White House Press Secretary Says It’s The ‘Patriotic Duty’ Of Oil Companies To Lower Profits And Produce More Fuel
The White House Press Secretary, Karine Jean-Pierre, said that it is the “patriotic duty” of oil and gas companies to combat rising prices by cutting profits and producing more fuel amid the administration’s continuous narrative of blaming the war in Ukraine. Since day one, the Biden administration has been on a campaign to end the oil…
Trucking Companies Investing Record Profits in New Equipment
Trucks loaded with shipping containers leave the Port of Montreal in Montreal, Quebec, Canada, May 17, 2021. (Christinne Muschi/Reuters) Two of America’s biggest trucking companies have made record profits, and they are using that money to invest in new equipment, reports the Wall Street Journal. Old Dominion Freight Line is increasing its capital expenditures by 50…
Companies Scramble To Win "Essential" Designation For Workers As Profits Hang In The Balance
A few weeks ago, we reported on the nascent battle by corporations and industries to have their employees deemed “essential” by the CDC in order to secure priority access to vaccines. What’s more, even though many Americans believe it’s morally reprehensible to fire someone for refusing to take a vaccine, companies are toying with the…
Risk Exceeds Reward – Why We Took Profits
Authored by Lance Roberts via RealInvestmentAdvice.com, Market Struggles With All-Time Highs Last week, I started “Market Breaks Out” with the following paragraph. “If you like volatility, then this past week was for you. On Monday, the announcement by Pfizer sent markets screaming higher. Subsequently, the market faded into the end of the day. Since the highs of September, the market…