Fifty years ago this week, it was a Republican president who first opened relations with the Chinese Communist Party (CCP). Richard Nixon and Henry Kissinger reasoned that establishing ties with China would weaken the Soviet Union—and help America. Half a century later, the Democrats have become the pro-China party. Their campaign war-chests are filled with…
Why Did the US Ruling Class Tie America’s Fate to the World’s Most Dangerous Regime
Stocks Fall Again, Handing Wall Street Another Losing Week
Stocks capped a week of volatile trading on Wall Street with a broad sell-off Friday that left the major indexes with their second straight weekly loss. The selling lost some momentum into the afternoon, but the intensified again in the final hour of trading. The S&P 500 and the Dow Jones Industrial Average each fell…
Capitol Report (Feb. 17): Texas Sues CDC Over Airport Mask Mandates
February 17, 2022
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A kindergarten in Ukraine was hit with artillery shells Thursday—could the Russian invasion we’ve been hearing so much about be right around the corner? President Joe Biden has a warning. Biden was in Ohio Thursday, promoting his Build Back Better bill that has been shut down in Congress. What does Wall Street think of adding…
Wall Street Banking CEOs Express Recession Concerns Over Inflation, Asset Price Deflation
Some of the biggest U.S. financial institutions on Wall Street are concerned about a worsening economic situation over the coming months, according to several top banking executives attending the Credit Suisse Financial Services Forum in Florida. Reuters interviewed several key bank officials at the financial services forum on Feb. 17 about the economic situation in…
Wall Street Eyes Walmart Results for Signs of Tighter Margins, Slower Growth
NEW YORK, NY—When Walmart on Thursday reports how it fared during the holiday quarter, investors also will want to see how higher labor, transportation, and materials may affect the retailer’s margins, given its “Everyday Low Price” strategy. Refinitiv estimates total gross margins to be 23.90 percent in the fourth quarter, down from 25.26 percent in…
Stocks Close Lower as Wall Street Watches Ukraine Tensions
Stocks on Wall Street shed early gains and closed broadly lower Monday as the United States moved to close its embassy in Ukraine amid heightened tensions over the thousands of Russian troops that have been amassing on the border. The S&P 500 fell 0.4 percent after having been down as much as 1.2 percent shortly…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’: U.S. Oil & Gas Assoc. Chief
February 14, 2022
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
EXCLUSIVE: ‘Most Unfavorable Political and Regulatory Environment for Our Industry I Have Ever Seen’ Says US Oil & Gas Assoc. Chief
February 14, 2022
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bidenConocoPhillipsdebankingeconomyEIAEnvironmentESGExxon MobilgasolineKeystone XL pipelineOilPermian BasinPolicies & ImpactsPoliticsScienceshaleshellThe Epoch Times Featured ArticlesUncategorizedUSUS NewsWall Street
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In exclusive comments to The Epoch Times, Tim Stewart, the president of the U.S. Oil & Gas Association, said his industry has faced unprecedented hostility from D.C. under the Biden administration. “In my 30 years of working in Washington, this has without a doubt been the most unfavorable political and regulatory environment for our industry…
Stocks Close Higher, Bond Yields Reach Pre-Pandemic High
Technology companies and banks helped drive stocks higher on Wall Street Tuesday, as the market bounced back from an early slide to more than make up its losses from the day before. The S&P 500 rose 0.8 percent after having been down 0.4 percent. More than three fourths of the stocks in the benchmark index…
Wall Street Posts Gains After Choppy Session, Energy Index Hits Multi-Year Peak
All three Wall Street benchmarks advanced on Tuesday and the energy index closed at a multi-year high, although seesaw trading reflected investor uncertainty about how to play the current market. Recent sessions have been choppy, as the prospect of an aggressive rate-hike campaign by the U.S. Federal Reserve looms large and investors seek to position…
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