For the first time since Brittney Griner’s arrest almost three months ago, Russia appears to have publicly signaled its asking price for her safe return, if multiple reports by Russian state media are to be believed. Russia is looking to exchange the WNBA star in a prisoner swap for notorious convicted arms trafficker Viktor Bout, several state-owned Russian news outlets reported Friday, citing unnamed government sources. Bout, whose exploits earned him the nickname the “Merchant of… Source link
Read More »Indonesia to Allow Key Palm Oil Exports, Sparking Price Swings
(Bloomberg) — Palm oil slumped on prospects that top producer Indonesia’s surprise ban of cooking oil exports will not be strict as feared. Most Read from Bloomberg Indonesia will only halt exports of bulk and packaged RBD palm olein, a higher value product that has been processed. Exports of crude palm oil and RBD palm oil will still be allowed, according to people familiar with the matter. RBD olein accounts for 30% to 40% of Indonesia’s total palm oil exports. Benchmark futures… Source link
Read More »Why the price of gold is heading for a ‘modest new all-time high’: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, April 21, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him @SPYJared Last week, I got the call. A dear relative living on a pension who’s facing soaring prices for food, gas, and medicine — along with everything else — asked me how to buy gold. Whether one considers gold a… Source link
Read More »Google Fi Price Drops Bring Its Basic Plan Down to $20 Per Month
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Read More »Tesla price increases may just be the beginning for electric vehicle industry: Analyst
Unlike traditional automakers, electric-vehicle (EV) maker Tesla (TSLA) can dynamically raise or lower prices at will — and it has just done that, again. For the second time in a week, Tesla is raising prices across the board for its U.S. product range encompassing the Model 3, Model Y, Model S, and Model X. Here are a few notable hikes: Model 3 Rear-Wheel-Drive, Tesla’s cheapest vehicle, went up $2,000 to nearly $47,000 Model 3 All-Wheel Drive jumped $2,500 to $54,500 The base version of… Source link
Read More »Biden Urged to Invoke Cold-War Powers to Blunt Energy Price Hike
(Bloomberg) — President Joe Biden is under pressure to invoke Cold War-era powers to force more domestic oil production as the war in Ukraine strains supplies, raising gasoline prices and fueling inflation. Most Read from Bloomberg Lawmakers and labor activists have urged Biden to compel deployment of drilling rigs and solar panels using the 1950 Defense Production Act, the same authority wielded by Harry Truman to make steel for the Korean War and Donald Trump to spur mask production to… Source link
Read More »‘Putin’s price hike’ and oil company inaction are driving costs higher, WH economist says
As oil prices continue to spike, the White House and the oil industry have been engaged in tit-for-tat all week about whether more can be done to ramp up domestic energy supplies. The industry and many of its largely Republican allies in Washington have criticized the White House over what they say are onerous regulations, a slow permitting process, and President Biden’s revocation of the Keystone XL pipeline permit. In response, the White House said that the pipeline would still be under… Source link
Read More »Russell Westbrook finally paying price for defiance
Defiance has been the fuel to everything Russell Westbrook has been and accomplished in his NBA career. It didn’t matter what his critics or opponents said, because very often his play — or rather the result of his performances — had the last word. Now, as he’s underperformed in a Los Angeles Lakers uniform, the greatest initiator of pressure in the NBA, he’s seeing and hearing everything and no longer has the game to mute all the noise. An athlete in decline is the main course here,… Source link
Read More »Biden bans Russian oil, warns of ‘Putin price hike’ at pump
WASHINGTON (AP) — President Joe Biden announced Tuesday the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine, but he acknowledged it will bring costs to Americans, particularly at the gas pump. The action follows pleas by Ukrainian President Volodymyr Zelenskyy to U.S. and Western officials to cut off the imports, which had been a glaring omission in the massive sanctions put in place on Russia over the invasion…. Source link
Read More »L.A.’s most extravagant mansion sells for less than half its list price
After years of construction, a foreclosure and a bankruptcy, the Bel-Air mega-mansion known as ‘The One’ has been sold. (Allen J. Schaben / Los Angeles Times) The mega-mansion known as “The One” sold Thursday for $126 million at a bankruptcy auction. That’s a huge discount from its $295-million listing price, even with a 12% auction fee bringing the total to about $141 million. The Bel-Air property set a record for the costliest house sold at auction, but it fell well short of the California… Source link
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