Why oil prices are dropping

President Joe Biden and his administration have made a number of blatantly false statements, telling the American people inaccuracies pertaining to the COVID-19 vaccine, Afghanistan, gun rights and more. This list highlights his top false statements. Corn Pop Biden, vice president at the time in 2017, claimed he got into an altercation with a black man named “Corn Pop” and threatened him with chains in 1962 while he was a swimming pool security guard. Biden’s colorful story about his altercation with “Corn Pop” went viral in 2019 after it resurfaced. Evidence came out seeming to support Biden’s claims, including an obituary for a man going by “Corn Pop” in Wilmington, Delaware, and former state NAACP President Richard “Mouse” Smith corroborating the story. Still, it’s hard to believe that the story unfolded entirely how Biden described it. “Corn Pop was a bad dude and he ran a bunch of bad boys,” Biden said, recalling that Corn Pop was going against the rules and … [Read more...] about ANALYSIS: From Corn Pop To Gas Prices: A List Of Biden’s Biggest Lies

- A + A KOTA BHARU (Aug 14): The Special Task Force on Jihad Against Inflation is seen to have a positive effect, especially in reducing the price of controlled goods during the current inflation faced by the country, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said the setting up of the task force has a beneficial impact in dealing with inflation, especially in relation to enforcement involving cooking oil leading to a decrease in the price of the controlled item. "Inflation is a problem faced by the world today. Alhamdulillah, in these past few weeks we have found that the world's inflation seems to have reduced a little and it may have a good effect on Malaysia," he said. He said this to reporters after visiting the Federal Department joint-use building at the Kelantan State Development Office near Tunjung here on Sunday (Aug 14). Elaborating, Mustapa, who is also a member of the task force, said that meetings are … [Read more...] about Task force to fight inflation has positive impact on price reduction, says Mustapa

With inflation at record levels, the survival of your business depends on whether you set the right price for your products. Why is pricing so important now? In a nutshell, it affects all a company's stakeholders -- including consumers, employees, suppliers, competitors, and shareholders. Sadly, there is no simple formula for how to balance the interests of your company's stakeholders, and the right answer varies by industry and company. Here is how to think about pricing through the lens of each stakeholder based on a Charlotte, North Carolina, restaurant -- Good Food on Montford (GFOM). 1. Customers If you are the dominant provider in an industry with few competitors, you may be able to raise prices to maintain high profit margins. Most businesses face rivals who compete by giving customers more of what they want at a low price. If business leaders decide to be a low-cost producer , they should offer a good product at the lowest price. If they want to be … [Read more...] about Set Prices With 5 Stakeholders in Mind

- A + A (Aug 15): The world’s third largest economy recovered to its pre-pandemic size in the second quarter, as consumer spending picked up following the end of coronavirus curbs on businesses. Gross domestic product grew at an annualized pace of 2.2% in the second quarter of this year, coming in below the median estimate of 2.6%, Cabinet Office data showed Monday. That lifted the size of the economy to 542.1 trillion yen (US$4.1 trillion), above what it was at the end of 2019. First quarter GDP was revised to an expansion from a prior contraction. “The economy managed to return to its pre-pandemic size, but its recovery pace has been slower than other nations,” said economist Takeshi Minami at Norinchukin Research Institute. “I expect growth to continue in the third quarter too, but it will likely be losing momentum down the road.” The end of pandemic restrictions on businesses in late March helped spur the economy. Consumer spending, which accounts for more than … [Read more...] about Japan’s economy recovers pre-pandemic size on consumption gain

- A + A SYDNEY (Aug 15): Asian shares inched higher on Monday with investors anxious to see if Wall Street can sustain its rally as hopes U.S. inflation has peaked will be tested by likely hawkish commentary from the Federal Reserve this week. "The FOMC Minutes on Wednesday should reinforce the hawkish tones from recent Fed speakers of being nowhere near being done on rates and inflation," warned Tapas Strickland, a director of economics at NAB. Markets are still implying around a 50% chance the Fed will hike by 75 basis points in September and that rates will rise to around 3.50-3.75% by the end of the year. Hopes for a soft economic landing will also get a health check from U.S. retail sales data that is expected to show a sharp slowdown in spending in July. There is also a risk earnings from major retailers, including Walmart and Target, could be laced with warnings about a downturn in demand. Asian markets have to navigate data on China's retail sales and … [Read more...] about Asia shares edge higher, wary of Fed words

Share to Twitter Share to Linkedin Last week an eye-opening report claimed that Apple will split its iPhone 15 release in two with standard models continuing to use the Lightning port and Pro models moving to USB-C. Now a new iPad leak has made this twist seem even more likely. In an exclusive report, 9toMac has revealed Apple's next entry-level iPad will pack an A14 Bionic chipset, support for 5G and — yes — that it will drop Lightning in favor of a USB-C port. And this indicates a decisive shift. If correct, the leak would mark a major first: the first time Apple has released a consumer-focused mobile device with USB-C. The iPad Pro made the transition to USB-C back in 2018, but Apple justified the move by saying the port was only needed by professionals. Even today, Apple promotes USB-C on the iPad Pro for its compatibility with accessories such as DSLR cameras, external monitors, external storage, audio interfaces and MIDI devices ahead of … [Read more...] about New iPad Leak Opens Door For iPhone 15 USB-C Move

ANOTHER INFLATION EXPLOSION… CNBC: Inflation rose 9.1% in June, even more than expected, as price pressures intensify Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981. Excluding volatile food and energy prices, so-called core CPI increased 5.9%, compared to the 5.7% estimate. On a monthly basis, headline CPI rose 1.3% and core CPI was up 0.7%, compared to respective estimates of 1.1% and 0.5%. Taken together, the numbers seemed to counter the narrative that inflation may be peaking, as the gains were based across a variety of categories. WHITE HOUSE REACTION: DON’T BELIEVE YOUR EYES… ADMIN WILL KEEP SELLING OFF OUR … [Read more...] about Editors Daily Rundown: Another Inflation Explosion

After a weekend marathon “vote-a-rama,” the U.S. Senate gaveled through a 50 to 51 party-line vote to approve a monumental piece of legislation: the Inflation Reduction Act—the IRA. While the bill is not yet law, it’s likely that it will be approved by the House and signed by the President within the next few weeks. When it becomes law, the IRA will be the biggest climate legislation in U.S. history. advertisement advertisement The IRA invests $369 billion in climate action, from an expansive system of renewable energy tax credits to targeted investments in climate adaptation, carbon sequestration, and environmental justice efforts. These investments are paid for by $739 billion raised through taxes on large corporations, increased IRS auditing, and new authority for Medicare to negotiate lower drug prices. All in all, the IRA is projected to reduce total U.S. greenhouse gas emissions 40% by 2030, putting the United States back in shooting distance of … [Read more...] about The top 10 takeaways for businesses and financial Institutions about the IRA

- A + A (Aug 15): Investors wanting to gauge the health of global consumer sentiment should look no further than China’s factories right now. Makers of Christmas decorations to clothing and tents say orders from overseas customers are drying up, with some predicting the best they can aim for is flat demand versus last year, according to more than a dozen export managers interviewed by Bloomberg News. The snapshots from factories in key Chinese hubs indicate households worldwide, already tightening their belts to contend with a rapid rise in the cost of living, may be cautious for longer and adds weight to warnings about a potential global recession. “Consumers don’t have the money to spend with soaring inflation” and the decline in demand has happened suddenly, said Wendy Ma, marketing manager at a textile maker in the eastern city of Ningbo. Orders for items including buttons, zippers and sewing thread dropped about 30% in July and August from a year earlier as … [Read more...] about China factory orders shrink in ominous sign for global outlook

- A + A KUALA LUMPUR (Aug 14): The country’s economic growth of 8.9% for the second quarter (Q2) of this year is the best in Southeast Asia and a testament that the government has not failed as the opposition claims,” said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said the growth was contributed by the government’s decision to reopen all economic sectors and national borders, restoring investor confidence in Malaysia. “Since taking over the leadership, unemployment fell from 4.3% to 3.8%, almost equal to pre-pandemic levels. “Foreign direct investment (FDI) set a record high in the fourth quarter of 2021 with RM26.7 billion, followed by RM23.3 billion in the first quarter of 2022,” he said at the “Bicara Hati Perdana Menteri” event during the Barisan Nasional Women’s Convention at Putra World Trade Centre here on Sunday (Aug 14). The Prime Minister said the latest announcement of FDI inflows in the second quarter of 2022 amounting to RM24.1 billion makes … [Read more...] about PM: Recording 8.9% economic growth in Q2 proves govt has not failed