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  Bloomberg

  Five Key Charts to Watch in Global Commodities This Week

  (Bloomberg) -- Gold’s relentless surge to fresh record highs is proving to be a puzzle for many market observers. An oil rally is making it more costly for some traders to protect themselves from surging crude prices in what has quickly become a very bullish market. And as crop traders await insights from the US Department of Agriculture’s key report on global demand, American farmers are enjoying the best-post winter wheat conditions in years.Most Read from BloombergTrumpism Is Emptying Churche

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  Reuters

  Australia supermarkets should face hefty fines for code of conduct breach, says report

  SYDNEY (Reuters) -Australia's major supermarkets should face hefty fines if they do not comply with an industry code of conduct when dealing with suppliers, a government-commissioned report said while rejecting calls to give regulators the power to break up the big chains. Supermarkets with more than A$5 billion ($3.3 billion) in annual revenue - which at present are Woolworths, Coles, Germany's ALDI and wholesaler Metcash - should be forced to comply with the code of conduct that has until now been voluntary, the interim report by former competition minister Craig Emerson recommends.

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  Barrons.com

  Bitcoin ETFs Are a Hit. But Wall Street Might Have a Long Wait for the Next Crypto Funds.

  Wall Street hopes for a quick follow-up to Bitcoin ETFs are fading fast. The Securities and Exchange Commission technically has until late May to approve or deny applications to launch the first exchange-traded funds that would hold Ether the second-largest cryptocurrency. On May 23, the agency faces a final deadline to make a decision on an application by VanEck for changes that would let it launch an ETF holding spot Ether, which has a market value of about $400 billion.

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  Reuters

  Oil steadies after dip on Middle East ceasefire talks

  LONDON (Reuters) -Global oil benchmark Brent steadied above $91 a barrel on Monday, reducing early losses prompted by Israel withdrawing more soldiers from Gaza and committing to fresh talks on a potential ceasefire in the Middle East conflict. Brent crude futures were down 16 cents, or 0.2%, at $91.01 a barrel by 1335 GMT. Israel said on Sunday it had withdrawn more soldiers from southern Gaza.

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  SmartAsset

  I Want to Convert $920k from a 401(k) to a Roth IRA. How Can I Reduce Taxes?

  Transferring funds from a 401(k) into a Roth IRA lets you make tax-free free withdrawals in retirement, avoids rules on mandatory distributions and adds flexibility for estate planning. However, when converting a large amount of money, the potential tax bill becomes a major issue. Fortunately, strategies exist that can reduce the tax bill significantly and […] The post I Want to Convert $920k from a 401(k) to a Roth IRA. How Can I Reduce Taxes? appeared first on SmartReads by SmartAsset.

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  SmartAsset

  I'm 65 Years Old With $750k in an IRA. I'm Taking Social Security – Is It Too Late for a Roth Conversion?

  If you’re 65 years old and collecting Social Security, you may wonder if it’s too late to convert your $750,000 traditional IRA into a Roth IRA. The short answer is no – there are no legal restrictions to Roth conversion based on age or income. Practically, however, the decision involves carefully weighing tax implications, healthcare […] The post I'm 65 Years Old With $750k in an IRA. I'm Taking Social Security – Is It Too Late for a Roth Conversion? appeared first on SmartReads by SmartAsset.

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  Bloomberg

  Ecuador’s President Gambles Mexico Embassy Raid Will Pay Off at Home

  (Bloomberg) -- Ecuador’s President Daniel Noboa took a big gamble when he violated international rules by sending police to storm the Mexican embassy. So far, it’s paying off for him.Most Read from BloombergTrumpism Is Emptying ChurchesRBC Fires CFO Ahn After Probe Into Personal RelationshipYellen Implores China to Rethink Economic Growth StrategyWhy India’s South Rejects Modi — And Why It MattersThe Odds of $100 Oil Are Rising as Supply Shocks Convulse the MarketPolice raided the building on Fr

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  Associated Press Finance

  Salvage crews have begun removing containers from the ship that collapsed Baltimore's Key bridge

  Salvage crews on Sunday began removing containers from the deck of the cargo ship that crashed into and collapsed the Francis Scott Key Bridge in Baltimore, an important step toward the full reopening of one of the nation’s main shipping lanes. The removal of the containers from the deck of the Dali would continue this week as weather permits, according to a statement from the Key Bridge Response Unified Command. Crews were progressing toward removing sections of the bridge that lie across the ship's bow to eventually allow it to move, the statement said.