On Friday we covered the chances of sanctions on imported Russian oil (and referred to it yesterday). Here are five key points from Friday’s report to put into context of today’s announcement:
Biden did not say no (to a ban on imported Russian oil) Only (White House Press Secretary) Psaki has (ruled out a ban) (The ban) would seem to be a live issue within the Administration … it is important to note that Congress has a role (in imposing a ban) (Imposing sanctions is) in need of a plan that includes an offset for Russian oil
Today, the President issued an executive order that would ban the import of Russian oil, liquefied natural gas, and coal to the United States. It also prohibits new U.S. investment in...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...