Commodities

On Thursday, the Department of Energy (DOE) announced the release of 500,000 barrels of crude oil from an emergency stockpile in an attempt to prevent gasoline prices from rising because of the disruptions caused by Harvey. Senator Edward Market (D-MA) had asked the Energy Department to tap into the reserve early Wednesday. The Gulf […] Alex Took No comment

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Commodities

Harvey Throws Energy Market Into Disarray

Commodities

Chile Rejects $2.5 billion Copper-Iron Project 

Commodities

Toyota and Mazda to Build Factory in US

Currencies NEWS

Economics NEWS

  On Wednesday following the Federal Open Market Committee’s two-day meeting, the Federal Reserve announced the third increase in interest rates this year; citing an expectation of faster growth and lower unemployment next year as the US economy strengthens. As expected, the ...

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  Whenever a new industry arises the potential benefits in can have on the surrounding economy are seemingly endless; from becoming an additional source of tax revenue, to the creation of the jobs necessary to support and manage the growth of the emerging industry. So far tax revenue has ...

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  On Wednesday, the United States notified South Korea of their plans to start negotiating amendments to KORUS, the five year old free trade agreement with Seoul, as early as next month. The Trump administrations latest move in American trade policy comes some months after President Trump ...

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International

Germany’s $1.19 billion Diesel Pollution Fund for Cities

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On Tuesday, Germanys federal government cleared the release of $1.19 billion of funding to help cities tackle diesel pollution. The money will be invested in the hopes of finding traffic solutions to lower air pollution. The German government has said that it wants access to the funds to be as simple as possible, light […]Read More


Tesla Completes Construction of World’s Biggest Battery

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On Thursday it was announced that Tesla had completed construction and installation of the world’s largest lithium ion battery in Australia. According to the South Australian government,the completion of installation puts the company on track to meet the 100 day deadline in which the battery packs will be turned on. The project is a […]Read More


Paradise Papers: Apple’s Money Move 

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Over the weekend what has been dubbed the Paradise Papers were released. The International Consortium of Investigative Journalists (ICIJ) and 95 of their media partners explored more than 13 million leaked files, making it a global instigation into the offshore activities of some of the worlds most influential companies and people; exposing a number […]Read More


Trump Urges Saudi Arabia to List State Oil Company on NYSE

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On Saturday President Trump made an appeal to the Saudi kingdom, tweeting, Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States! Trumps tweet came hours before he was set to set to depart for his 11 day tour in Asia, and […]Read More


TransferWise Raises $280M - Looks to Expand

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The international money transfer company TransferWise recently announced it has raised $280 million in new investment. The London based startups funding round was led by asset manager Old Mutual Global Investors and Silicon Valley venture capital firm IVP. Previous backers, who also reinvested as part of the fundraising, include venture firm Andreessen Horowitz and billionaire […]Read More


US-Korean War Games

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The United States and South Korea are expected to begin joint military exercises on August 21st, despite pressure from North Korea and China to halt the exercises; sparking concern that the drills could dramatically increase tensions with North Korea. The exercises have traditionally been held twice a year, since 1968, typically angering North Korea […]Read More


Politics News

Illinois Governor Vetoes Plan to Raise Minimum Wage

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On Friday, Illinois Republican Governor Bruce Rauner vetoed legislation that would have raised the states minimum wage, incrementally over a five year period, from $8.25 to $15. Rauner had said that he believed the hike in wage to be too severe. Illinois Chamber of Commerce expressed their support for the governors veto. The bill […]Read More


CEO’s Resign from Trump Council 

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On Monday, the CEOs from Intel Corp, Merck & Co Inc and Under Armour Inc resigned from President Donald Trump’s American Manufacturing Council. The chief executive of drugmaker Merck & Co, Kenneth Frazier, said he made the decision to leave the advisory council because of the presidents reaction following the violence between white […]Read More


New Jersey Lawmakers Reach Budget Deal

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On Tuesday, three days after the state government shutdown, Governor Chris Christie signed a budget deal for the state of New Jersey. Governor Christie shut down beaches and other state services last Friday, after Christie and Democratic Assembly speaker, Vincent Prieto, hit a budget standoff centered around just how to restructure insurer Horizon […]Read More


Secretary DeVos to Rollback For Profit College Regulations

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Education Secretary Betsy DeVos recently announced plans to suspend two Obama era regulations designed to protect student borrowers and hold for profit colleges accountable for deceptive tactics. Last month, the California Assn. of Private Postsecondary Schools filed suit in federal court in Washington, DC, to block the borrower defense rules from going into effect. […]Read More


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May 02, 2015 China has again regained its appetite for commodities. Market data shows that ... Read More


May 02, 2015 Crude oil prices have been steadily gaining ground in the international market. ... Read More


May 02, 2015 After the recent announcement that Greece was weeks away from running out of ... Read More


May 02, 2015 Gold prices had dipped 2.3% to lowest monthly close in April last month. Silver ... Read More