President Joe Biden’s administration is targeting U.S. corporate stock buybacks in his 2023 budget plan announced on March 28 in an effort to discourage businesses from using profits to “enrich executives.” Companies buying back their own shares on the open market is not a new phenomenon, with a record $319 billion of new share buybacks having been authorized so far…
White House Budget Plan Seeks to Add Restrictions on Corporate Stock Buybacks
Japan’s Energy Firms Seek Alternatives Amid Russian Supply Fears
Japanese gas and energy firms are seeking alternate natural gas suppliers amid concerns over potential disruption from Russia, which has been subjected to a barrage of Western sanctions since its invasion of Ukraine, according to reports on Monday. Russia is Japan’s fifth-largest liquefied natural gas (LNG) supplier, accounting for about 8 percent of the country’s consumption….
Will Cryptocurrency Buy Your Next Home?
Bitcoin, Ethereum, Tether, Dogecoin, and Cardano are just a handful of the digital currencies that have been slowly edging their way into our financial system as the cryptocurrency craze spreads throughout the globe. People are using these forms of digital money to purchase everything from hamburgers to hotel rooms and now, apparently, even the American…
What Lies Ahead for the US Housing Market
Commentary The historically hot U.S. real estate market is at a crossroads. The Federal Reserve finally raised interest rates in March in an effort to combat soaring inflation. The average mortgage interest rate has, unsurprisingly, also increased to the highest level since 2019. After average 30-year rates hovered in the 3 percent range in 2021,…
China’s Insider Influence Over Metals Trading Creates Advantage for Its Domestic Enterprises
Commentary Chinese stainless steel giant Tsingshan Holding Group (THG) has for many years relied on short selling to reduce its future costs for nickel, a key component of stainless steel and a major ingredient in lithium-ion batteries. But rather than nickel prices falling as hoped, the price skyrocketed to over $100,000 per ton on March…
Ukraine War Fallout Could Trigger a Significant Shift Away From China, Analyst Says
The globe could begin to see a “significant shift away from China” as the world reevaluates its business ties with the regime in the aftermath of the Russia-Ukraine war, according to economic analyst Christopher Balding. Balding—a senior fellow at the Henry Jackson Society, a UK trans-Atlantic foreign policy think tank, who specializes in Chinese economy…
US Farmers Struggling With Inflation and Equipment Shortages Before Spring Planting Season
The cost of seeds, fuel, fertilizers, machinery, and labor in the United States have skyrocketed, reducing profits for American farmers, while farm tractor manufacturers struggle to keep up with demand. Farmers were already suffering from soaring energy costs before Russia’s invasion of Ukraine further raised the price of fuel and fertilizer required for agriculture. Food producers…
Zelenskyy Calls for ‘Urgent’ Peace Talks With Russia as War Drags On
Ukrainian President Volodymyr Zelenskyy on Friday called for “urgent” and “meaningful” peace talks with Russia that would deliver a negotiated end to the war on terms that are “fair” to Ukraine. In a video address to the nation, Zelenskyy said that, to date, 16,000 Russian servicemen had been killed in the fighting as Ukrainian forces continue…
Biden’s Speech in Warsaw to Urge Western ‘Unity and Resolve’ in Face of Russian Offensive
President Joe Biden is scheduled to give a speech in Warsaw on Saturday, with the White House saying the president will issue a call for Western unity and determination in the face of Russia’s military campaign in Ukraine. Biden is now in Poland, where at the time of reporting he was in a meeting with…
EXCLUSIVE: SEC Climate Rules Will Enrich Trial Lawyers, Says Consumer Advocate
In an exclusive interview with The Epoch Times, consumer advocate O.H. Skinner explained why he thinks trial lawyers, a major source of donations for President Joe Biden, stand to gain from newly proposed Securities and Exchange Commission (SEC) rules compelling many companies to provide climate-related disclosures, including on greenhouse gas emissions. SEC Commissioner Gary Gensler…
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