EXCLUSIVE Top EU official backs multi-trillion plan to rebuild Ukraine

Rebuilding Ukraine will cost trillions of euros – top EU banks EIB chief Hoyer calls for Marshall-style Plan for Ukraine Urges West and its banks to underwrite Ukraine finances BRUSSELS, May 11 (Reuters) – A top European official has backed a multi-trillion-euro “Marshall” -style plan to rebuild Ukraine, pledging the firepower of the EU lending … Read more

Oil prices are surging – these eight stocks are still bargains for long-term investors

The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020. Even though the energy sector … Read more

Oil prices are surging – these eight stocks are still bargains for long-term investors

The combination of underinvestment in new oil wells and rising demand underscores what might be a long period of high prices for energy commodities. Meanwhile, many oil and gas stocks are still trading at low valuations to expected earnings despite a sector-wide rally stretching back to the end of 2020. Even though the energy sector … Read more

Exclusive: Germany prepares crisis plan for abrupt end to Russian gas

BERLIN, May 9 (Reuters) – German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the matter told Reuters. The preparations being led by the Ministry of Economic Affairs show the heightened state of alert about … Read more

Tata, India’s electric vehicle king, takes a frugal road less traveled

PUNE, India, May 2 (Reuters) – To make its first electric vehicle for the consumer market, India’s Tata Motors Ltd (TAMO.NS) repurposed an unused shop floor at its flagship plant. Here, there’s no fancy assembly line – Nexon SUV bodies designed for gasoline models are wired and fitted with battery packs by hand. The area, … Read more

Labor Department Criticizes Fidelity’s Plan to Put Bitcoin on 401 (k) Menu

“We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, said in an interview with The Wall Street Journal. Mr. Khawar’s group works within the Labor Department to regulate company-sponsored retirement plans. In the interview, he said he views cryptocurrency as speculative. There is “a … Read more

Labor Department Criticizes Fidelity’s Plan to Put Bitcoin on 401 (k) Menu

“We have grave concerns with what Fidelity has done,” Ali Khawar, acting assistant secretary of the Employee Benefits Security Administration, said in an interview with The Wall Street Journal. Mr. Khawar’s group works within the Labor Department to regulate company-sponsored retirement plans. In the interview, he said he views cryptocurrency as speculative. There is “a … Read more

US Stocks Finish Volatile Session With Gains

US stocks flipped higher Monday as government-bond yields retreated and investors took the opportunity to scoop up shares of beaten-down technology and other growth stocks. The S&P 500 climbed 24.34 points, or 0.6%, to 4296.12 after dropping nearly 1.7% earlier in the session. The Dow Jones Industrial Average advanced 238.06 points, or 0.7%, to 34049.46. … Read more

Cryptoverse: 10 billion reasons why bitcoin could become a reserve currency

April 12 (Reuters) – A cryptocurrency campaign promises to raise $ 10 billion in bitcoin to support its own “stablecoin” is set on fire. It is part of a broader movement to crown bitcoin as the reserve currency of the new century. Seoul-based Terraform Labs has so far built up nearly $ 40,000 worth of … Read more

Cryptocurrency and gambling collide in risky economies “play to earn”

April 8 (Reuters) – Jarindr Thitadilaka says he earned up to $ 2,000 a month last year from his collection of digital pets, which he would breed and send into battle to earn cryptocurrencies. The 28-year-old from Bangkok was playing Axie Infinity, one of a new type of blockchain-based online game called “play-to-earn”, which mixes … Read more