LONDON—Oil prices fell on Monday after a revolt by Russian mercenaries over the weekend, though the political instability did not appear to pose an immediate threat to oil supply from one of the world’s largest producers. Brent crude futures were down 8 cents, or 0.1 percent, at $73.77 a barrel by 0900 GMT. U.S. West…
Stock Market Today: Global Shares Decline After Armed Rebellion Quelled in Russia
June 26, 2023
admin
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
TOKYO—Global shares mostly fell Monday after a short-lived armed rebellion in Russia added to uncertainties over the war in Ukraine. France’s CAC 40 dipped 0.4 percent in early trading to 7,135.23. Germany’s DAX slipped 0.2 percent to 15,797.27. Britain’s FTSE 100 fell 0.8 percent to 7,403.10. The futures for the Dow Jones Industrial Average and…
Australians to Receive First Round of Living Cost Relief in July
A significant number of Australian households will receive some cost-of-living relief within weeks as federal government policies start to take effect. Starting from July 1, hundreds of thousands of aged care employees across the country will see their minimum wage increase by 15 percent. The huge pay rise will apply to those directly working in…
Mexico Imposes 50 Percent Tariff on White Corn Imports Amid Trade Dispute With US and Canada
MEXICO CITY—Mexico on Saturday began imposing a 50 percent tariff on white corn imports, a move the president says looks to boost national production and prevent imports of genetically modified corn. The measure, published late Friday in the Mexican government’s official gazette, will be in force until the end of the year and occurs amid…
Growing China-Middle East Economic Ties Cannot be Ignored
Commentary The fireworks were flying during the recent China and Gulf Cooperation Council (GCC) summit in Riyadh. Several high profile business deals were announced between the Chinese Communist Party (CCP) in Beijing and the GCC—traditionally and until recently a strong ally of the United States—that could help shape the landscape of international investments in the…
Britons Need to ‘Hold Our Nerve’ Amid Soaring Interest Rates, Says Sunak
Britons need to “hold our nerve” with interest rate hikes as “there is no alternative” to stamping out inflation, Prime Minister Rishi Sunak has said. Appearing on the BBC’s Sunday with Laura Kuenssberg programme, he defended the Bank of England’s (BoE’s) decision to raise interest rates from 4.5 to 5 percent, a 15-year high. It…
Number of US Homes For Sale Plunges to Lowest Level Since 2012
June 24, 2023
admin
Business & Marketseconomic policieseconomyhigh mortgage rateshousing inventoryMarketsreal estateUSUS Real Estate
0 Comment
Since real estate brokerage Redfin started taking records, fewer homes were available for sale in the United States in May 2023 than in any other month. The number of homes for sale declined by 7.1 percent year-over-year in May 2023 on a seasonally adjusted basis to 1.4 million units, according to a June 21 Redfin…
Rapid Growth of EV Charger Networks Comes With Major Security Threats
June 24, 2023
admin
Business & Marketscyber-attackeconomyElectrify AmericaenergyEV chargingpower gridTechTech NewsteslaUS
0 Comment
As Americans head out on vacation this summer, more and more of them are hitting the road in electric vehicles. Like it or not, that trend looks like it will continue as states like Virginia and Washington follow California’s lead in imposing 100 percent electric vehicle (EV) sales timelines. Falling EV prices are predicted to…
Banks Agree to Offer More Help to Struggling Mortgage Holders
Banks and building societies will offer more flexibility to mortgage holders struggling with high interest rates, Chancellor Jeremy Hunt has said after a meeting with major lenders in Downing Street. Top executives of banks and building societies were summoned to Downing Street on Friday to discuss ways to help mortgage holders following 13 consecutive interest…
Is the US in a Recession? Preferred White House Data May Answer Question
When the U.S. economy recorded back-to-back quarters of negative economic growth—the definition of a technical recession—in the first half of 2022, the White House dismissed the data. Administration officials and a chorus of economists argued that the labor market was tight, retail sales were up, and household finances were in good shape. As a result,…
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`