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“Elon Musk making major push in Twitter bid, but now he’s facing federal heat” Now I get why he’s called “Crazy Elon.” Bankers who cover Elon Musk — the electric-car, space-travel and now, possibly, social-media impresario — tell me his own board members came up with that name a few years ago, long before he…
“There’s nothing ‘normal’ about the Joe Biden era” Joe Biden is falling down on his promise to bring normality back to the presidency for a basic reason — he’s not normal. Biden’s long pedigree, conventional politics and contrast with Donald Trump suggested that he’d bring predictability and calm to the highest reaches of the nation’s…
“Amazon adds 5% fuel, inflation surcharge for sellers” Amazon will begin charging sellers active on its platform an additional surcharge for fuel and inflation – a change implemented as the e-commerce giant and other major companies contend with surging operating costs. The Seattle-based company said the 5% surcharge will take effect on April 28 and…
“Pain at the pump easing as gas prices hit reverse, AAA says” Prices at the gas pump have continued to decline, with the average price falling below $4 “in much of the country,” according to AAA. AAA cited falling oil prices for the recent slip in pump prices. The cost of oil accounts for 50% of what…
“Russia proposes bitcoin for oil shipments to ‘friendly’ countries” Russia could allow “friendly” nations to pay bitcoin in exchange for oil and gas shipments — a proposal floated days after the Kremlin said countries that have imposed economic sanctions over the invasion of Ukraine would have to pay for their energy in rubles. Pavel Zavalny,…
“US to sell energy to Europe in bid to cut Russian gas” The United States will sell natural gas to the European Union as part of an overall plan to cut the continent’s dependence on Russian energy in the wake of Moscow’s invasion of Ukraine, President Biden said Friday. The US will ship 15 billion…
“Collusion for Biden and other commentary” From the right: Collusion for Biden “We’ll never know what effect the ‘October Surprise’ of 2020, the New York Post’s reporting” on Hunter Biden’s laptop, “might have had on the election” if it “received wider circulation,” notes The Wall Street Journal’s Gerard Baker. But it “so alarmed” “enough influential…
“Why gas prices are spiking — even though US has enough energy” After decades of trying, America is finally energy independent. At least on paper. We’re currently the world’s top producer of crude oil, gasoline’s raw ingredient, and generate more crude than we consume. We also sell more of it overseas than we buy from…
“Uber and Lyft drivers get squeezed by high gas prices: ‘I barely broke even’” Uber and Lyft drivers are getting hammered by sky-high gas prices — and some are saying that they’re going to quit altogether. The news comes as Russia’s invasion of Ukraine, as well as increased commuting and travel, send gas prices soaring…
“Inflation is bad now — but the Fed could return us to the ’70s” So much for Federal Reserve Chairman Jerome Powell’s repeated assurances last year that inflation would prove to be but a transitory phenomenon. So much too for our hopes that it will be smooth sailing ahead for the economy, the stock market and…