OPEC and its allies pledged on Sunday to stand ready to take “immediate” action to stabilize global oil markets a day before the start of sweeping new Western restrictions on Russia’s oil exports. OPEC+, which is led by Saudi Arabia and Russia, decided against making any immediate changes to the group’s production targets, but said …
OPEC+ says ready to adjust oil production as Russian embargo looms Read More »
President Biden met with congressional leaders on Tuesday and said he was “confident” that a railroad strike can be averted. Congress is being pressed to pass legislation ending the threat of a nationwide railroad strike. Hurry up. A walkout could occur as early as next week, with damaging supply chain disruptions expected to begin within …
Benchmark oil futures in the United States touched their lowest price of 2022 on Monday, briefly erasing what had been a sizable gain since the start of the year as China’s zero COVID policy was is wreaking havoc on energy demand expectations. The price move came less than a week ahead of a Dec. 4 …
US oil hits lowest price of the year thanks to China as OPEC+ exit decision looms Read More »
(NewsNation) – American consumers and almost all American industries will be affected if freight trains stop next month. One of the railroad’s largest unions rejected a deal on Monday, joining three others who did not approve the contracts due to concerns about demanding schedules and a lack of paid sick leave. This increases the risk …
As railroad strike looms, U.S. industry braces for impact Read More »
Amazon founder and former chief executive Jeff Bezos has advised consumers and small businesses on what they should do given that the US economy is either already in recession or heading there “very soon” . The billionaire said: “The economy is not doing very well right now. Things are slowing down. You are seeing layoffs …
Dow Jones futures fell slightly overnight, along with S&P 500 and Nasdaq futures. A strong stock market rally on Tuesday morning faded, becoming briefly mixed after Russian missiles reportedly hit Poland. X Target (TGT) headlined Wednesday morning earnings, while the chip giant Nvidia (NVDA) looms large on Wednesday night. The stock market rallied Tuesday morning …
Market Turns, More Stocks Are Showing Buy Signals, But Resistance Looms Read More »
