By the time you reach your 60s, the end of your career probably feels within reach. Depending on how much retirement savings you have, that can either be a good thing or a bad thing. You might be excitedly awaiting the moment you can finally hand in your letter of resignation. Or you might be worried that poor health or a job loss might force you from your position before you've built up enough of...
By the time you reach your 60s, the end of your career probably feels within reach. Depending on how much retirement savings you have, that can either be a good thing or a bad thing. You might be excitedly awaiting the moment you can finally hand in your letter of resignation. Or you might be worried that poor health or a job loss might force you from your position before you've built up enough of a nest egg. In either situation, the new super catch-up contribution for workers aged 60 to 63 could help you reach your goal. Here's a closer look at how it works. Image source: Getty Images. Continue reading
Three LNG Tankers Are First To Cross Strait Of Hormuz Since War Started While a growing number of ships have been traversing the Strait of Hormuz, with Lloyd's List reporting a total of 142 vessels have transited since the start of March, but 67% of that traffic has a direct affiliation with Iran... and the figure rises to 90% when looking at traffic in recent days, as some ships have had to pay f...
Three LNG Tankers Are First To Cross Strait Of Hormuz Since War Started While a growing number of ships have been traversing the Strait of Hormuz, with Lloyd's List reporting a total of 142 vessels have transited since the start of March, but 67% of that traffic has a direct affiliation with Iran... and the figure rises to 90% when looking at traffic in recent days, as some ships have had to pay fees in yuan or cryptocurrencies before being escorted through the strait... IRAN’S TOLL SYSTEM IS NOW LIVE IN THE STRAIT OF HORMUZ In the last 24 hours, around 10 ships have made it through. Here’s how the system works: The IRGC is running an informal checkpoint inside the Strait. 1. Ships submit cargo and vessel details through intermediaries 2.… https://t.co/Q21S0gN0Zm pic.twitter.com/PrSDQpKo3R — Milk Road Macro (@MilkRoadMacro) April 2, 2026 ... one vessel class that has so far failed to make the key crossing are LNG-carrying VLCCs, which are critical to ease the Asian nat gas supply crunch because, unlike oil, there are no Hormuz alternatives or bypass pipelines to bring LNG/nat gas to gas-starved Asian customers where demand destruction is now rampant. But that is about to change: according to Bloomberg , a liquefied natural gas tanker has entered the Strait of Hormuz, and if it successfully navigates the waterway would become the first such vessel to pass through the strait since the start of the war. The Sohar LNG tanker, which appears not to be loaded with cargo, is moving eastward after changing its destination to the Qalhat LNG export terminal in Oman, according to ship-tracking data. The vessel, which is signaling that it’s an Omani ship, had been circling around the Persian Gulf over the past month, the data show. LNG ships have avoided the strait since the conflict broke out on Feb. 28, disrupting about a fifth of the world’s supply of the fuel. According to Bloomberg, which first reported about the crossing , the ship’s manager, recorded as Oman Ship Manageme...
Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund about PIF potentially taking an anchor stake of around $5 billion in the space company’s IPO, according to two people familiar with the matter. The investment would partly prevent dilution of PIF’s existing stake of just under 1% in SpaceX, the sources said. The rocket maker has been lining up anchor i...
Billionaire Elon Musk’s SpaceX has had discussions with Saudi Arabia’s Public Investment Fund about PIF potentially taking an anchor stake of around $5 billion in the space company’s IPO, according to two people familiar with the matter. The investment would partly prevent dilution of PIF’s existing stake of just under 1% in SpaceX, the sources said. The rocket maker has been lining up anchor investors well ahead of its stock market debut, three other sources said.
May ICE NY cocoa (CCK26 ) today is down -98 (-2.93%), and May ICE London cocoa #7 (CAK26 ) is down -11 (-0.45%). Cocoa prices are sliding today amid dollar strength ($DXY ) and concerns about chocolate demand. According to Bloomberg Intelligence, early estimates for chocolate candy sales this Easter...
May ICE NY cocoa (CCK26 ) today is down -98 (-2.93%), and May ICE London cocoa #7 (CAK26 ) is down -11 (-0.45%). Cocoa prices are sliding today amid dollar strength ($DXY ) and concerns about chocolate demand. According to Bloomberg Intelligence, early estimates for chocolate candy sales this Easter...
MarioGuti/iStock Unreleased via Getty Images To offset higher operating costs due to increased fuel prices, Amazon ( AMZN ) is implementing a 3.5% fuel surcharge to fulfillment services for U.S. and Canadian third-party sellers on its platform. Beginning April 17, Amazon ( AMZN ) will add the fee to Fulfillment by Amazon (FBA) orders in the U.S. and Canada, as well as to Remote Fulfillment FBA fro...
MarioGuti/iStock Unreleased via Getty Images To offset higher operating costs due to increased fuel prices, Amazon ( AMZN ) is implementing a 3.5% fuel surcharge to fulfillment services for U.S. and Canadian third-party sellers on its platform. Beginning April 17, Amazon ( AMZN ) will add the fee to Fulfillment by Amazon (FBA) orders in the U.S. and Canada, as well as to Remote Fulfillment FBA from the U.S. into Canada, Mexico, and Brazil. Starting on May 2, a surcharge will also apply to Buy with Prime in the U.S. and Multi-Channel Fulfillment (MCF) in the U.S. and Canada. The surcharge will be based on fulfillment fees, not the sale price of items sold. On average, this translates into an additional $0.17 per unit for all U.S. FBA. With the cost of fuel increasing by as much as 65% since the start of the war with Iran, FedEx ( FDX ) and UPS ( UPS ) have also implemented fuel surcharges, both of which base the additional charge on the weekly published national average for a gallon of diesel fuel. More on Amazon Amazon: This Is Worse Than You Think Amazon: Short-Term Pressure, Long-Term Opportunity Amazon's Bears Watch FCF Go Negative But Miss CEO's Lion's Share View CGI and Amazon Web Services sign AI collaboration deal for US public sector Globalstar rallies 15% as report signals Amazon deal talks
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Target ( TGT ) has been one of the worst-performing retail stocks of its generation, severely trailing Walmart ( WMT ) and Costco ( COST). Besides a cheap valuation, I argued that Target can't offer investors an exciting story unless an activist investor-led push would completely change the company's strategic path . Target's recentl...
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images Target ( TGT ) has been one of the worst-performing retail stocks of its generation, severely trailing Walmart ( WMT ) and Costco ( COST). Besides a cheap valuation, I argued that Target can't offer investors an exciting story unless an activist investor-led push would completely change the company's strategic path . Target's recently announced " Strategic Plan " is exactly what I, as an investor, didn't want to see. It's what I call a 'Let's do what's right and not do what's wrong' plan, and those rarely work. I'm downgrading Target back to " Hold" for that reason. Target Needs A Transformative Change When people hear "Walmart," they know they're getting truly everyday low prices and a great e-commerce experience. When they think about "Costco," they can envision unique goods at crazy bargains, a surprising assortment, and amazing staff. When they think about "Target," I argue they can't really pinpoint a unique identity . Data by YCharts This is why, over the past decade, Target has generated investor returns that are minuscule compared to those retail juggernauts. Simply, Target has been losing customers at a fast clip, profitability has dropped, and revenue barely kept up with inflation. Seeking Alpha. Looking at these numbers, one thing is very clear: something has to change for Target to become an attractive investment story. Target's Issue Is There's No Clear Way Out Many popular brands went through a bad stretch. Not many of them came out stronger. Think about Nike ( NKE ), Under Armour ( UA ), Nestle ( NSRGY ), or Starbucks ( SBUX ), all of which experienced a sharp drop in customers, and none have so far been able to get out of the hole. In my mind, the issue with such powerhouse brands is two-fold. One, customers who have churned are extremely tough to get back; Two, it's really difficult to truly change such expansive operations. Let's say you used to shop at Target, but for one reason or a...
The Commodity Futures Trading Commission headquarters in Washington, DC, US, on Friday, Dec. 23, 2022. Ting Shen | Bloomberg | Getty Images A federal commission on Wednesday announced lawsuits against three states over its ability to exclusively regulate prediction markets . The Commodity Futures Trading Commission said it was taking Arizona, Connecticut and Illinois to court over what it describe...
The Commodity Futures Trading Commission headquarters in Washington, DC, US, on Friday, Dec. 23, 2022. Ting Shen | Bloomberg | Getty Images A federal commission on Wednesday announced lawsuits against three states over its ability to exclusively regulate prediction markets . The Commodity Futures Trading Commission said it was taking Arizona, Connecticut and Illinois to court over what it described as the states' actions "against" contract markets that were registered with the organization. CFTC has the "exclusive" authority to oversee event contracts through the Commodity Exchange Act, the commission said in a release. But the organization said it found various states trying to outlaw or hamper activities of designated contract markets that are operating in accordance with the law. Congress has granted the CFTC — rather than individual states — the sole authority to regulate these markets, the body said. "This is not the first time states have tried to impose inconsistent and contrary obligations on market participants," CFTC Chairman Michael S. Selig said in a statement. "But Congress specifically rejected such a fragmented patchwork of state regulations because it resulted in poorer consumer protection and increased risk of fraud and manipulation." The CFTC's lawsuits come amid mounting scrutiny of prediction markets on Capitol Hill and elsewhere as platforms like Kalshi and Polymarket skyrocket in popularity. A group of Congressional Democrats last week introduced legislation banning prediction market bets on topics including elections, war and sports. Rep. Seth Moulton, D-Mass., said he would ban prediction market usage by staff , a policy that's believed to be a first-of-its-kind in Congress. Sabrina Perel, the NFL's chief compliance officer, asked prediction market operators to block event contracts that are deemed "objectionable" in a letter obtained by CNBC. Perel pointed out that the CFTC believes sports-related contracts should have unique regulation. The...
A great effort will be needed to undo the damage once the US president has gone. But with the constitution unable to bring him to order now, that is what we must do The US is extraordinary. One day it goes to the far side of the moon and revives the space age. On the same day, its president is looking to the far side of the Earth and says he will take Iran “back to the stone ages” . It may be a gi...
A great effort will be needed to undo the damage once the US president has gone. But with the constitution unable to bring him to order now, that is what we must do The US is extraordinary. One day it goes to the far side of the moon and revives the space age. On the same day, its president is looking to the far side of the Earth and says he will take Iran “back to the stone ages” . It may be a giant leap for mankind, but in what direction? There can be no point other than prestige in sending humans to the moon, which is why more than 50 years have passed since they last went there. Robots can perform all we need in space. Returning the Iranians to the stone age is a different matter. The last time the US made the same boast was against Vietnam in a typical threat (much misquoted) by Gen Curtis LeMay. Vietnam crushed the US in the ensuing war. Simon Jenkins is a Guardian columnist Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...