Why a strong dollar threatens a fragile stock market, but is a boon to the Fed

Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT and Salesforce Inc. CRM pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc., … Read more

Improving the US-Saudi Relationship Is Key to Stabilizing Oil Markets

Text size An employee at the Khurais Processing Department in the Khurais oil field in Saudi Arabia. Maya Siddiqui/Bloomberg About the authors: David H.Rundell is the author of Vision or Mirage, Saudi Arabia at the Crossroads and a former chief of mission at the US in Riyadh. Ambassador Michael Gfoeller is a former political advisor … Read more

OPEC+ raises output faster as Russia’s war rolls global energy markets

All eyes are on whether Saudi Arabia will raise crude production if Russia’s output significantly falls following European Union oil sanctions. Andrey Rudakov | Bloomberg | Getty Images OPEC and its oil-producing allies agreed on Thursday to hike output in July and August by a larger-than-expected amount as Russia’s invasion of Ukraine wreaks havoc on … Read more

Starbucks, eBay, and 29 Other Stocks for a Bear-Market Rally

Text size Starbucks stock has gained 9% from its lowest close of the year in early May. Spencer Platt/Getty Images The stock market’s recent bounce could be good news for Starbucks , eBay , and other companies with the largest profit swings—if the rally continues. Tea S&P500 has gained just over 8% from its intraday … Read more

Origin Withdraws FY 2023 Earnings Guidance on Energy Markets Woes

By David Winning Origin Energy Ltd. with draw its earnings guidance for the 2023 fiscal year after struggling to get enough coal to its Eraring power plant in eastern Australia. Origin said supply challenges have worsened recently, with coal arriving at Eraring falling short of contracted volumes. Centennial Coal, a key supplier, has notified the … Read more

Energy Blackouts Are Likely to Hit the US This Summer Thanks to Deregulation

Text size In the 1990s, California then Texas began to break apart the vertically integrated utilities, writes Ed Hirs. Andrew Caballero-Reynolds/AFP via Getty Images About the author: Ed Hirs is an economics lecturer at the University of Houston. The forecast for summer is hot weather and possible blackouts in America’s deregulated electricity grids. That’s according … Read more

The Turkish gambit and the future of NATO – POLITICO

Ville Korpela is executive director at the Impact Innovation Institute. Diana Mjeshtri is a policy analyst at Impact Innovation Institute. Both are members of the Councilors Program at the Atlantic Council. We currently live in a fundamentally different and much more dangerous world than we did prior to February 24. Ever since the beginning of … Read more

Eurozone inflation jumps to new record at 8.1 percent – ​​POLITICO

FRANKFURT – Eurozone inflation rose to a new record high of 8.1 percent in May from 7.4 percent in April, further aggravating the cost-of-living-crisis across the continent, preliminary Eurostat data showed Tuesday. Inflation once again exceeded the 7.7 percent median forecast and is set to spark fresh calls for the European Central Bank to act … Read more

Orbán demands further exemptions from Russian oil sanctions – POLITICO

Hungary is demanding further exemptions from a Russian oil ban in case its pipeline supplies are disrupted, Hungarian Prime Minister Viktor Orbán said on Monday. During a summit on Monday, EU leaders are set to discuss a compromised sanctions proposal that includes a carve-out for Russian oil delivered by pipeline — a key request from … Read more

German chancellor accused of comparing climate activists to Nazis – POLITICO

Climate activists are accusing German Chancellor Olaf Scholz of comparing them to Nazis, something his spokesperson called “absurd.” Scholz was interrupted by campaigners during a panel discussion at the German Catholic Convention on Friday as he mentioned the mining jobs lost in the country’s coal phaseout plans. Germany’s ruling coalition aims to end coal-fired power … Read more