Pennsylvania House Republicans are urging Democrat Governor Tom Wolf to unleash the state’s natural gas stores as energy costs soar around the world. Lawmakers are looking at the instability of the European energy markets and calling for an increase in domestic supplies. The largest natural gas reserve in the United…
The international soccer governing body FIFA has announced a series of restrictions against Russia amid the ongoing invasion of Ukraine. FIFA announced a number of restrictions against Russia on Sunday that include a ban on the Russian national anthem and an end to "home" matches. However, the sports governing body…
The White House has announced that the United States and allies are taking action that could potentially cripple Russia's economy in response to the Ukraine invasion. Western nations have agreed to ban certain Russian banks from accessing the SWIFT international banking system (Society for Worldwide Interbank Financial Telecommunication). The move…
Nations in the West are pushing for the "financial nuclear option" of banning Russia from SWIFT over the invasion of Ukraine. According to Lithuania’s prime minister, Western partners are inching closer to ejecting Russia from the SWIFT global interbank payments system. “Our goal is that the decision is taken as…
Russia has insisted that it will survive the “emotional” financial market reaction to Moscow’s invasion of Ukraine. Kremlin spokesman Dmitry Peskov responded as Western countries, including the United States, have begun sanctioning Russian entities while promising tougher punitive measures. Peskov said Thursday, just hours after launching the invasion, that Russia…
Russia's former President Dmitry Medvedev has warned that gas prices will more than double after Germany announced a freeze on the Nord Stream 2 pipeline. Medvedev said Tuesday that he expects Europeans will soon face a mammoth rise in natural gas prices in response. Germany announced the freeze over Moscow’s…
Billionaire Carl Icahn has ramped up his campaign against McDonald’s over the fast-food giant's pig sourcing policy, which the activist investor says is obscene. McDonald’s sources pigs from suppliers who continue to keep pregnant sows in gestation crates. Icahn has nominated Maisie Ganzler, chief strategy, and brand officer at Bon…
French automaker Renault has warned that its production may be severely impacted due to supply chain issues in Russia. The company is concerned about the stability of its supply chains in Russia amid rising tensions between the country and Ukraine. Should a conflict break out, it will have repercussions for…
Democrat President Joe Biden's order to force a $15 per hour minimum wage for federal contract workers has been partly blocked by the U.S. Court of Appeals for the 10th Circuit. The court partially stayed the enforcement of Biden’s executive order that requires that all federal contractors be paid a…
Democrat Senator Joe Manchin has finally got President Joe Biden's administration to admit that inflation has become "a burden for a lot of people." After coming under pressure from Sen. Manchin (D-WV), the White House now acknowledges that inflation is a real problem. Manchin is urging the Biden admin to…