What President Biden Releasing Oil From Reserves May Mean for Gas Prices
President Biden signing off on an oil release from the Strategic Petroleum Reserve (SPR) to cool elevated prices may have some effect, but not a ton.
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Profits at Large Global Banks Set to Fall Sharply Due to M&A Slowdown
Profits at world's biggest banks expected to fall for first time in seven quarters, dragged down mainly by a slowdown in mergers and acquisitions.
Morgan Stanley’s Sankaran Sees Ukraine-Russia Rally as a ‘Blip’
Rally in equity and credit markets on optimism about progress in cease-fire talks between Russia and Ukraine is just a temporary blip.
BlackRock President Says ‘Entitled Generation’ Now Learning About Shortages
Inflation is having dramatic effects on the economy, with an entire generation now learning what it means to suffer from shortages.
Libor Breaches 1% for the First Time Since Onset of Pandemic
Three-month London interbank offered rate for dollars cracked 1% for the first time in almost two years
Perfect Contrarian Indicator? Jim Cramer Declares the Bear market is over
Jim Cramer, CNBC commentator, seemed to be in triumphant mood on Friday. We are in some weird market...a bear market..I think bear market is over.
Putin’s Gas-for-Rubles Demand Spurs Confusion in Russia, Abroad
European gas buyers were burning up phones to Gazprom with questions about how new approach supposed to work but gas giant had no immediate answers.
