Tag: economic policies

Analysts: Deutsche Bank Is Not the Next Credit Suisse

March 30, 2023
bank failuresBusiness & MarketsCompaniesCredit SuisseDeutsche Bankeconomic policieseconomyEuropean banksEuropean Central Bank (ECB)germany inflationinflationInvestment
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After the collapse of Switzerland’s second-largest bank, Credit Suisse, investors looking for the next bank failure fixed their eyes on Deutsche Bank, Germany’s largest bank. The tell-tale signs of blood in the water appear in a bank’s share price and the cost of its credit-default swaps (CDS). Equity investors last week sold off Deutsche Bank…

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House Passes Sweeping Energy Bill; Schumer Says ‘Dead-on-Arrival’ in Senate

March 30, 2023
American energyBusiness & Marketscongresseconomic policieseconomyenergyEnergy BillHouse of RepresentativesPoliticsUSUS News
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The House of Representatives passes a bill, 225–204, on March 30 that seeks to lower energy costs for Americans. Four Democrats voted in favor of the measure. The bill, introduced by House Majority Leader Steve Scalise (R-La.), would, among other things, increase American energy production, reduce regulatory burdens, repeal the natural gas tax, increase the…

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Trump-Era Trends Could Have Yielded 850 Million More Barrels Under Biden: Expert

March 30, 2023
Business & MarketsBusinesses in COVID-19ChinaChina Business & EconomyCompaniescongressDemocratseconomic policieseconomyenergyGlobal ExpansionHR 1inflationInvestmentOilPoliticsRepublicansSpecial TopicstechnologyThreat from Communist ChinaTrumpUSUS NewsUS-China relations
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The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if it had matched trends under President Trump, according to testimony from an energy expert before the House of Representatives. “Had the Biden administration simply mirrored the Trump administration’s production growth rate, daily oil…

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Trump-Era Oil Trends Could Have Produced 850 Million More Barrels Under Biden: Expert

March 30, 2023
Business & MarketsBusinesses in COVID-19ChinaChina Business & EconomyCompaniescongressDemocratseconomic policieseconomyenergyGlobal ExpansionHR 1inflationInvestmentOilPoliticsRepublicansSpecial TopicstechnologyThreat from Communist ChinaTrumpUSUS NewsUS-China relations
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The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if it had matched trends under President Trump, according to testimony from an energy expert before the House of Representatives. “Had the Biden administration simply mirrored the Trump administration’s production growth rate, daily oil…

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China Ditches US Dollars in New Brazil Agreement, Settles First LNG Trade in Yuan

March 30, 2023
BrazilBusiness & MarketsChinaChina Business & Economyeconomic policieseconomyenergyEuropeEurope-China RelationsGlobal ExpansionInternational RelationsMarketsSpecial TopicsUSWorldyuan
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China settled its first purchase of liquefied natural gas (LNG) in the yuan as the world’s second-largest economy continues to accelerate the currency’s presence in the international market. China National Offshore Oil Corporation (CNOOC), the country’s largest offshore oil and gas producer, acquired an LNG shipment from France’s TotalEnergies through the Shanghai Petroleum and Natural…

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More Americans File for Jobless Claims; Layoffs Remain Low

March 30, 2023
benefitsBusiness & MarketsCompanieseconomic policieseconomyinflationjoblessMarketsrecessionunemployementUSUS News
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U.S. applications for jobless benefits rose last week but remain at historically low levels despite efforts by the Federal Reserve to cool the economy and the job market in its fight against inflation. Jobless claims in the U.S. for the week ending March 25 rose by 7,000 to 198,000 from the previous week, the Labor…

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Red State Residents Have Lighter Tax Burdens Compared to Americans in Blue States

March 30, 2023
Business & Marketseconomic policieseconomypersonal financePolicies & ImpactsRed states and blue statestax burdenUSUS News
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Red states maintain their lead when it comes to lower tax burdens compared with blue states. Tax-filing day is coming up on April 18, leaving many taxpayers worried about how it will affect their finances, as many are still struggling as a result of the pandemic and higher prices. WalletHub, a credit score site, released a…

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Euro, Dollar Steady as Bank Fears Recede, Inflation in Focus

March 30, 2023
Business & Marketseconomic policieseconomyForexglobalinflationMarketsrecessionstocks
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LONDON—The U.S. dollar and euro steadied on Thursday as concerns over the banking sector receded, while investors switched focus to inflation for more hints on central banks’ next rate moves. Inflation data from German states, used to calculate a preliminary inflation figure for the eurozone’s largest economy due at 1200 GMT, have started to come…

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Oil Rises on US Crude Draw, Iraqi Supply Risks

March 30, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices rose on Thursday on a surprise drop in U.S. crude stockpiles and a halt in exports from Iraq’s Kurdistan region. Brent crude futures rose 40 cents, or 0.51 percent, to $78.68 a barrel at 0926 GMT, while West Texas Intermediate crude rose 52 cents, or 0.71 percent, to $73.49 a barrel. U.S. crude…

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Stocks Firmer as Investors Bet Banking Crisis Is Behind Them

March 30, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—A steadier tone in global stocks continued on Thursday as investors hoped the banking sector had turned a corner on its recent turmoil to help markets end the quarter on a positive note. The dollar and crude oil prices were stable, with calmer markets allowing investors to focus more on the economy, as Spanish inflation…

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