China on Monday threw its latest punch in the trade war Opens a New Window. by letting its currency weaken to a more than one decade low against the U.S. dollar. Beijing's actions drew the ire of President Trump and sent shock waves rippling across Wall Street. "China dropped the price of their currency to an almost a historic low," Trump tweeted on Monday. "It’s called “currency manipulation.” Are you listening Federal Reserve? This is a major violation which will greatly weaken China overtime!" China dropped the price of their currency to an almost a historic low. It’s called “currency...…China on Monday threw its latest punch in the trade war Opens a New Window. by letting its currency weaken to a more than one decade low against the U.S. dollar. Beijing's actions drew the ire of President Trump and sent shock waves rippling across Wall Street. "China dropped the price of their currency to an almost a historic low," Trump tweeted on Monday. "It’s called “currency manipulation.” Are you listening Federal Reserve? This is a major violation which will greatly weaken China overtime!" China dropped the price of their currency to an almost a historic low. It’s called “currency...WW…

EXCLUSIVE: A group of House Republicans and two Democrats will send a letter to the Biden administration warning that its pause on new is having a negative impact on existing operations. The lawmakers will tell acting Interior Secretary Scott de la Vega that local officials are unable to process approval for rights of way – which includes pipelines for take-away of associated gas production from producing oil wells and pipelines to transport . “The suspension on approving rights-of-way has caused significant problems for producers, as the lack of these right-of-way permits has...…EXCLUSIVE: A group of House Republicans and two Democrats will send a letter to the Biden administration warning that its pause on new is having a negative impact on existing operations. The lawmakers will tell acting Interior Secretary Scott de la Vega that local officials are unable to process approval for rights of way – which includes pipelines for take-away of associated gas production from producing oil wells and pipelines to transport . “The suspension on approving rights-of-way has caused significant problems for producers, as the lack of these right-of-way permits has...WW…

Jaydyn Carr, a 10-year-old who cashed out on GameStop, and his mother share their story of acquiring and selling his GameStop stock amid the short squeeze.The will have a difficult time proving the recent surging price of GameStop Corp. and others like it are the result of market manipulation. Continue Reading BelowTickerSecurityLastChangeChange %GAMESTOP CORP325.00+131.40+67.87%“One view is there's clever manipulation by sinister manipulators,” Columbia Law School Professor John Coffee told FOX Business.GameStop shares jumped Friday and have soared 1,545% since Jan. 12 after a...…Jaydyn Carr, a 10-year-old who cashed out on GameStop, and his mother share their story of acquiring and selling his GameStop stock amid the short squeeze.The will have a difficult time proving the recent surging price of GameStop Corp. and others like it are the result of market manipulation. Continue Reading BelowTickerSecurityLastChangeChange %GAMESTOP CORP325.00+131.40+67.87%“One view is there's clever manipulation by sinister manipulators,” Columbia Law School Professor John Coffee told FOX Business.GameStop shares jumped Friday and have soared 1,545% since Jan. 12 after a...WW…

With nearly 3.5 million Texas homes and businesses without electricity Monday afternoon, state officials were looking for answers and one may come from an unexpected source: the auction system used by the Electric Reliability Council of Texas. The council, which operates the electric grid and manages the deregulated energy market for 75% of the state, issued emergency energy alert warnings in advance of the storm. But bitter-cold temperatures and a rare snowfall caused a surge in electricity demand and resulted in rolling blackouts as cold weather idled many of the state's...…With nearly 3.5 million Texas homes and businesses without electricity Monday afternoon, state officials were looking for answers and one may come from an unexpected source: the auction system used by the Electric Reliability Council of Texas. The council, which operates the electric grid and manages the deregulated energy market for 75% of the state, issued emergency energy alert warnings in advance of the storm. But bitter-cold temperatures and a rare snowfall caused a surge in electricity demand and resulted in rolling blackouts as cold weather idled many of the state's...WW…

Close the sidebarFormer U.S. Energy Secretary Dan Brouillette argues the situation in Texas following a storm shows the importance of having 'a diverse energy supply.' and gas prices continued to climb Tuesday morning as frigid wintry weather choked off wells and refineries and shut-in natural gas production in Texas and Oklahoma and left millions of people without power.West Texas Intermediate crude oil rose 19 cents to $59.66 per barrel while natural gas climbed 21.3 cents, or 7.31%, to $3.125 per thousand cubic feet. RBOB gasoline was higher by 6.2 cents to $1.7545 per...…Close the sidebarFormer U.S. Energy Secretary Dan Brouillette argues the situation in Texas following a storm shows the importance of having 'a diverse energy supply.' and gas prices continued to climb Tuesday morning as frigid wintry weather choked off wells and refineries and shut-in natural gas production in Texas and Oklahoma and left millions of people without power.West Texas Intermediate crude oil rose 19 cents to $59.66 per barrel while natural gas climbed 21.3 cents, or 7.31%, to $3.125 per thousand cubic feet. RBOB gasoline was higher by 6.2 cents to $1.7545 per...WW…

shutting down the Dakota Access pipeline would result in Americans paying higher prices at the supermarket, according to experts. The Biden administration will decide the fate of the Dakota Access pipeline, which was approved by former in 2017 after being denied by former President Barack Obama, following a court-ordered environmental review. More than 200 celebrities recently sent a letter to Biden asking him to permanently shut the pipeline due to its impact on the environment and its impact on the Indigenous people who live in the area. The Biden administration did not respond to FOX...…shutting down the Dakota Access pipeline would result in Americans paying higher prices at the supermarket, according to experts. The Biden administration will decide the fate of the Dakota Access pipeline, which was approved by former in 2017 after being denied by former President Barack Obama, following a court-ordered environmental review. More than 200 celebrities recently sent a letter to Biden asking him to permanently shut the pipeline due to its impact on the environment and its impact on the Indigenous people who live in the area. The Biden administration did not respond to FOX...WW…

The wife of Democratic Delaware Sen. Tom Carper purchased of semiconductor manufacturer Intel Corp. just days before issued an executive order aimed at addressing the global chip shortage. Martha Ann Stacy Carper on Feb. 16 bought up to $15,000 of Intel Corp. stock, according to a financial disclosure form filed by her husband. Eight days later, Biden signed an executive order calling for a 100-day review that will allow for quick implementation of policy recommendations to strengthen supply chains for chips and other key products.Ticker Security Last Change Change % INTEL CORP....…The wife of Democratic Delaware Sen. Tom Carper purchased of semiconductor manufacturer Intel Corp. just days before issued an executive order aimed at addressing the global chip shortage. Martha Ann Stacy Carper on Feb. 16 bought up to $15,000 of Intel Corp. stock, according to a financial disclosure form filed by her husband. Eight days later, Biden signed an executive order calling for a 100-day review that will allow for quick implementation of policy recommendations to strengthen supply chains for chips and other key products.Ticker Security Last Change Change % INTEL CORP....WW…

House Speaker husband placed a bet of up to $1 million on the future of Inc. under the administration, which is expected to provide incentives to purchase more environmentally-friendly electric vehicles. Pelosi, as speaker of the House, likely has insights into Biden’s plans for the industry, which are expected to include tax credits and other incentives to promote the shift away from traditional automobiles. "The clearly indicate these investments were made by Mr. Paul Pelosi not the Speaker," a spokesman for Speaker Pelosi's office told FOX Business in a statement. The letters  "SP"...…House Speaker husband placed a bet of up to $1 million on the future of Inc. under the administration, which is expected to provide incentives to purchase more environmentally-friendly electric vehicles. Pelosi, as speaker of the House, likely has insights into Biden’s plans for the industry, which are expected to include tax credits and other incentives to promote the shift away from traditional automobiles. "The clearly indicate these investments were made by Mr. Paul Pelosi not the Speaker," a spokesman for Speaker Pelosi's office told FOX Business in a statement. The letters  "SP"...WW…

The record-breaking that President Elect will inherit from is in danger of a post-Inauguration Day selloff, according to Wall Street strategists. Tax hikes and a significantly improving economy leading to higher interest rates are concerns that could become driving forces for markets later this year. “Post-inauguration correction likely on peak policy, profits & positioning,” wrote Michael Harnett, chief investment strategist at Bank of America. The S&P 500 grew at a 13.73% annualized rate, or 67.26%, over Trump’s term, the index’s third-biggest annualized gain under a...…The record-breaking that President Elect will inherit from is in danger of a post-Inauguration Day selloff, according to Wall Street strategists. Tax hikes and a significantly improving economy leading to higher interest rates are concerns that could become driving forces for markets later this year. “Post-inauguration correction likely on peak policy, profits & positioning,” wrote Michael Harnett, chief investment strategist at Bank of America. The S&P 500 grew at a 13.73% annualized rate, or 67.26%, over Trump’s term, the index’s third-biggest annualized gain under a...WW…

The number of Americans filing for unexpectedly rose last week, according to the Labor Department. Data released Thursday showed 719,000 Americans filed first-time jobless claims in the week ended March 27. Analysts surveyed by Refinitiv were expecting 680,000 filings. The prior week’s reading was revised down to 658,000 from 684,000. The increase comes a week after first-time filings fell to their lowest level since the onset of the COVID-19 pandemic. Continuing claims for the week ended March 20, meanwhile, rose to 3.794 million, up from last week’s downwardly revised 3.84 million....…The number of Americans filing for unexpectedly rose last week, according to the Labor Department. Data released Thursday showed 719,000 Americans filed first-time jobless claims in the week ended March 27. Analysts surveyed by Refinitiv were expecting 680,000 filings. The prior week’s reading was revised down to 658,000 from 684,000. The increase comes a week after first-time filings fell to their lowest level since the onset of the COVID-19 pandemic. Continuing claims for the week ended March 20, meanwhile, rose to 3.794 million, up from last week’s downwardly revised 3.84 million....WW…