IMF sees ad hoc taxes on excess profits as 'problematic'
European countries are debating whether oil companies making record profits because of the energy crisis triggered by Russia's invasion of Ukraine should pay additional taxes.
What is LDI? Liability-Driven Investment strategy explained
Defined benefit pensions have to make sure that their assets, such as stocks and bonds, can generate enough cash to meet liabilities - the monthly payouts guaranteed to pensioners.
Russia's Putin says he has nothing to do with European energy crisis
Russian President Vladimir Putin claimed he and his war in Ukraine have nothing to do with the energy crisis plaguing Europe as nations brace for winter.
Pushing back against ESG movement, conservatives propose pro-fossil fuel board member for Exxon Mobil
A conservative group wants a pro-fossil fuel lawyer and scientist on the board of Exxon Mobil Corp., in an effort to confront an "insurgency" of pro-ESG members
Elon Musk pushes back on report that he talked to Putin about war in Ukraine
Tesla CEO Elon Musk on Tuesday refuted a report that he spoke with Russian President Vladimir Putin before tweeting a poll last week about the war in Ukraine.
Larry Kudlow: '$31 trillion of debt has gone too far'
Larry Kudlow weighs in on Bernanke's record comparing him to Federal Reserve chairman Powell and highlighted Bernanke and Powell's monetary practice on 'Kudlow.'
Putin hosts United Arab Emirates leader for economic talks
Russian President Putin and OPEC+ believe limiting oil production will stabilize global energy markets. The West believes this is a ploy to keep prices high.
IMF warns 'worst is yet to come' for global economy as recession risks rise
The global economy is headed for "stormy waters," the International Monetary Fund warned in its latest Global Economic Outlook, amid growing threats of a deep, worldwide recession.
Nissan pulls out of Russia, sells all assets to state for 1 Euro
Nissan sold all of its assets in Russia to the state for 1 Euro on Tuesday. The company is only the latest to flee amid increasingly severe sanctions in Russia.
New Zealand government proposes taxing cow burps, pee to tackle climate change
New Zealand's government has proposed a plan to tax greenhouse gases farm animals produce, which includes burping and urinating. Farmers are angered by the idea.
Tyson Foods latest large business to flee Chicago, what sparked the exodus?
With Tyson leaving Chicago, the city has now lost several large and small businesses in what may be a symptom of its growing rates of crime, experts say.
PayPal user agreement fining users up to $2,500 for promoting 'misinformation' was sent 'in error,' spox says
PayPal is walking back a recently updated Acceptable Use Policy that threatened to fine users up to $2,500 for using the service to “promote misinformation."
Biden blames Russia, Saudi Arabia for rising gas prices, takes credit for recent dip
President Biden, speaking at a Volvo manufacturing plant in Hagerstown, Maryland, on Friday, blamed OPEC+ for the country's inability to lower historically high gas prices nationwide.
What is 'FDPR' and why is the US using it to cripple China's tech sector?
The FDPR, or foreign direct product rule, allows the U.S. to decide who can buy products made with American technology even if those products are made abroad.
Edward Jones pulls plug on bank plans
Edward Jones' parent has scrapped plans to create a new bank as market turmoil looms and banking crises in the U.K. and at Credit Suisse threaten a Lehman moment.
EU leaders struggle to bridge gas price cap divide
European Union leaders are struggling to find common ground over capping prices for natural gas as European nations are feeling the heat due to sanctions imposed against Russia.
UK warns of three-hour winter blackouts if gas supplies fall short
The U.K. national power operator has warned that citizens should brace for up to three-hour energy blackouts this winter in the 'unlikely' event gas supplies dwindle.
Report shows Americans face ‘most severe’ impact to wages in 25 years
High inflation has outpaced wage growth to a degree resulting in a median decline in wages adjusted for inflation worse than the average of the past 25 years.
IMF warns of higher recession risk and darker global outlook
The bleak projections come as central banks around the world raise interest rates in hopes of taming rising inflation. The Fed has been the most aggressive in using interest rate hikes.
ESG investing has damaged credibility of asset managers like BlackRock
ESG investing, including green initiatives, has hurt credibility of asset managers like BlackRock. Investors need better information to decide who to trust.


















