All About Everything

Pemex's US refinery bet in Texas hinges on expertise transfer

Before Petroleos Mexicanos (Pemex) surprised the oil industry last week with plans to take full control of a refinery in Texas, an internal assessment by the Mexican state oil company had concluded it lacked expertise in the refining business. Pemex's (PEMX.

Yuan bulls prod US-China trade talks

HONG KONG (Reuters Breakingviews) - Yuan bulls are putting pressure on U.S. President Joe Biden to figure out a way to walk back tariffs. The currency is on a blistering rally, reinforced by foreign capital. Its strength has yet to dent China's trade surplus, but ...

CNBC

It could be a hot summer ahead for oil prices

CNBC

Oil prices continued to rally Wednesday, and analysts expect prices to continue to rise this summer, possibly spiking to $80 per barrel or higher. The rise in prices comes as the demand outlook continues to strengthen. At the same time, the world is now ...

The Latest Burst of Inflation in the US Is Probably Transitory

Inflation hawks are exasperated that Federal Reserve policymakers like Fed Governor Lael Brainard continue to say that the current burst of inflation is probably "transitory"—as Brainard did once again on June 1 in a videoconference hosted by the Economic ...

Amid hiring troubles, rising prices, US growth gains speed -Fed

WASHINGTON (Reuters) -The U.S. economic recovery accelerated in recent weeks even as a long list of supply chain troubles, hiring difficulties, and rising prices cascaded through the country, Federal Reserve officials said in their latest review of economic ...

Microsoft expands low-cost broadband push to eight cities to address racial, digital inequality

CNET

CNET

They're locations where broadband infrastructure largely exists, but "the connection and devices to utilize it are unaffordable, leaving access to essentials of life out of reach for millions," Vickie Robinson, general manager of Microsoft's Airband Initiative, said in a ...

Money Stuff: AMC Brings Out the Popcorn

AMC. The famous George Soros quote is "When I see a bubble forming, I rush in to buy, adding fuel to the fire." If you watched the stock of AMC Entertainment Holdings Inc. go up 116% last week, on not much news, you might rationally think "boy I wish I had a ...

Oil adds to gains on OPEC+ supply discipline, demand prospects

SINGAPORE (Reuters) -Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July while expecting a robust recovery in demand in the United States and China, the world's two ...

Behave Badly and Risk Getting Your Funds Frozen: Brussels Edition

We spoke with Commission Vice President Vera Jourova, who said the plan is to aggressively implement the new rule-of-law conditionality for funding. If corruption, weak courts or poor law enforcement are found to put EU money at risk of embezzlement, then ...

Oil rises for a third day on expectations for fuel demand pickup

Brent crude futures were up 49 cents, or 0.7%, at $71.84 a barrel by 0233 GMT, the highest since September 2019. The international benchmark gained 1.6% on Wednesday. U.S. West Texas Intermediate ...