Shell hit record high profits in 2022. Photo: MAY JAMES (Reuters)Shell’s profits hit a record high of $42.3 billion in 2022—double what it made in 2021, and perhaps the highest profits posted by any British company in history. How Shell spent those profits left little doubt about its priorities: $26 billion went toward dividends and…
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Big Oil had an outstanding 2022 thanks to booming demand and short supply. The industry’s record-breaking profits fueled higher dividend payments and impressive share buyback plans. Governments haven’t turned a blind eye, however, with the EU and UK levying windfall profit taxes against the industry.Can Colombia Really Replace Oil And Gas Revenue? Big Oil had…
Nic Claxton has surprised everyone on the court over the past few weeks. Suddenly, he’s a two-way dynamo after taking a leap as wide as his wingspan. But he might have impressed Nets head coach Jacque Vaughn the most recently while sitting in a tub. Vaughn was ready to depart Wells Fargo Center on Wednesday…
You are here: Home/ News/ Fintech/ DCG Subsidiary Genesis Preps Up To File BankruptcyJanuary 19, 2023 by Lipika Deka DCG’s subsidiary Genesis might soon file bankruptcy and is reportedly in talks with creditors, according to a Bloomberg report.The development follows after its parent firm Digital Currency Group [DCG], informed its shareholders of suspending dividends until…
Home » Business » Digital Currency Group halts dividends as Genesis preps bankruptcy filing Barry Silbert’s Digital Currency Group (DCG) has suspended its quarterly payments to shareholders as its struggling Genesis Global subsidiary tips ever closer to bankruptcy. On Wednesday, Bloomberg cited sources close to Genesis Global Capital, who said the troubled digital asset lending platform was “laying the groundwork for…
Photo: Anna Moneymaker/Getty ImagesMembers of the right-wing House Freedom Caucus are seeing the first dividends from the deal they struck to give House Speaker Kevin McCarthy (R-Calif.) his gavel: prime committee assignments.Why it matters: The plum postings for Republican rebels fulfill a key concession McCarthy made, handing conservatives greater influence over the GOP conference's congressional…
Among George Santos’s many lies and embellishments and cover-ups is how, exactly, he came into so much money so quickly. Just a few years ago, Santos claimed no major assets and a $55,000 salary. Two years later, his net worth skyrocketed and he apparently boasted a nearly seven-figure salary and millions in dividends. He even…
Preparing for retirement may take more time, money, and effort than you think. It is especially harder to transition this year as inflationary pressures intensify. Although it may benefit savers and lenders, its impact is less desirable than we think. It erodes the value of dollars and, in turn, hurts the purchasing power of consumers.…
ISTANBUL, Dec 28 (Reuters) - Several big Turkish banks want to issue dividends to shareholders after posting record profits in 2022 and the country's BDDK banking watchdog is considering the request, three banking sources familiar with the issue said.Each year the BDDK makes recommendations regarding banks' profit distribution. In 2021, dividends were up to 10%…
DALLAS -- Southwest Airlines said Wednesday that it is bringing back dividends for shareholders, which it suspended when the pandemic devastated the airline business in early 2020.Dallas-based Southwest said in a regulatory filing that it will pay a quarterly dividend of 18 cents per share on Jan. 31.The move comes as air travel rebounds and…