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Economy, Energy

“Shell won’t buy any more Russian oil and gas”

“…Shell (RDSA) said Tuesday it was breaking completely with Russia’s giant energy industry, halting all purchases of Russian crude oil immediately and shutting its service stations in the country.The UK-based company, which last week announced it was dumping its investments in Russia, said its decision… Continue Reading…

Economy

“50% of working Americans say they live paycheck to paycheck, including 31% of those making $100,000 or more”

“t may be a moment of great opportunity for those seeking work, but many of those currently working are still struggling. Half of working Americans say they’re living paycheck to paycheck, according to a January MagnifyMoney survey. That includes 76% of those making less… Continue Reading…

Banking

“Russia central bank more than doubles key interest rate to 20% to boost sinking ruble”

“Russia’s central bank on Monday more than doubled the country’s key interest rate from 9.5% to 20% as its currency, the ruble, hit a record low against the dollar on the back of a slew of new sanctions and penalties imposed on Russia… Continue Reading…

Economy

“…Americans just dove into credit card debt faster than they have in 22 years”

“Americans’ credit card balances spiked $52 billion in the last three months of 2021. Inflation is partially responsible, raising the cost of food and gas. Americans have been swiping their credit cards at record speed in the last few months,… Continue Reading…

Economy

“Americans are paying more for worse stuff, study finds”

“Measured by consumer prices, U.S. inflation is the highest in 40 years. Look at what Americans are actually getting for their money and the rate may be even higher, according to researchers at the University of Michigan.  The academics publish… Continue Reading…

Economy

“Retail sales surge 3.8% in January, much more than expected amid inflation rise”

“…Retail sales for the month rose 3.8%, much better than the 2.1% Dow Jones estimate. The numbers are not adjusted for inflation; the 0.6% rise in the consumer price index for the month helped push a reversal from the 2.5% sales… Continue Reading…

Economy

“Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982”

“…The consumer price index for January, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared with a year ago, the Labor Department reported Thursday. That compared with Dow Jones estimates of 7.2% for the closely watched… Continue Reading…

Cryptocurrencies

“More than $320 million stolen in latest apparent crypto hack”

“One of the most popular bridges linking the ethereum and solana blockchains lost more than $320 million Wednesday afternoon in an apparent hack. It is DeFi’s second-biggest exploit ever, just after the $600 million Poly Network crypto heist, and it is the largest attack to date… Continue Reading…

Economy

“Oil on track for a more than 15% monthly rise as Ukraine worries persist”

“Oil futures traded mostly higher on Monday, on track to cap a sharp January rally that has lifted the U.S. benchmark by around 15% as traders continue to follow the threat of a Russian invasion of Ukraine…” https://www.marketwatch.com/story/oil-on-track-for-15-monthly-rise-as-ukraine-worries-persist-11643635978?siteid=yhoof2 I only… Continue Reading…

Cryptocurrencies

“Crypto collapse erases more than $1 trillion in wealth, forcing a reckoning for everyday investors”

“By the end of last year, the value of Hasten Carter’s cryptocurrency holdings had climbed to about $250,000. He moved to a nicer apartment, bought a new truck, and started thinking about pursuing his dream of a full-time career in… Continue Reading…