Foreign holdings of U.S. Treasuries surged to a record in February, its fifth straight monthly rise, Treasury Department data released on Wednesday showed. Holdings totaled $7.965 trillion, up from a revised $7.945 trillion in January. Treasuries owned by foreigners rose 8.7% from a year earlier.
On Thursday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Heather Boushey stated that the March PPI inflation data, which showed the highest level in almost a year, “tempers” worries in the wake of the
Inflation was 3.5% in March, a sign that cooling has stalled and interest rate cuts may be delayed.
China's Crude Oil Imports Hit A Record High In 2023 By Tom Kool of OilPrice.com China’s crude oil imports hit a record high in 2023, rising by 10% year-over-year and breaking the previous record from 2020 when the world’s top crude oil importer took advantage of the price crash to gorge on cheap crude. Last year, China’s crude oil imports averaged 11.3 million barrels per day (bpd), up by 10% compared to 2022, according to Chinese customs data compiled by Bloomberg and the U.S....
Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force the Federal Reserve to keep its punishing rates higher for longer. US consumer prices picked up again last month, vaulting to a 3.5% increase for the 12 months ended in March, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. That’s up considerably from...
Money helps shed light on which is a better investment: gold or stocks.
A survey conducted by the Anti-Defamation League (ADL) has revealed a disturbing trend in antisemitic incidents in the United States, with a record 8,873 incidents reported in 2023. This marks a 140% increase from the previous year, and the highest number ever recorded by the ADL. The survey found that 52% of incidents after October […]
The group says there were nearly 9,000 incidents of assault, harassment, and vandalism in 2023.
The shortages affect everything from generic cancer drugs to ADHD medication.
The visitors declared on 620 for three.
Oil prices jumped more than 3% after reports of explosions near the Iranian city of Isfahan.
Biden's Sticky Inflation: Auto Insurance Rates Record Biggest Annual Jump Since 1976 Joe Biden's sticky inflation continues to ravage the working poor as Bidenomics falls flat on its face. The president's ally at the Federal Reserve, Jerome Powell, has yet to achieve the 2% inflation Fed target ahead of the November elections. As inflation heats up in the first quarter of this year, the cost of driving on American highways is seriously spiraling out of control. Auto insurance in...