Oil prices continued to grow on Friday, as the International Energy Agency (IEA) said that global crude demand would return to pre-Covid-19 pandemic levels by the end of next year.
Inflation took a fresh swipe at American consumers in May, with the consumer price index surging by 5 percent over the past year, the biggest annual spike in the measure since 2008.
The top Chinese legislature has passed a bill aimed at protecting China’s core interests, its businesses and officials, from foreign sanctions amid an onslaught of economic attacks from the US and its Western allies.
After earlier this week US Secretary of State Antony Blinken somewhat pessimistically portrayed that it remains "unclear" whether Iran is actually willing to restore the nuclear deal, prompting angry words from Foreign Minister Javad Zarif who again pointed out that it's only Washington not in compliance due to Trump-era sanctions which the Biden White House refused to "bury" in order to make a renewed deal possible, Blinken's newest statements are pouring more cold water on all the recent speculation that prematurely hailed a Vienna agreement as imminent.
ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.
After several months of blowout consumer credit prints, including two consecutive months in which revolving (i.e., credit card) debt, rose after shrinking 10 of the previous 11 months, America's credit-funded spending spree abruptly slowed in April, when total consumer credit rose by $18.6BN, down from $25.8BN in March (since revised conveniently to $18.6BN), and missing expectations of $20.5BN.
