John Carney - Page 45

The hedge fund manager, who is as famous for his epic failures as his mammoth wins, echoed the lines of those calling for the U.S. to do more to stop Russia.

Hey Joe: What did you say about cutting our costs?

Zero new rigs were added this week despite soaring oil prices.

The deep discount shows how wary global markets are of Russian oil. But the sale indicates that some demand remains, particularly if the price falls low enough.

The application of the techniques of cancel culture to the entire country of Russia continued on Thursday.

JP Morgan’s Russia economist sees an economic contraction comparable to the 1998 ruble crisis, the 2008 financial crisis, and 2020’s coronavirus crisis.

The idea that inflation is caused by the lack of competition was gently dismissed by Fed chair Powell.

The London Stock Exchange said on Thursday that it has suspended trading in dozens of Russian stocks.

This week saw the introduction of a new phenomenon in international relations: canceling an entire country. But the global effort to cancel Russia is a big boon to the communists who still rule China.

The Fed, in its latest Beige Book report that collects business anecdotes from around the country, said that prices charged to customers increased at a “robust pace” across the United States.

A sign that Joe Biden is increasingly viewed as irrelevant and ineffective.

The January estimate went from a loss of more than 300,000 to a gain of more than 500,000.

President Biden said his policies would “blunt” high gas prices. The oil market does not think that’s going to work.

In fact, the overwhelming majority of American taxpayers received a tax cut through the Trump Tax Cuts and Jobs Act.

A big surge despite the announcement of a big strategic reserve release.

Compared with a year ago, construction spending was up 8.2 percent. Single-family home construction spending was up 15.4 percent.

Oil prices surged as fighting continued in Ukraine.

Another month of a record-high trade deficit.

Production declined in February while price pressures intensified.

Still stung by the last boom and bust cycle, and wary of Green New Deal-style anti-fossil fuel rules, U.S. oil producers remain hesitant to expand production.

We haven’t seen prices rise this fast since 1975.

Consumers’ views of their present situation fell sharply, near-term expectations fell by even more, and the expectation for the long-term prospects for the economy are at a decade low.

Can’t stop. Won’t stop. The Fed’s favorite inflation gauge shows prices rose at their fastest pace in 40 years last month.

The international coordinated release of strategic reserves last year failed to keep prices down. But President Biden wants to do it again anyway.

The median price of a new home was $423,300 in January, a seven percent from $395,500 the previous month, reflecting the Bidenflation hitting construction materials.

It’s like someone has put a neon sign flashing #BIDENFLATION on the White House lawn and the Biden’s are scrambling to pull the plug.

Demand collapsed in February as wildfire inflation burned through the Fed’s Fifth District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.

Concerns about inflation are on the rise again after easing in December and January.

Home prices re-accelerated in December.

Arab oil ministers agreed over the weekend that OPEC+ should keep to the production schedule set out three weeks ago.

A rush of sales as rate hikes loom.

Inflation, omicron, and supply chain disruptions were a drag as 2022 began.

Inflation takes its toll on another common household item.

For decades, the Fed has helped pump up asset values and fought inflation by bringing down labor demand. What if it tries something very different?

Inflation is heating up even as the Fed gets ready to hike rates.

Skyrocketing prices for materials and widespread shortages are behind the surprise decline in building activity in January.