Crude oil prices will be higher in 2023 and 2024 as global supplies become tighter, the U.S. Energy Information Administration (EIA) predicted in its latest Short-Term Energy Outlook (STEO). The EIA forecasts that the average spot price for Brent, the international benchmark for global oil prices, will be $79.54 per barrel this year, up 1.1…
Stock Market Today: Wall Street Inches Higher Toward Edge of Bull Market
NEW YORK—U.S. stocks drifted higher Tuesday amid a vacuum of market-moving data, nudging Wall Street closer to the edge of what’s called a bull market. The S&P 500 rose 10.06 points, or 0.2 percent, to 4,283.85. It’s just 0.2 percent away from finishing a day 20 percent above where it was in mid-October, as a…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 6)
June 6, 2023
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Benchmark U.S. crude oil for July delivery fell 41 cents to $71.74 a barrel Tuesday. Brent crude for August delivery fell 42 cents to $76.29 a barrel. Wholesale gasoline for July delivery rose 4 cents $2.56 a gallon. July heating oil fell 1 cent to $2.37 a gallon. July natural gas rose 1 cent to…
How Major US Stock Indexes Fared June 6
Stocks drifted on Wall Street amid a vacuum of market-moving data. The S&P 500 rose 0.2 percent Tuesday. The Dow Jones Industrial Average closed up 10 points while the Nasdaq added 0.4 percent. Banks were some of the bigger gainers, recovering from their struggles earlier this year after high interest rates helped cause several high-profile…
[PREMIERING 7:30PM ET] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 6, 2023
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“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
[PREMIERING NOW] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 6, 2023
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American Thought LeadersbidenBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesDavid Stockmandebt ceilingdebt crisisDebt Limit BillDemocratsDonald Trumpeconomic policieseconomyEpochTVExecutive BranchFederal Reservehigh inflationHouse Majority Leader Kevin McCarthyinflationinterest ratesLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsPoliticspublic debtRepublicansUSUS NewsVideo
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American Thought LeadersbidenBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesDavid Stockmandebt ceilingdebt crisisDebt Limit BillDemocratsDonald Trumpeconomic policiesEconomyEpochTVExecutive BranchFederal Reservehigh inflationHouse Majority Leader Kevin McCarthyinflationinterest ratesLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsPoliticspublic debtRepublicansUSUS NewsVideo
“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 6, 2023
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American Thought LeadersbidenBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesDavid Stockmandebt ceilingdebt crisisDebt Limit BillDemocratsDonald Trumpeconomic policieseconomyEpochTVExecutive BranchFederal Reservehigh inflationHouse Majority Leader Kevin McCarthyinflationinterest ratesLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsPoliticspublic debtRepublicansUSUS NewsVideo
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American Thought LeadersbidenBusiness & MarketsBusinesses in COVID-19CCP VirusCompaniesDavid Stockmandebt ceilingdebt crisisDebt Limit BillDemocratsDonald Trumpeconomic policiesEconomyEpochTVExecutive BranchFederal Reservehigh inflationHouse Majority Leader Kevin McCarthyinflationinterest ratesLive VideosMarketsMedia & Big Techpersonal financePolicies & ImpactsPoliticspublic debtRepublicansUSUS NewsVideo
“For capitalism to work, you have to have effectively functioning, solid capital markets. And in order to do that, you need savings—real savings, not money printed by a central bank, but real savings from businesses and households,” says David Stockman, who served as budget director for President Ronald Reagan. “Back then, the public debt was 30-40…
Chicago Walgreens Restricts Unlocked Aisles to Two Due to Crime
June 6, 2023
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A Walgreens in Chicago redesigned a store that would allow customers to browse only two aisles of products because of crime. Customers can only access those shelfs after they pass through anti-theft detectors. “Non-essential” items can only be ordered digitally from kiosks and later picked up at a counter as part of a pilot program, according…
SEC Files 13 Charges Against Binance Over ‘Extensive Web of Deception’
June 6, 2023
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The U.S. Securities and Exchange Commission (SEC) has filed 13 charges against crypto platform Binance and its CEO for allegedly engaging in an “extensive web of deception” to mislead customers and evade U.S. laws. The SEC filed its lawsuit against Binance and CEO Changpeng Zhao in the U.S. District Court for the District of Columbia…
US Agency Sues Major Cryptocurrency Exchange
The U.S. Securities and Exchange Commission (SEC) on June 6 sued one of the largest cryptocurrency platforms in the world, sending the company’s stock down. Coinbase, the platform, has been operating its crypto platform without registration, violating federal law, according to the lawsuit. “Coinbase has never registered with the SEC as a broker, national securities…
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