News
Dallas Fed: Oil and Gas Expansion in Texas Accelerates Significantly
The Dallas Fed Energy Survey saw its business activity index jump to 56 in 1Q22 up from 42.6 in 4Q21...
Bonuses in Wall Street up 20% as Stock Market almost Doubles in Two Years
Bonuses on Wall Street on average were $257,000 for 2021, 20% higher than the previous year, according to the New...
Extremism Law Takes Hold, Facebook and Instagram Cancelled in Russia
Facebook and Instagram were banned from Russia after being labeled “extremist” by a Russian judge. Russian officials particularly excoriated Facebook...
Nevada, Hawaii and California See Sharp Increases in Employment
Nevada led growth in payroll employment in the US in the year ended January 2022 at 10.3%, followed by Hawaii...
Fed Chair Powell Sounds Hawkish Note on Inflation
Federal Reserve Chairman Jerome Powell promised to act forcefully against inflation in prepared remarks for the National Association for Business...
Goldman Sachs Trades Crypto Over Counter, Non-Deliverable Option Crypto First
As hedge funds have been seeking derivative exposure to crypto currencies without owning them as a way of hedging their...
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...
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