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☆ China February new bank loans dip more than expected, lending growth at record low
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: +2 min

New bank lending in China fell more than expected in February from a record high the previous month, even as the central bank seeks to spur sluggish economic growth and fight deflationary pressures. New bank lending in China fell more than expected in February from a record high the previous month, even as the central bank seeks to spur sluggish economic growth and fight deflationary pressures. Outstanding yuan loans grew 10.1% from a year earlier — the lowest on record — compared with 10.4% growth in January. Analysts polled by Reuters had predicted new yuan loans would fall to 1.50 trillion yuan in February from 4.92 trillion yuan the previous month and against 1.81 trillion yuan a year earlier. Chinese banks made 6.37 trillion yuan in new yuan loans in the first two months of 2024, data released by the central bank showed on Friday.

Organizations: People's Bank of China, Analysts, Reuters, ING, Consumer Locations: Beijing, China

☆ Prospects for the UK economy are getting brighter, economist says
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailProspects for the UK economy are getting brighter, economist saysJames Smith, developed markets economist at ING, discusses the economic recovery of the U.K., which notched 0.2% of growth in January.

Persons: James Smith Organizations: ING

☆ John Oliver can't look away from the 'Katespiracy' either
▼ + stars: | 2024-03-13 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

John Oliver is getting swept up in the "Katespiracy" too. Oliver said he didn't care about where Kate Middleton had gone until he saw the doctored photo of her. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIt's not just the internet — the "Katespiracy" has John Oliver in its clutches, too. The bizarre turn of events was puzzling for Oliver and Cohen, with the latter expressing his bemusement at Kate's apology.

Persons: John Oliver, Oliver, Kate Middleton, —, It's, we've, Andy Cohen, Kate, Kensington, Wales, Cohen, Oliver hasn't, Queen Elizabeth II, Kate's, Prince William Organizations: Service, Associated Press, Reuters, Agence France, BI Locations: British

☆ Columbia University leaders to get grilled by Congress at antisemitism hearing
▼ + stars: | 2024-03-11 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —The president and board chairs of Columbia University have agreed to testify next month at a Congressional hearing on campus antisemitism. The House Education and Workforce Committee announced Monday it will hold a hearing on April 17 featuring Columbia President Minouche Shafik and the two co-chairs of the board of trustees: Claire Shipman and David Greenwald. The Columbia president declined the invitation due to a scheduling conflict, according to the Columbia Spectator. Last month, the House Education Committee widened its campus antisemitism investigation to include Columbia and demanded the Ivy League school turn over a wide range of documents to aid that probe. Shai Davidai, an assistant professor at the Columbia Business School, called Shafik a “coward” in a fiery speech last year criticizing the university president for failing to quiet “pro-terror” voices at the school.

Persons: Minouche Shafik, Claire Shipman, David Greenwald, Shafik, Penn, ”, Virginia Foxx, Eden Yadegar, ’ ”, Yadegar, Samantha Slater, Israel, Shai Davidai Organizations: CNN, Columbia University, Education, Workforce, Columbia, Harvard University, Massachusetts Institute of Technology, University of Pennsylvania, Columbia Spectator, Harvard, House, Committee, Ivy League, Israel, Columbia University Columbia, Department of Education, Columbia Business School Locations: Columbia, Israel

☆ The most jaw-dropping moment on 'Love Is Blind' this season wasn't between any of the leads
▼ + stars: | 2024-03-08 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +9 min

Read previewWarning: Spoilers ahead for the "Love Is Blind" season six finale. When Clay said "I don't" to AD at the altar in the season six finale of "Love Is Blind," the only one who was surprised was AD herself. AdvertisementMargarita was already an MVP when she first showed up earlier this seasonClay's mom first appears on "Love Is Blind" season 6 episode 9. NetflixClay's mom Margarita had already won legions of "Love Is Blind" fans over with her no-nonsense attitude when she first showed up in episode nine. The "Love Is Blind" season six reunion airs March 13 at 9 p.m.

Persons: —, Clay, Margarita, Trevor, Margarita masterfully, Margarita doesn't, Clay —, Sarah Ann, DM'ing, they're, Here's, I've, I'm, Netflix It's, it's Organizations: Service, Business, Netflix Locations: Clay, Margarita, Chelsea, Jimmy's

☆ China’s exports jump thanks to demand from India, Russia and other emerging markets
▼ + stars: | 2024-03-07 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China registered a surprise jump in foreign trade at the start of the year, partly because of strong demand from Russia, India and emerging markets in Africa and Latin America. China’s economy is battling a number of headwinds, including weak consumer and investor confidence, high youth unemployment and a long-running real estate crisis. Apart from the weak base effect, strong demand from emerging markets helped China’s trade surge at the start of the year. Meanwhile, China’s exports to Russia increased 12.5%, representing a slowdown from the rapid growth seen last year. “At the current juncture, it is likely too soon to call for a revival in China’s trade sector,” said HSBC analysts on Thursday.

Persons: ”, Nomura, “, Lynn Song, Biden, Wang Wentao Organizations: Hong Kong CNN, Exports, European Union, “, HSBC, Greater China, ING, European Commission, Wall Street Locations: Hong Kong, China, Russia, India, Africa, Latin America, Moscow, United States, Japan, Australia, Greater

☆ China is laying out ambitious growth goals for 2024, and even Beijing knows they'll be hard to hit
▼ + stars: | 2024-03-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewChina is laying out ambitious growth goals for 2024, and Beijing knows they'll be hard to hit. China — the world's second-largest economy — is targeting economic growth of around 5% this year, Li Qiang, the country's premier, announced on Tuesday. "Achieving the 'around 5%' growth target will be very challenging," Nomura economists wrote in a note on Tuesday. Economists are watching to see whether Beijing will inject more stimulus into its economy to help it hit its 5% growth target.

Persons: —, they'll, Li Qiang, Li, Nomura, Lynn Song Organizations: Service, Business, National People's, ING, Nomura, Deutsche, Seng China Enterprises Locations: China, Beijing, Greater China, Hong Kong

The work report presented Tuesday by Premier Li Qiang to the National People’s Congress outlined plans for modest increases in overall spending and a hefty 7.2% jump in funding for the military. Li's work report is designed to showcase for the nation achievements in the past year and convey the top leadership's priorities for this year. Photos You Should See View All 60 ImagesApart from the ambitious growth target, “There is no reform, no liberalization, no action plan and no messaging of reassurance,” he said. — Another 10.4 billion yuan ($1.4 billion) will go to upgrading industries and modernizing manufacturing. “We will work to build China's self-reliance and strength in science and technology,” the report said.

Persons: it’s, Premier Li Qiang, Li, Xi Jinping's, James Zimmerman, ”, Tianchen Xu, What's, —, Xu, ” Lynn Song Organizations: BEIJING, Premier, National People’s, Communist, American Chamber of Commerce, Economist Intelligence Unit, Baidu, Greater China, ING Economics, — Locations: China, Beijing, Washington, Hong Kong, Greater

☆ Eurozone Inflation, at 2.6%, Continues to Ease
▼ + stars: | 2024-03-01 | by ( Patricia Cohen | More About Patricia Cohen | ) www.nytimes.com time to read: +1 min

The bank also keeps a close eye on core inflation, which strips out volatile food and energy prices. That annual figure dropped to 3.1 from 3.3 percent, but it is still significantly above the headline number. In Spain, the annual rate dropped to 2.9 percent from 3.5 percent in January. Italy and Latvia had the lowest inflation rates, below 1 percent. Bottom Line: It’s all about energy prices.

Persons: ” Carsten Brzeski Organizations: ING Locations: Central, Germany, France, Spain, Italy, Latvia, Austria, Croatia, Estonia

☆ ‘I have become traumatized.’ Jewish students describe campus antisemitism
▼ + stars: | 2024-02-29 | by ( Matt Egan | Elisabeth Buchwald | ) edition.cnn.com time to read: +3 min

New York CNN —Jewish students at major universities told lawmakers on Thursday they feel unsafe on campus amid a surge in antisemitism. At a roundtable hosted by the House Education and Workforce Committee, students from Columbia University, the Massachusetts Institute of Technology and other schools described hearing violent chants on campus and complained administrators are not doing enough to fight antisemitism. “In the past five months, I have become traumatized,” said Talia Khan, a second-year graduate student at MIT. Eden Yadegar, a junior at Columbia University, described how Jewish students were attacked by people wielding sticks outside of the university library, and how she has been mocked on campus as well as on social media. The committee held a hearing in December questioning the presidents of Harvard, MIT and the University of Pennsylvania about antisemitism.

Persons: “, ”, Talia Khan, ” Khan, Khan, Eden Yadegar, ’ ”, Yadegar, Samantha Slater, ” Slater, UPenn, Virginia Foxx, Foxx Organizations: New, New York CNN, Jewish, House Education, Workforce, Columbia University, Massachusetts Institute of Technology, MIT, Khan, MIT Israel Alliance, Education, An MIT, CNN, Israel, House, Workforce Columbia, University, Ivy League, Harvard, University of Pennsylvania, Department of Education Locations: New York, Rep, Harvard, Columbia

☆ Yuval Abraham receives death threats after calling for Gaza ceasefire at Berlin film festival
▼ + stars: | 2024-02-28 | by ( Amy Cassidy | Chris Stern | ) edition.cnn.com time to read: +3 min

CNN —Israeli journalist and film director Yuval Abraham said he is receiving death threats and has canceled his flight home from the Berlin International Film Festival amid backlash to an acceptance speech in which he decried the “situation of apartheid” and called for a ceasefire in Gaza. Abraham and his Palestinian co-director Basel Adra accepted the Best Documentary award for their film “No Other Land,” which chronicles evictions and demolitions of Palestinian homes in the occupied West Bank by Israeli authorities, on Saturday. Their speeches were met with accusations of antisemitism by high-level German and Israeli officials, including the mayor of Berlin and Israel’s Ambassador to Germany. “I am still getting death threats and had to cancel my flight home. I’m free to move where I want in this land; Basel is, like millions of Palestinians, locked in the occupied West Bank.”He continued: “We need to call for a ceasefire.

Persons: Yuval Abraham, Abraham, Basel Adra, “, ” Abraham, John Macdougall, Adra, ”, Kai Wegner, ” “, ” Ron Prosor, — Organizations: CNN, Berlin, West Bank, Israeli, Potsdamer, Getty, Abraham’s, Bank, Basel, ” Locations: Gaza, Berlin, Germany, Israel, Basel, ” “ Berlin

☆ The dangerous parallels between Putin’s ambitions in Ukraine and Xi’s claims on Taiwan
▼ + stars: | 2024-02-27 | by ( Will Ripley | ) edition.cnn.com time to read: +12 min

What is happening is to a certain extent, an element of a civil war,” Putin claimed. The island remained a Japanese colony for half a century until the end of World War II, when it came under the control of China’s ruling Nationalist government. Today Xi is expanding China’s military at a pace the world hasn’t seen in a century – since before World War Two. Long-time China analyst Steve Tsang, author of “If China Attacks Taiwan,” once told me that Xi’s military build-up is, by comparison, larger than Nazi Germany and Imperial Japan combined. Many here in Taiwan fear it’s only a matter of time before Xi, like Putin, puts his words into action.

Persons: Taiwan CNN —, Kolas Yotaka, Tucker, Vladimir Putin, “ Putin, Xi, ”, Putin, Xi Jinping, ” Yotaka, –, Jens Stoltenberg, “, ” Stoltenberg, it’s, ” China’s, Russia –, Carlson, ” Putin, Critics, Chiang Kai, shek, ” Xi, He’s, Tsai Ing, Steve Tsang Organizations: Taiwan CNN, Taiwan Presidential, Taiwan –, NATO, Munich Security, Communist Party, Russia, Observers, Nationalist, Communists, Taiwan’s National Chengchi, Democratic Progressive Party, Taipei, Xi, Navy, Global China, Atlantic Council, Taiwan Relations Locations: Taipei, Taiwan, Ukraine, Beijing, China, Russia, Soviet, Ukrainian, Soviet Union, Japan, Republic of China, Taiwan Strait, United States, Hong Kong, Nazi Germany, Imperial Japan, Washington

☆ How Trump will seek to pit federal judges against each other to avoid trial
▼ + stars: | 2024-02-26 | by ( Katelyn | ) edition.cnn.com time to read: +10 min

“Meaning, ice her,” said a person familiar with Trump’s trial schedule strategy. That would create a hole in Trump’s court schedule after the New York trial that no other case is positioned to fill. The special counsel’s office has repeatedly argued that the public, too, deserves to have Trump’s federal election case before a jury quickly, potentially even before the next presidential election. While Trump couldn’t be on trial simultaneously in two different courts, judges could have overlapping schedules initially because trial dates can often move. He’s not going to be in more than one criminal trial at the same time.”CNN’s Hannah Rabinowitz and Holmes Lybrand contributed to this report.

Persons: Donald Trump’s, Tanya Chutkan, ”, Aileen Cannon, Trump’s, Cannon, Aileen Canon, Obama, Chutkan, Trump, Stormy Daniels, “, ” Trump, Todd Blanche, –, it’s, applicant’s, Juan Merchan, ” Merchan, Blanche, ” Blanche, Merchan, Mr, He’s, ” CNN’s Hannah Rabinowitz, Holmes Lybrand Organizations: CNN, Trump, Quinnipiac University, New, Justice Department, Supreme Locations: Florida, Georgia, Washington, DC, Manhattan, York, Fort Pierce , Florida, New York

☆ US says ‘understanding’ reached at Gaza hostage talks but negotiations continue
▼ + stars: | 2024-02-25 | by ( Camila Dechalus | Sam Fossum | ) edition.cnn.com time to read: +2 min

CNN —Negotiators have come to an “understanding” on the broad contours of a potential deal to release hostages held by Hamas in exchange for a temporary ceasefire in Gaza, White House National Security Advisor Jake Sullivan told CNN Sunday. An Israeli delegation, including Mossad director David Barnea, joined talks with CIA director Bill Burns and Egyptian and Qatar negotiators in Paris on Friday. Qatar and Egypt serve as intermediaries between Hamas and Israel, which do not talk directly to each other. Crucially, Hamas has not yet signed onto this possible framework and any possible final deal is still, at the earliest, days away as negotiators continue to hammer out the actual details. But we will have to wait and see.”When pressed by Bash on how hopeful he was about a potential deal, Sullivan declined to weigh in: “There’s been a lot of to’ing and fro’ing.

Persons: Jake Sullivan, David Barnea, Bill Burns, I’m, ” Sullivan, CNN’s Dana, Bash, Sullivan, “, Benjamin Netanyahu’s, ”, they’ve Organizations: CNN, National, CNN Sunday, CIA, Qatar, Union, Israeli, Fox News Locations: Gaza, Paris, Qatar, Egypt, Israel, United States, ‘ State

☆ Taiwan fears that stalled Ukraine aid foreshadows their future if China invades
▼ + stars: | 2024-02-25 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +1 min

Taiwanese officials expressed concern to a visiting US delegation about stalled aid to Ukraine. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaiwanese officials have expressed concerns about stalled US aid to Ukraine, fearing implications for US defense support in the event of a Chinese invasion. During a three-day visit to the self-governing island, Taiwanese officials repeatedly questioned a visiting US congressional delegation about US support for Ukraine, Politico reported. US and senior Taiwanese officials, including President Tsai Ing-wen and President-elect Lai Ching-te, attended the meetings.

Persons: Donald Trump, —, Tsai Ing, Lai Ching Organizations: Service, Ukraine, Politico, Business Locations: Ukraine, China, Taiwan

The House Select Committee on the Chinese Communist Party sent a letter on Saturday to Elon Musk demanding that U.S. troops stationed in Taiwan get access to SpaceX's Starshield, a satellite communication network designed specifically for the military. The letter, obtained by CNBC and first reported by Forbes, claimed that by not making Starshield available to U.S. military forces in Taiwan, SpaceX could violate its Pentagon contract, which requires "global access" to Starshield technology. The letter requests that Musk provide the House committee with a briefing on its Taiwan operations by March 8. Taiwan has been governing itself independently of China since the island split from the mainland during the 1949 civil war. "I think I've got a pretty good understanding as an outsider of China," Musk said on the All-In Podcast.

Persons: Elon Musk, Tesla, Forbes, Mike Gallagher, Gallagher, Tsai Ing, Lai Ching, Musk, I've, Jaushieh Joseph Wu Organizations: Fratelli, Chinese Communist Party, Elon, CNBC, SpaceX, Pentagon, U.S ., Rep, CCP, Starshield, Russia, U.S, Tesla, Foreign Locations: Italy, Rome, Taiwan, China, American, Shanghai, Hawaii

☆ The era of the Magnificent 7 is over, says the analyst who invented the term
▼ + stars: | 2024-02-24 | by ( Aruni Soni | ) www.businessinsider.com time to read: +5 min

It was a good run, but the era of the Magnificent Seven is over for the stock market. "I don't see these seven names rising together," said the analyst who coined the nickname for the group. AdvertisementThe Magnificent Seven are looking a little less magnificent, and aren't really even a band of seven anymore. In a note titled "R.I.P the Magnificent Seven Era," Mike O'Rourke, chief market strategist from Jones Trading, said the group's dominance over the stock market is coming to a close. Back in April 2023, when O'Rourke invented the moniker (although some say it was BofA's Michael Hartnett who coined the term), the Magnificent Seven contributed to a stunning 88% of year-to-date gains.

Persons: —, aren't, Mike O'Rourke, O'Rourke, BofA's Michael Hartnett, Michael Hartnett, That's, it's, " O'Rourke, Tesla, Dan Niles, Satori, Niles Organizations: Service, Jones, Apple, Nvidia, Tesla, Microsoft, Meta, Companies, Satori Fund, Google, CNBC Locations: China

☆ Fate of U.S. aid to Ukraine package discussed on Taiwan trip, lawmakers say
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +2 min

The Republican Speaker of the U.S. House of Representatives, Mike Johnson, has so far blocked passage of the bill that includes $60 billion in new funding for Ukraine. Former Republican President Donald Trump opposes aid for Kyiv. "Every single meeting we had in Taiwan focused on Ukraine for at least part of the meeting. The lawmakers meetings in Taipei included President Tsai Ing-wen and president-elect Lai Ching-te, who won election last month and takes office in May. The committee's chair, Republican Congressman Mike Gallagher who is leading the delegation Krishnamoorthi is on, said what happened to Ukraine mattered to Taiwan.

Persons: Mike Gallagher, Han Kuo, Sam Yeh, Mike Johnson, Donald Trump, Krishnamoorthi, Putin, Xi, Vladimir Putin, Tsai Ing, Lai Ching Organizations: of, Kuomintang, KMT, Afp, Getty, U.S, Republican, U.S . House, Ukraine, Kyiv, Democratic Locations: Taipei, China, Taiwan, U.S, Ukraine

Taipei, Taiwan CNN —American support for Taiwan will continue no matter who wins the upcoming US election, House Rep. Mike Gallagher told an audience in the democratic island on Thursday, as tensions simmer between Taipei and Beijing. “I’m confident regardless of how the presidential election goes, we will maintain our support not only for Taiwan but also a posture of internationalism and engagement,” Gallagher told reporters in the capital Taipei. Gallagher said American efforts to support Ukraine’s defense against Russia’s invasion were also critical to deterring Beijing from using force against Taiwan. American lawmakers regularly visit Taiwan and have supported legislation to bolster US support for the island and its defensive capabilities. 07:53 - Source: CNNTroubled watersThe delegation’s visit comes during a period of heightened tensions between China and Taiwan, sparked by the drowning of two Chinese fishermen near Taiwan’s Kinmen Island last week.

Persons: Mike Gallagher, “, ” Gallagher, Gallagher, Donald Trump, Trump, Joe Biden, Raja Krishnamoorthi, Tsai Ing, Lai Ching, Tsai, ” Tsai, China, ”, ” “, …, ” Zhu Fenglian, Chen Chien Organizations: Taiwan CNN, Communist Party, Taiwan, NATO, Democratic, Washington, CNN, Taipei, Republican, Wisconsin, Chinese Foreign Ministry, Taiwan Affairs Locations: Taipei, Taiwan, Beijing, China, Ukraine, Europe, Raja, United States, Taiwanese, ”

☆ Dealmaking is showing signs of life, but it comes with some downsides
▼ + stars: | 2024-02-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, we're looking at why M&A could be staging a comeback and which bankers made the most of 2023 . The big storyDealmaker's delighttatomm/iStock, Tyler Le/BIThree monster deals announced in less than a week has Wall Street wondering: Is M&A back? But after a dreadful 2022 and 2023, dealmaking is showing signs of life, Business Insider's Theron Mohamed writes. Capital One, Truist, and Walmart announced acquisitions totaling $53 billion this week, leaving bankers hopeful the good times (and fees) are back. Deals represent an exit opportunity for companies, giving their investors (some of whom are employees) a chance to cash out.

Persons: Tyler Le, Theron Mohamed, Biden, Alex Morrell, Reed Alexander, Alyssa Powell, Emily Stewart, Wall, it's, M, Getty, Jenny Chang, Rodriguez, Jensen Huang, Goldman Sachs, Carlos Delgado, Associated Press Rivian, Rivian, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Federal Reserve, Walmart, Activision Blizzard, ExxonMobil, Cisco, Acquisitions, Activision, Wall Street, Big Tech, Nvidia, ING, Microsoft, Associated Press, BI, Google, Walgreens, Sunshine State, CVS, Intuit, Nestle, Square Locations: Europe, Florida, VillageMD, New York, London

☆ An under-the-radar recession indicator in the bond market is sounding the alarm for a hard landing
▼ + stars: | 2024-02-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

An under-the-radar recession indicator in the bond market is raising alarm that the economy could be heading for a hard landing, according to ING Economics. Strategists at the analytics firm pointed to a tight correlation between US Treasury yields and Bund yields in Europe, with both yields slipping in recent weeks as markets reprice their interest rate expectations over the short-run. That was the case in the Silicon Valley Bank crisis in early 2023, when a sell-off fueled by the collapse of SVB led Treasury yields and Bund yields to tumble in tandem. "The correlation between UST and Bund yields is significantly elevated, which usually points to a hard-landing narrative," strategists said in a note on Wednesday. New York Fed economists, meanwhile, are pricing in a 61% chance the economy could tip into recession by January of next year.

Persons: SVB Organizations: ING Economics, Treasury, Business, European Central Bank, ING, Bank, UST, Bund, ECB, New York Fed Locations: Europe, Silicon

☆ US and allies disrupt Russian cyber espionage operation against US and Europe, FBI chief says
▼ + stars: | 2024-02-15 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —The FBI and its international allies disrupted a network of over 1,000 hacked internet routers that Russia’s military intelligence agency was using for cyber espionage operations against the United States and its European allies, FBI Director Christopher Wray said Thursday. The US has new intelligence on Russian military capabilities related to its efforts to deploy a nuclear anti-satellite system in space, CNN reported Wednesday. Wray’s announcement is the latest move by the FBI to use court orders to try to stifle complex hacking operations from Russian spy agencies. US intelligence agencies also use hacking operations to try to thwart Russia, China and other rival governments. But unlike the FBI’s court-authorized work, details of those US cyber operations rarely, if ever, are made public.

Persons: Christopher Wray, ” Wray, Wray, “ we’ve, Weeks, Russia’s Organizations: CNN, FBI, Munich Security Conference, Justice Department, Russian Embassy, US, “ Locations: United States, Russian, Washington , DC, Munich, Russia, China, Beijing, Ukraine, “ Russia

☆ Oil prices fall on sticky inflation, bigger-than-expected US crude stock build
▼ + stars: | 2024-02-14 | by ( ) www.cnbc.com time to read: +2 min

U.S. West Texas Intermediate crude futures fell 22 cents, or 0.3%, to $77.65 a barrel. U.S. crude oil inventories rose 8.52 million barrels in the week ended Feb. 9, according to market sources citing American Petroleum Institute figures released late on Tuesday. "The builds in crude oil were fairly bearish. The API data showed gasoline inventories fell 7.23 million barrels and distillate stocks fell by 4.02 million barrels, both much larger declines than analysts expected. Also weighing on the market, data on Tuesday showed U.S. consumer inflation stayed elevated last month.

Persons: derrick, Brent Organizations: U.S . Federal, . West Texas, American Petroleum Institute, Reuters, ING, U.S . Energy, Administration Locations: al, Syria's, Hasakah, Turkey, U.S

☆ Even some Republicans are nervous about how Mayorkas' impeachment could backfire
▼ + stars: | 2024-02-14 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Read previewHomeland Security Secretary Alejandro Mayorkas is only the second Cabinet secretary to be impeached in American history. The three Republicans who voted to oppose Mayorkas' impeachment have each warned about establishing a new precedent for the action some lawmakers place only below authorizing a war. Still, the vote to impeach Trump for inciting the Capitol riot was the most bipartisan presidential impeachment vote in history. As The New York Times pointed out during Trump's first impeachment, one out of every four presidents have had articles of impeachment written up against them. Gallagher announced his decision just days after bucking his party on the first vote to impeach Mayorkas.

Persons: —, Alejandro Mayorkas, Biden, Mike Gallagher of, Mayorkas, hasn't, Tom McClintock of, Donald Trump, Mike Johnson, Johnson, Nancy Pelosi, Donald Trump's, Gallagher, Trump, Trump's, there's, George W, Dennis J, Kucinich, Bush, Marjorie Taylor Greene, Machiavelli, Bryan Metzger, Adam Schiff, Jonathan Turley, Ken Buck, Ken Buck of Colorado Organizations: Service, Business, Republican, Homeland, House Homeland Security, Trump, Capitol, New York Times, Ohio Democrat, Republicans, Georgia Republican, California Democrat, George Washington University Law, Daily Locations: Mike Gallagher of Wisconsin, Tom McClintock of California, Ohio, Georgia, California, Ken Buck of

☆ Oil prices edge up on Middle East risk
▼ + stars: | 2024-02-13 | by ( ) www.cnbc.com time to read: +3 min

Oil prices rose slightly on Tuesday on fears Middle East tensions could disrupt supply, but uncertainty about the pace of potential U.S. interest rate cuts and the ensuing impact on fuel demand capped gains. Oil prices were near flat in Monday's trade, after gaining 6% last week. A move by the U.S. to tighten or step up enforcement of sanctions on Iran would impact oil market supplies. The Organization of the Petroleum Exporting Countries is also scheduled to release its monthly oil market report on Tuesday. OPEC and its allies including Russia, known as OPEC+, will decide in March whether to extend voluntary oil production cuts in place for the first quarter.

Persons: Houthis Organizations: Brent, . West Texas, New York Fed, Consumer, Reuters, of, Petroleum, OPEC, ING Locations: Huntington, Pier, Huntington Beach, Iran, Red, United States, Britain, Israel, U.S, Iraq, Russia, OPEC, Saudi Arabia

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