Body of woman found in Reserve Township embankment
RESERVE TOWNSHIP, PA — The Allegheny County Police Department’s Homicide Unit is investigating after the body of an adult female was discovered over an embankment along the 4000 block of Spring Garden…
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 adviser Brian Deese said on Tuesday. The…
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 steelmaker’s chief executive said in an article…
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 for passing or uttering counterfeit Federal Reserve…
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 as part of the Biden administration’s previously…
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 June 23. The results of the test,…
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 1001 Ogletown Road on Wednesday. Newark Police…
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, announced that JOHNNY C. GUILLORY, SR., age…
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, while gasoline and distillate inventories fell last…
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 to August at the earliest, according to…
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 reserve over the next six months, the…
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 interest rates in a series of hikes…
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 Federal Reserve position, withdrew her nomination Tuesday…
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 Reserve System to complete the previously announced…
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 homesites and sales have begun in the…
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 in August, IMF data show, and debt…
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. The Democrats, led by Senate Armed Services…
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 it grapples with sanctions and the fallout…
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 green energy programs. Neil Crabtree, a member…
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 and passing counterfeit Federal Reserve notes. The…
Credit Suisse expects 50 bps cut in China’s first-half reserve requirement ratio
– Credit Suisse economists expect a further 50 basis point (bps) cut in China’s reserve requirement ratio (RRR) in the first half of 2022, given the Asian economy is starting to ease…
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 after the central bank’s two-day meeting. The…
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 prices. The DOE approved the release of 13.4…
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 Center in Upland and then briefly leading…
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” threat to banks. “We find that weather…
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 maple syrup shortage. This, according to NPR…
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