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Economy
The Consumer Fuel Price Gouging Prevention Act, explained
As the average consumer bears the brunt of rising gas prices, big oil and gas companies have continued to rake in historic profits. Lawmakers alarmed at the stark contrast between the industry’s earnings and consumers’ struggles…
Russia’s Gazprom cuts off Finland from gas supply amid NATO application
France Ambassador for International Investment Pascal Cagni discusses the French economy and energy independence. Russia has cut off Finland's natural gas after the Scandinavian country made clear its desire to join NATO and refusal…
Worse than Trump: How Biden bungled the job of leading America’s economy
On Joe Biden's watch, the inflation tiger was let out of its cage after 40 years. He owns it.Rising inflation impacts the stock market and more. Here’s how.Rising prices are scaring investors. Here’s how inflation works, how it affects…
Fed signals trigger world stocks, bonds sell-off By Reuters
© Reuters. FILE PHOTO: Passersby wearing protective face masks are seen in front of an electronic board showing Japan’s Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan November 1, 2021.…
Oil prices will surge to $100 this year, Goldman Sachs warns
In a Monday evening report to clients, the Wall Street bank backed up its bullish call by citing "robust fundamentals" in the oil market, a "surprisingly large" supply deficit and diminishing firepower from OPEC and its allies. Goldman…
Bank of Canada inflation mandate stays at 2 per cent, turns its eye to employment
The Bank of Canada's mandate is reviewed every five years (REUTERS/Blair Gable)The federal government is leaving the Bank of Canada’s inflation mandate at 2 per cent amid a rising cost of living and uncertainty of the new Omicron…
World Bank Slashes China Economic Growth Forecasts, Suggests New Free Market Reforms |
The World Bank decreased its growth forecasts for China’s economy.In its most recent China Economic Update, the international financial institution predicted that China’s economy will expand by 8% in 2021 before slowing to 5.1% in 2022.…
Rising inflation in India could become a ‘pain point’ for the economy
A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021.PUNIT PARANJPE |…
Natural Gas Price Forecast – Natural Gas Markets Continue to Test Top of Range
Natural gas markets have rallied quite a bit during the trading session on Monday as we continue to see a lot of noisy behavior. That being said, the 200 day EMA is currently sitting that the $4.13 level, so therefore one has to look at…
Fed could use half-point rate rises if needed, says official
The Fed could supersize a rate increase to half a percentage point if inflation remains stubbornly high, a leading US central bank official said.Raphael Bostic, president of the Fed’s Atlanta branch, stuck to his call for three…