Things are getting tougher for the nation’s breadbasket, a predicament that will likely ripple through the nation’s economy. In addition to 40-year-high inflation and new records set nearly every day at the gasoline pump the past two weeks, the price of some agricultural fertilizers has skyrocketed as much as 60 percent over last year’s prices….
Gasoline Prices Hit Record High on Memorial Day, Higher Travel Numbers Still Expected
May 30, 2022
admin
American Automobile AssociationAverage gas priceBusiness & Economyeconomyflights canceledMarketsUSUS News
0 Comment
Even as gas prices hit a record high on May 30, Memorial Day, Americans are still expected to travel in higher numbers when compared to last year. The national average price of regular unleaded gas as of May 30 was $4.619 per gallon, the highest ever on record, according to data from the American Automobile…
Dollar Resumes Slide as Stock Markets Tentatively Pick Up
LONDON—The U.S. dollar resumed its backward slide on Monday as risk appetite across markets tentatively strengthened, supported by more encouraging economic data and bets that the Federal Reserve will tighten policy at a slower pace. The dollar index—which tracks the greenback against six major rivals—is on track for its first monthly drop in five, as…
Stocks Rise, Dollar Struggles on Fed Bets
SYDNEY/MILAN—World shares rose on Monday and the dollar was pinned near five-week lows on hopes of an eventual slowdown in U.S. monetary tightening following sharp interest rate hikes in June and July. Helping to mellow the mood was news that Shanghai authorities would cancel many restrictions on businesses resuming work from Wednesday, easing a city-wide…
Russia Plans Bond Payment System Like Rubles-for-Gas Scheme to Get Around Sanctions
May 30, 2022
admin
bondBusiness & Economyeconomic policieseconomyEuropeInternationalInvestmentMarketsRussiaRussia-Ukraine WarsanctionsWorld
0 Comment
Russia’s finance chief said Moscow is planning a new system for making foreign bond payments similar to the rubles-for-gas scheme in an effort to prevent a historic sovereign default after Washington ended a key sanctions exemption that raised Russia’s chances of defaulting on its debt. Anton Siluanov, Russia’s finance minister, was cited by Vedomosti on…
Firearm, Ammunition Stocks Soar in Wake of Texas School Shooting
Shares of a number of firearm and ammunition manufacturers have risen sharply since the deadly mass shooting at an elementary school in Uvalde, Texas, on May 24. Smith & Wesson Brands stock rose 8.4 percent in the two days following the shooting incident which left 19 children and two adults dead, according to The Washington Post. Shares…
Australia’s New Opposition Leader Pledges to Work for Small Businesses
New federal opposition leader Peter Dutton says the Liberal Party of Australia will focus its energies on winning over voters in suburban electorates and small businesses. Dutton made the comments in his first address after an internal party room elected him to represent the traditionally centre-right Liberal Party, replacing former Prime Minister Scott Morrison, who is…
South Australia to Double Cost of Living Concession
May 30, 2022
admin
AustraliaBusiness & Economycost of livingCost of Living ConcessionPeter MalinauskasSouth AustraliaWorld
0 Comment
The South Australian (SA) government is more than doubling the cost of living concession for 185,000 residents to relieve the cost of living pressures in the state. This means that home owner-occupiers eligible for the concession will receive a one-off payment of $449 (US$322) in the next financial year compared to the previous $217, while…
Germany Rejects Volkswagen Bid for Investment Guarantees in China, Citing Human Rights Concerns
May 30, 2022
admin
Asia & PacificBusiness & EconomyChinaChina Human Rightseconomic policiesEuropeEurope-China RelationsGermanyInternational RelationsVolkswagenWorld
0 Comment
Germany has rejected carmaker Volkswagen’s bids for investment guarantees in China over human rights concerns linked to the Chinese Communist Party, a German publication reported on Friday. The German Economy Ministry has denied “four applications from a company for the extension of investment guarantees,” Der Spiegel reported, citing a spokesperson for economy minister Robert Habeck….
Workers Vote to Become First Unionized Starbucks in Alabama
BIRMINGHAM, Ala.—Starbucks has until later this week to file any objections with the National Labor Relations Board after workers at a shop in Birmingham became the first of the company’s locations in Alabama to vote to organize. Baristas and other employees at a downtown store voted 27–1 to organize in a tally announced Thursday, news…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`