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- BusinessInsider Monkey
Should You Hold Malibu Boats (MBUU) for the Long Term?
SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun Small Cap Strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the strategy increased 7.01% on a gross basis (6.83% net) compared to a 5.18% return for the Russell 2000 Index and 2.90% for […]
3 min read - BusinessAssociated Press Finance
Stock market today: Asian markets wobble after Fed sticks with current interest rates
Asian markets wobbled in Thursday trading after U.S. stocks swung to a mixed finish with the Federal Reserve delaying cuts to interest rates. U.S. futures surged and oil prices were higher. Later, the yen reversed its course and erased the previous gains.
4 min read - WorldReuters
Explainer-What are Japan's tactics based on latest suspected yen intervention?
The yen surged against the dollar on what traders suspect was another round of intervention by Japanese authorities to stem the currency's sharp declines. The yen fell below the key 160-to-the-dollar line after Bank of Japan Governor Kazuo Ueda said on Friday the currency's recent declines had little immediate impact on prices - remarks traders saw as ruling out a near-term interest rate hike. Having seen the dollar/yen spike above the psychologically important 160 mark, Japan likely intervene
4 min read - WorldReuters
Greek summer wildfire threat nears, outpacing plans to contain it
When firefighters arrived at a blaze in a pine forest on the Greek island of Rhodes last July, flames were already leaping above the trees into the night sky. As another summer approaches, and as climate change makes wildfires ever more deadly across southern Europe, Greece has developed a new doctrine to contain the damage, including deploying an extra fire truck to each new blaze, speeding up air support and clearing forests. But five firefighters and three experts said the initiative doesn'
3 min read - BusinessInsider Monkey
Do You Believe in the Long-Term Prospects of Boot Barn Holdings (BOOT)?
SouthernSun Asset Management, LLC, an investment management firm, released its “SouthernSun Small Cap Strategy” first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the strategy increased 7.01% on a gross basis (6.83% net) compared to a 5.18% return for the Russell 2000 Index and 2.90% for […]
3 min read - BusinessBBC
US warns rates to stay high as it battles inflation
The US central bank has left interest rates unchanged again, noting a "lack of further progress" on inflation.
3 min read - WorldReuters
Analysis-Russia can't match a Western asset seizure, but it can inflict pain
Russia's ability to mete out like-for-like retaliation if Western leaders seize its frozen assets has been eroded by dwindling foreign investment, but officials and economists say there are still ways it can strike back. The United States wants to seize immobilised Russian reserves - around $300 billion globally - and hand them to Ukraine, while EU leaders favour ringfencing profits from the assets, estimating they will total 15-20 billion euros by 2027. Russia says any attempt to take its cap
6 min read
