News
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...
IEA Revises Global Oil Demand Forecast Downwards in Monthly Report
The IEA revised downward its 2Q22-4Q22 forecast for oil demand by 1.3 million barrels per day, resulting in 950,000 barrels...
Russia Should Now be Top Policy Priority, Say CEOs and Board Directors
Two-thirds of CEOs and board directors surveyed by business think tank the Conference Board consider Russia to be the biggest...
Fund Managers Expect Quarter Point Rate Hike from Fed
Fund managers are expecting the Federal reserve to raise interest rates by 0.25% on Wednesday in what in all likelihood...
OPEC Leaves Global Growth Assessment Unchanged at 4.2%, Notes Market Volatility
In its March Monthly Oil Market report OPEC left its forecasts for global growth unchanged at 4.2% though noting that...
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