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Dollar Struggles as Big Rate Hike Bets Cool
LONDON—The U.S. dollar struggled versus its major rivals on Monday as traders reassessed the prospects of aggressive rate hikes, while the euro led gainers at the start of the European Central Bank’s annual summit in Portugal. Aggressive interest rate hike bets have boosted the dollar in recent days with an index rising to a near…
Oil Prices Slip Ahead of G7 Talks on New Russian Sanctions
LONDON—Oil prices edged lower on Monday in a volatile session as investors waited for any moves against Russian oil and gas exports that might come out of a meeting of leaders of the Group of Seven (G7) nations in Germany. The prospect of even tighter supplies loomed over the market as western governments sought ways…
Japan Warns of Tight Power Supply Amid ‘Extreme’ Heatwave
Japan’s government issued a tight power supply warning on Monday, urging its citizens and businesses to conserve electricity as the country faces an extreme heatwave. The Ministry of Economy, Trade, and Industry issued the warning in anticipation of a spike in electricity demand, particularly between 4 to 7 p.m. local time on Monday, when the…
Man Refused $50 Million Offer to Buy His Island, Now It’s the World’s Smallest National Park
Brendon Grimshaw, a former newspaper editor who was tired of the rat race, traded his success for doing something completely different and bought an island, dedicating the rest of his life to restoring its ecological habitat. Refusing a $50 million offer to sell the island, his wish was to make the piece of land accessible to…
Stocks Extend Bear Market Bounce as Inflation Angst Eases
MILAN/TOKYO—World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global stocks up for a third…
Four Battle to Win New Colorado Congressional District GOP Primary
A state senator, a mayor, a county commissioner, and a former Green Beret combat veteran who works in the oil patch are vying for the Republican party’s nod in the June 28 GOP primary in Colorado’s newly created Congressional District 8 (CD 8). One of seven new U.S. House districts created nationwide following post-2020 Census…
G-7 Unveils $600 Billion Global Infrastructure Plan to Counter China’s ‘Debt Trap’
The Group of Seven (G-7) nations plan to raise $600 billion over the next five years for a global infrastructure program that will serve as a “positive alternative” to models that sell “debt traps.” G-7 leaders from the United States, Canada, Germany, Italy, Japan, and the European Union unveiled the Partnership for Global Infrastructure and…
Court Supports Lawsuit Against Pinterest for Depriving Compensation
A U.S. judge upheld a lawsuit filed by Christine Martinez against Pinterest Inc. in September, Bloomberg reports. Pinterest co-founders Ben Silbermann and Paul Sciarra allegedly deprived Martinez of compensation for her critical ideas regarding the platform. The court denied Pinterest’s motion to dismiss the suit. However, it eliminated co-founder Sciarra as a defendant because he left Pinterest a…
Known and Suspected Terrorists Entering US in Unprecedented Numbers: Rep. Higgins
Known and suspected terrorists are entering the United States in unprecedented numbers amid a surge in illegal immigration, according to Rep. Clay Higgins (R-La.). In an interview with NTD, the Louisiana representative stated that the Biden administration is providing “absurd” figures on the actual number of known and suspected terrorists entering America through its borders. Higgins, a decorated law enforcement…
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