Biden administration says it has replenished strategic oil reserve after Russia war drawdown
The Biden administration said it was replenishing 180 million barrels of oil it had drawn from the Strategic National Petroleum Reserve in response to soaring prices after Russia’s invasion of Ukraine. The Energy Department announced purchases of 4.65 million barrels on Friday, bringing total purchases since the 2022 cuts to more than 40 million barrels. […]
RFK Jr. promises BTC strategic reserve, dollar backed by hard assets – Cointelegraph
Independent presidential candidate Robert F. Kennedy Jr., speaking to an audience at the Bitcoin2024 event on July 26, praised the role Bitcoin will play in improving the U.S. economy and the American way of life, and promised to sign several executive orders to start that process on his first day in office. Bitcoinization by Presidential […]
June jobs report, Federal Reserve
John Lynch, CIO of Comerica Wealth Management, explains why he encourages investors “not to get out yet” of the market rally. U.S. employers added 206,000 jobs in June, beating expectations and slightly below the revised 218,000 gain in May, signaling continued strength in the labor market. The unemployment rate rose slightly to 4.1% from 4%. […]
Trump’s crypto pivot: Bitcoin as ‘strategic reserve’ for 2024 elections? – AMBCrypto News
Donald Trump has endorsed BTC as a strategic reserve asset. President Trump’s pro-crypto stance has galvanized a voting bloc of crypto company executives and owners. Former President Donald Trump has significantly changed his stance on cryptocurrencies, which he once despised, in an effort to challenge and defeat current President Joe Biden by attracting the votes […]
DOE releases 1 million barrels from Northeast Reserve in attempt to bring down gas prices
One million barrels of gasoline have been released from the Northeast Gasoline Supply Reserve in an effort to lower gas prices, the Department of Energy announced Tuesday. According to the DOE, the barrels will be sold at an average price of $2.34 per gallon — days before the July 4 holiday, when more than 60 […]
As GOP calls Biden’s oil reserve depletions election-year politics, figures show he’s sold off the most
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Chase Sapphire Reserve: Best Sign Up Bonus History [Since 2017] – Upgraded Points
Chase Sapphire Reserve® It’s really strong when it comes to providing value as a premium rewards card. It’s gone through a few iterations since it first debuted in 2016, but Chase is once again offering an even more generous welcome bonus offer for new applicants. Here’s a quick rundown of the Chase Sapphire Reserve card, […]
Should America be worried about the Strategic Petroleum Reserve this summer?
Gasoline prices are always an issue during the summer as Americans head off on vacation, but this year another factor may be at stake: the Strategic Petroleum Reserve. country’s The Strategic Petroleum Reserve (SPR) was established in 1975. Together Energy Policy and Conservation LawCurrently, approximately 360 million barrels of oilThat’s down from more than 600 […]
House passes bill barring Federal Reserve from issuing digital dollar
The House of Representatives on Thursday passed a bill that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) without explicit permission from Congress. The state CBDC surveillance bill passed the Assembly in a vote of 216-192, almost entirely along partisan lines. The move is largely symbolic, as the Fed has […]
Biden To Sell 1 Million Barrels Of Reserve Gasoline
Biden administration to release 1 million barrels of stockpiled gasoline ahead of summer travel season CHICAGO, IL – MAY 21: Gas prices are displayed on a sign at a gas station in Chicago, Illinois on May 21, 2024. . President Joe Biden announced the release of 1 million barrels of gasoline from the Strategic Reserve […]