Biden, Chevron’s chief of commerce sharp words on gas prices

Washington (AFP) – In a back-and-forth signal, Chevron’s chief complained on Tuesday that President Joe Biden had denigrated energy companies at a time when gasoline prices were near record levels and the president responded that the oil company’s CEO was a “moderate” sensitive. “ The president in recent weeks has criticized oil producers and refiners … Read more

Former US ambassador says raising tariffs on China can lower inflation

Former US ambassador David Adelman said removing tariffs on imported Chinese goods would strip 1% of US inflation over time and restore confidence in the economy, which could help President Joe Biden at the ballot box. “Inflation will be the number one issue in the November US midterm elections,” Adelman told CNBC’s “Squawk Box” on … Read more

Here’s what a Fed rate hike means for your salary

Every time inflation rises, it takes a cut of workers’ salaries and chews up their bank accounts. And this current stretch of inflation—caused by a combination of events, including the war in Ukraine and the ongoing pandemic—has a voracious appetite. this means Rising wages Already turned into losses, according to the latest inflation report Consumer … Read more

The Bank of England raised interest rates for the fifth time in a row as inflation soared

LONDON – IN Bank of England On Thursday it carried out a fifth consecutive rate hike as it looks to rein in high inflation. The Monetary Policy Committee voted 6-3 to increase the bank rate by 25 basis points to 1.25%, with the three opposition members voting to increase the bank rate by 50 basis … Read more

5 things to know before the stock market opens Thursday, June 16

Here are the top news, trends and analysis that investors need to start their trading day: 1. Wall Street braces for a dip as Fed rate hike fades A screen displays a Federal Reserve rate announcement as a trader works (inside a post) on the floor of the New York Stock Exchange (NYSE) in New … Read more

Real-time updates of the Fed’s big rate decision and Powell’s press conference

The Federal Reserve raises interest rates by 0.75 percentage points The Federal Reserve announced that it raised interest rates by 75 basis points, or 0.75 percentage points. This represents the largest rate increase in 28 years. –Darla Mercado S&P 500 index could gain 23.8 basis points after Fed meeting The S&P 500 is historically gaining … Read more

Mills and LePage look forward to November in Maine governor’s race | Health, medicine and fitness

By David Sharp – The Associated Press Portland, Maine (AFP) – Paul Lepagethe Republican who was in control of his state as governor of Maine offensive letter And the combative leadership, seeking a political return. without oppositionLePage will head to the Republican nomination for governor on Tuesday, as part of a fierce general campaign against … Read more

WWF report says online wildlife trade is on the rise in Myanmar | science news

Written by Eileen Kortenbach, Business Writer at AP Bangkok (AFP) – Illegal online purchases of wildlife are increasing in Myanmar, threatening public health and endangered species, a report by the World Wildlife Fund shows. The report released on Friday found that enforcement of the ban on such transactions has weakened amid political turmoil after the … Read more

Trump said “I told you so” for a moment above inflation records

Former President Donald Trump said Friday’s announcement that inflation has reached a level Annual rate 8.6% That would never have happened if he had been re-elected in 2020. “Just out, CPI is really bad – 8.6%. Worst number since December 1981,” the 45th president posted on his Truth Social. “Employment numbers are 6,000,000 less than … Read more

Golf trips to Britain’s top courses have been sold out this year and next

Travelers planning a golf vacation to prestigious courses in the UK may need to act quickly. Some of the UK’s best selling places not just this year, but places – or playtimes – in 2023, due in part to the growing confidence in international travel among wealthy Americans. Travelers are drawn to the chance to … Read more