LONDON—The U.S. dollar resumed its backward slide on Monday as risk appetite across markets tentatively strengthened, supported by more encouraging economic data and bets that the Federal Reserve will tighten policy at a slower pace. The dollar index—which tracks the greenback against six major rivals—is on track for its first monthly drop in five, as…
12 Foods That Are Very High in Omega-3 | Eat Better
Omega-3 fatty acids have all sorts of benefits for your body and brain. Many mainstream health organizations recommend a minimum of 250–500 mg of omega-3 per day for healthy adults. You can get high amounts of omega-3 fats from fatty fish, algae, and several high-fat plant foods. On this episode of Eat Better, we will…
‘Hard Not to See How Someone Doesn’t Get Fired’: Rep. Crenshaw Calls for Police Accountability in Uvalde School Shooting
Rep. Dan Crenshaw (R-Texas) said “protocols were not followed” in the police response to last week’s mass school shooting in Uvalde, Texas, calling for accountability. “It’s hard not to see how someone doesn’t get fired for these very, very bad calls,” he told CNN’s “State of the Union” on May 29, referencing the Uvalde police…
‘Hard Not to See How Someone Doesn’t Get Fired,’: Rep. Crenshaw Says Police Accountable in Uvalde School Shooting
Rep. Dan Crenshaw (R-Texas) said “protocols were not followed” in the police response to last week’s mass school shooting in Uvalde, Texas, calling for accountability. “It’s hard not to see how someone doesn’t get fired for these very, very bad calls,” he told CNN’s “State of the Union” on May 29, referencing the Uvalde police…
Stocks Rise, Dollar Struggles on Fed Bets
SYDNEY/MILAN—World shares rose on Monday and the dollar was pinned near five-week lows on hopes of an eventual slowdown in U.S. monetary tightening following sharp interest rate hikes in June and July. Helping to mellow the mood was news that Shanghai authorities would cancel many restrictions on businesses resuming work from Wednesday, easing a city-wide…
Russia Plans Bond Payment System Like Rubles-for-Gas Scheme to Get Around Sanctions
May 30, 2022
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Russia’s finance chief said Moscow is planning a new system for making foreign bond payments similar to the rubles-for-gas scheme in an effort to prevent a historic sovereign default after Washington ended a key sanctions exemption that raised Russia’s chances of defaulting on its debt. Anton Siluanov, Russia’s finance minister, was cited by Vedomosti on…
U.S. Household Saving Rate Vanishes, Credit Card Debt Soars
Commentary The U.S. consumption figure seems robust. A 0.9 percent rise in personal spending in April looks good on paper, especially considering the challenges that the economy faces. This apparently strong figure is supporting an average consensus estimate for the second-quarter gross domestic product (GDP) of 3 percent, according to Blue Chip Financial Forecasts. However,…
What Should Be Done?
Commentary In one respect President Joe Biden did speak faithfully for the nation when he returned from Southeast Asia and went straight to the White House and declared in his remarks about the appalling school murders in Uvalde, Texas, that he was “sick and tired” of these murders. So is the country. He demanded the…
Firearm, Ammunition Stocks Soar in Wake of Texas School Shooting
Shares of a number of firearm and ammunition manufacturers have risen sharply since the deadly mass shooting at an elementary school in Uvalde, Texas, on May 24. Smith & Wesson Brands stock rose 8.4 percent in the two days following the shooting incident which left 19 children and two adults dead, according to The Washington Post. Shares…
Who Are These Mysterious ‘Activists’ We Keep Hearing About?
Commentary Anonymous activists seem to be surfacing in news reports with ever-greater frequencies. Activists are involved in a wide array of issues, but having just written about the widespread adoption of ESG scores, I am struck by the repeated references to activists who are promoting ESG. For example, The Wall Street Journal recently reported, “BlackRock’s…
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