Trump Advocates for PM to Dismantle Chinese Wind Farms and Begin Oil and Gas Exploration in the North Sea
Trump is right to urge PM to tear down the Chinese windmills and start drilling for oil and gas in North Sea Drill baby DONALD Trump yesterday delivered another much-needed reality check to Net Zero zealot Ed Miliband. The President says he is happy with the trade deal the US has struck with Sir Keir […]
G7 Finance Leaders Assemble Amidst Focus on Ukraine and Tariff Issues
G7 finance leaders gather with Ukraine, tariff concerns at fore G7 talks often center on priorities across members and guests, like sanctions on Russia, but the impact of US tariffs cast a pall this year, analysts say (Daniel SLIM) Top finance leaders from the G7 nations gather in Canada starting Tuesday, with concerns including war […]
Moody’s Lowers U.S. Credit Rating
Moody’s downgrades U.S. credit rating U.S. Treasury yields spiked on Monday after Moody’s downgraded the U.S.’ credit rating, citing fiscal concerns. At 4:46 a.m. ET, the 30-year Treasury yield was up over 10 basis points to 5.021%. The 10-year yield also rose 10 basis points to reach 4.542%. Meanwhile, the 2-year Treasury yield was up over 2 basis points, […]
15 States File Lawsuit Against Trump’s Initiative to Accelerate Oil and Gas Projects
15 states sue over Trump’s move to fast-track oil and gas projects Over a dozen largely Democratic states are suing President Trump’s administration over his efforts to fast-track energy projects, saying the administration is bypassing environmental protection laws. Mr. Trump issued an executive order declaring a “national energy emergency” on the first day of his […]
10% Tariffs Are Now Permanent
10% tariffs are here to stay The U.K. and U.S. agreed to a landmark trade deal on Thursday — yet the agreement appears to be far from free of tariffs. The deal is the first made by the United States since President Donald Trump unveiled his so-called reciprocal tariffs on countries around the world last […]
U.S. Oil Prices Plunge as OPEC+ Decides to Boost Production in June
U.S. oil prices tumble after OPEC+ agrees to surge production in June Logo of the Organization of the Petroleum Exporting Countries (OPEC) Andrey Rudakov | Bloomberg | Getty Images U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month. U.S. crude was down $2.49, or […]
Oil Industry Targeted by Trump’s ‘Drill, Baby, Drill’ Agenda Faces Challenges
Oil industry that Trump wants to ‘drill, baby, drill’ takes a beating An operator for Baker Hughes conducts a wireline survey on a Chesapeake Energy natural gas rig in the North Texas Barnett Shale near Burleson, Texas. Matt Nager | Getty Images President Donald Trump wants the oil and gas industry to “drill, baby, drill” […]
S&P 500 Reclaims Half of Its Tariff Losses: What Will It Take to Fully Recover?
S&P 500 recovers half of its tariff decline. What it will take to make it all the way back What do you call half a month spent in the most volatile market in years, featuring a headlong flight from U.S. dollar assets, hypersensitivity to every policy headline and a furious equity rally of almost unnerving […]
Impact of Tariffs on the US Economy: Why the Fed Chief’s Warnings About Inflation Are Important
Tariffs will dent US economy and stoke inflation: Why US Fed chief’s warnings matter | Business News The last time that the American dollar, US bonds and stock markets recorded a simultaneous sell off over multiple days was nearly half a century ago – in 1977-78. This would be particularly consequential for the man at […]
Allegations of Insider Trading: Donald Trump and the Pause on Tariffs | Business News
Insider trading? The allegations against Donald Trump amid tariff pause | Business News Just hours before he announced the 90-day tariff pause, US President Donald Trump posted messages on his social media platform, Truth Social, that seemed to be a stock tip for his followers: “THIS IS A GREAT TIME TO BUY!!!” Trump wrote, signing […]