Even though the Strait of Hormuz has reopened – at least for now – normal flows of oil, gas, and other products from Gulf nations will take months to return to pre-war volumes, economists and experts told The Wall Street Journal.
Author: admin
Post
CREDIT CARD BLUES
Economists have been alarmed that 13 percent of U.S. credit card accounts were at least 90 days past due in this year’s first quarter, near the peak of delinquencies during the Great Recession.
Post
GM LETS EV OWNERS SELL POWER BACK TO THE GRID
General Motors is preparing to download a software update to some of its electric vehicles (EVs) that will enable their owners to direct power from the cars’ battery packs back into the electric grid.
Post
FED LEAVES RATES UNCHANGED, DITCHES HINT OF FUTURE RATE CUTS
The U.S. Federal Reserve’s Open Market Committee voted unanimously last week to leave its key interest rates where they are, at 3.50 percent for savings and 3.75 percent for loans.
Post
RETAIL SALES RISE AS SHOPPERS SPEND THEIR FAT TAX REFUNDS
In May, U.S. retail sales climbed 0.9 percent above those in April and 6.9 percent year on year as tax refunds averaging $3,500 put money in consumers’ pockets.
Post
SPOTLIGHT: U.S. DOLLAR GLORY
The U.S. dollar has hit a one-year high and market players across the globe keep betting that it will keep climbing higher.
Post
UKRAINE RAMPING UP ATTACKS ON RUSSIAN ENERGY INFRASTRUCTURE
Ukraine has been carrying out attacks on Russian energy infrastructure across the country, and the level of disruption “is unprecedented in the history of the Russia-Ukraine” war, the International Energy Agency said, according to a report Monday in The Wall Street Journal.
Post
VANCE DEFENDS TRUMP AMID CRITICISM FROM ISRAELIS WHO WANT THE WAR TO CONTINUE
Vice President JD Vance sent a clear message to Israeli critics of President Donald Trump last week that there is no greater supporter of the Israeli genocide in Gaza and land theft in Lebanon than the Trump administration and they should shut their mouths and get in line because they are bleeding support in the international community.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Elon Musk’s SpaceX is trading $60 billion worth of its stock for the ownership of Anysphere, the company that operates Cursor, a popular AI coding agent.
Post
SPOTLIGHT: ASSESSING THE OIL SHOCK’S IMPACT
Asia is the region most dependent on oil and natural gas that transits the Strait of Hormuz.