Occidental Petroleum on Monday agreed to buy CrownRock, a major privately held energy producer that operates in the Permian Basin, for $12 billion. The deal is latest in a spate of consolidation in the U.S … Read more
U.S. President Joe Biden stops to talk to journalists about new Russian sanctions as he departs the White House on February 20, 2024 in Washington, DC. Biden is traveling to California to attend campaign receptions … Read more
A sign posted outside a restaurant looking to hire workers in Miami on May 5, 2023. Joe Raedle | Getty Images News | Getty Images Unemployment among Black women fell in February as the number … Read more
Bill Stovall in his house in Cumming, Georgia. Every morning, Bill Stovall wakes up at around 8:30 a.m. The first thing he does is speak to his wife’s ashes, which are in a pink urn … Read more
Donald Trump, left, and President Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22, 2020. BRENDAN SMIALOWSKI | AFP | Getty Images With looming tax law changes slated … Read more
At a forum discussing central bank independence, Federal Reserve Chairman Jerome Powell emphasized the necessity for the central bank to operate independently from political influence as it addresses persistent inflation. In his speech delivered to … Read more
Something’s Gotta Give at the Fed TL/DR “Inflation has to stabilize higher than 2%, unemployment must baseline above 5%, or GDP must go significantly lower. Something has to give.” Questions were asked about the rationale … Read more
BY QUOTH THE RAVEN In my latest podcast, I talked to Mark Spiegel about the state of the Fed, the state of cryptocurrency, politics, and – of course – Tesla. Like many of my friends/guests, he’s … Read more
As of this writing, the dollar is up 43 bps. Bonds are softer. Stocks started the day mixed, but are significantly lower now. The Nasdaq is down 2.8% at the worst of it. Gold is … Read more
The drama playing out in Pakistan is interesting, to say the least. Pakistan’s Prime Minister Imran Khan has been ousted from power after losing a no-confidence vote in his leadership. However, what makes this interesting … Read more