LONDON—The U.S. dollar eased from a 2–1/2-month high versus the yen on Friday and looked set for its first weekly loss against major peers since January as traders tried to gauge the path for Federal Reserve policy. The yen, which is particularly sensitive to U.S.–Japanese long-term interest rate differentials, looked set to halt its six-week…
Oil Prices Stable, Heading for Weekly Gain
LONDON—Oil prices held steady on Friday, poised to register a weekly gain as renewed optimism on China’s demand recovery overrode recession worries over growing U.S. crude inventories and tightening monetary policy in Europe. Brent crude futures edged up by 4 cents, or 0.05 percent, to $84.79 a barrel by 0936 GMT. U.S. West Texas Intermediate…
Global Stocks Follow Wall Street Higher on Interest Rate Hopes
BEIJING—Global stock markets advanced Friday after a Federal Reserve official raised hopes the U.S. central bank might not step up its anti-inflation fight as much as feared. London, Shanghai, Frankfurt, and Tokyo gained. Oil prices edged higher. Wall Street rose Thursday for the first time in three days after the president of the Federal Reserve…
Government Should Control Spending, Not Dip Into Our Retirement Nest Eggs
Commentary The announcement by the federal government that it intends to change the tax structure on superannuation (pension funds) should be of concern to all Australians. Indeed, it should be concerning to all Australians as it is arguably retrospective. We are once again seeing a federal treasurer targeting a soft target (superannuation) in an attempt…
PREMIERING 7:30PM ET: Jeffrey Tucker: $6 Trillion Created Unprecedented Inflation, All to Feed the ‘Lockdown Machine’
“While we slept—while we thought the world was just fine—what was actually happening was a tremendous distortion of the production structures.” I sit down with Jeffrey Tucker, senior economics columnist for The Epoch Times and founder and president of The Brownstone Institute. Tucker says labor supply problems are approaching catastrophic levels with historically low worker-to-population…
PREMIERING NOW: Jeffrey Tucker: $6 Trillion Created Unprecedented Inflation, All to Feed the ‘Lockdown Machine’
“While we slept—while we thought the world was just fine—what was actually happening was a tremendous distortion of the production structures.” I sit down with Jeffrey Tucker, senior economics columnist for The Epoch Times and founder and president of The Brownstone Institute. Tucker says labor supply problems are approaching catastrophic levels with historically low worker-to-population…
Jeffrey Tucker: $6 Trillion Created Unprecedented Inflation, All to Feed the ‘Lockdown Machine’
“While we slept—while we thought the world was just fine—what was actually happening was a tremendous distortion of the production structures.” I sit down with Jeffrey Tucker, senior economics columnist for The Epoch Times and founder and president of The Brownstone Institute. Tucker says labor supply problems are approaching catastrophic levels with historically low worker-to-population…
Push for Green Energy Increases US Reliance on China, Benefiting Regime: Cybersecurity Expert
The push for green energy is increasing U.S. reliance on China and, thus, is benefiting the communist regime immensely, according to Rex Lee, a cybersecurity adviser at My Smart Privacy. As the Biden administration “races to deploy green energy,” the demand for materials to produce electric vehicle batteries—such as lithium and cobalt—continues to surge. Meanwhile,…
Fed Officials Debate Higher Versus Just Longer After January Inflation Jump
WASHINGTON—U.S. Federal Reserve officials were divided Wednesday over whether recent high inflation data and a continually hot jobs market will require even more restrictive interest rates, or just patience in maintaining tight monetary policy for a longer period of time. In remarks to a business event in Sioux Falls, South Dakota, Minneapolis Fed President Neel…
Trading Places: Democrats Back Corporations as GOP Punishes Them
The ideological clash about how much control government should have over private companies was encapsulated yesterday in two Wall Street Journal op-ed pieces that many readers might find surprisingly contradictory. The first, written by Senate Majority Leader Chuck Schumer (D-N.Y.), rails against government intervention in corporate affairs; the second, by Republican Florida Gov. Ron DeSantis,…
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