Jamie Dimon, the CEO of JPMorgan Chase, says America needs a ‘Marshall Plan for energy’ to significantly boost domestic energy production, as oil and natural gas costs rise. Dimon repeated his call to build up American energy infrastructure while speaking at a panel on CBS’s Face the Nation, on Dec. 11. The Marshall Plan, named…
Jamie Dimon Says America Needs a ‘Marshall Plan for Energy’ With More Fossil Fuel Production
December 12, 2022
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Business & Marketseconomic policieseconomyenergyenergy infrastructureEuropeinflationJamie DimonMarketsNational SecurityNatural gasPolicies & ImpactsrecessionRussia-Ukraine WarUSWorld
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LIVE December 13, 10 AM ET: House Financial Services Committee Investigates the Collapse of FTX–Part I
House Committee on Financial Services full Committee Chairwoman Maxine Waters (D-Calif.) and Ranking Member Patrick McHenry (R-N.C.) will host a hybrid hearing entitled, “Investigating the Collapse of FTX, Part I” on Dec. 13. The Epoch Times will livestream this hearing starting at 10 a.m. ET. Access the livestream on this page, and also at EpochTV. Witnesses…
The 2023 Investing Outlook as the Fed Pivots—Part II
Commentary In Part 1, I suggested a weaker dollar may not lead to the bullish outcomes many investors expect in 2023. I will build on that thesis here in Part II, and bonds will win in the first half of 2023 and stocks in the second half. The big question heading into 2023 is the dreaded…
Silver vs. White Gold: A Comparison
You might have wondered which precious metal, silver or white gold, has more value and makes a better investment. While silver and white gold may look very similar, the two metals are fairly different. Whether you’re shopping for a new piece of jewelry or planning to diversify your wealth portfolio by investing in precious metals, it’s…
EU Could Face Gas Shortage Next Year, IEA Warns
BRUSSELS—The European Union has enough gas for the winter but could face a shortage next year if Russia cuts supplies further, the International Energy Agency (IEA) said on Monday, urging governments to act faster to save energy and expand renewable energy sources. Despite Russia slashing gas deliveries this year, Europe started the winter with brimming…
Wall Street Opens Higher as Investors Await CPI Data, Fed Decision
Wall Street’s main indexes opened higher on Monday as investors awaited inflation data and the Federal Reserve’s policy decision later this week to gauge the U.S. economic outlook amid worries of a recession. The Dow Jones Industrial Average rose 43.04 points, or 0.13 percent, at the open to 33,519.50. The S&P 500 opened higher by…
A Cryptocurrency Victim Turns Journalist to Uncover Scandals
After graduating from the University of Southern California in 2017, Tiffany Fong started several e-commerce businesses, earning passive income while traveling the world. She recently spoke with The Epoch Times about how she lost a lot of money investing in cryptocurrencies, which prompted her to become involved in exposing scandals in the crypto sector such as…
Dollar Eases, but Inflation Outlook Stays High on Investors’ Radar
LONDON—The dollar eased on Monday but its losses were contained by data last week that showed U.S. wholesale inflation rose more than expected last month, reinforcing the view that the Federal Reserve may have to keep interest rates higher for longer. The U.S. currency made the most upward headway against commodity-linked currencies like the Australian…
Oil Resumes Slide as Weak Economy Outweighs Supply Risks
December 12, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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SINGAPORE/LONDON—Oil prices fell on Monday, deepening a multi-week decline, as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and Russian threats of a production cut. Brent crude futures were down 38 cents, or 0.4 percent, at $75.72 a barrel by 0900 GMT. U.S. West…
Global Shares Ease as Central Bank Rate Hikes Loom
December 12, 2022
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Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—Global stocks fell on Monday as investors braced for the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that a hitherto hefty pace of increases in borrowing costs will finally show signs of easing. Oil prices rose as a key pipeline supplying the United States remained shut,…
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