Oil prices gain for the session, but post a January loss
Front-month oil futures ended higher on Tuesday, but U.S. prices posted a third-straight monthly decline, ahead of this week’s Federal Reserve decision on interest rates and amid signs that Russian crude exports remain resilient. Prices for the U.S. and global crude benchmarks marked their biggest monthly declines since November 2022, while natural gas marked its […]
IMF hikes global growth forecast as inflation cools
The IMF has revised its global economic outlook upwards.Norberto Duarte | Afp | Getty ImagesThe International Monetary Fund on Monday revised upward its global growth projections for the year, but warned that higher interest rates and Russia’s invasion of Ukraine would likely still weigh on activity.In its latest economic update, the IMF said the global […]
U.S. may cut off China’s Huawei entirely from U.S. suppliers
WASHINGTON — The Biden administration is considering entirely cutting off Chinese telecommunications giant Huawei Technologies Co. from U.S. suppliers over national-security concerns by tightening export controls targeting the firm, according to people familiar with the matter. The move — should the administration move forward — would mark the latest salvo in the high-stakes clash between the world’s two largest economies as U.S. […]
Opinion: Leverage ozone, acid rain wins to tackle microplastics and fresh-water pollution now
As an advocate for the health of fresh water, I always have mixed feelings entering a new year. Hope for the newness of what is to come, coupled with a realization that a new calendar doesn’t mean any of our environmental concerns have miraculously disappeared. But it’s not all doom and gloom. A committee of representatives from the four […]
It’s a key week for the stock market. If you’re not nervous, you should be, this global strategist warns.
Investors have got the jitters as a big week unfolds — several central bank meetings including the Fed, earnings from Apple and Amazon.com, and jobs data. Yikes.Any investor out there who isn’t nervous, perhaps should recheck his gut, says our call of the day, from Standard Chartered’s global head of research, Eric Robertsen. “We do […]
ECB said it’ll stay the course on rate hikes. But it’s not clear for how long
Christine Lagarde, president of the European Central Bank (ECB).Bloomberg | Bloomberg | Getty ImagesEuropean Central Bank President Christine Lagarde has repeatedly used the phrase “staying the course” when referring to upcoming rate decisions, but some market watchers doubt the bank will keep its hawkish stance for much longer.The ECB entered tightening mode last year with […]
South Korea’s economy contracts sequentially in Q4 for first time in 2 years
South Korea’s economy contracted sequentially in the fourth quarter of 2022 for the first time in more than two years due to weak exports and private consumption. Gross domestic product shrank 0.4% from the prior quarter during the October-December period–the first sequential contraction since the second quarter of 2020–after a 0.3% expansion in the third […]
There’s a George Santos bobblehead with a Pinocchio nose — and that’s no lie
This collectible hits George Santos on the nose. The embattled New York congressman is getting the bobblehead treatment, but with a Pinocchio-inspired twist. The National Bobblehead Hall of Fame and Museum located in Milwaukee is producing a Santos bobblehead in two styles. One is a standard version of the House Republican, but the other depicts… […]
Debt Ceiling Looms Over Capitol as Congress Returns to Work
As Congress returns to work, the Senate plans to focus on nominees while the House tackles investigations. Source link
Yellen dismisses minting $1 trillion coin to avoid federal default
LUSAKA, Zambia — Treasury Secretary Janet Yellen said the Federal Reserve likely wouldn’t accept a $1 trillion platinum coin if the Biden administration tried to mint one to avoid breaching the debt limit, dismissing an idea that has been floated to circumvent Congress on the issue. Some Biden administration officials and Democrats on Capitol Hill have discussed the […]