A revealing podcast has again brought to light the problem of slavery at Chinese Communist Party (CCP)-owned cobalt mines in the Congo and the hypocrisy of green energy advocates. Siddharth Kara, author of Cobalt Red: How The Blood of The Congo Powers Our Lives and a visiting Harvard professor, told his host Joe Rogan about his research and…
Podcast Reveals Modern Day Slavery at CCP-Controlled Cobalt Mines in the Congo
December 28, 2022
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AfricaBusiness & MarketsChinaChina Human RightscobaltCompaniesCongoeconomic policiesEnvironmentGlobal ExpansionGold and CommoditiesInternational RelationsInvestmentMarketsModern SlaveryScienceSpecial TopicsWorld
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Janet Yellen’s Not-so-Good Name
Commentary Treasury Secretary Janet Yellen, who last year assured the nation that inflation was only a fleeting bogeyman, recently took to the pages of the Wall Street Journal to sell the Biden snake oil of a U.S. economy that we are supposed to believe is “resilient,” “strong,” “healthy,” and “robust” thanks to this administration’s endless…
Wall Street Opens Subdued as Investors Digest China Reopening
Wall Street’s main indexes opened muted on Wednesday as optimism around unwinding of pandemic restrictions by China was offset by worries about rising COVID-19 cases in the world’s second-largest economy. The Dow Jones Industrial Average rose 23.20 points, or 0.07 percent, at the open to 33,264.76. The S&P 500 opened higher by 0.31 points, or…
Inflation, Recession, and Earnings Among Factors to Drive US Stocks in 2023
December 28, 2022
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Business & MarketsCompanieseconomic policieseconomyenergyinflationMarketsMedia & Big TechrecessionstocksUSUS News
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NEW YORK—U.S. stock investors could not be more eager to turn the page on 2022, a brutal year dominated by market-punishing Federal Reserve rate hikes designed to tamp down the steepest inflation in 40 years. The S&P 500 is down nearly 20 percent year-to-date with only a few trading days left in 2022, on pace…
Dollar Touches 1-week High Versus Yen Thanks to Rise in Bond Yields
LONDON/TOKYO—The dollar touched its highest in over a week against the yen on Wednesday, boosted by a jump in Treasury yields and by anticipation among investors of a rebound in Chinese growth as COVID-19 curbs loosen. The yen also came under pressure after the Bank of Japan signaled that a surprise policy shift last week…
Oil Prices Fall on Worries About China COVID-19 Surge, Global Recession
December 28, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices fell on Wednesday on concerns that rising COVID-19 cases in China, the world’s top oil importer, will disrupt its economic recovery and fuel demand growth as it unwinds its pandemic restrictions. Brent futures for February delivery fell 78 cents, or 0.9 percent, to $83.55 a barrel, by 0900 GMT. U.S. crude fell 75…
Global Shares Muted as Investors Fret Over China Reopening
December 28, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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SINGAPORE, LONDON—Global equities traded sideways on Wednesday after China took further steps towards reopening its COVID-battered economy, with hopes for an economic rebound tempered by near-term worries over rising cases. MSCI’s broadest index of global stocks was flat as investors stayed on the sidelines at the end of a brutal year for equities. The global…
Moscow to Ban Oil Exports to Nations That Impose Price Cap
December 27, 2022
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Business & Marketseconomic policieseconomyenergyEuropeMarketsoil exportsprice capRussiaRussia-Ukraine WarUSWorld
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Moscow will follow through with its threat to ban oil exports to countries that agree to impose a price cap on Russian oil. President Vladimir Putin announced his government’s long-awaited response to a Western-backed price cap on his nation’s crude exports on Dec. 27. The Russian leader signed an order banning the supply of oil and…
Dow Opens Higher on Easing China COVID-19 Curbs; Tesla Weighs on Nasdaq
The Dow Jones opened higher on Tuesday after China further relaxed its COVID-19 curbs by scrapping the quarantine rule for inbound travelers, while a drop in Tesla shares weighed on the Nasdaq. The Dow Jones Industrial Average rose 20.30 points, or 0.06 percent, at the open to 33,224.23. The S&P 500 opened lower by 1.48…
Dollar Slips as Investors Take Heart From Looser China COVID-19 Rules
LONDON—The dollar fell on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers—a major step in reopening its borders that boosted risk-related currencies such as the New Zealand and Australian dollars. China will stop requiring inbound travelers to go into quarantine on arrival starting Jan. 8, the National Health Commission…
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