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Search resuls for: "floundering"


8 mentions found


☆ The "ultimate buy-and-hold" investment fund that hasn't changed its strategy since 1935 is crushing 94% of competitors this year. Here are its top 10 holdings — and how it's beating the bear market.
  + stars: | 2022-10-28 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +5 min
The Voya Corporate Leaders Trust Fund is the "ultimate buy and hold," says manager Christina Bargeron. The fund hasn't changed its strategy since 1935 — yet it's still outperforming 94% of competitors. Christina Bargeron may be the client portfolio manager of the Voya Corporate Leaders Trust Fund, but she won't take credit for its outrageous outperformance this year. So far this year, the Voya Corporate Leaders Trust Fund is down just 2%, compared to the average 9% decline among other funds in its category. The widespread Depression-induced distrust of banks also ensured that no financial firms made their way into the Voya Corporate Leaders Trust Fund.
☆ Russians schemed to send U.S. military technology to Russian defense sector, Justice Department says
  + stars: | 2022-10-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Tom_Winter_Nbc_News.Jpg | Tom Winter | ) www.nbcnews.com   time to read: +3 min
Two Russian nationals were arrested in a scheme to obtain sensitive U.S. military electronics and technology to provide it to the Russian defense sector, prosecutors said Wednesday, noting that some of the items were found on the battlefield in Ukraine. The men sent the items to sanctioned Russian companies that serve the defense sector, according to federal prosecutors. "This network schemed to procure sophisticated technology in direct support of a floundering Russian Federation military industrial complex," Assistant FBI Director Michael Driscoll said in a statement. When Orekhov and Kuzurgasheva sought to buy the sensitive U.S. military and "dual-use technology," they falsely claimed it was going to the Russian space agency Roscosmos. In an exchange with Soto, Orekhov used colorful language to allay his concerns about dealing with Russian companies.
☆ South Korean household loans shrink sharply in Sept as rates rise
  + stars: | 2022-10-13 | by ( ) www.reuters.com   time to read: +2 min
SEOUL, Oct 13 (Reuters) - South Korean households' loans from banks fell by the biggest amount in more than a year in September amid rising interest rates and an extended property market slowdown, further clouding the outlook for Asia's fourth-largest economy. Bank lending to households, including policy mortgage loans, shrank 1.2 trillion won ($840.96 million) in September, after a 0.3 trillion won gain in August, according to Bank of Korea data on Thursday. Growth in housing mortgage loans slowed to 0.9 trillion won, from 1.6 trillion won in the previous month, while other lending decreased by 2.1 trillion won, led by credit loans. South Korea's central bank has been aggressive in raising interest rates since August last year to tame the world's highest household debt and surging inflation. read moreThe country's property market has abruptly gone from sizzling hot to floundering.
☆ Iraq Can’t Afford OPEC-Mandated Oil Production Cut, Senior Leader Says
  + stars: | 2022-10-10 | by ( Benoit Faucon | David S. Cloud | ) www.wsj.com   time to read: 1 min
Iraq can’t afford to reduce its oil production as part of a move by OPEC+ to slash output, according to the top candidate for the Iraqi prime minister’s post, who said the country needs the money to bolster its floundering economy. The Saudi-led Organization of the Petroleum Exporting Countries and its Russia-led allies agreed to cut output by 2 million barrels of oil a day last week. Critics, including the U.S., said the cut was meant to push up already-high global energy prices and help Russia pay for its war in Ukraine. Riyadh and Moscow, OPEC+’s biggest producers, have grown closer in recent years as they benefit from the alliance.
☆ A $227 million London mansion is up for sale after its Chinese billionaire owner's net worth fell by 83% in 2 years, report says
  + stars: | 2022-10-08 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
A $227 million mansion for sale in London is owned by Evergrande founder Hui Ka Yan, the FT reported. The home was originally thought to be owned by Chinese billionaire Cheung Chung-kiu. Hui saw his net worth plummet as he fire-sold assets when Evergrande defaulted on $300 billion debt. Hui has seen his net worth shrink by 83% since July 2020, according to the Bloomberg Billionaires' Index, as shares in Evergrande disintegrated amid a $300 billion loan default at the company. The FT's investigation suggests the London home, which was purchased in January 2020 when Hui's net worth was around $31 billion, is the latest asset to be auctioned off by the embattled billionaire.
☆ 5 things to know before the stock market opens Thursday
  + stars: | 2022-09-22 | by ( Mike Calia | ) www.cnbc.com   time to read: +4 min
Now, the federal funds rate is at 3% to 3.25%, the highest it's been in a little more than 14 years. He pointed to the differences in the yields between 2-year and 10-year Treasury notes, also known as the yield curve. Some analysts and market players see a higher yield on shorter-term debt as a sign a recession is coming. Turmoil in RussiaAn activist participates in an unsanctioned protest at Arbat Street Sept. 21, 2022 in Moscow, Russia. In a virtual address to the UN, Ukraine President Volodomyr Zelenskyy called for a special tribunal that would punish Putin's government.
☆ Andrew Cuomo sex-harass accuser files federal discrimination lawsuit against him, ex-aides
  + stars: | 2022-09-14 | by ( Laura Italiano | ) www.businessinsider.com   time to read: +4 min
Charlotte Bennett was 25 when she became the second aide to accuse Andrew Cuomo of sex harassment. On Wednesday, she filed a federal discrimination lawsuit against him and three of his former aides. The lawsuit alleges Cuomo humiliated her on the job and called her a liar when she fought back. Andrew Cuomo's most outspoken sexual-harassment accusers has sued him in federal court in Manhattan, alleging he humiliated her on the job and retaliated when she complained. The lawsuit alleges Cuomo made unwanted advances throughout her employment as his executive assistant, from May 2019 to June 2020.
☆ Trump's most important 2016 donor is sitting out 2020
  + stars: | 2020-07-24 | by ( Dave Levinthal | ) www.businessinsider.com   time to read: +20 min
Robert and Rebekah Mercer ranked among President Donald Trump's most influential backers in 2016. A representative for Priorities USA Action, a leading pro-Biden super PAC, said the organization wasn't underestimating Trump's reelection forces, Mercers or no Mercers. (Bossie, like former Trump campaign manager Corey Lewandowski and many others, has recently found himself back in Trump's favor.) The Cambridge Analytica data that the Trump campaign paid for was "so stupidly wrong" and a "complete joke," Spicer added. But sources familiar with the Mercers' political spending said they have no evidence that the Mercers are doing so.
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