The International Monetary Fund has warned of more market sell-offs as central banks attempt to combat higher inflation and ease back on pandemic stimulus measures. Market players started 2021 on an optimistic note, predicting some economic momentum amid the easing of COVID-19 restrictions, which would likely boost stocks. However, since Russia invaded Ukraine, that outlook…
US Gas Prices Rising Again: AAA
April 20, 2022
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Business & Economycommoditieseconomygas pricesgasoline consumptionMarketsRussia-Ukraine WarUSUS News
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U.S. gas prices, which had been falling in recent days from their record highs in March, have begun to rise once more, based on data from the American Automobile Association (AAA). Regular gas prices averaged $4.114 per gallon nationwide on April 20, according to AAA, up by 0.75 percent when compared with $4.083 per gallon…
Oil Range-Bound Following IMF Prediction of Lower Global Growth
April 20, 2022
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Business & Economycommoditiesglobal oil pricesIMF - International Monetary FundMarketsRussia Ukraine invasionRussian Oil Trade
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Oil prices were trading range-bound on Wednesday after the International Monetary Fund (IMF) scaled down its global growth projections for 2022. Prices fluctuated as it received support from concerns about tighter supplies. Brent oil futures were trading at around $108.20 per barrel as of 13:42 UTC on April 20, very near to its opening price….
Biden Admin Announces New Land Available for Oil and Gas Leases in Seven States
April 20, 2022
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Business & Economyeconomic policieseconomyExecutive Branchfederal landJoe Bidenoil and gasPoliticsUSUS News
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The Biden administration issued environmental assessment and sale notices for oil and gas leases on federal land in seven different states on April 18—a step taken reluctantly to come into compliance with a court order. The move comes days after the Department of Interior announced it would resume oil and gas lease sales on public…
US Dollar Risks Mount As Threats to Market Dominance Grow
Risks for the U.S. dollar are mounting, leaving some market analysts determining if the greenback hegemony is coming to an end or merely facing hurdles that the currency will eventually overcome. For now, the consensus is that the dollar is still king, but multiple threats are forming that could undermine the buck’s dominance in global…
Existing Home Sales Dip as Mortgage Rates Spike, House Prices Hit Record High
Sales of previously-owned homes in the United States fell in March as mortgage rates climbed to a 12-year high, leading mortgage refinance demand to plunge by an annual 68 percent while house prices hit a new record. Total existing-home sales fell 2.7 percent over the month and 4.5 percent over the year in March, marking the…
Russia Tweaks Tax Code to Make It Easier for Foreign Firms to Pay in Roubles
Russian lawmakers on Wednesday passed an amendment to the tax code that they said would make it easier for foreign companies to open accounts with Russian banks and pay for Russian gas and other goods in roubles. Russian President Vladimir Putin last month signed a decree demanding foreign buyers pay for gas in roubles or…
Here’s How Morgan Stanley Previews Apple Ahead of Q2
Morgan Stanley analyst Katy Huberty saw Apple Inc. iPhone 13 and Mac strength more than offset relative underperformance in iPad and Services, leading her to expect upside to the Street’s consensus March quarter (Q2) revenue forecast. Huberty also saw more cautious commentary on the June quarter (Q3) consensus of $86.7 billion, which appeared too high due to China’s COVID…
We Followed the Directives of the Central Committee of the Communist Party of China
Commentary The horrific scenes in Shanghai in the last few weeks, as residents face starvation because of the way China’s Zero-COVID policy is being enforced, reminded me of my first trip to China over forty years ago, when I ran a conference between Australian and Chinese journalists in November 1981. Figure 1: A photo of…
China is Nearly Done Building a Taiwan Invasion Fleet
April 20, 2022
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assault on TaiwanBusiness & EconomyBusiness ColumnistsCCP NavyChina’s People’s Liberation Army (PLA)OpinionViewpoints
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Commentary The Treaty of Versaille that ended World War I prohibited Germany from creating an air force. So, before plunging the world into the cataclysm of World War II, Adolph Hitler engaged in a massive, clandestine, determined, effort to build Germany’s air force, the Luftwaffe, under the guise of building out Germany’s civil airline, Lufthansa. By…
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