Independent Chinese oil refineries have been buying Russian crude on the cheap, the Financial Times reported. It comes as the US and UK shun Russian oil, and the EU debates a total ban on imports from the country. Russian oil is trading at a steep discount to global benchmark prices, attracting some buyers. Loading Something is… Continue reading China’s independent oil refiners are buying Russian supplies on the cheap, report says
Oil and natural gas jump in Europe after EU unveils plans to phase out Russian crude within 6 months
Oil rallied on Wednesday, after the EU unveiled a proposal to phase out Russian crude imports within six months. European Commission President Ursula von der Leyen said the aim is to ratchet up pressure on Moscow for its war in Ukraine. “Russian fossil fuels are soon going to be history for western Europe and its… Continue reading Oil and natural gas jump in Europe after EU unveils plans to phase out Russian crude within 6 months
The EU proposes a total ban on Russian oil imports, cutting out crude within 6 months
The EU has put forward proposals for a total ban on Russian oil imports, phasing out crude within six months. European Commission chief Ursula von der Leyen is looking to ban refined products by the end of the year. Officials from the 27 countries that make up the EU will meet later on Wednesday to… Continue reading The EU proposes a total ban on Russian oil imports, cutting out crude within 6 months
Elon Musk says he could take Twitter public again in as soon as 3 years: WSJ
Elon Musk told investors he could take Twitter public in three years, per the Wall Street Journal. He may be trying to convince investors that he would move quickly to raise Twitter’s profitability. The three-year window could be tight, however, and Musk has said he isn’t good with deadlines. Loading Something is loading. Elon Musk,… Continue reading Elon Musk says he could take Twitter public again in as soon as 3 years: WSJ
US stocks end higher in choppy trading session as oil prices and bond yields fall ahead of critical Fed decision
US stocks edged higher Tuesday ahead of a key Federal Reserve decision. Wall Street broadly expects the central bank to hike rates by 50 basis points at the conclusion of its meeting tomorrow. “Clearly you don’t want to own bonds or stocks,” billionaire investor Paul Tudor Jones told CNBC. Loading Something is loading. US stocks… Continue reading US stocks end higher in choppy trading session as oil prices and bond yields fall ahead of critical Fed decision
Could Rising Home Prices Make the Fed Tighten Even More?
Home prices are soaring, with the median price for existing homes climbing 15% in March from a year earlier to $375,000. That’s the highest level since the National Association of Realtors (NAR) began tracking the data in 1999. If home prices keep rising and demand for homes remain strong, the Federal Reserve may have to… Continue reading Could Rising Home Prices Make the Fed Tighten Even More?
4 Ways to Protect Your Inheritance from Taxes
For information on the third coronavirus relief package, please visit our “American Rescue Plan: What Does it Mean for You and a Third Stimulus Check” blog post. Inheritances are not considered income for federal tax purposes, whether you inherit cash, investments, or property. However, any subsequent earnings on the inherited assets are taxable, unless it… Continue reading 4 Ways to Protect Your Inheritance from Taxes
Dream Residential REIT breaks the ice on Canada’s frozen IPO market
It’s the first corporate IPO of more than $150 million to be completed on a Canadian exchange this year Author of the article: Bloomberg News Derek Decloet Pedestrians pass in front of the Toronto Stock Exchange in the financial district of Toronto. Photo by Cole Burston/Bloomberg files A real estate company with apartment buildings in… Continue reading Dream Residential REIT breaks the ice on Canada’s frozen IPO market
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