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Banking

“Fed’s New Backstop Shields Banks From $300 Billion of Losses”

March 14, 2023

“…There were some concerns that the taxpayer could now be on the hook for covering losses suffered by banks and that questionable management and investments were now being protected by the government. Banks, for example, now can limit accepting losses… Continue Reading…

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Stocks

“Terran Orbital stock surges after winning $2.4 billion contract to build satellites for Rivada”

February 22, 2023

“Terran Orbital shares surged in early trading on Wednesday, after the company announced a $2.4 billion contract to build communications satellites for Rivada Space Networks. The spacecraft builder will design, manufacture and deploy 288 satellites for Rivada out of Terran’s… Continue Reading…

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Banking, Economy

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

February 2, 2023

“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…

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Economy, Energy

“Why $4 per gallon gas this spring isn’t out of the question”

January 30, 2023

“Don’t look now, but gas prices are heading back up, and GasBuddy predicts the national average could hit $4 again in a couple of months. The price for a gallon of regular is up more than 13% nationally over the… Continue Reading…

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Economy, Stocks

“After $18 Trillion [decline], Global Stocks Face More Hurdles in 2023”

December 30, 2022

“…Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red… With a drop of more than 20% in 2022, the MSCI All-Country… Continue Reading…

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Business

“Google, Oracle, Amazon and Microsoft awarded Pentagon cloud deal of up to $9 billion combined”

December 8, 2022

“The Pentagon said Wednesday that Amazon, Google, Microsoft and Oracle received a cloud-computing contract that can reach as high as $9 billion total through 2028. The outcome of the Joint Warfighting Cloud Capability, or JWCC, effort is in line with the U.S. Defense Department’s effort to rely on… Continue Reading…

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Economy, Energy

“Gasoline is cheaper now than a year ago — and could fall below $3”

December 8, 2022

“Gasoline prices are now cheaper across the U.S. than they were a year ago, and the price per gallon could fall below $3 for most Americans by the end of the year. According to AAA, the national average for a gallon… Continue Reading…

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Economy

“‘Bad situation’: Soaring US dollar spreads pain worldwide”

October 18, 2022

“The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money… Around… Continue Reading…

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Energy

“Oil: ‘We’re going to see $65 before we see $100 ‘ in WTI, says analyst”

October 6, 2022

“OPEC+ will cut oil production by 2 million barrels per day amid looming demand concerns and the ongoing friction between the West and Russia over the war in Ukraine… “It is OPEC that is going to be controlling the price.… Continue Reading…

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Stocks

“Dow futures fall as the British pound hits record low against the dollar”

September 26, 2022

“…Dow Jones Industrial Average futures fell 78 points, or 0.3%, off the lows of the morning. S&P 500 futures shed 0.3%. Nasdaq 100 futures lost 0.1%. The British pound dropped to a record low on Monday against the U.S. dollar. Sterling at… Continue Reading…

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