Kudlow: Biden ready to transform economy into ‘centrally planned’ socialism FOX Business host Larry Kudlow examines the president’s plan for infrastructure spending. The U.S. Chamber of Commerce on Wednesday described President Biden's $2.5 trillion infrastructure bill as "dangerously misguided." The White House on Wednesday said it will pay for the eight-year initiative […]
It took six days to prise free a giant container ship that ran aground and clogged the Suez Canal, one of the world’s most crucial shipping arteries. It could take years to sort out who will pay for the mess. Cargo companies, insurers, government authorities and a phalanx of lawyers, […]
After raising cooking gas prices by ₹125 per cylinder last month, state-owned oil firms on Wednesday announced a ₹10 per cylinder cut in LPG rates on softening international oil prices. A 14.2-kg LPG cylinder — both for subsidised and market price users — will cost ₹809 from April 1 as […]
Suez canal blockage holding ‘billions of dollars’ worth of goods: Energy economist The Heritage Foundation energy economist Nick Loris provides an update on the blockage in the Suez canal and the impact it will have on energy markets. Before slamming into the bank of the Suez Canal last week and […]
Financial markets are obsessed with where inflation is headed in the world’s largest economy. Statisticians are struggling to figure out where it’s at. The pandemic has created major headaches for the people whose job it is to determine the rate of inflation right now, and set the benchmarks that will […]
Switzerland’s central bank retained its negative interest rate and softened its view on the currency market interventions given the recent fall in the Swiss franc against the euro. Policymakers of the Swiss National Bank retained the policy rate and interest on sight deposits at the SNB at -0.75 percent, as […]
Should you buy bitcoin on the dip? Villere & Co. partner and portfolio manager Sandy Villere shares his thoughts on bitcoin, Big Tech stocks and the markets. Jegara Igbara, who gained more than 1 million followers under the Instagram account where he went by "Jay Mazini," allegedly defrauded at least $2.5 […]
The popularity of the federal government’s HomeBuilder stimulus program is causing headaches for Victorian builders, who say they are struggling to hire tradies and get hold of key construction materials. The Master Builders Association of Victoria said the state is experiencing a construction boom on the back of the scheme, […]
Do you remember Wall Street’s great inflation scare of 2010-2011? It’s an episode worth revisiting, because there’s a good chance that we’ll see a replay over the next year or so. After the 2008 financial crisis plunged America into a deep recession, both the new Obama administration and the Federal […]
Adobe Systems Inc. (ADBE), Tuesday reported a profit and revenues for the first quarter that trumped Wall Street estimates. Moving ahead, the enterprise software maker lifted its full-year 2021 financial guidance. San Jose, California-based Adobe’s first-quarter profit rose to $1.26 billion or $2.61 per share from $955 million or $1.96 […]
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