Petro and Colombia’s Rule of Law

Former M-19 rebel Gustavo Petro won Colombia’s runoff presidential election Sunday with 50.5% of the vote. His opponent, businessman Rodolfo Hernandez, received 47.3%. The rest of the votes were either intentionally blank or annulled by electoral authorities. With nearly half of all voters declining to endorse Mr. Petro, there is no mandate for radical change. … Read more

Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns, Yale study finds – and those that stayed are not

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished. “We find that equity markets are actually rewarding companies for leaving Russia while … Read more

Small-cap growth stocks are at their lowest P / E valuation in at least 24 years.

Growth stocks typically trade at premium prices. But in this market, rising interest rates have turned small-cap growth stocks into a bargain group. This may be a beautiful setup for long-term investors. The following chart, provided by Alger Director of Market Strategy Bradford Neuman, underscores the opportunity: Alger, FactSet The chart shows the weighted forward … Read more

Small-cap growth stocks are at their lowest P / E valuation in at least 24 years.

Growth stocks typically trade at premium prices. But in this market, rising interest rates have turned small-cap growth stocks into a bargain group. This may be a beautiful setup for long-term investors. The following chart, provided by Alger Director of Market Strategy Bradford Neuman, underscores the opportunity: Alger, FactSet The chart shows the weighted forward … Read more

OPEC Weighs Suspending Russia From Oil-Production Deal

Some OPEC members are exploring the idea of ​​suspending Russia’s participation in an oil-production deal as Western sanctions and a partial European ban begin to undercut Moscow’s ability to pump more, OPEC delegates said. Exempting Russia from its oil-production targets could potentially pave the way for Saudi Arabia, the United Arab Emirates and other producers … Read more

Breaking Russia’s Ukrainian Grain Blockade

Servicemen from a combined sapper team of the International Mine Action Center under the Russian Armed Forces clear mines from the Mariupol Commercial Sea Port on May 23. Photo: Vladimir Gerdo / Zuma Press Vladimir Putin’s Ukraine war is spreading humanitarian and economic hardship far and wide, and on deck is a global food shortage. … Read more

Apple, Amazon, Microsoft Headline Busy Earnings Week

Tech giants including Apple Inc., Amazon. com Inc. and Microsoft Corp. are among the companies headlining a busy earnings week that comes as investors weigh concerns over rising interest rates, the Russian invasion of Ukraine and surging costs. Overall, about a third of the S&P 500 and nearly half of the Dow Jones Industrial Average … Read more

Ukraine’s Grim Economic Toll From War Confronts World Governments

WASHINGTON — Top world financial officials gathered in Washington this past week confronted a grim picture of the growing economic costs of Russia’s war in Ukraine and the challenges they face to help pay Ukraine’s short- and long-term bills. Ukraine needs around $ 5 billion a month in budgetary support for up to five months … Read more