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Biden Begs OPEC to Boost Oil Production to Combat Rising Gas Prices After Canceling Drilling and Keystone Pipeline

Biden Begs OPEC to Boost Oil Production to Combat Rising Gas Prices After Canceling Drilling and Keystone Pipeline Tap here to add The Western Journal to your home screen.

Oil Prices Drop After OPEC+ Reaches Deal, Will Boost Output In January

Update (1155ET): OPEC+ has finally reached a deal on a small hike of 0.5MM barrels/day in January, along with a monthly review of global market conditions and whether adjustments must be made, sending oil prices sliding as investors are forced to revise their supply forecasts. As the factious talks dragged on without a deal, the…

Square And PayPal Helping Bolster Bitcoin’s Boost, New Analysis Claims

A new analysis out this week suggests that clients of FinTech companies PayPal and Square are responsible for helping drive the recent boost in Bitcoin, as it approaches $20,000. But we’re not entirely sold on that analysis, and we’ll explain why. First, a primer. Square clients have made up 40% of the buying of new…

Britain Announces Massive Military Spending Boost, Biggest Since 1991

Authored by Mary Clark via The Epoch Times, Britain has announced an extra £24.1 billion ($31.8 billion) in military spending, as part of the country’s biggest investment in defence since the cold war that ended 30 years ago in 1991. The spending will be over the next four years, Prime Minister Boris Johnson told the House of Commons on Thursday. This…

China Retail Sales Disappoint, Despite Expected Golden-Week Boost

Amid sudden domestic defaults, liquidity shortfalls, a soaring yuan, and overseas economics lockdowns, tonight’s smorgasbord of data is expected to show a continued recovery in China’s economy (after a disappointing Q3 GDP and PMI), as US data begins to falter. Source: Bloomberg The strongest yuan in well over two years is likely not helping the…

How COVID Forbearance Gave Banks A Three Trillion Dollar Boost

By Nick Dunbar of Risky Finance If there was one thing that regulators were sure about at the start of the pandemic, it was that it would not become a bank story. Crisis yes, maybe even a touch of market turmoil for a few weeks in March, but never something that would embroil the world’s…