OPEC+ agrees to deep oil production cuts, as Biden calls them shortsighted

OPEC + cuts production by 2 million barrels per day The real reductions are estimated at 1 million barrels per day due to production shortages Biden criticizes the decision and calls it short-sighted Saudi Arabia says criticism of the West is motivated by arrogance of wealth Saudi Arabia says cuts necessary due to high interest … Read more

The Fed decided to raise the interest rate by 75 basis points; Likely early pivot: Reuters poll

A woman holds US dollar bills in this illustration taken on May 30, 2022. REUTERS/Dado Rovich/Illustration Register now to get free unlimited access to Reuters.com Register BENGALURU (Reuters) – The Federal Reserve will raise interest rates by 75 basis points next week and is likely to keep the rate on hold for an extended period … Read more