News
IEA Releases 10-Point Plan to Reduce Oil Use; Warns of Coming Supply Crunch
The International Energy Agency (IEA) released a 10-point plant to reduce oil use by 2.7 million barrels per day over...
Buffett Returns to the Deal, Buys Insurer Alleghany for $11.6 Billion
After six-years away from blockbuster deals Warren Buffet’s Berkshire Hathaway announced it would buy New York-based insurance company Alleghany for...
Fed Officials Talk up Further Rate Hikes
St. Louis Fed President, James Bullard, sole dissenter in the Fed’s Wednesday decision hike rates by 0.25%, said the Fed...
Hundreds of Personal Care Products Laced with Carcinogenic Benzene
Hundreds of personal care items among which premium brands such as Brut, Pantene, Coppertone and Old Spice are being recalled...
Stocks Surge as Russia Avoids Default on Bond Payment
Stocks had a buoyant week continuing to make gains on Thursday as Russia paid $117 million in bonds, thereby avoiding...
2022 Home Prices up 32% from 2020, Inventory Plummets
Home prices are skyrocketing, according to rental portal Zillow, with the average house currently 32% or $81,000 more valuable than...
Fed Hikes Federal Funds Rate by Quarter Point
As widely expected the Federal Reserve raised the federal funds target range to 0.25% to 0.5% on Wednesday, an increase...
IEA: Brent Crude to Average $117 per Barrel in March
Brent Crude will average $117 per barrel in March and $116 per barrel in 2Q22 before falling to $102 per...
Monthly US Export Prices up 3% in February, after 2.8% Rise in January
Prices of US exports continued to rise vertiginously with the latest US Bureau of Labor Statistics data showing a 3%...
Walmart Continues Hiring Spree, 50,000 New Jobs by End of First Quarter
Walmart, the nation’s largest employer, announced it will be hiring 50,000 people in its stores, clubs, campuses and supply chain...
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