Image source: Getty Images Last spring, Vodafone (LSE:VOD) bowed to what many considered to be inevitable and cut the dividend on its shares. The FTSE 100 firm announced plans to cut the annual dividend for this financial year (to March 2025) by a whopping 50%. It said the decision to rebase cash rewards “at a sustainable level…. ensures appropriate cash flow cover and sufficient flexibility to invest in the business for growth“. While disappointing to income investors, Vodafone sought to soothe the blow by pledging share buybacks and stressing its “ambition to grow [dividends] over time“. So should I consider…
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Snow blankets the city in this aerial drone photograph in Buffalo, New York, on December 25, 2022.Joed Viera | Afp | Getty ImagesMuch of the eastern half of the United States is bracing for severe weather this weekend, with “life-threatening” flash flooding possible in parts of the Southeast and significant snow set to blanket the Upper Midwest through to New England.The heaviest snowfall — with possible totals in the double digits — is expected in Michigan, upstate New York, Vermont, New Hampshire, northern Massachusetts and the interior of Maine, according to the National Weather Service.The NWS warned early Saturday that severe flash flooding is…
Image source: The Motley Fool It’s not often that hyper-growth stocks are mentioned in the same breath as Warren Buffett. The investment portfolio of his holding company, Berkshire Hathaway, tends to mainly buy mature blue-chips. So it’s safe to say that Nu Holdings (NYSE: NU) is a bit of an outlier in Berkshire’s portfolio. The firm is a fast-growing digital disruptor shaking up the traditional banking system across Latin America. Admittedly, this is a small holding and we can’t be sure that Buffett bought it himself. More likely, it was one of his two investing lieutenants, Todd Combs and Ted…
Economics is an endeavor where progress can feel awfully slow. In the hard sciences — physics, chemistry, biology, and the like — experiments and data can and do settle debates once and for all. But in economics and finance, theories often linger on for decades even as the empirical evidence against them piles up year after year. This frustrating “life beyond death” of economic theories has inspired at least one economist to write an entire book about the phenomenon. The problem in economics and finance is that they deal with human beings who change their behavior all the time, so…
As the US imposes tariffs on trading partners around the world, retaliation may not only come in the form of tit-for-tat duties. Other countries could reduce their reliance on the US dollar or respond in the Treasury market, a former OMB director said.President Donald Trump has laid out aggressive plans to impose tariffs, but the response from US trading partners may not only come in form of retaliatory duties.That’s according to Peter Orszag, director of the Office of Management and Budget in the Obama administration, who warned in a Washington Post op-ed that Trump’s trade war could expand beyond tariffs.”Military…
Image source: Getty Images I’ve bought some brilliant UK stocks over the last couple of years and thank heavens for that. Because I’ve also picked up five stinkers. They’ve stuck to the bottom of my portfolio, giving off a nasty odour. So why did I buy them? With James Bond car maker Aston Martin, the answer is easy. Because I’m an idiot. After the shares dropped 95%, I thought they couldn’t do worse. But they did! They’re down another 34% over the last 12 months. I’m down 30%. In my defence, this was a flutter with a tiny corner of…
Associated Press White House reporter Darlene Superville and AP photographer Ben Curtis are told by a U.S. President Donald Trump administration member that they have been denied from joining the White House press pool in West Palm Beach, Florida, U.S., February 15, 2025. Kevin Lamarque | ReutersReuters on Saturday objected to the restrictions placed on media outlets by the White House, after the Trump administration earlier this week barred the Associated Press from key spaces such as the Oval Office and Air Force One. “Reuters stands with the Associated Press and other media organizations in objecting to coverage restrictions imposed by…
Summary: Capital One is a Virginia-based credit card company founded in 1994. Over the years, Capital One has expanded its offerings to include a full suite of financial products and services for consumers and businesses, including savings accounts, checking accounts, credit cards, and more. Capital One also gives customers access to an extensive library of educational resources and credit tools. Capital One was ranked as one of our top 10 online banks for 2025. See our full ranking of the 10 best online banks>> The Capital One 360 checking account is a basic fee-free checking account that doesn’t require any…
President Donald Trump welcomes South Korea’s President Moon Jae-In at the White House in Washington, U.S., May 22, 2018.Carlos Barria | ReutersDETROIT — As President Donald Trump threatens to further increase tariffs on U.S. trading partners, the greatest impact for the auto industry outside of North America would be additional levies on South Korea and Japan.The East Asian countries produced a combined 16.8% of vehicles sold last year in the U.S., including a record 8.6% from South Korea and 8.2% from Japan, according to data provided to CNBC by GlobalData.They were the largest vehicle importers to the U.S. outside of…
(Bloomberg) — The strong US economy has left distressed debt investors starved of opportunity but that may be about to change, according to veteran high-yield analyst Marty Fridson. Most Read from Bloomberg The latest Federal Reserve survey of senior loan officers showed banks raising standards by the most in three years when they’re lending to medium-sized and larger companies. That’ll put the squeeze on borrowers already grappling with higher funding costs and global volatility from escalating trade wars. “At the margin, a tightening of credit standards puts more companies in serious risk of default,” said Fridson, a former strategist at…