Russian officials and oil producers are in discussion to create a global benchmark for Russian crude. The initiative been sped along by talk of a price cap on Russian oil, a source told Bloomberg. The country is seeking to sell oil without restrictions, hoping to evade western sanctions. Loading Something is loading. Russia plans to… Continue reading Russia plans to launch a national oil trading platform to foil Western energy measures, report says
Cannabis stocks spike on report that Senate Democrats are planning to introduce a bill for federal decriminalization
Marijuana stocks soared after Bloomberg reported that said Senate Democrats will introduce a federal decriminalization bill next week. Shares of Tilray jumped as much as 20%, while Aurora Cannabis spiked 10%, and Canopy Growth climbed 7%. The Cannabis Administration and Opportunity Act would remove marijuana from the Controlled Substances Act. Loading Something is loading. Marijuana… Continue reading Cannabis stocks spike on report that Senate Democrats are planning to introduce a bill for federal decriminalization
Russian oil arrives in Cuba as Moscow finds alternative buyers for its shunned supplies
An oil tanker carrying 700,000 barrels of Russian oil reached Cuba on Thursday, Reuters first reported. The ship’s cargo is worth roughly $70 million at the current market price. Moscow has aggressively sought alternative buyers for oil as Western sanctions mount. Loading Something is loading. A tanker carrying 700,000 barrels of Russian oil arrived in… Continue reading Russian oil arrives in Cuba as Moscow finds alternative buyers for its shunned supplies
Soaring inflation has traders betting on the first 100-basis-point rate hike in decades
Traders’ bets for a 100-basis-point rate hike this month saw big swings on Thursday, according to CME data. The FedWatch tool, which is based on Fed Fund futures contract prices, saw the odds soar to 83% then dive to 45% in a few hours. A 1-percentage-point hike would be the largest since Paul Volcker was… Continue reading Soaring inflation has traders betting on the first 100-basis-point rate hike in decades
28 Prime Day Deals Still Live Today
While Amazon Prime Day has ended, that doesn’t mean the party ended. We’re rounding up the ongoing sales in tech, home, beauty and travel categories. Shutterstock With the 48-hour Amazon Prime Day event in our taillights, perhaps you splurged and bought your entire wish list that went on sale. Or maybe you ignored the hype… Continue reading 28 Prime Day Deals Still Live Today
3 Tax Tips for Recently Widowed – CPA Advice
The death of a loved one is never easy. During this period of grief, the surviving spouse is likely not thinking about their taxes. Perhaps, they should. Tax experts say that the surviving spouse will likely experience dramatic changes to their taxes. As part of TheStreet’s ongoing tax series, we caught up with Jeffrey Levine, CPA and… Continue reading 3 Tax Tips for Recently Widowed – CPA Advice
These U.S. cities offer affordable homes to Main Street Americans
With home prices soaring in 2022, buyers may feel they have only two chances to land a new property – slim and none. “Middle-class Americans were already priced out due to the price gains in 2020 and 2021,” said Kevin Oakley, contributing editor at Builder Magazine. Interest rates are getting the majority of the blame,… Continue reading These U.S. cities offer affordable homes to Main Street Americans
Home Shortage Plus High Rates Equals Housing Crisis
The biggest problems confronting the housing market appear to be soaring home prices and mortgage rates plus a shortage of supply. The median price for existing-home sales totaled $407,600 in May, up 14.8% from May 2021, according to the National Association of Realtors. Year over year, prices have climbed for 123 straight months (more than… Continue reading Home Shortage Plus High Rates Equals Housing Crisis
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