Oil Price Outlook: High Fuel Costs Push OPEC to Cut Demand Growth View
The cartel sees demand growing by 2 million barrels per day or less next year, down from growth of 3.36 million bpd in 2022.
Source: businessinsider.com
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Millionaires Flee Russia and China While UAE Rises As Haven for Wealth
Russia is projected to lose 15,000 high net worth individuals to migration this year, or about 15% of its millionaires, Henley & Partners said.
Source: businessinsider.com
Russia Was the 2nd Largest Supplier of Oil to India in May
India imported about 819,000 barrels of Russian oil per day, new data shows, which accounts for roughly 16.5% of its total imports.
Source: businessinsider.com
Coinbase Stock Falls 15% As Cryptocurrencies Lose Billions
The popular cryptocurrency trading platform is battling a broader selloff throughout the crypto market that has pushed bitcoin below $24,000.
Source: businessinsider.com
Binance Faces a New Lawsuit After the Stablecoin Collapse of TerraUSD
Binance says a lawsuit over its representation of TerraUSD is baseless. An investor filed a lawsuit against the company on Monday.
Source: businessinsider.com
Stock Market Outlook: Build a Portfolio on These 3 Sectors, Kostin Says
David Kostin told CNBC that investors should focus less on balance sheet strength amid recession risk.
Source: businessinsider.com
Janet Yellen Says US Will Avoid Recession but Gas Prices to Stay High
"I don't think we're [going to] have a recession. Consumer spending is very strong. Investment spending is solid," Yellen said on Thursday.
United States Janet Yellen Terms Of Service Strategic Petroleum Federal Reserve Treasury Secretary Janet Yellen
Source: businessinsider.com
SEC Probes TerraUSD's Marketing for Investor Protection Violations
Terraform Labs is the firm behind TerraUSD, a stablecoin that sent shockwaves throughout crypto markets last month when it lost its dollar peg.
Source: businessinsider.com
Russia Won't Cut Off More EU Countries From Its Gas Supplies
Russia won't cut off more European countries from its gas supply, Reuters first reported. Gazprom recently shut off flows to Bulgaria, Finland, and Poland.
Source: businessinsider.com
Gas Prices Are so High That Americans Are Getting Stranded on the Road
Out-of-gas calls for roadside assistance in April totaled 50,787, marking a 32% jump from a year ago, according to AAA data.
United States Terms Of Service Schar School Washington Post Washington Post Schar School Mi Exclusive
Source: businessinsider.com