Category Archives: Economy

Putin’s Financial Fortress Blunts Impact of Threatened Sanctions

First American News LLC: Raleigh, NC: U.S. President Joe Biden says planned sanctions if Russia invades Ukraine would have “a devastating impact” on its economy. But after the Kremlin spent the last eight years preparing for more penalties, economists say the pain may not be as bad as some fear. The measures under consideration, which […]

Bond Yields Hit Two-Year High As Stocks End Lower

First American News LLC: Raleigh, NC: U.S. stock indexes fell Tuesday, and bond yields hit two-year highs as investors fretted over whether the Federal Reserve will raise interest rates more quickly and aggressively than expected, said Gaby Mendoza of MB Daily News. Investors, coming off a holiday weekend that had closed markets on Monday, sold […]

Oil Prices Are Hotter Than Ever Despite Geopolitical Tensions

First American News LLC: Raleigh, NC: Crude prices rose to their highest level since the 2014 shale-induced oil crash, a milestone in a rally that is gathering momentum as geopolitical tensions threaten to knock supply, said Gaby Mendoza of MB Daily News. Futures for West Texas Intermediate, the main grade of U.S. crude, added $1.61 […]