Tag Archives: Joe Biden

US President Joe Biden met his Chinese counterpart Xi Jinping during the G20 summit in Bali. The versions of the outcome vary per national news outlets. Biden said they are not looking for conflict and will not be a new Cold War. Chinese media reported that Xi warned Washington about …

The US crude oil extends its gains to two consecutive days, though it faces solid resistance at the 50-EMA, around $110.33.Western Texas Intermediate records a solid bounce after testing the 100-EMA on the downside near $105.88 a barrel near the daily low and got bolstered late, as OPEC+ has cut …

Gas prices soared higher in the US while demand for gasoline drops before the beginning of the summer driving season. US President Joe Biden warned that Americans will likely feel “Putin’s price hike” at the gas pump in the foreseeable future. Russia’s invasion of Ukraine caused commodity prices to rise …

UK PM Boris Johnson and US President Joe Biden agreed on the need to continue joint efforts to ratchet up the economic pressure on Russian President Vladimir Putin over his invasion of Ukraine, a Downing Street statement on Tuesday said, reported Reuters. The two leaders discussed the need to accelerate …

Gold is set to register its largest one-week loss since November. In case next week’s developments point to a further escalation of the conflict, gold should gather strength and start erasing this week’s losses. On the other hand, the precious metal could come under renewed selling pressure if markets remain …

Russia’s foreign ministry said, Tuesday, that Russia has decided to impose sanctions on US President Joe Biden and Secretary of State Anthony Blinken.“Russian sanctions also apply to US Defense Minister, National Security Adviser, Chief of CIA and others”. As for the market’s reaction, this development doesn’t seem to be having …

The Federal Reserve will effectuate the first raise interest rates at its 16 March meeting in an attempt to put confront inflation. The big question now is whether policymakers will boost rates by a quarter of a percentage point or a half-point. But there are some Wall Street experts who …

US shares are lower on the first trading day of the new week. The S&P 500, Nasdaq 100 and Dow all down more than 1.0% on the session. Shares’ performance comes amid fears about the rapid spread of the Omicron.The S&P 500 gapped below the 4600 level on Monday and …

White House economist believes that inflation is falling by about half and admits that the pandemic has challenged economic forecasting as the Federal Reserve targets inflation at 2%. Existing vaccine protections should help the United States to largely power through the emergence of the omicron coronavirus variant and avoid additional …

The KSA boosted prices just after refusing to bend to U.S. pressure to pump more crude oil. With OPEC unanimously agreeing to stick to its plans, attention now turns to whether U.S. President Joe Biden will respond.The total active U.S. rig count, which includes those drilling for natural gas, climbed …