Morning News: July 7, 2022

America’s Gridlocked Democracy Struggles to Meet China Challenge

Europe, Facing Energy Shortages, Moves to Shore Up Providers

US, Allies Discuss Capping Russian Oil at $40-$60 a Barrel to Cut War Revenue

Shell Says Fuel-Refining Margins Could Add $1 Billion to Quarterly Earnings

Inflation Fears Drove Larger Fed Rate Increase in June

Fed Moves Toward Another Big Rate Increase as Inflation Lingers

Fed Sees ‘More Restrictive’ Rates Possible If Inflation Persists

Tycoon Whose Bet Broke the Nickel Market Walks Away a Billionaire

The SEC Alone Can’t Police Billionaire CEOs Like Elon Musk

The Jobs Market Still Favors Workers, Despite Fears of an Economic Slowdown

Roaring US Rental Market Shows Early Signs of Slowing Down

Start-Up Funding Falls the Most It Has Since 2019

Electric Truck Maker Rivian’s Stock Surges as Deliveries More Than Triple

Officials Balked at a Drug Company’s Tax Shelter. Auditors Approved It Anyway.

Merck Is in Advanced Talks to Buy Seagen for Roughly $40 Billion or More

Heads of FBI, MI5 Issue Joint Warning on Chinese Spying

Defrauded Students to Get Easier Path to Debt Forgiveness Under New Biden Plan

Be sure to follow me on Twitter.

Posted by on July 7th, 2022 at 4:44 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.