Tag: Oil

The Chicago Board of Education recently approved a $9.3 billion budget using emergency COVID-19 funds from the federal government to hire 2,000 new employees, increase staff size, and distribute raises.The problem?The money is temporary, and a staggering 100,000 fewer students are expected back when school starts at the end of August.Interim Chicago Public Schools CEO…

© Reuters. FILE PHOTO: Representations of cryptocurrency Bitcoin are seen in this picture illustration taken June 7, 2021. REUTERS/Edgar Su/Illustration (Reuters) – Bitcoin surged 7.07% to $47,587.38 at 2200 GMT on Friday, adding $3,142.93 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 71.6% from the year’s low of $27,734 on…

© 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…

Mattel has issued a statement regarding its alleged lack of an Asian doll in its Tokyo Olympics Barbie collection.The backlash: The latest wave of criticism started after Barbie repromoted the five-doll collection on July 28. Social media users alleged that none of the toys looked “Asian,” despite the fact that the Games were in Tokyo…

© Reuters. China’s New Oil Giants Flourish in Xi’s Clean Energy Wave (Bloomberg) — China’s newest oil refiners are thriving by aligning themselves with President Xi Jinping’s vision, expanding even as their older rivals and several other private businesses have been reined in by Beijing. These newcomers have gained the moniker Teapot 2.0 in China,…

2/2 © Reuters. Peru’s Finance Minister Pedro Francke gestures during an interview with Reuters in Lima, Peru, August 9, 2021. REUTERS/Angela Ponce 2/2 By Marco Aquino and Marcelo Rochabrun LIMA (Reuters) -Peru’s finance minister, Pedro Francke, told Reuters on Monday that the new leftist government can increase mining taxes to fund public spending without affecting…

U.S. Rep. Elise Stefanik wants New York Gov. Andrew Cuomo to “resign and be arrested immediately.” The New York Republican is incensed on behalf of the 11 women who, according to evidence in a report from the state attorney general, he sexually harassed. “These brave women deserve swift and definitive justice,” Stefanik says.How rich is…

The Taliban say they have taken control of the city of Sheberghan in the northern Afghan province of Jawzjan.An Afghan defence ministry spokesman told the BBC government forces were still in the city and would clear out the Taliban “soon”.This is the second regional capital to fall to the militants, after Zaranj in the south-western…

Dan Bongino called for the impeachment of President Joe Biden over his handling of the southern border situation and the coronavirus pandemic just six months into the Democrat’s administration.The high-profile commentator — who this week was joined by at least one other conservative powerhouse, Mark Levin, in putting pressure on Republican lawmakers to take immediate…

© Reuters. FILE PHOTO: Vehicles are parked outside the U.S. Capitol building the morning the Senate returned to session in Washington, DC, U.S., July 31, 2021. REUTERS/Elizabeth Frantz WASHINGTON (Reuters) -The U.S. Congressional Budget Office on Thursday issued its long-awaited judgment that a $1 trillion infrastructure bill being debated in the U.S. Senate will be…