Russia’s ruble sank to its lowest levels since a run on the currency in December, wounded by a fresh slump in oil prices and rising fears that the central bank’s emergency measures to rescue the currency last month aren’t enough.
WSJ.com: World Markets, Wall Street Journal: World Markets
Tue, 01/13/2015 - 6:22am
Russia’s ruble sank to its lowest levels since a run on the currency in December, wounded by a fresh slump in oil prices and rising fears that the central bank’s emergency measures to rescue the currency last month aren’t enough.
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
How sustainability and personalization will redefine luxury travel in 2025 You may have arrived in a hotel room to find a chocolate on your pillow or a welcome message on the TV. But imagine checking in and finding the exact pillow you specified, the temperature just right, and a personal menu, along with a bespoke wellness program.
More | Talk | Read It Later | ShareFarmers at Kakadoodle, a family chicken farm in south suburban Matteson, were in its coops on a recent Sunday because a water pipe had frozen when they discovered about 30 dead birds. MariKate Thomas, who owns Kakadoodle with her husband, said that at first they thought the deaths were tied to the low temperatures. “It was right when the weather was shifting,” Thomas said.
More | Talk | Read It Later | ShareUnitedHealth Group will promote one of its top insurance executives to replace Brian Thompson, the slain CEO of its UnitedHealthcare arm. The company said Thursday that Tim Noel will become the next UnitedHealthcare leader. Noel most recently led UnitedHealthcare’s Medicare and retirement business. He joined the company in 2007. UnitedHealthcare is the nation’s largest insurer, covering more than 49 million people.
More | Talk | Read It Later | ShareAll federal agencies received a memo Wednesday requiring the termination of remote work options, with return-to-office plans due by end of day Friday. In the memo, the acting director of the Office of Personnel Management, Charles Ezell, told the heads and acting heads of all departments and agencies that the change is due to Donald Trump's Return to In-Person Work presidential memorandum, which carved out space for some exemptions and ordered: Heads of all departments and agencies in the executive branch of Government shall, as soon as practicable, take all necessary steps to terminate remote work arrangements and require employees to return to work in-person at their respective duty stations on a full-time basis, provided that the department and agency heads shall make exemptions they deem necessary. Empty offices a “national embarrassment” According to the memo, "most federal offices presently are virtually abandoned," with "the vast majority of federal office workers" having "not returned to in-person work" after transitioning to remote work during the height of the COVID-19 pandemic.
More | Talk | Read It Later | ShareWASHINGTON — President Donald Trump has pledged cheaper prices and lower interest rates, but an economy transformed by the pandemic will make those promises difficult to keep. Economic growth is solid, driven by healthy consumer spending. And budget deficits are huge and could get even larger. Meanwhile, businesses are borrowing more to step up their investments in data centers and artificial intelligence, leading to a greater demand for loans that can raise interest rates. And if Trump follows through on his promises to impose widespread tariffs on imports and deport millions of immigrants, economists expect inflation could worsen — making it less likely the Federal Reserve will cut its key interest rate much this year. All of these trends will likely keep borrowing costs higher, including for homes and cars. Yet on Thursday during the World Economic Forum’s annual event in Davos, Switzerland, Trump said he would reduce oil prices, and then “I’ll demand that interest rates drop immediately, and likewise, they should be dropping all over the world.” Later, in Washington, Trump told reporters that lower energy costs would reduce inflation, which would “automatically bring the interest rates down.” Asked if he expects the Fed to listen to him on rates, Trump said: “Yeah.” Yet Trump may be facing a bigger challenge than he expects.
More | Talk | Read It Later | Share