United States Procures 2 Million Barrels of Oil for the Strategic Petroleum Reserve

United States Procures 2 Million Barrels of Oil for the Strategic Petroleum Reserve

United States Procures 2 Million Barrels of Oil for the Strategic Petroleum Reserve The Energy Department announced on Tuesday that the United States has acquired 2.1 million barrels of crude oil to replenish the Strategic Petroleum Reserve (SPR) following last year’s record-breaking sale. The purchase, scheduled for delivery in February, was made at an average […]

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United States Banks Losing Money on Mortgages

United States Banks Losing Money on Mortgages

United States Banks Losing Money on Mortgages United States Banks Losing Money on Mortgages Another sign that the housing market is unstable is that banks are now experiencing losses on their mortgages. According to a recent report by the Mortgage Bankers Association (MBA) published this week, independent mortgage banks and chartered bank subsidiaries recorded their […]

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US Boeing cautions of diminished production and delivery of 737 Max aircrafts owing to a parts-related concern

US Boeing cautions of diminished production and delivery of 737 Max aircrafts owing to a parts-related concern

United States: Boeing cautions of diminished production and delivery of 737 Max aircrafts owing to a parts-related concern. Quick Read Due to a parts-related concern originating from a supplier, Boeing issued a warning on Thursday regarding the decreased production and deliveries of 737 Max planes in the near future. The supplier, Spirit AeroSystems, produces some […]

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Following Meeting with US House Speaker, China Commences Military Exercises near Taiwan

Following Meeting with US House Speaker, China Commences Military Exercises near Taiwan

Following Meeting with US House Speaker, China Commences Military Exercises near Taiwan Brief Following Meeting with US House Speaker, China Commences Military Exercises near Taiwan “China Conducts Three-Day Military Exercise around Taiwan after President Tsai Ing-wen’s Meeting with US House Speaker Kevin McCarthy in California” Over the weekend, China initiated military maneuvers around Taiwan as […]

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United States Employment Rises by 431,000 in March 2022

United States Employment Rises by 431,000 in March 2022

United States Employment Rises by 431,000 in March 2022. The job growth rate in February and January was adjusted upwards by 95,000. The U.S. economy added 431,000 nonfarm pay employment in March 2022, while unemployment dropped to 3.6%. the jobless rate fell to 3.6 3.6%. “Notable” jobs growth was seen in leisure and hospitality and […]

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