The recent decline in NatGas flows to Europe forced Gazprom's largest customer into covering purchases in spot markets at a massive premium versus its long-term NatGas contracts. At the same time, Berlin has capped the prices it charges households and Read more…
The number of homes bought by corporations has soared. With those caveats out of the way, let's look at the foundation of home ownership for the bottom 95%: income and mortgage rates. As mortgage rates rise, more income must be devoted Read more…
Biden Admin Inks $3.2 Billion Deal With Pfizer For 105 Million COVID-19 Vaccines Authored by Tom Ozimek via The Epoch Times (emphasis ours), The Biden administration said it has signed a new agreement with Pfizer and partner BioNTech for 105 Read more…
10Y Yields Tumbles Back Below 3.00%, Stocks Slammed Just when investors were hoping for a month- and quarter-end rebalancing uptick in stocks after the carnage of the last few months, US equity markets are ending the first half of the Read more…
“Biden at press conference says the United States should sell Turkey the F-16 fighter jets but adds there was no quid pro quo in relation to Ankara's lifting of its veto for Finland and Sweden,” a Reuters correspondent writes of Read more…
Supreme Court Grants Biden Victory Over Remain-In-Mexico Asylum Rule The Supreme Court has ruled in favor of the Biden administration on Thursday, which sought to end the Trump-era “Remain in Mexico” policy that requires asylum seekers to wait in Mexico until Read more…
Russia In “Goodwill” Withdrawal From Ukraine's Snake Island To Free Up Grain Exports Russia has taken a major step in trying to demonstrate to Western powers that it's serious about freeing up grain passage off Ukraine's coast and in the Read more…
These events include the most consequential ruling impacting the abortion debate in the United States in half a century, plus other things more relevant to Musk himself-his June 28 birthday and cuts to the Tesla workforce, and the closure of its California office. Musk's Read more…
Oil Rebounds As OPEC+ Confirms Expected Supply Hike The OPEC+ coalition ratified an oil-production increase that completes the return of supplies halted during the pandemic, while deferring discussions on its next move for another day. The 23-nation group led by Read more…
Speaking from the Aspen Ideas Festival, Biden's climate advisor Gina McCarthy stated “We have opportunities now to transfer to clean energy in a way that grows thousands of jobs. Fossil fuels losing jobs.” Watch: Biden climate advisor Gina McCarthy brags Read more…