33.6 F
New York
January 25, 2022

hike

Oil falls 2% as Fed rate hike talk spooks risk markets

Reuters
A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Register now for FREE unlimited access to Reuters.com Register Barclays raises 2022 oil price view by $5 a......

Biden’s $15 minimum wage hike for federal agencies goes into effect

USA TODAY – For more and to sign up click here Alex Gangitano Federal agencies were directed to implement President BidenJoe BidenPredictions of disaster for Democrats aren’t guarantees of midterm failure A review of President Biden’s first year on border policy  Vilsack accuses China of breaking commitments in Trump-era trade deal......

LME copper slips on Fed hike jitters; Shanghai nickel leaps to record

Reuters
Jan 21 (Reuters) – London copper prices slipped on Friday as risk sentiment soured with markets expecting the U.S. Federal Reserve to aggressively raise interest rates this year, although hopes of further policy support from China kept the metal on track for a weekly gain. Dwindling inventories and optimism about......

Gold off one-week lows, U.S. rate hike bets reign in gains

Reuters
Global auto recovery to drive a pick-up palladium prices- Citi Markets eye Fed’s Jan. 25-26 meeting Gold stuck in a range- analyst Jan 19 (Reuters) – Gold edged up on Wednesday, but moves were fairly contained as the market looked to U.S. Federal Reserve’s next policy meeting where it is......

Gold slips as U.S. yields firm; traders await Fed rate hike clues

Reuters
U.S. Federal Reserve to meet on Jan. 25-26 Bank of Japan raises price forecast, keeps policy steady 10-year U.S. Treasury yields hit two-year high Jan 18 (Reuters) – Gold prices eased on Tuesday, pressured by higher U.S. Treasury yields, as investors looked for clues about the Federal Reserve’s interest rate......

Aggressive new California tax hike proposal could accelerate exodus from state

USA TODAY – For more and to sign up click here Zachary Halaschak A new healthcare proposal that would nearly double California’s tax revenue has the potential to push more people out of the state. The ambitious legislative proposal would create a single-payer healthcare system and use the increased taxes......

Dollar extends losses, euro rallies as traders reassess rate hike bets

Reuters
A picture illustration of U.S. dollar, Swiss Franc, British pound and Euro bank notes, taken in Warsaw January 26, 2011. REUTERS/Kacper Pempel/File Photo Register now for FREE unlimited access to Reuters.com Register Dollar down at two-month lows after Wednesday CPI data Euro heads for $1.15, strongest since November Sterling extends......

Goldman predicts the Fed will hike rates four times this year, more than previously expected

CNBC
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response, in Rayburn Building on Wednesday, December 1, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty......

Labour urges energy firm tax hike to help cut household bills

BBC
“We recognise people are facing pressures with the cost of living, which is why we are taking action worth more than £4.2bn, and supporting vulnerable households through initiatives such as the £500m household support fund, warm home discount, winter fuel payments and cold weather payments.” BBC – For more and......

California Democrats propose $163 billion tax hike to fund single-payer health care

USA TODAY – For more and to sign up click here Madison Hirneisen | The Center Square Democratic lawmakers unveiled a plan Thursday to fund what could be the nation’s first universal healthcare program, announcing a proposal that would increase taxes for certain individuals and businesses to fund government-run healthcare......

How to survive a 4-month hike: Couple that walked from Mexico to Canada shares tips with 1.7 million TikTok followers

CNBC
CNBC – For more and to sign up click here Millions of people canceled their travel plans in 2021 as Covid-19 halted international trips around the world. Renee Miller and Tim Beissinger were not among them. The pair are “thru-hikers,” a term which describes a style of hiking that starts......

Dollar riding high on hike bets ahead of payrolls report

Reuters
A U.S. one dollar banknote is seen in this illustration taken November 23, 2021. REUTERS/Murad Sezer/Illustration Register now for FREE unlimited access to Reuters.com Register SYDNEY, Jan 7 (Reuters) – The dollar is set to notch up a fifth consecutive weekly gain on the Japanese yen and looks poised to......

Petroleum group says there’s a better road funding solution than 15-cent fuel tax hike

USA TODAY – For more and to sign up click here Elyse Kelly | The Center Square A bill that would raise Wyoming’s fuel tax by 15 cents to fund road repairs recently advanced in a legislative committee, but some think there’s a better solution. Forwarded by the Transportation, Highways......

Oil slips below $80 after OPEC+ output hike decision

Reuters
The sun is seen behind a crude oil pump jack in the Permian Basin in Loving County, Texas, U.S., November 22, 2019. REUTERS/Angus MordanT/File Photo Register now for FREE unlimited access to Reuters.com Register OPEC+ sticks to plan to boost output in February Concerns over impact of Omicron surge U.S.......

Kroger and Walmart hike the price of COVID-19 home tests

CBS News
CBS News – For more and to sign up click here Not only are home coronavirus test kits increasingly hard to find, they’re also becoming more expensive.  Retailers Kroger and Walmart are raising prices on scarce over-the-counter rapid COVID-19 tests after both companies fulfilled pledges to offer Abbott Laboratories’ kits to......

OPEC+ expected to stick to planned oil output hike as omicron Covid cases soar

CNBC
CNBC – For more and to sign up click here A worker in an oil field developed by Almetyevneft, an oil and gas production board (NGDU) of Tatneft. Yegor Aleyev | TASS | Getty Images An influential group of some of the world’s largest oil producers will meet on Tuesday......

Markets and the economy brace as the Federal Reserve’s first rate hike could come in two months

CNBC
CNBC – For more and to sign up click here The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images If everything goes according to plan, the Federal Reserve in a little over two months will enact its first rate increase in three years, a move......

Rio court suspends Petrobras natural gas price hike

Reuters
The logo of Brazil’s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo Register now for FREE unlimited access to Reuters.com Register BRASILIA, Dec 28 (Reuters) – A Rio de Janeiro state court has suspended a 50% hike in......

Japan Approves Major Hike in Military Spending, With Taiwan in Mind

New York Times
New York Times – For more and to sign up click here TOKYO — Japan’s cabinet on Friday approved the country’s biggest increase in military spending in decades, as officials expressed growing concern about the possibility of being pulled into a conflict over Taiwan. The increase of 6.5 percent is......

Darden shares fall as CEO announces plans to retire; Olive Garden parent raises forecast despite planned wage hike

CNBC
CNBC – For more and to sign up click here Diners wearing protective masks wait outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021. Chet Strange | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly earnings and revenue that topped analysts’ expectations, leading the company to raise......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More