Tag: economic policies

Russia Threatens to Ignore Oil Price Cap and Charge Buyers Regular Prices or Cut Them Off, Says Russian Foreign Minister

December 2, 2022
BRICsBusiness & Marketseconomic policieseconomyenergyEuropeEuropean UnionInternationalMarketsprice capRussiaRussian oilUKUkraineUSWorld
0 Comment

Moscow threatened to ignore the oil price cap set by the West and said that Russia will continue to charge buyers regular prices, or they cut them off. The Russian government would not follow the cap level that the European Union (EU) and the G-7 has proposed on Russian oil prices since and would prefer…

Read More

Dollar Slips to 5-month Low, Yuan Set for Biggest Weekly Gain Since 2005

December 2, 2022
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
0 Comment

LONDON—The dollar was pinned near a five-month low against a basket of major currencies on Friday ahead of key U.S. labor market data, while the yuan was set for its biggest weekly gain since China abandoned its dollar peg and revalued its currency in 2005. The dollar index, which measures the currency against six major…

Read More

Oil Steady Ahead of OPEC+ Meeting, EU Russian Oil Ban

December 2, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesMarketsOilstocks
0 Comment

LONDON–Oil futures were broadly stable on Friday, but were poised to end the week up, ahead of a meeting by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday and an EU ban on Russian crude oil kicking in on Monday. Brent crude futures were up 14 cents, or 0.2 percent,…

Read More

World Shares Slip, Dollar Nurses Losses as US Payrolls Loom

December 2, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment

LONDON—European shares opened lower, Treasuries held on to gains and the dollar was nursing heavy losses on Friday ahead of U.S. non-farm payrolls data, the next big test for investors looking for more signs of a rates policy shift from the Federal Reserve. Data overnight including falling U.S. job openings and contracting U.S. manufacturing activity,…

Read More

Inflation Eases but Remains 300 Percent Above Fed’s Target, New Data Shows

December 2, 2022
Business & Marketseconomic policieseconomyFederal ReserveinflationInvestmentMarketsPersonal Consumption Expenditures Indexpersonal financerecessionUS
0 Comment

New data shows that U.S. inflation rates have eased but still remain 300 percent above the Federal Reserve’s target. The personal consumption expenditures index (PCE) for October, a measure of inflation that is closely monitored by the Fed, was released on Dec. 1 by the Bureau of Economic Analysis. The central bank is using the headline PCE…

Read More

Job Cuts Soar 127 Percent In November Amid Wave of Tech Layoffs

December 1, 2022
Business & MarketsCompanieseconomic policieseconomyinflationjob cutspersonal financerecessiontech sectorUS
0 Comment

The rate of job cuts in the United States soared 127 percent in November, amid a wave of layoffs in the tech industry. The American employers announced 76,835 cuts last month, a 127 percent increase from the 33,843 cuts in October, according to a report by Challenger, Gray & Christmas. Last month saw a 417…

Read More

GOP Attorneys General Seeking to Prevent Vanguard From Purchasing Utilities Over Climate Agenda

December 1, 2022
Big Tech, Censorship, and SocialismBusiness & Marketsclimate change agendaCompanieseconomic policiesESG StandardsFeatured Topicsinvesting in utility companiesPacifiCorpPolicies & ImpactsPoliticsSocial IssuesUSVanguard
0 Comment

A coalition of 13 Republican attorneys general filed a “motion to intervene” on Monday, asking a federal energy regulator to block The Vanguard Group from buying shares of publicly listed utility firms due to its decarbonization goals. In February, Pennsylvania-based Vanguard asked the Federal Energy Regulatory Commission (FERC) to extend the blanket authorization granted in…

Read More

LIVE Hearing: Investments in Fair and Affordable Housing to Combat Inflation

December 1, 2022
Business & Marketseconomic policiesEpochTVEpochTV LiveHearing investment on housinginflationLive VideosPolicies & ImpactsUSVideo
0 Comment

On Thursday, Dec. 1, at 10:00 a.m. ET, the House Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) are hosting a virtual hearing. The hearing is about how to combat inflation through investment in fair and affordable housing. This event will be livestreamed on Epoch TV on Dec 1. Access the livestream…

Read More

Hearing: Investments in Fair and Affordable Housing to Combat Inflation

December 1, 2022
Business & Marketseconomic policiesEpochTVEpochTV LiveHearing investment on housinginflationLive VideosPolicies & ImpactsUSVideo
0 Comment

On Thursday, Dec. 1, at 10:00 a.m. ET, the House Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) are hosting a virtual hearing. The hearing is about how to combat inflation through investment in fair and affordable housing. This event will be livestreamed on Epoch TV on Dec 1. Access the livestream…

Read More

S&P 500, Nasdaq Edge Higher on Solid Consumer Spending Data, Easing Prices

December 1, 2022
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
0 Comment

The S&P 500 and Nasdaq opened higher on Thursday after data showed a mild easing in inflation and solid consumer spending in October, adding to hopes of a likely downshift in the Federal Reserve’s aggressive rate hike policy. The Dow Jones Industrial Average fell 56.2 points, or 0.16 percent, at the open to 34533.59. The…

Read More