The latest on the Russia–Ukraine crisis, June 1. Click here for updates from May 31. US Agrees to Send Advanced Rockets to Ukraine Russian troops fought to take complete control of the eastern industrial city of Sievierodonetsk on Wednesday as the United States said it will provide Ukraine with advanced rockets to help it force Moscow to…
Is Tesla Revving Up to Reverse Course or Forming a Bull Trap?
Tesla Inc. was trading slightly higher in the premarket on Tuesday after a three-day reversal to the upside saw the electric vehicle giant soar by 21 percent. The company’s Shanghai production facility is currently rolling about 2,000 new vehicles off its assembly lines, which is about 70 percent of its pre-lockdown output capacity, after re-adding…
Increasing Ties With Indonesia Top Priority: Treasurer
The new Australian government has signalled that it will prioritise deepening ties with the country’s northern neighbour Indonesia. New Australian Treasurer Jim Chalmers, in an interview with Sky News Afternoon Agenda on May 31, signalled the importance of Australia’s relationship with Indonesia, noting that Indonesian Treasurer Sri Mulyani was his first international call. Chalmers said…
Increasing Ties With Indonesia Top Priority: Australian Treasurer
The new Australian government has signalled that it will prioritise deepening ties with the country’s northern neighbour Indonesia. New Treasurer Jim Chalmers, in an interview with Sky News Afternoon Agenda on May 31, signalled the importance of bilateral ties with Indonesia, noting that Indonesian Treasurer Sri Mulyani was his first international call. Chalmers said that…
Aussie Energy Firm Tells Customers to Look Elsewhere for Better Deals, Warns Prices Could Double
May 31, 2022
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Independent energy retailer, ReAmped Energy in Brisbane, has taken the extraordinary step of suggesting its customer’s shop around for better deals warning they could be paying twice as much on their next power bill. CEO Luke Blincoe said the energy market was “incredibly volatile” and that his company could not guarantee competitive prices in the…
Australia Told Power Bills Will Be a Challenge: Deputy PM
There’s no short-term solution to the pain of rising power bills for households already dealing with broader cost-of-living spikes, the federal government says. Power retailers have been warning bills will rise from July in line with higher prices in wholesale energy markets. Deputy Prime Minister Richard Marles has acknowledged energy costs were going to be…
‘Plan for the Worst’: CEO Confidence Wanes As Corporate America Prepares For Recession
CEO confidence in the U.S. economy is waning as survey results and comments from top executives suggest a dim outlook. The Conference Board’s second-quarter measurement of CEO sentiment revealed that 57 percent anticipate the economy to go through a “very short, mild recession.” This represented the fourth consecutive quarter of declining expectations. According to the…
8 out of 10 Americans Tightening Belts to Offset Soaring Inflation
May 31, 2022
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The majority of Americans are trying all kinds of things to offset the impact of inflation and rising costs of everyday essentials, a survey shows. Of the Americans who are taking action to reduce expenditure, the latest BMO Real Financial Progress Index published on Tuesday shows they are shopping for cheaper items and dining out less,…
Today’s Energy Crisis Worse Than Oil Shocks of 1970s, Could Last Longer: IEA Chief
Russia’s invasion of Ukraine has roiled energy markets, with long-term implications for global oil and gas supplies, and the head of the International Energy Agency (IEA) has cautioned that the current energy crisis is “much bigger” and could persist longer than the oil shocks of the 1970s. In the 1970s, there were two significant oil…
US Home Prices Surged Over 20 Percent in March 2022: Case–Schiller Index
May 31, 2022
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Business & EconomyCase-Shiller U.S. National Home Price NSA Indexeconomyhome pricesmortgage ratesreal estateUSUS Real Estate
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Home prices in the United States soared in the month of March with major cities seeing an increase in prices, according to the latest results from the S&P CoreLogic Case–Shiller Indices. The Case–Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, registered a 20.6 percent annual gain in March 2022,…
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