Author: IA PressRoom

SlavkoSereda/iStock via Getty Images Crude oil prices climbed Friday alongside risk assets, with attention focusing on the OPEC+ meeting Sunday in Vienna, where ministers will decide whether to give existing production cuts more time to take effect, or take further pre-emptive action to lift prices. The conventional wisdom has held that OPEC+ would be unlikely to do anything new, since the most recent cuts only came into force in May, meaning the group would allow for more time for them to take effect on the oil market before taking any further action. But late Friday, Reuters reported OPEC+ was indeed…

Our experts answer readers’ insurance questions and write unbiased product reviews (here’s how we assess insurance products). In some cases, we receive a commission from our partners; however, our opinions are our own. Driving for the first time is an exciting milestone for many teenagers. However, as a parent, you may have concerns regarding car insurance for teenagers, especially regarding affordability.Auto insurance rates will rise when adding a teen driver. But prices vary by company and state. Some companies also offer more discounts to help you stay on a budget.Best Cheap Car Insurance for Teens in 2023Some states allow a…

2/2 © Reuters. U.S. President Joe Biden speaks during debt limit talks with U.S. House Speaker Kevin McCarthy (R-CA) in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah Millis/File Photo 2/2 By Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden declared a “crisis averted” on Friday in his first address from the White House’s Oval Office, touting the passage of a bill to suspend the U.S. debt ceiling and avoid economic catastrophe. Biden used the moment to plead with Americans to bridge their divides, saying his compromise with top Congress Republican…

© Reuters. FILE PHOTO: The logo of Down Jones Industrial Average stock market index listed company Walmart is shown on one of its stores in Encinitas, California April 13, 2016. REUTERS/Mike Blake/File Photo By Siddharth Cavale BENTONVILLE, Arkansas (Reuters) – Walmart (NYSE:) still expects to double the amount of gross merchandise volume it sells in foreign markets to $200 billion in five years, a top executive at the retailer said on Friday, even as the global economy remains on shaky ground. Gross merchandise volume (GMV) measures the total value of all goods sold through a platform or marketplace, which in…

Sam Brinton, the former senior Department of Energy official, posted bond on Thursday and was released from jail.The former DOE official was arrested on May 17 regarding the alleged theft of airport luggage, according to a spokesperson for the Metropolitan Washington Airports Authority. Court records indicated Brinton was taken into custody in Rockville, Maryland.This is the third criminal case involving the alleged theft of stolen luggage.”Metropolitan Washington Airports Authority Police executed a search warrant May 17 in Montgomery County, Maryland, in connection with allegations of stolen property in luggage from Reagan National Airport that was brought to the department’s attention…

President Joe Biden on Friday hailed passage of a bipartisan deal to raise the U.S. debt limit and avoid a government default, addressing the nation from the Oval Office. “No one got everything they wanted, but the American people got what they needed,” the president said. “We averted an economic crisis and economic collapse.” Biden spoke a day after the Senate, in a late-night session, passed the bill to lift the $31.4 trillion debt ceiling and impose some spending limits. The House of Representatives cleared the measure on Wednesday night. Biden said he would sign the bill on Saturday. See:…

CNN producers removed the words “sexual abuse” from a chyron ahead of Trump’s town hall, per The Atlantic. The allegation was one of many revelations in Tim Alberta’s profile of CNN Worldwide CEO Chris Licht. The day prior to Trump’s CNN town hall, he was found liable for defamation and sexual abuse. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Chris Licht’s tumultuous run as CNN Worldwide CEO came to a head on May 10, when the network hosted a town hall with former…

© Reuters. U.S. President Joe Biden walks to the White House after his trip to Colorado, in Washington, U.S., June 1, 2023. REUTERS/Evelyn Hockstein WASHINGTON (Reuters) – President Joe Biden may sign the bill lifting the U.S. debt ceiling as soon as Saturday, according to the White House. Spokesperson Karine Jean-Pierre said on Friday the signing would take place after Congress finishes its work to finalize the bill.

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 22, 2023. REUTERS/Brendan McDermid By Lewis Krauskopf NEW YORK (Reuters) – As the U.S. stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating whether to cash out or stay on for the ride. A record $8.5 billion flowed into tech stocks in the latest week, data from BofA Global Research showed, as investors piled into a rally that has seen the tech-heavy gain 33% in 2023. The…

© Reuters. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed Opec logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration VIENNA (Reuters) – OPEC has denied media access to reporters from Reuters, Bloomberg and the Wall Street Journal to report on oil policy meetings in Vienna this weekend, reporters, Bloomberg and people familiar with the matter said on Friday. The three media organizations are among the world’s leading suppliers of financial news and information. They report on the outcome of policy meetings between OPEC and its allies, where ministers make decisions that impact…