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Russian Stocks Pulled from Major Indexes

Russian Stocks Pulled from Major Indexes

Russian stocks are being yanked from the DJI and S&P 500
before trading next Wednesday

With Russia’s invasion of Ukraine, index powerhouse S&P Dow Jones Indices said Friday that all equities listed and or located in Russia will be removed from its benchmarks, further cutting the country off from the rest of the global economy.

The move will effectively strip Russia of its “emerging market” economic status.

S&P Dow Jones Indices said the elimination, which takes effect before the market opens next Wednesday, also affects Russian American depositary receipts (ADRs).

The company, which manages the Dow Jones Industrial Average and the S&P 500, also announced that Russia will be declassified as an emerging market and put in a separate category.

Russian military assaulted Europe’s largest nuclear power plant in Ukraine early Friday morning, igniting a fire at a nearby training site.

The attack was labelled a war crime by the US embassy in Kyiv.

Trading in three Russian ETFs — Franklin FTSE Russia ETF (FLRU), iShares MSCI Russia ETF (ERUS), and Direxion Daily Russia Bull 2X Shares — was suspended by the NYSE earlier Friday (RUSL). The halts were attributed to “regulatory concerns,” according to the exchange.

Since the geopolitical tensions erupted, exchange-traded funds that monitor Russian markets have been in a spiral. After losing 27.9% on Monday, the iShares MSCI Russia ETF fell 33.4 percent on Tuesday, its worst day since the fund’s launch in 2010.

In the meantime, the VanEck Russia ETF finished February with a loss of 54.9 percent, its worst month ever.

 

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Russian Stocks Pulled from Major Indexes

53% of Americans Happily Take a Pay Cut to Get a Lower Stress Job

53% of Americans Happily Take a Pay Cut to Get a Lower Stress Job

Many Americans are burn out & willing to work for less
if they find a a better work life balance.

In 2021, the ‘Great Resignation’ resulted in around 47 million people quitting.

Many of them did so in exchange for lower compensation.

According to a January online study of 1,000 persons by Real Estate Witch, 53 percent of those who quit their positions indicated they made less money in their new jobs.

According to the poll, the average wage decrease was roughly $8,000, but some workers would be ready to take a pay cut much lower.

The poll went on to say that those who resigned but had yet to find another employment said they would take a $23,000 wage loss on average.

What prompted them to choose a lower-paying job? Work-life balance and overall satisfaction.

More than 60% of those polled indicated they were happy in their new positions, and the percentage of those who said they were extremely satisfied climbed by about 50% compared to how they felt in their previous jobs.

Those whose jobs include a high degree of thinking, such as programmers, chemists, and attorneys, were the subject of a previous survey of workers conducted by Paro (a company that provides accounting and financial solutions for organizations).

According to the study, the group that was polled favored work-life balance over earning more money.

“The pandemic and their experiences have transformed their beliefs,” said Paro CEO Anita Samojednik. “Right now, the wage is simply insufficient.”

Of course, some workers who changed occupations did see their take-home income increase.

According to a poll conducted by The Conference Board, roughly one-third of individuals who lost their employment due to the epidemic are now earning 30% more in new occupations.

However, roughly 27% of people who changed employment claimed their new position paid the same or less.

Think BEFORE You Jump

Taking a wage reduction, of course, would have a direct impact on your finances and may not be appropriate right away, according to Tania Brown, a certified financial advisor in Atlanta.

If you’re thinking about choosing a lower-paying job, she says there are a few things to think about before making any decisions.

The first step is to determine why you wish to quit your current position. Are you exhausted? Will a different profession or career provide you with more satisfaction? Do you intend to relocate?

Answering questions like this can help assure that you don’t make a hasty judgement that you’ll come to regret later, according to Brown.

“Emotions have no logic,” Brown explained, “and you’re attempting to make a math judgement based on emotion. It’s simply not going to work.”

You might want to wait if you’re only a few months away from paying off debts or achieving another financial objective.

Furthermore, you may discover that you don’t want to leave your work, but rather want additional freedom or a shift in your function.

If this is the case, now is a good opportunity to request a different schedule, take on new duties, or add more flexibility to your employment, according to Samojednik.

“There’s a lot more leeway,” she explained. She said she’s seen a lot of individuals dabble with freelancing on the side of a full-time job to try out a new work or become their own boss.

Run The Numbers…

If you realize that changing careers is actually what you want, you’ll need to perform some serious calculations, according to Brown.

This involves examining your present budget and financial objectives to determine whether you can still achieve them on a lower salary.

If you need to limit your spending, Brown recommends living as if you’ve already taken a wage reduction for a few months to see how it goes. It will offer you a taste of what life would be like if you take a pay reduction, and it will help you determine whether a pay cut is actually what you desire.

You should also consider how generating less money may affect your long-term ambitions, according to Brown. How will your increased salary affect the deadlines for those milestones if you’re saving for a house or expecting a child? Is it worth it to you to wait if it will take longer?

If you’re part of a family, you should also seek advice from other family members. That includes discussing the adjustments with your husband and children, such as fewer trips or less money for extracurricular activities, and determining if it is feasible for everyone.

“This needs to be a family issue,” Brown added, “since your decision affects everyone in the household.”

Skyrocketing inflation will cause even more financial pressure, but after two years of dealing with the pandemic, it’s causing a lot of workers to evaluate their priorities.

And for many, making a few dollars more but sacrificing their mental health in the process just isn’t a viable long term solution.

In fact, there’s been an influx of people into our trade alerts as many professionals look to outsource some of their income generation as they focus on enjoying their life.

53% of Americans Happily Take a Pay Cut to Get a Lower Stress Job

 

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Commodities Skyrocketing: Trading on Wheat Halted

Commodities Skyrocketing: Trading on Wheat Halted

With the continuation of Russia’s war on Ukraine, commodity prices are hitting their highest levels since 2008.

Wheat prices soared to their highest levels in more than a decade on Tuesday, as traders worried about global supply disruptions as Russia’s invasion of Ukraine progressed.

Wheat futures hit a high of 984 cents a bushel on Tuesday, the highest level since April 4, 2008, when wheat hit a high of 985.5 cents per bushel.

The grain was traded “limit up,” which refers to the maximum amount a commodity’s price can rise in a single day. Wheat was trading at 982.75 cents per bushel at 8:44 a.m. ET, up 5.22 percent.

According to JPMorgan, Russia is the world’s largest exporter of wheat, with Ukraine being among the top four.

According to Bank of America, 17 percent of the 207-million-ton worldwide wheat trade comes from Russia, while 12 percent comes from Ukraine.

In a Feb. 14 note, JPMorgan’s Marko Kolanovic said, “Wheat and corn are the most susceptible agriculture commodities to any possible increase in hostilities.”

Corn futures also touched a high of 724.5 cents per bushel on Tuesday, the most since May. Corn futures last traded at 721.75 cents a bushel, up 4.49 percent, after trading was suspended.

Russia’s war on Ukraine has sparked huge price increases in the commodities markets, after having been virtually dormant for decades.

To see commodities halted for hitting the limit up stop is incredibly rare and will add even more fuel to the inflationary fire we’ve already begun to see.

 

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Commodities Skyrocketing Trading on Wheat Halted

Shell Pulls The Plug on Current Russian Projects

Shell Pulls The Plug on Current Russian Projects

With continued Russian aggression towards Ukraine, energy giant Shell cuts ties with it’s current projects on Russian soil.

As the Russia-Ukraine war continues, Shell said it’s dissolving its “equity agreement” with Gazprom, a Russian state-owned energy corporation.

Shell is selling a 27.5 percent share in Sakhalin-II, a Russian integrated oil and gas project, as well as a 50% ownership in Salym Petroleum Development N.V., a joint venture with Gazprom Neft seeking to develop the Salym fields in the Khanty Mansiysk Autonomous District in western Siberia. The business has announced that it is withdrawing from the Nord Stream 2 pipeline project.

Shell CEO Ben van Beurden stated in a statement, “We are appalled by the loss of life in Ukraine, which we regret, as a result of a misguided act of armed action that undermines European security.”

“Our immediate priority is to ensure the safety of our people in Ukraine and to provide support to our colleagues in Russia,” van Beurden said. “We will also work through the particular commercial ramifications, including the significance of safe energy supplies to Europe and other markets, in conformity with appropriate sanctions, in discussions with governments across the world.”

Shell’s move comes only one day after BP said it was selling its 19.75 percent investment in Rosneft, a Russian-controlled oil business. Meanwhile, following Russia’s invasion of Ukraine, the US, along with other countries, has increased sanctions against it.

At the end of 2021, the business stated it had around $3 billion in “non-current assets” through its Gazprom ventures, and that abandoning these investments would affect the value of Shell’s Russia assets.

With Russia becoming increasingly alienated economically from the rest of the world, and with the skyrocketing cost of the war with Ukraine, it will be interesting to see whether the Russian economy and monetary system will be able to hold up.

There are already reports of long lines of Russians desperately trying to withdraw their money from the banking system…

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Shell Pulls The Plug on Current Russian Projects