Tag: yahoo finance

BAT names finance director Marroco as CEO as Bowles bows out

Posted on | By s1mple

By Yadarisa Shabong and Richa Naidu

(Reuters) -British American Tobacco appointed finance director Tadeu Marroco as CEO on Monday, succeeding Jack Bowles who is stepping down after about four years.

Marroco started working for the tobacco firm in Brazil in 1992 and was appointed to the board in 2019.

Bowles, who also joined the board in 2019, has led the maker of Lucky Strike and Dunhill cigarettes through a transformation to focus on growth in new categories such as vape and e-cigarettes.

“Having been at the center of the formulation of this strategy, I am convinced that this is the

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Read More » BAT names finance director Marroco as CEO as Bowles bows out

Next CT tax fairness study must focus on inequality

Posted on | By s1mple

The legislature’s tax-writing panel hopes to build upon recent efforts to study income and wealth inequality in Connecticut, endorsing a measure that would broaden the state’s biennial assessments of tax fairness.

The Finance, Revenue and Bonding Committee specifically approved a measure last week that would require future studies to consider all state taxes that generate at least $100 million per year, include tax impacts on the richest one-half of 1% of Connecticut households, and require the inclusion of more demographic information when assessing tax impacts on various income groups.

The proposal, along with the spending and revenue plans and other

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Read More » Next CT tax fairness study must focus on inequality

Bankrupt Bed Bath & Beyond Desperately Seeking Buyer

Posted on | By s1mple

Beleaguered Bed Bath & Beyond Inc. finally filed for Chapter 11 bankruptcy on Sunday, eight months after speculation about its finances suggested a collapse could be coming and days after reports said it was once again running out of options.

The petition—filed Sunday in a New Jersey federal bankruptcy court, along with 72 affiliates—said the Union, NJ-based chain is trying to sell whatever assets it can while shutting down, but will “pivot away from any store closings” if a buyer emerges to rescue the company.

More from Sourcing Journal

One executive sees the struggling company as a cautionary tale for

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Read More » Bankrupt Bed Bath & Beyond Desperately Seeking Buyer

Is Armada Hoffler Properties (AHH) Stock Outpacing Its Finance Peers This Year?

Posted on | By s1mple

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Armada Hoffler Properties (AHH) one of those stocks right now? Let’s take a closer look at the stock’s year-to-date performance to find out.

Armada Hoffler Properties is one of 874 companies in the Finance group. The Finance group currently sits at #16 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within

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Read More » Is Armada Hoffler Properties (AHH) Stock Outpacing Its Finance Peers This Year?

Stocks teeter after Federal Reserve raises rates by 0.25%

Posted on | By s1mple

US stocks got smoked on Wednesday after the Federal Reserve raised interest rates by a quarter percentage point amid a fast-moving banking crisis and Chair Jerome Powell suggested rate cuts were not in the picture this year.

The S&P 500 (^GSPC), the Dow Jones Industrial Average (^DJI) and the technology-heavy Nasdaq Composite (^IXIC) all dropped by about 1.6%.

US government bond yields dipped. The benchmark 10-year Treasury yield slid to 3.4%, while on the front end of the yield curve, two-year yields dropped 3.9%. Oil prices gained, with WTI crude up to $70 a barrel.

The Federal Reserve’s policy-making committee,

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Read More » Stocks teeter after Federal Reserve raises rates by 0.25%

Here’s How Much You Should Have in Your Checking Account

Posted on | By s1mple
praetorianphoto / Getty Images

praetorianphoto / Getty Images

Checking accounts are the bedrock of personal finance in the United States.

See: Here’s How Much Americans Have in Their Savings Accounts in 2023
Find Out: 4 Reasons To Visit Your Bank in Person This Month`

According to a recent GOBankingRates survey of 1,000 adults from all over the country, more than 91% of America has a checking account, the highest percentage among all account types. However, more than one-third of those surveyed say they barely keep any money in checking at all.

GOBankingRates talked to experts who were stunned by the study’s findings, as

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Read More » Here’s How Much You Should Have in Your Checking Account

Biggest 2023 predictions from Yahoo Finance readers

Posted on | By s1mple

Yahoo Finance senior columnist Rick Newman shares some of the biggest predictions for 2023 submitted by Yahoo Finance readers.

Video Transcripts

[AUDIO LOGO]

JARED BLIKRE: Welcome back. Yahoo Finance readers have been weighing in with their predictions for what might be in store in the new year. Senior columnist Rick Newman is here to break them all down for us. And, Rick, when it comes to methodology, just give us a little background here. You told us over the break, you spent– you read, you personally read thousands of these responses.

RICK NEWMAN: I did, yeah. I read all of

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Sedition case against ex-Pak Finance Minister for ‘sabotaging negotiations’ with IMF

Posted on | By s1mple

Islamabad, Feb 13 (IANS) A sedition case has been registered against former Pakistan Finance Minister and Pakistan Tehreek-e-Insaf (PTI) leader Senator Shaukat Tarin in the Federal Investigation Agency’s (FIA) cybercrime wing for sabotaging the negotiations between Pakistan and the International Monetary Fund (IMF), media reports said.

The case has been filed by Arshad Mehmood against Tarin under the Pakistan Electronic Crimes Act (PECA) 2016 for his alleged audio leak that had surfaced on the internet, Geo News reported. Sections 124-A and 505 of Pakistan Penal Code have also been included in the FIR.

A day earlier, the coalition government had

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Read More » Sedition case against ex-Pak Finance Minister for ‘sabotaging negotiations’ with IMF
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