LONDON—The dollar edged further away from recent 20-year highs on Wednesday ahead of the U.S. Federal Reserve policy meeting, at which the central bank is expected to raise rates by another 75 basis points to tame soaring inflation. But moves in currency markets were modest as traders await the policy announcement at 1800 GMT. Money…
Dollar Creeps Lower as Large Fed Rate Hike Looms
July 27, 2022
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Make Schools ‘A No-Go Zone for Closure,’ Says Education Expert
As Ontario and other provinces offer more tax dollars to help students catch up on schooling losses during the pandemic, some education experts say the more important consideration is to keep schools from ever closing again. On July 25, the Ontario government presented a Plan to Catch Up that provides more than $26.6 billion in funding…
House Democrats Propose Bill to Place Term Limits on Supreme Court Justices
House Democrats on Tuesday introduced a bill to place term limits on U.S. Supreme Court justices in a bid to “restore balance” to the majority conservative bench. The bill’s sponsor, Rep. Hank Johnson (D-Ga.), chair of the Judiciary Subcommittee on Courts, claimed that the nation’s higher court faced a “legitimacy crisis.” “Five of the six…
Peter Menzies: Under the Liberals, the Hammer Keeps Smashing Down on Western Canada’s Leading Industries
Commentary The Trudeau government has launched a fresh new offensive in its economic war on Western Canada—once again under the guise of a brutally ill-conceived climate policy. Oblivious to the consequences and unprepared to offer alternatives, federal Agriculture Minister Marie-Claude Bibeau let her provincial counterparts know last week that there would be no compromise on…
Oil Rises on US Inventory Drop, Russian Gas Cuts
LONDON—Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a looming U.S. interest rate hike. Industry group the American Petroleum Institute said on Tuesday crude stocks fell by 4 million barrels, four…
Buoyant Company Earnings Lift Recession-Focused Markets
July 27, 2022
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LONDON—Better-than-expected earnings from a raft of U.S. and European companies helped steady global stock markets on Wednesday, cutting through gloom caused by rising interest rates and the threat of an energy crunch due to Russian gas supply cuts. Ten-year U.S. Treasury bond yields—the reference rate for global cost of capital—held near three-month lows touched on…
Trump Teases White House Run at America First Agenda Summit; Migrant Conveyor Belt at Border: Expert | NTD Good Morning
Trump returns to Washington to give the keynote address at the America First summit. But will he run in 2024? An expert says he saw a conveyor belt roaring to life at the border. What does he mean by that? The trial for damages begins for Alex Jones. The talk show host is accused of…
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