News

U.S. oil reserve release meant to help Democrats?

Published

2 years ago

October 20, 2022

15 million barrels will be released from nation’s oil reserve

The Biden administration announced that they will release of 15 million barrels of oil from the country’s Strategic Petroleum Reserve in an effort to lower fuel prices.

Last week, leading OPEC, the Saudi government rejected appeals from the U.S. and moved forward with cutting oil production.

This came after news broke that the Biden administration urged Saudi Arabia to delay reducing their oil production by one month—which would push the change off until after the midterm elections.

The decision is expected to cause gas prices to spike in the U.S. before Election Day.

On Wednesday, U.S. President Joe Biden announced the release would lower gas prices and strengthen domestic oil production.

As the President wrapped up his remarks at the White House, a reporter shouted out at him, “What is your response to Republicans who say you are only doing this SPR release to help Democrats in the midterms?

“Where have they been the last four months? That’s my response,” Biden said, sarcastically.

Another reporter asked, “Is it politically motivated, sir, three weeks before the midterms?”

Biden responded, “No, it’s not. Look, it makes sense. I’ve been doing this for how long now? It’s not politically motivated at all. It’s motivated to make sure that I continue to push on what I’ve been pushing on.”

Additionally, the release comes as the administration has been meeting with executives from oil company to try and negotiate ways to lower fuel prices ahead of the midterm elections.

Inflation—driven by high energy prices—is a key issue in this year’s elections.

News

Billionaire & engineer make history after world’s first private space mission

Published

3 hours ago

September 13, 2024

ticker NEWS

A billionaire and an engineer have made history with the world’s first private spacewalk aboard SpaceX’s Crew Dragon capsule.

Jared Isaacman and Sarah Gillis stepped outside SpaceX’s Crew Dragon capsule for nearly two hours, tethered to the craft as it orbited Earth.

This risky mission tested new spacesuits and technology, pushing the limits of private space travel. #featured #trending

Money

What to expect for IPO markets

Published

9 hours ago

September 13, 2024

ticker NEWS

With high interest rates and geopolitical uncertainty–what’s in store for IPO markets?

As the second half of 2024 begins, the IPO market is poised for a potential rebound after a sluggish start to the year.

With improving economic conditions and renewed investor confidence, more companies seem to be considering going public, creating market optimism.

However, challenges such as inflation and geopolitical uncertainties remain key factors to watch.

Dean Quiambao, a partner at Armanino joins Veronica Dudo to discuss what experts are predicting for the IPO landscape in the coming months and how businesses are positioning themselves for success.

#IN AMERICA TODAY #trending #IPO #IPOmarkets #ratecuts

Leaders

Harris, Biden & Trump unite for 9/11 ceremony

Published

21 hours ago

September 12, 2024

ticker NEWS

New York City has marked 23 years since the 9/11 terror attacks that claimed nearly 3,000 lives and reshaped the nation.

Families of the victims gather at the 9/11 Memorial, keeping a sacred promise to remember the fallen with six moments of silence.

These moments mark key events from that tragic morning: the strikes on the Twin Towers, the Pentagon, and the crash of Flight 93 in Pennsylvania.

Also a moment of unity on the campaign trail, as President Biden, Trump, and Vice President Kamala Harris came together at the 9/11 ceremony. #featured #trending