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Economy
Snap launches accelerator program for minority-owned businesses
Snapchat on Tuesday will launch "523," a new content accelerator program for small, minority-owned content companies.Why it matters: Many accelerators at social media companies are designed to bolster individual creators. The 523 program…
Social Security bill would give seniors an extra $2,400 a year. Here’s how it would work.
Seniors and other Social Security recipients in the U.S. are being hit hard by inflation, which has outpaced increases in their benefits this year. Now, some lawmakers have a plan to boost Social Security payments by $2,400 per…
Fed Takes Aggressive Action in Inflation Fight
The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling that it is prepared to inflict economic pain…
It’s no surprise Russia is weathering the West’s sanctions: Putin has been preparing for
Russia has been preparing for sanctions since 2014, after it annexed Crimea.
Moscow was already hit by a range of Western-led sanctions after the annexation.…
Natural Gas Price Forecast – Natural Gas Markets Continue Consolidating
Natural gas markets have rallied a bit during the trading session on Wednesday, but quite frankly we have a long way to go before we change the overall attitude of this market. With that being the case, I think this is a scenario where…
Biden gets testy, falsely claims inflation in ‘every other major industrialized country’
The Strategic Funds managing director Marc LoPresti and Circle Squared Alternative Investments CIO Jeff Sica analyze the Fed's inflation plan on 'The Claman Countdown.' President Biden appeared to get defensive when asked during a…
ECB to discuss blocking banks from multibillion-euro windfall as rates rise
The European Central Bank is looking at ways to stop banks earning billions of euros of extra profit from the ultra-cheap lending scheme it launched during the pandemic once it starts to raise interest rates later this month.The…
Exclusive: U.S. talks to energy firms on EU gas supply in case of Russia-Ukraine conflict
Flames from a gas burner on a cooker are seen February 1, 2017 in this illustration photo taken in a private home in Nice, France. Picture taken February 1, 2017. REUTERS/Eric GaillardRegister now for FREE unlimited access to…
Analysis: The EU is finally putting its money where its mouth is on China
Now, a more coherent European strategy is coming into focus, through a series of policies that have the clear ambition of countering China, regardless of what it could mean for investment in Europe. Last week, the European Commission…
Fed Meeting Live Updates: Investors Expect 0.75-Percentage-Point Interest Rate Rise
Italian stocks rallied and government bond yields crept still lower, as the European Central Bank pledged new support for the eurozone's fragile Southern economies.
The yield on the 10-year Italian government bond was recently at 3.775%,…