On Thursday, the US Treasury Department announced that it is prepared to impose economic sanctions on any banking institution outside Russia which uses the country’s payment system. In a press release, the Treasury Department said […]
According to OPECs Monthly Oil Market Report, published September 13th, The cartel raised its August oil production by 618,000 barrels per day. Currently OPEC is producing 29.651 million barrels per day, with Libya and Saudi […]
Railroads and rail workers unions have struck a tentative deal early Thursday which should avert a national rail strike that threatened to disrupt shipping and travel across the country. Since roughly 40% of the nation’s […]
Fed Ex sent shares tumbling in extended trading when it withdrew its full year’s earnings guidance, and reported preliminary first quarter results that failed to meet analyst estimates. FedEx CEO Raj Subramaniam said in the […]
Germany is preparing to provide a €67 billion ($67 billion) bailout to domestic energy companies that have suffered from the supply shortages produced by the reduction in gas flows from Russia, according to a report […]
Almost 115,000 rail workers are set to go on strike Thursday at midnight, absent intervention from the government, as a mandatory “cooling off” period comes to a close. As negotiations stall between rail unions and […]
The North American International Auto Show (NAIAS) in Detroit saw Joe Biden visit on Wednesday, both to tout his administration’s leadership on the nation’s transition to electric vehicles, and hop behind the wheel of a […]
US stocks finished up on Wednesday after an indecisive day as the major averages drifted from one side of the flatline back to the other. At the end of trading the S&P 500 rose 0.3%, […]
Housing affordability has hit lows not seen since Ronald Reagan was President. One principle and interest payment now requires 35.51% of a median household income for a median home with 20% down, according to Black […]
Stocks plummeted Tuesday after a hotter than expected inflation report showed prices rising more than had been expected last month. All three major indexes put up their worst numbers since June of 2020. Tech stocks […]
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