Tag: economic policies

Oil Hits 3-week High as China Eases COVID-19 Curbs

December 27, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
0 Comment

LONDON—Oil hit a three-week high on Tuesday as China’s latest easing of COVID-19 restrictions spurred hopes of a fuel demand recovery, with further support coming from cuts to U.S. energy production caused by winter storms. China will stop requiring inbound travelers to go into quarantine, starting from Jan. 8, the National Health Commission said on…

Read More

Stocks and Commodities Jump as China Drops Quarantine Rule

December 27, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment

LONDON—Stock markets gained on Tuesday after China said it would scrap its COVID-19 quarantine rule for inbound travelers—a major step in reopening its borders. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, outperforming an index of global shares, which rose 0.2 percent. China’s bluechip gained 1 percent. The pan-European STOXX 600 index…

Read More

BOJ Kuroda Dismisses Near-Term Chance of Exiting Easy Policy

December 26, 2022
Asia & PacificbojBusiness & Marketseconomic policieseconomyJapankurodaMarketsWorld
0 Comment

TOKYO—Bank of Japan (BOJ) Governor Haruhiko Kuroda on Monday brushed aside the chance of a near-term exit from ultra-loose monetary policy, although markets and policymakers are signaling an increasing focus on what comes after Kuroda’s tenure ends. Investors have continued to push up Japanese government bond (JGB) yields on expectations the BOJ will phase out…

Read More

Asian Shares Higher in Thin Holiday Trading

December 26, 2022
asianBusiness & Marketseconomic policieseconomyenergyGold and CommoditiesinflationMarketsrecessionstocks
0 Comment

BANGKOK—Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Europe, some Asian cities, and the U.S. closed. Tokyo’s Nikkei 225 index gained 0.7 percent to 26,405.87 and the Kospi in Seoul added 0.2 percent to 2,317.14. The Shanghai Composite index rose 0.7 percent to 3,065.56 and the SET in Bangkok added…

Read More

$15 an Hour Minimum Wage Gains Steam in 23 US States

December 25, 2022
Business & MarketsCompanieseconomic policieseconomyinflationminimum wagepersonal financePoliticsSocial IssuesUSwage gains
0 Comment

Twenty-three U.S. states are on the verge of implementing a $15 an hour minimum wage. Historically high inflation growth has been surpassing wage gains over the past year, leaving millions of American workers struggling to pay their bills. The price of goods is now at a 40-year historical high, while mortgage rates are twice what…

Read More

San Francisco Businesses Demand Tax Refund Over Drugs, Crime, and Homelessness Crisis

December 24, 2022
Business & Marketsbusiness ownersCompaniesCrime Waveeconomic policieseconomyJudiciaryLocal NewsNorthern CaliforniaRegional-Local NewsSan FranciscoSocial IssuesUS
0 Comment

Dozens of San Francisco business owners have formed a new association, demanding that the city government provide tax refunds because of out-of-control streets. The “Tenderloin Business Coalition,” which consists of 135 businesses and property owners in San Francisco’s Tenderloin district, has demanded tax refunds for 2022 after dealing with a wave of rampant crime, homelessness, and drug…

Read More

‘Worst in History’: Critics Rip $1.7 Trillion Government Funding Bill

December 24, 2022
Business & Marketscongresseconomic policieseconomygovernment fundingomnibusPoliticsSpending billUSUS News
0 Comment

In yet another last-minute attempt to avoid a government shutdown, both the Senate and the House approved a massive $1.7 trillion spending bill, which has frustrated many, including commentators, policy experts, and the general public. “This bill is further proof that Republicans and Democrats can come together to deliver for the American people,” President Joe…

Read More

IRS Halts Controversial New Rule Requiring Reporting of $600 Payments

December 23, 2022
Business & Marketseconomic policieseconomyIRSPoliticsruleUSUS News
0 Comment

The Internal Revenue Service (IRS) on Friday announced it would delay a rule that would have required tens of millions of Americans who received payments of at least $600 to report their earnings, following widespread confusion and angst about the new requirements. Under the 2021 American Rescue Plan, anyone who earned $600 via platforms like…

Read More

Stocks Open Lower on Wall Street Ahead of Christmas Holiday

December 23, 2022
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
0 Comment

NEW YORK—Stocks are off to a weak start on Wall Street following some mixed news on the economy. The S&P 500 was down 0.5 percent Friday. The government reported that a key measure of inflation is continuing to slow, though it’s still far higher than anyone wants to see. Also, growth in consumer spending weakened…

Read More

Analysis: Can Republican Power in the House Make a Difference on Energy?

December 23, 2022
2022 Midterm ElectionsBusiness & MarketsChinacongresseconomic policieseconomyenergyEnvironmentExecutive BranchFinance & Business TiesGlobal ExpansionGrassroots ResistancehouseInfiltrating the WestMarketsNational SecurityOilPolicies & ImpactsPoliticsRepublicanRepublicansScienceSpecial TopicsThreat from Communist ChinaUSUS NewsUS-China relations
0 Comment

After talking up a “Red Wave” throughout 2022, the Republican Party ultimately failed to take the Senate in November. Yet, the GOP’s narrow majority in the House of Representatives will let them exercise more influence than they did during the first two years of Joe Biden’s presidency. Where could they be most valuable? Judging by…

Read More