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☆ Oil dips 1.5% ahead of OPEC+ meeting, EU Russian oil ban
▼ + stars: | 2022-12-02 | by ( Arathy Somasekhar | ) www.reuters.com time to read: +3 min

Brent crude futures settled down $1.31, a 1.5% drop, at $85.57 per barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.24, or 1.5%, to $79.98 per barrel. Russian oil output could fall by 500,000 to 1 million bpd early in 2023 due to the European Union ban on seaborne imports from Monday, two sources at major Russian producers said. European Commission President Ursula von der Leyen said the Russian oil price cap will be adjustable over time so that the union can react to market developments. The cap was designed to limit revenues to Russia while not resulting in an oil price spike.

☆ The latest terrible news for the stock market: The economy is booming again
▼ + stars: | 2022-11-30 | by ( Neil Dutta | ) www.businessinsider.com time to read: +7 min

Yes, the Fed has slowed activity in certain corners — most notably the housing market — but by and large the economy is still standing. When that happens, investors and consumers better buckle up: There will be more pain ahead for the stock market and the US economy. For a Fed that is trying to slow the economy, this is not a welcome development. At a minimum, it's tough to cut interest rates when the economy is defying expectations. If that's right, we might be seeing yet another false dawn in the stock market.

☆ Why there is so much stoppage time at the 2022 World Cup
▼ + stars: | 2022-11-23 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

But, at the 2022 World Cup, audiences are experiencing games which have just got longer – a lot longer. In fact, according to stats website Opta, the five single halves with the most stoppage time in a single World Cup match, since records began in 1966, were all on Monday and Tuesday at the 2022 World Cup. Former England and Liverpool midfielder Jamie Carragher said on Twitter: “Enjoying the amount of time that is being added on by the officials at the Qatar World Cup 2022. He said that the 32 World Cup teams andtheir members of staff will have to work “harder” to improve players’ recovery in between games. Examples would include soft tissue, swimming pools and ice chambers.”Injury concerns aside, brace yourself for a lot more World Cup minutes until the tournament concludes on December 18.

☆ Rising star Hakeem Jeffries announces bid to lead U.S. House Democrats
▼ + stars: | 2022-11-18 | by ( Richard Cowan | ) www.reuters.com time to read: +4 min

He would build on Pelosi's historic accomplishments as the first female House speaker and the first woman to lead a party in either chamber of Congress. Jeffries satisfies the demand of many House Democrats that younger blood replace the 82-year-old Pelosi, who has had a grip on leadership for the past two decades. 2 position of Democratic whip and moderate Representative Pete Aguilar was expected to seek the job heading the Democratic caucus, which Jeffries now holds. If Jeffries wins the Nov. 30 leadership election, Democrats will be placing party power squarely with New Yorkers. While he is a member of the Congressional Progressive Caucus, Jeffries at times has had strained relations with some progressives, who have questioned his ties to corporate America.

Hunt said he deferred most of the curbs on spending because cutting now would make the current recession worse. "There is nothing Conservative about spending money that you haven't got," he said. The front page of the Financial Times declared "Hunt paves way for years of pain". "All of that borrowing we've done over the last many years is coming home to roost," Johnson told BBC radio. "We're going to be stuck at 100 billion pounds a year being spent on debt interest in the medium term.

☆ Fox Business host tells Lara Trump her father-in-law Donald has lost his 'old magic'
▼ + stars: | 2022-11-17 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Fox Business host Stuart Varney said there wasn't a "great reception" to Trump's campaign launch. He asked Lara Trump if it was possible that her father-in-law had lost his "old magic." On Wednesday, Fox Business host Stuart Varney told Trump's daughter-in-law Lara Trump that he thought there was a lackluster response to the former president's 2024 announcement. LARA TRUMP: Oh. The Fox Business host's prodding of Trump's daughter-in-law comes as media outlets under the Rupert Murdoch-owned News Corp seem to be bailing on the former president.

☆ DeSantis reportedly 'distancing' himself from Trump as rumblings of a potential 2024 White House run grow louder: 'There's no upside to rolling around in the mud with Trump'
▼ + stars: | 2022-11-12 | by ( Taylor Ardrey | ) www.businessinsider.com time to read: +2 min

"There is no upside to rolling around in the mud with Trump at this point," a source told The New York Post. DeSantis was handily reelected earlier this week as rumblings of a 2024 White House run emerge. "There is no upside to rolling around in the mud with Trump at this point," the DeSantis source told the right-leaning outlet. The victory has insiders signaling a potential DeSantis candidacy for the Republican presidential primary in 2024. The source told the Post that the "distancing" between DeSantis and Trump "began a long time ago."

☆ Mexico nominates central banker Esquivel for IDB presidency -sources
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

MEXICO CITY/WASHINGTON, Nov 9 (Reuters) - Mexico has nominated Mexican central bank board member Gerardo Esquivel for the presidency of the Inter-American Development Bank (IDB), four people familiar with the matter said on Wednesday. Headquartered in Washington, the IDB is a key investor in Latin America and the Caribbean. Esquivel, 56, is regarded as perhaps the most doveish member of the board of the Bank of Mexico (Banxico), and his term there is currently scheduled to conclude in December. Former IDB President Mauricio Claver-Carone, the only American president in the bank's history, was fired in September after an investigation showed he had an intimate relationship with a subordinate, Reuters exclusively reported. ET on Nov. 11, with the bank's governors to vote on the next president early on Nov. 20, an IDB official said.

☆ Russia's hopes for a Republican landslide to hurt Ukraine are vanishing fast
▼ + stars: | 2022-11-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

Shift in power ... and Ukraine support? Russia could well hope that a shift in power after the the midterm elections could herald a cooler attitude toward Ukraine. "Further, most Republicans remain staunchly committed to Ukraine support, despite House minority leader Kevin McCarthy's announcement of 'no blank check' for the Ukrainians under a Republican-led House. Russia's President Vladimir Putin listens while then-U.S. President Donald Trump speaks during a press conference in Helsinki, Finland, in 2019. "The war in Ukraine must provide the U.S. with the best chance for regime change in Russia, of taking Putin out.

☆ Alanis Morissette explains bowing out of Rock Hall of Fame ceremony
▼ + stars: | 2022-11-08 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —“You Oughta Know” why Alanis Morissette didn’t perform at the Rock and Roll Hall of Fame induction ceremony over the weekend. The singer had been advertised to perform “You’re So Vain” with Olivia Rodrigo as a tribute to inductee Carly Simon. “There are some misinformed rumblings about my not performing at the Rock & Roll Hall of Fame induction ceremony this past weekend,” Morissette wrote in an Instagram story on Monday. “I tolerated it because nothing would stop me from connecting with those who I cared about and resonated with. I’ll continue to show up in those environments with bells on.”CNN has reached out to the Rock and Roll Hall of Fame for comment.

☆ Rumblings that China may re-evaluate its zero-Covid policy
▼ + stars: | 2022-11-01 | 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 EmailRumblings that China may re-evaluate its zero-Covid policyCNBC’s Eunice Yoon joins Shep Smith to report that China may be planning to roll back its strict pandemic rules as more and more Chinese begin to question the country's zero-Covid policy.

☆ Morning Bid: Tech melts, buck bounces
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +3 min

All of which raises some questions about the price at which Elon Musk eventually agreed to buy Twitter. But the dollar rallied on Friday as other central banks looked to more than match any easier Fed tilt. Eyes are shifting to another U.S. inflation update later, with European growth and inflation numbers surprising to the upside. Although spurred back higher on Friday by the inflation news, European bond markets had a dovish take on Thursday's doubling of European Central Bank interest rates to 1.5%. Key developments that should provide more direction to U.S. markets later on Friday:* U.S. September PCE price index, personal income and consumption.

NASA's InSight lander felt a powerful Mars quake. Then an orbiter took a picture of the meteor impact that caused it. The impact kicked up boulders of water ice, which will be crucial for future astronaut missions to Mars. "It was immediately clear that this is the biggest new crater we've ever seen," Ingrid Daubar, InSight impact science lead, said in a press briefing. An artist illustration of the InSight lander on Mars.

☆ Mars may have molten lava, scientists discover from quakes detected by NASA's Insight lander
▼ + stars: | 2022-10-27 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

NASA's InSight lander has detected Mars quakes that mostly come from one region: Cerberus Fossae. But now, using a seismometer on NASA's InSight lander, scientists have discovered the first evidence of molten lava deep below the Martian surface. A series of Mars quakes clued the scientists in to the potential lava hotspot. The biggest Mars quakes point to an underground chamber of magmaInSight has detected more than 1,300 Mars quakes since landing on the red planet in 2018. To get the global picture of Mars quakes and volcanic activity, NASA would need to send more seismometers to the red planet.

☆ Apple to launch a foldable iPad rather than iPhone in 2024, analyst predicts
▼ + stars: | 2022-10-18 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

CCS Insight published its annual predictions report on Tuesday in which the group' analysts make forecasts about future products and trends. In the latest report, CCS Insight predicted Apple would launch a foldable iPad in two years' time rather than start with a foldable iPhone. "Right now it doesn't make sense for Apple to make a foldable iPhone. The analyst said that a foldable iPhone would likely need to cost around $2,500. Predictions about a foldable iPhone meanwhile have been around for at least four years.

☆ A female doctor fled Russia to avoid being drafted amid fears the 'partial mobilization' will include women medics
▼ + stars: | 2022-10-15 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +7 min

A female doctor told Insider she fled Russia because she feared being called up to serve in Ukraine. Another Russian woman, who trained as a nurse, told Insider that she'd rather go to prison than serve. "I'd been planning to immigrate to Germany for a while for work," she told Insider. The majority of doctors in Russia are womenVarvara had been planning to move to Germany with her husband in November. Sonia Subbotina, the girlfriend of jailed anti-war artist Alexandra Skochilenko, told Insider that she intends to remain indefinitely in St. Petersburg to care for Skochilenko.

☆ A conservative group is suing to block Biden's student debt forgiveness, but it faces legal hurdles
▼ + stars: | 2022-09-27 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

The Pacific Legal Foundation announced Tuesday it was filing suit against student loan relief. "Congress did not authorize the executive branch to unilaterally cancel student debt," Caleb Kruckenberg, an attorney at Pacific Legal Foundation, said in a press release. The nonpartisan Congressional Budget Office has estimated that, according to projections spanning the next 30 years, student loan relief will cost $400 billion. "The claim is baseless for a simple reason: No one will be forced to get debt relief. Because opponents of the debt relief plan are trying anything they can to stop this program that will provide needed relief to working families."

☆ The White House calls a lawsuit to block student loan forgiveness 'baseless' because anyone can opt out of relief
▼ + stars: | 2022-09-27 | by ( Juliana Kaplan | Jason Lalljee | ) www.businessinsider.com time to read: +4 min

A conservative legal organization sued the Education Department over Biden's debt relief plan. It's the first major lawsuit against the Biden administration's announcement that it would forgive up to $20,000 in student debt for federal borrowers making under $125,000. "The claim is baseless for a simple reason: No one will be forced to get debt relief. Anyone who does not want debt relief can choose to opt out," Abdullah Hassan, White House assistant press secretary, said in a statement to Insider. Because opponents of the debt relief plan are trying anything they can to stop this program that will provide needed relief to working families."

But many campaigners believe King Charles III presents a unique opportunity: They think most royalism was actually fondness for the widely loved queen, and he — a new, less popular king — won't inherit this support. The English Civil War resulted in the beheading of King Charles I, before the "Glorious Revolution" saw English elites effectively choose a new monarch who gave lawmakers more rights. William, Prince of Wales, and Catherine, Princess of Wales, look at floral tributes to the queen at Sandringham Estate on Thursday. Some observers agree that Charles should be viewed in an entirely new light now that he is king. “The monarchy knows statesmanship is about knowing to give up what you can no longer keep,” she said.

☆ Reactions: Putin mobilises more troops for Ukraine
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +20 min

Russian President Vladimir Putin makes an address on the conflict with Ukraine, in Moscow, Russia, in this still image taken from video released September 21, 2022. I think even with this Russia stuff it’s hard to see the market really rally a lot more from here ahead of the FOMC. From a geopolitical standpoint, Putin is frustrated that the war isn’t going his way and he’s threatening the west. "If it gets really, really bad, I'd expect the dollar to rise." This announcement by Putin to intensify the escalation in Ukraine definitely doesn’t help.

☆ Biden aides are quietly assembling a 2024 campaign as they await a final decision on his political future
▼ + stars: | 2022-09-16 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Carol-Lee-Circle-Byline-Template.Jpg | Carol E. Lee | ) www.nbcnews.com time to read: +10 min

But, they said, if Republicans win one or both chambers, that would likely trigger a quicker pivot to a Biden re-election campaign. Relying on the party apparatus would allow the Biden campaign to forgo trying to build up its own separate campaign infrastructure in each state. But while a DNC-centric campaign might seem to be a natural fit for Biden, relying on the committee poses risks. “The Biden approach is the more traditional approach.”Far more than Obama, Biden is a creature of the Democratic Party. Biden aides say no final decisions on campaign staffing have been made, and they’re not expected to be until after the midterms.

☆ The army Putin spent 2 decades building has been largely destroyed in Ukraine, and Russia's 'strategic defeat' could threaten his grip on power
▼ + stars: | 2022-09-14 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +8 min

Russia's military will have to be rebuilt because of the war in Ukraine, experts say. But the war in Ukraine has decimated the Russian military that Putin spent years building, while raising questions about his grip on power, Russia experts and military analysts told Insider. Russia's military is going to have to be rebuilt," George Barros, a military analyst at the Institute for the Study of War, told Insider. These losses have forced the Russian military to resort to pulling obsolete Soviet-era equipment, such as T-62 tanks, out of storage. The Russian military is "not nearly as powerful as we thought it was," he said.

☆ Australia is asking its people one question and it's not whether to keep the King
▼ + stars: | 2022-09-13 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +9 min

But in Australia, despite Prime Minister Anthony Albanese's pro-republic views, there's no concerted push in that direction. Australian Prime Minister Anthony Albanese attends the Proclamation of King Charles III, on the forecourt of Parliament House on September 11, 2022 in Canberra, Australia. Today, Yu says views within the Australia's Indigenous community on the Queen are mixed -- as they are in most communities. He said after the Voice to Parliament passes, Australia may be ready to consider life after the monarchy. However Yu, from ANU, said the issue of Australia's Indigenous people must be addressed before any talk of a republic.

It's a signal of a shift in credit cards with fintech companies disrupting traditional rewards. Read Insider's guide to the best rewards credit cards. Beginning in the third quarter of this year, Unifimoney will offer the Unifi Premier, a credit card that allows the company's customers to invest their rewards in bitcoin, stocks, and gold. Throughout his career, he believes that most credit cards have too much if-this, then-that language that our minds don't bother to process. Credit card issuers have the resources and experiences to beat anyone at a portfolio level."

Trump's Save America PAC released a photo showing the former president meeting with House Minority Leader Kevin McCarthy on January 28. It added: "President Trump will always and forever be a champion for the American People." Millions of Trump supporters would likely follow Trump to a new political party — if he chose to break away from the Republican Party. Afterward, McCarthy predicted intraparty peace, saying in a statement: "President Trump committed to helping elect Republicans in the House and Senate in 2022." "President Trump has agreed to work with Leader McCarthy on helping the Republican Party to become a majority in the House."

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