© Bloomberg. Lawrence Summers (Bloomberg) — Former Treasury Secretary Lawrence Summers criticized President Joe Biden’s efforts to lower the price of gasoline, saying it should be allowed to rise because fossil fuel consumption warms the planet. Summers said in an interview Friday on Bloomberg Television’s “Wall Street Week” that the Biden administration should instead adjust…
© Bloomberg. Containers sit stacked next to gantry cranes as trucks operate at the Port of Ningbo-Zhoushan in Ningbo, China, on Wednesday, Oct. 31, 2018. President Donald Trump wants to reach an agreement on trade with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina later this month and has asked…
© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis By Indradip Ghosh and Shrutee Sarkar BENGALURU (Reuters) – The Federal Reserve will announce a plan to taper its asset purchases in September, according to a solid majority of economists polled by Reuters who also said the…
2/2 © Reuters. FILE PHOTO: U.S. President Joe Biden discusses his ‘Build Back Better’ agenda for economic growth and job creation following early morning Senate passage of the bipartisan infrastructure bill and the budget resolution, during a speech in the East Room at 2/2 By Jeff Mason and Susan Heavey WASHINGTON (Reuters) -President Joe Biden…
© Reuters. FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo By Yew Lun Tian BEIJING (Reuters) -China will draft new laws on national security, technology innovation, monopolies and education, as well as in areas involving foreigners, the national leadership said in a document published late on…
© Reuters. Kuwaiti entrepreneur Abdulaziz al-Mubarak, head of the Kuwaiti Union of Small and Medium Enterprises, speaks at his children’s clothing store in Avenues mall in Al-Rai, Kuwait, July 26, 2021. REUTERS/Stephanie McGehee By Ahmed Hagagy KUWAIT (Reuters) – Thousands of small and medium Kuwaiti businesses could go to the wall after being walloped by…
3/3 © Reuters. FILE PHOTO: The exterior of the U.S. Capitol is seen as Senators work to advance the bipartisan infrastructure bill in Washington, U.S., August 8, 2021. REUTERS/Sarah Silbiger/File Photo 2/3 By Makini Brice and Susan Cornwell WASHINGTON (Reuters) -Hours after the U.S. Senate approved a $3.5 trillion budget blueprint chock-full of investments in…
© Reuters. FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid (Corrects Mark Jenkins quote in 7th paragraph) By Chibuike Oguh and Patturaja Murugaboopathy (Reuters) – The abundance of cheap corporate debt is pushing investors who typically buy the…
© Reuters. FILE PHOTO: Federal Reserve Bank of Atlanta President Raphael Bostic participates in a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christop (Reuters) – The coronavirus pandemic exacerbated economic inequalities that existed before the crisis, leading to greater employment losses for…
3/3 © Reuters. FILE PHOTO: The exterior of the U.S. Capitol is seen as Senators work to advance the bipartisan infrastructure bill in Washington, U.S., August 8, 2021. REUTERS/Sarah Silbiger/File Photo 2/3 By Makini Brice and Susan Cornwell WASHINGTON (Reuters) -Hours after the U.S. Senate approved a $3.5 trillion budget blueprint chock-full of investments in…
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