News Archives - Page 39 of 44

European Growth to Slow over Next Two Years as Inflation Pressures Persist

Economic growth in Europe is forecast to slow over the next two years as pressures from inflation persist. The European Commission has just released its Winter 2022 Economic Forecast for this year and the next, revealing a bleak outlook. Th report predicts a slower pace of growth when compared to…

Pelosi: Congress Should ‘Tighten the Fines’ on Violators of Stock Trading Act

Democrat House Speaker Nancy Pelosi (D-CA) has claimed she supports calls to "tighten the fines" and increase restrictions on members of Congress trading stocks. “We have to tighten the fines on those who violate the STOCK Act,” Pelosi, a seasoned "insider" trader told reporters in Washington during a press conference.…

Tyson Foods Beats Forecasts, Reports Higher-than-Expected Profits

American meat processing giant Tyson Foods saw its shares surge by nearly 12 percent on opening bell Monday, according to reports. The company beat forecasts after reporting higher-than-expected fiscal first-quarter profits. The firm said the profits were boosted by higher consumer prices amid the broader inflationary environment. Tyson Foods, the…

US Heating Oil & Diesel Supplies Diminish as Demand Rises

As demand for diesel and heating oil continues to rise across the United States, supplies are diminishing. Refiners are struggling to replenish the domestic fuel supply this winter. The short supply of the fuels is now prompting fears that oil prices may remain elevated for months. On Feb. 4, heating…

European Central Bank Keeps Interest Rates Steady despite Record High Inflation

The European Central Bank (ECB) is keeping interest rates steady despite inflation hitting record highs. The ECB announced it’s holding its key interest rate at around the zero bound. It is also maintaining its current plans for a gradual wind-down of stimulus measures, even as eurozone inflation has hit a…

Americans Far More Concerned about Inflation than Covid, Poll Shows

Americans are far more worried about inflation over the Covid pandemic as a top economic concern for 2022, a new poll has revealed. Inflation has overtaken Covid fears already this year, according to the latest edition of the Argyle-Leger Confidence Report. While many Americans fear that the pandemic will continue…

Biden to Meet Qatar Leader to Discuss Boosting Gas Supplies to Europe

Democrat President Joe Biden is to meet with the leader of Qatar to discuss boosting gas supplies to Europe as tensions escalate between Russia and Ukraine. Biden is hosting Qatar’s emir, Sheikh Tamim bin Hamad al-Thani, at the White House on Jan. 31 for the discussions. The discussions are expected…

Federal Judge Blocks Gulf of Mexico Drilling Lease Sales over Flawed Impact Analysis

A U.S. federal judge has blocked the sale of oil and gas drilling leases for the Gulf of Mexico after ruling that environmental impact analysis is flawed. The ruling prohibits the sale of drilling leases across 80 million acres of the Gulf of Mexico. The judge determine that the environmental…

Lawmakers Grill NBC over Communist China’s Influence on Winter Olympics Coverage

Two Republican lawmakers are demanding to know whether NBCUniversal’s coverage of the 2022 Winter Olympics is being influenced by the Chinese Communist Party (CCP). Reps. Robert Latta (R-OH) and Cathy McMorris Rodgers (R-WA) wrote a letter (pdf) to NBCUniversal CEO Jeff Shell and President of Olympics and Business Gary Zenkel…

Wall Street Firms Turn Bearish on Stocks: ‘Winter Is Here’

More and more strategists and Wall Street firms are turning bearish on the financial markets as the sharp selloff in stocks continues. Stock market bears are claiming victory after anticipating a correction. Over the last week, the leading benchmark indexes have plummeted. On Monday, analysts at Morgan Stanley, including Michael…