Browsing Category
Economy
Asia shares edge up with U.S. futures, oil gains
A man walks past a screen displaying a graph showing recent Nikkei share average movements outside a brokerage in Tokyo, Japan, December 30, 2020. REUTERS/Issei Kato/File PhotoRegister now for FREE unlimited access to…
Exclusive: U.S. will allow two companies to ship Venezuelan oil to Europe
HOUSTON/WASHINGTON, June 5 (Reuters) - Italian oil company Eni SpA and Spain's Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, five people familiar with the matter said,…
What the next economic recession may look like?
Strategic Wealth Partners President and CEO Mark Tepper and Kaltbaum Capital Management Gary Kaltbaum weigh in on the risk of recession and reacts to Elon Musk looking to cut 10% of Tesla’s workforce. Recessions are notoriously hard…
Janet Yellen denies trying to reduce spending in Biden’s American Rescue Plan
Rep. David Kustoff, R-Tenn., says Treasury Secretary Yellen was forced to ‘advocate’ for Biden’s policies knowing they’d created inflationary pressures. U.S. Treasury Secretary Janet Yellen refuted reports that she sought to reduce…
To avoid ‘historic shellacking’ in midterms, Biden is promoting a sunny view of US
As he celebrated the impressive May jobs report on Friday, Joe Biden went to great lengths to paint a rosy picture of the US economy. While acknowledging the difficult reality of high prices caused by near record-high inflation, Biden…
New Latino media startup launches with historic $80M raise
Latina activists and entrepreneurs Jess Morales Rocketto and Stephanie Valencia have raised $80 million to launch a new Hispanic media company called the Latino Media Network.Why it matters: It's one of the largest capital raises for a…
Opinion | The Goldilocks economy: Trying to get it ‘just right’
Placeholder while article actions loadAs anyone who has ever pigged out on chocolate fudge can attest, it is possible to have too much of a good thing.That’s true for a really rich dessert — and also a really strong (or hot) labor…
Payrolls rose 390,000 in May, better than expected as companies keep hiring
The U.S. economy added 390,000 jobs in May, better than expected despite fears of an economic slowdown and with a roaring pace of inflation, the Bureau of Labor Statistics reported Friday.At the same time, the unemployment rate held at…
The world may be careening toward a 1970s-style energy crisis — or worse
Unlike those infamous episodes, this one is not contained to oil."Now we have an oil crisis, a gas crisis and an electricity crisis at the same time," Fatih Birol, head of the International Energy Agency watchdog group, told Der Spiegel…
FBI sets sights on crypto economy with arrest of former OpenSea staffer
An ex-employee of the leading non-fungible tokens (NFT) marketplace has been charged with wire fraud and money-laundering offences in a sign that US law enforcement will no longer turn a blind eye to the crypto economy.Nathaniel Chastain…