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Banking, Economy

“The Trillion-Dollar Question: Could a Coin Save the Day?”

“The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could minting a $1 trillion platinum coin make the whole problem go away? What was… Continue Reading…

Energy

“Gas prices on verge of doubling since Biden’s first day in the Oval Office”

“The national average price for a gallon of gas is projected by Sunday to top $4.80, twice as much as the day President Biden took office. It is a staggering milestone that underscores both the everyday pain inflation inflicts on Americans and… Continue Reading…

Economy, Energy

“Record high Memorial Day gas prices are stinging consumers and impacting travel”

“…The national average for unleaded gasoline is now $4.599 per gallon, just below a record of $4.60. That’s also a 40% increase so far this year and well above last year’s $3.04 per gallon level, according to AAA. By the… Continue Reading…

Energy

“U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices”

“The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves to help cut gas prices and fight inflation across the country…” https://www.cnbc.com/2022/03/31/us-to-release-1-million-barrels-of-oil-per-day-from-reserves-to-help-cut-gas-prices.html This is bad. If all emergency supplies… Continue Reading…

Stocks

“Dow jumps 400 points, snaps 3-day losing streak as Russia-Ukraine tensions cool a bit”

“…The Dow jumped about 400 points, or 1%, helped by a 3% jump in Boeing. The S&P 500 climbed 1.5% and the technology-heavy Nasdaq Composite advanced 1.9%. All three major benchmarks were down in the three prior sessions. The S&P… Continue Reading…

Stocks

“Dow rises for a second day to new record, broader market weighed down by tech losses”

“The Dow Jones Industrial average rose for a second day to start 2022 as investors bet on the kinds of stocks that would benefit from a robust economy this year despite the omicron threat. Losses in tech shares that were… Continue Reading…

Economy

“Oil drops 10% in worst day of the year as new Covid variant sparks global demand concerns”

“Oil prices tumbled to the lowest level in more than two months Friday as the new Covid-19 strain sparked fears about a demand slowdown just as supply increases. The leg lower came amid a broad sell-off in the market with the… Continue Reading…

Economy

“More than 7 million Americans to lose jobless benefits on Labor Day”

“Over seven million people across the U.S. will lose their unemployment benefits beginning on Monday as pandemic safety nets expire.  The emergency federal jobless benefits are set to end on Labor Day, while another three million people will lose their additional $300 boost to state unemployment… Continue Reading…

Stocks

“Dole IPO Drops Over 9% During First Day Of Trading”

“What happened: Shares of the world’s large produce company slid by over 9% on Friday after debuting on the New York Stock Exchange. Dole (NYSE: DOLE) opened for trading at $15, at an implied market value of approximately $1.5 billion, which was below the… Continue Reading…

Economy

“Iceland’s four-day work week trial was a triumph for all”

“The trial, which started in 2015 and involved more than 2,500 workers, showed that reducing work hours was overwhelmingly positive for people in a range of workplaces, while productivity remained about the same or improved in some cases. Parents said… Continue Reading…