracle stock (ORCL) jumped 14% on Thursday to touch an all-time high of $202.44 after the company’s fiscal fourth quarter results topped Wall Street’s expectations. Oracle’s adjusted revenue of $15.9 billion was ahead of the projected $15.6 billion, while its earnings per share of $1.70 surpassed the expected $1.64. The company raised its annual revenue forecast, as it expects strong…
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Stellantis offers voluntary redundancy scheme at Turin plant
(Refiles to fix typo in plant’s name) MILAN (Reuters) -Stellantis has started a voluntary redundancy plan for 610 workers at its Mirafiori plant in Turin, Italy, after introducing the scheme at other Italian facilities, the automaker said on Monday. Stellantis is so far cutting up to 1,600 staff in total across Italy this year through the voluntary redundancy scheme. At…
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Make US lenders ‘safe to fail’
The Federal Reserve’s new top banking cop Michelle Bowman said Friday she wants to revisit bank regulations made in the wake of the 2008 financial crisis so that risk is “effectively managed” and lenders can fail without hurting the economy. In her first remarks since being confirmed this week as the new vice chair of supervision at the central bank,…
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Global alarms rise as China’s critical mineral export ban takes hold
By Jarrett Renshaw and Ernest Scheyder (Reuters) – Alarm over China’s stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production delays and outages without a quick solution. German automakers became the latest to warn that China’s export…
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5 Types of Investments Poised To Benefit
Suze Orman is feeling optimistic about the stock market. On a mid-May episode of her “Women & Money” podcast, she predicted that the market could “absolutely skyrocket” through the end of 2025 and into early 2026, despite short-term volatility. In her view, long-term investors should avoid fear-based selling and instead focus on building wealth through smart, diversified investing. Advertisement: High…
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What is property damage liability insurance, and how does it work?
Property damage liability insurance pays for car accident-related damage you cause to other people’s property. Since it’s a required coverage in most states, you likely already have it if you have an auto insurance policy. It’s important to understand property damage liability insurance so you can decide if you have enough coverage in case you cause a crash. Learn more:…
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The bad economic vibes are causing more people to stock up on gold
ROMAIN COSTASECA/Hans Lucas/AFP via Getty Images Bad vibes in the economy are making gold a more attractive investment. Demand for physical gold jumped 13% in the first quarter, according to the World Gold Council. Gold dealers say clients are worried about the dollar’s decline, a debt crisis, and other scenarios. Marc Faber, a longtime investor who says his nickname is…
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How these two major credit scoring models compare
When you apply for a credit card or loan, creditors need a quick way to determine if you’re trustworthy. How do they do it? Before the invention of credit scores, they had to get creative. Creditors relied on anything from letters of recommendation to financial background checks, and some just used their personal judgment. Thanks to FICO, things have changed.…
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