Crude in U.S. emergency reserve falls to lowest since Nov. 1984
HOUSTON (Reuters) – Crude inventories in the U.S. Strategic Petroleum Reserve (SPR) fell 7.5 million barrels in the week to Sep. 2 to 442.5 million …
Reserve
Crude in U.S. emergency reserve falls to lowest since Dec. 1984
HOUSTON (Reuters) – Crude inventory in the U.S. emergency reserves fell by 3.1 million barrels in the week to Aug. 26, according to data from …
CBP’s Philadelphia Area Port Recognized for Outstanding Support to our Employees who also Serve in our Nation’s Military National Guard and Reserve
PHILADELPHIA – Joseph Martella, U.S. Customs and Border Protection’s Area Port Director in Philadelphia, accepted the Seven Seals Award presented to him by the Department …
Federal Reserve issues guidance for banks considering crypto activities
By Pete Schroeder and Hannah Lang WASHINGTON (Reuters) – The U.S. Federal Reserve on Tuesday issued additional guidance for banks considering activities involving cryptocurrencies, emphasizing …
White House does not plan additional oil reserve releases beyond 6-month window
WASHINGTON – The Biden administration does not plan to continue releases from the Strategic Petroleum Reserve (SPR) beyond the original six-month period, White House economic …
Steelmaker Voestalpine builds up gas reserve to tackle shortfalls – CEO
ZURICH – Voestalpine has built up sufficient gas reserves to safeguard three months of production should there be an emergency hit to supplies, the Austrian …
California Woman Sentenced To Two Years In Federal Prison For Passing Counterfeit Federal Reserve Notes
Fort Myers, FL – U.S. District Judge Thomas P. Barber today sentenced Savannah Symone Duncan (24, Los Angeles, CA) to two years in federal prison …
U.S. to sell up to 45 million bbls oil from reserve as part of historic release
WASHINGTON – The U.S. Department of Energy on Tuesday said it was selling up to 45 million barrels of oil from the Strategic Petroleum Reserve …
Federal Reserve to release 2022 bank stress results on June 23
WASHINGTON – The U.S. Federal Reserve announced on Monday it would publish the results of its annual stress test of the nation’s largest banks on …
Police Respond to Armed Gunman At Delaware Army Reserve Center in Newark
NEWARK, DE – An armed man set up a military-style perimeter around his car in the parking lot United States Army Reserve Training Center at …
Guilty Verdict Returned Against a Former Employee of the Department of Energy’s Strategic Petroleum Reserve in Connection with a Scheme to Defraud the United States
NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans and Jonathan Kanter, Assistant Attorney General for the Antitrust Division of the Department of Justice, …
U.S. crude stocks surge on strategic reserve release
By David Gaffen (Reuters) – U.S. crude stocks surged by more than 9 million barrels, in part due to releases from the nation’s strategic reserves, …
Reserve Bank of India to wait at least until August to raise repo rate – Reuters poll
By Prerana Bhat and Tushar Goenka BENGALURU – The Reserve Bank of India will delay its first interest rate rise by at least four months …
U.S. to release 1 million bbl of oil per day from strategic reserve over next 6 months – statement
WASHINGTON – U.S. President Joe Biden’s administration on Thursday announced a plan to release 1 million barrels of oil a day from the strategic petroleum …
Federal Reserve Hikes Interest Rates For First Time In Three Years
Federal Reserve Hikes Interest Rates For First Time In Three Years Harry Wilmerding on March 16, 2022 The Federal Reserve announced Wednesday it would increase …
Biden Federal Reserve Nominee Sarah Bloom Raskin Withdraws Nomination
Biden Federal Reserve Nominee Sarah Bloom Raskin Withdraws Nomination Thomas Catenacci on March 15, 2022 Sarah Bloom Raskin, President Joe Biden’s pick for a key …
M&T Bank Corporation Receives Regulatory Approval from the Board of Governors of the Federal Reserve System for People’s United Merger
BUFFALO, N.Y., March 4, 2022 — M&T Bank Corporation (NYSE: MTB) (“M&T”) announced today receipt of regulatory approval from the Board of Governors of the Federal …
HANOVER FAMILY BUILDERS, A LANDSEA HOMES COMPANY, CLOSES ON 102 HOMESITES AT HAMMOCK RESERVE
HAINES CITY, Fla., March 7, 2022 — Hanover Family Builders, a Landsea Homes Corporation (Nasdaq: LSEA) company, announced today it has closed on 102 completed …
Ukraine tapped lion’s share of IMF reserve allocation, debt pressures building
By Andrea Shalal WASHINGTON – Ukraine has exchanged all but $80 million of the $2.7 billion in new International Monetary Fund emergency reserves it received …
Democrats Ask Biden To Tap Strategic Petroleum Reserve Again
A group of 10 bicameral Democrats urged President Joe Biden to tap further into the Strategic Petroleum Reserve (SPR) amid the ongoing crisis in Ukraine. …
Sberbank opens additional reserve line for units in Belarus, Kazakhstan
MOSCOW – Russia’s dominant lender Sberbank on Monday said it had opened an additional reserve line for its subsidiary banks in Belarus and Kazakhstan, as …
Biden Didn’t Have To Tap ‘Green Energy Reserve,’ Laid-Off Keystone XL Worker Says
A former Keystone XL Pipeline worker, who was laid off after President Joe Biden canceled the project in 2021, slammed the president Wednesday for prioritizing …
Bradenton Man Sentenced To Federal Prison For Passing Counterfeit Federal Reserve Notes
Fort Myers, Florida – U.S. District Judge Thomas P. Barber has sentenced Dennis Michael Aigotti (54, Bradenton) to 36 months in federal prison for possessing …
Federal Reserve Sticks To Rate Hike Schedule, Signals End To Asset Purchase Stimulus
The Federal Reserve will keep interest rates near zero, and it will begin its rate hike in mid-March, Federal Reserve Chairman Jerome Powell said Wednesday …
Biden administration to release 13 million more barrels of oil from strategic reserve
The Department of Energy (DOE) announced Tuesday the release of millions of barrels of oil from the Strategic Petroleum Reserve (SPR) to combat soaring gas …
Pomona Parolee Sentenced to Nearly Three Years in Federal Prison for Stealing Humvee from Army Reserve Center in Upland
LOS ANGELES – A Pomona man was sentenced today to 34 months in federal prison for stealing a military Humvee from the Army Reserve …
Federal Reserve Study Sinks Biden’s Claim On Climate Risks To Banks
The Federal Reserve concluded that weather disasters are “not very” bad for financial institutions despite the Biden administration’s warnings that climate change is an “emerging” …
Crisis on the horizon as Canada taps its strategic reserve of maple syrup
While U.S. President Joe Biden and the United States grapple with a rising shortage of oil and gas, Canada is experiencing a similar shortage, a …
Flashback: Biden Downplayed Tapping Emergency Oil Reserve, Said He Couldn’t Control Gas Prices
President Joe Biden tapped into the U.S. emergency oil reserves Tuesday despite previously throwing cold water on the idea that he said wouldn’t have much …
Federal Reserve Begins Taking Steps To Fight Growing Inflation
The Federal Reserve said in September that it would begin taking steps to combat growing inflation in the U.S. economy, according to notes from a …
Sen. Warren Calls For Investigation Into Federal Reserve Officials’ ‘Ethically Questionable’ Stock Market Trades During The Pandemic
Democratic Sen. Elizabeth Warren on Monday called for the Securities and Exchange Commission (SEC) to investigate stock market trades made by Federal Reserve officials. Warren …