Economy / Finance
Black Friday Shopping Declines For The First Time In Years
Post Views: 135 Black Friday’s online shopping revenue dropped from $9 billion to $8.9 billion from 2020 to this year. Cyber Monday was ...
Economy / Finance
Fed Officials Tweak ‘Transitory’ Inflation Narrative, Vow Action If Price Pressures Stay Too High
Post Views: 140 New documents detailing closed-door discussions at the most recent Federal Reserve policy meeting show officials softening their “transitory” view of ...
Economy / Finance
Barclays Raises 2022 Oil Price View on Faster Inventory Drawdown
Post Views: 154 Barclays raised its 2022 oil price forecasts on Tuesday as it expects a faster-than-expected inventory drawdown and cautious supply response ...
Economy / Finance
Goldman Sachs: Oil Reserve Release ‘A Drop in the Ocean,’ Symbolic Gesture Has Minimal Effect on Price
Post Views: 142 A coordinated global release of oil reserves led by the United States, resulting in 70–80 million barrels of additional crude ...
Politics
Oil Sales From U.S. Inventories Not Significant For Market, Analyst Says
Post Views: 164 The sale of 50 Million barrels of oil from the U.S. strategic inventories announced on November 23 has already been ...
Economy / Finance
Experts React to Fed Chair Powell’s Renomination: ‘Sound, Tested, Respected, and Familiar’
Post Views: 143 Joe Biden announced Monday he will be renominating Federal Reserve Chairman Jerome Powell for a second term as Fed chair ...
Just In - Classified
White House: U.S. to Release 50 Million Barrels of Oil to Ease Energy Costs
Post Views: 229 The White House on Tuesday said it had ordered 50 million barrels of oil released from the strategic reserve to ...
Economy / Finance
Euro Slides as Austria’s Fourth National COVID-19 Lockdown Begins
Post Views: 175 The euro fell on Monday to trade close to a 16-month low on growing concerns over the impact of new ...
Economy / Finance
Harvard Economist: U.S. Economy on ‘Knife-Edge,’ but Fed Maintains Inflation Is Temporary
Post Views: 144 A Harvard economist has said that the high rate of inflation currently plaguing the United States has positioned the economy ...
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