LONDON—The dollar dipped on Wednesday as chances faded for a rate hike next week by the Federal Reserve, while the Canadian dollar touched one-month highs as traders amped up bets for the country to raise rates and the Turkish lira hit record lows. The Australian dollar traded at three-week highs above $0.67 after the Reserve…
Oil Prices Edge Higher as Saudi Cut Outweighs Bearish Backdrop
LONDON—Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts outweighed weak Chinese export data. Brent crude futures were up 36 cents, or 0.5 percent, at $76.65 a barrel by 0949 GMT while U.S. West Texas Intermediate crude futures gained 37 cents, or 0.5 percent, to $72.11. Both benchmarks…
European Shares Dip as Chinese Trade Data Disappoints, Lira Plunges to Record Low
June 7, 2023
admin
Business & MarketsCompaniescryptocurrencyeconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
0 Comment
LONDON—European stock markets dipped on Wednesday and the U.S. dollar nudged higher as weak Chinese trade data had investors fretting about softening global demand, with attention turning towards next week’s pivotal inflation data and Federal Reserve meeting. Meanwhile, Turkey’s lira plunged to a record low against the greenback as authorities appeared to loosen stabilising measures…
Cheques to Disappear in Australia by 2030
Australians will soon say goodbye to cheques as the federal government has introduced plans to abolish the paper-based payment system by 2030. On June 7, the Australian government announced that it would completely phase out cheque usage no later than 2030 as part of a strategic plan to modernise the country’s payment system. The government…
IN-DEPTH: Democrats Decry GOP Anti-ESG Hearing as ‘An Attack on Economic Freedom’
June 7, 2023
admin
Anti-ESGBlackRockBusiness & MarketsDemocratseconomic policiesenergyESGFidelityInvestmentPoliticsRepublicansState StreetUSUS FeaturesVanguard
0 Comment
Finance and energy experts testified before the House Oversight Committee on Tuesday that the environmental, social, and governance (ESG) movement is impairing Americans’ retirement savings, reducing living standards, and infringing on civil rights, while Democrat members protested that GOP efforts against ESG threatened Americans’ economic freedom. “As American families continue to struggle under rampant inflation,…
Australia’s Official Cash Rate Rises to 4.1 Percent in June
June 6, 2023
admin
AustraliaBusiness & Marketseconomic policieseconomyinterest rate hikesphilip loweReserve Bank of AustraliaWorld
0 Comment
Australian borrowers have been hit with another round of interest rate hikes after the Reserve Bank of Australia (RBA) raised the official cash rate by 0.25 percent to 4.1 percent, the highest level since April 2012. This comes after a 0.25 percent increase in May and a brief pause in April. In delivering the RBA’s…
[PREMIERING 7:30PM ET] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 6, 2023
admin
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
0 Comment
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…
[PREMIERING NOW] David Stockman: Debt Default, the ‘Doomsday Budget Machine,’ and Failed Fiscal Restraint Explained
June 6, 2023
admin
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
0 Comment
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
admin
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
0 Comment
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
admin
Business & MarketsChicagoCompaniesCrime & Public SafetyCrime and Incidentseconomic policieseconomyIllinoisInvestmentMarketsRegional & State NewsShopliftingSocial IssuesState NewsUSUS NewsWalgreens
0 Comment
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…
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`