Investing.com — Fear that the OPEC+ alliance of world oil producers could announce a third production cut in nine months led crude prices to rally again on Friday, significantly paring weekly losses. New York-traded West Texas Intermediate, or , crude settled up $1.64, or 2.3%, at $71.74 per barrel. For…

TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki on Tuesday said he must guide fiscal policy based on common international understanding as global economic and financial situations change greatly. Suzuki told reporters the finance minister’s advisory panel argued on Monday that economic fundamentals that have backed the yen’s credibility are…

(Reuters) – The International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal Reserve to alter course with its rate-hiking cycle, CNBC reported on Sunday, citing IMF’s Managing Director Kristalina Georgieva. The lack of a significant slowdown in lending combined with…

Senator Dick Durbin (D-IL) deserves credit for persistence. He successfully introduced new regulations and price controls in the debit card market in 2010, and he’s consistently tried to expand both in the credit card market ever since. The fact that the 2010 Durbin amendment led to the virtual disappearance of…

Perhaps this is really, as Mike Tuchen of Onside said on Forbes in the spring, the year when digital identities start to become mainstream. With announcements from Apple AAPL and Plaid, it seems that some of the components might be coming together in the U.S. right now. Perhaps there is…

Cava Group (CAVA) raised its planned IPO valuation from $1.5 billion to $2.2 billion and is expected to begin trading this Thursday, June 15, 2023. I originally warned investors about the dangers of investing in the Cava IPO on May 25, 2023. It appears most investors did not heed my…

Medicare is always facing a fiscal cliff. It consistently faces higher expenses every year, often worsening its outlook for the future. In the most recent Medicare trustees’ report, a more nuanced — and slightly more optimistic view — is on hand. The near-term view is not positive, but fairer winds…

In May, inflation abated a bit and gasoline prices fell 19% — that should feel good at the household level. Inflation is mending and sentiment is that the Fed won’t raise rates tomorrow. What’s your inflation language? How you refer to the current period of price hikes signals what you…

Former Italian prime minister Silvio Berlusconi died Monday at the age of 86. Berlusconi, who ultimately became a billionaire, wasn’t born into luxury. He grew up in Milan in a middle-class family, the son of a bank employee and housewife. He went on to study law at the University of…

That the Glenrock estate in Tallong, Australia, has had only five owners in more than 200 years is a testament to its allure and sustainability. At the heart of the more than 2,300-acre agricultural holding is a grand 1830s Georgian and Greek revival mansion painstakingly restored over a 12-year period.…