Tag: Investment

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
0 Comment

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…

Read More

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
0 Comment

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…

Read More

Fed Was in Talks With Silicon Valley Bank to Use Discount Window Before Collapse

March 30, 2023
Business & MarketsCompaniescongresseconomic policieseconomyFDICFedFederal regulatorsInvestmentMarketsMichael BarrPolicies & ImpactsPoliticsSilicon Valley BankstocksUSUS News
0 Comment

Federal Reserve officials were reportedly in discussions with Silicon Valley Bank (SVB) to use its discount window, right before its collapse earlier this month. The Fed’s top enforcer testified in front of Congress on March 29, as the elected representatives demanded answers for the California-based lender’s collapse. House lawmakers questioned the regulators’ competency and accused…

Read More

AI Could Eliminate 300 Million Jobs, Warns Goldman Sachs

March 29, 2023
artificial intelligenceBusiness & MarketschatbotsCompanieseconomic policieseconomyInvestmentjob lossesMedia & Big Techpersonal financeTechTech NewsUKUSWorld
0 Comment

Artificial intelligence (AI) could lead to the elimination of 300 million full-time jobs, according to a new study. A March 25th report by economists at Goldman Sachs Group (GSG) stated that improvements in AI technology may cause almost a quarter of existing positions in the United States and Europe to be replaced, but that new…

Read More

Bank Deposit Bailouts Could Cost Taxpayers Billions

March 29, 2023
bank depositsBusiness & Marketseconomic policieseconomyFDICinflationInvestmentpersonal financeSecretary Janet YellenSignature BankSVB CollapseU.S. treasury departmentUSUS News
0 Comment

Following a string of regional bank failures over the past several weeks, bank regulators were quick to guarantee all depositors for the full balance of their bank accounts, even beyond the $250,000 limit set by the Federal Deposit Insurance Corp. (FDIC). At the time, the Biden administration assured Americans that taxpayers would not be on…

Read More

Senators Ask Powell If the Fed Had Been Lax in Supervising Failed SVB Bank

March 29, 2023
Business & MarketsCompaniescongressDemocratseconomic policieseconomyInvestmentjerome powellMarketspersonal financePolicies & ImpactsPoliticsRepublicansSenate Banking CommitteeSilicon Valley BankUSUS News
0 Comment

Members of the Senate Banking Committee wrote to Federal Reserve chairman Jerome Powell if he and his fellow board members were lax in supervising Silicon Valley Bank (SVB), which failed earlier this month. Five senators sent a letter to Powell on March 27, which was obtained by Bloomberg, questioning whether the central bank exercised its full legal authority…

Read More

US Banks Raising Savings Rates to Keep Customers From Running Due to SVB Collapse Jitters

March 28, 2023
Business & Marketscd ratesCompanieseconomic policieseconomyInvestmentMarketspersonal financesavings ratesSilicon Valley BankstocksUSUS News
0 Comment

American banks are currently raising their savings rates to keep customers from running due to jitters following the collapse of Silicon Valley Bank (SVB) and Signature Bank. The ongoing crisis in the banking industry is pushing lenders to offer more perks for customers, USA Today reported. Many depositors have been transferring their money from regional banks…

Read More

Selling a Home? Survey Reveals Ideal Time to Get the Best Deal

March 28, 2023
Business & Marketseconomyhome sellersInvestmentreal estateRealtor.comSurveyUSUS NewsUS Real Estate
0 Comment

A new study by Realtor.com indicates the week of April 16 through 22 is the best time for homeowners to sell, plus they could get $48,000 more for their home during that week than if they sold at the beginning of the year. A combination of higher prices, fewer homes on the market, faster sales…

Read More

Inflows to Money Market Funds Top $280 Billion as Investors Pull Bank Deposits

March 28, 2023
bank depositsBusiness & MarketsCompanieseconomyinflationInvestmentinvestorsMarketsmoney market fundsstocksUS
0 Comment

U.S. money market fund inflows have topped $280 million over the past two weeks, as many investors pull their bank deposits, according to a report. The Financial Times reported that more than $273 billion has flooded into money market funds this month, for the biggest month of inflows since the height of the pandemic in…

Read More

US, Japan Strike Trade Deal on Electric Vehicle Battery Minerals

March 27, 2023
Asia & PacificBusiness & Marketseconomic policieseconomyEV batteriesInvestmentlithiumMarketsUSUS NewsWorld
0 Comment

The United States and Japan on Tuesday announced a trade deal on electric vehicle battery minerals that is key to strengthening their battery supply chains and granting Japanese automakers wider access to a new $7,500 U.S. EV tax credit. The swiftly negotiated agreement prohibits the two countries from enacting bilateral export restrictions on the minerals…

Read More