G7

The Group of Seven (G7) nations have agreed to put a price cap of $60-per-barrel on Russian crude oil. On Friday, the European Union decided on the same price. As per the new consensus, the cap will ban companies from shipping, insuring, or financing Russian oil unless the oil is sold below $60 a...

The Group of Seven (G7) rich nations and Australia have decided to set a fixed price when they finalize a price cap on Russian oil later this month, as against adopting a floating rate, Reuters reported, citing anonymous sources. “The Coalition has agreed the price cap will be a fixed price...

Led by investor skepticism and burgeoning risk in the financial markets driven by crude oil price volatility and central banks’ actions to tame inflation, President Joe Biden's team members are considering reworking a plan to cap Russian oil prices, reported Bloomberg. The U.S....

The Group of Seven (G7) finance ministers will hold talks this week on permitting global purchases of Russian oil at a capped price, a move the U.S. believes will ease energy market pressures and reduce overall Russian revenues from crude, reported Bloomberg. What Happened: U.S....

The U.S. Treasury has reached out to President Joe Biden to help regulate cryptocurrencies. In a July 7, 2022 memorandum, the U.S. Treasury detailed an effort to establish worldwide standards for central bank digital currencies (CBDCs) and cryptocurrency payments to regulate financial stability and...

A new round of Americans have been banned from entering the country of Russia. First Lady Jill Biden and daughter Ashley top the list. Here’s who else was included and who was previously banned by the country. What Happened: In retaliation to new sanctions by the U.S. on Russia and...

Russian President Vladimir Putin is known for promoting his tough-man image through state media. That came under brief ridicule from the Group of Seven (G7) leaders who sat for their first meeting in Germany on Sunday. What Happened: Amid sweltering conditions in the...

Cryptocurrency may be in for widespread international regulation as fears of tax and sanction evasion cause more and more pressure toward the development of an international crypto regulatory framework. What Happened: Kazushige Kamiyama, the head of the Bank of Japan's payment and...

German automaker Volkswagen Group’s (OTC: VWAGY) CEO Herbert Diess on Tuesday berated the Group of Seven nations for failing to set an end-date for phasing out coal and called for more action to reach the 2030 climate goal to reduce greenhouse gas emissions to at least 55%...

The way things went on Wall Street Monday and Tuesday, it felt like the market got ahead of itself a little. About a week ahead, actually.  It’s a week from today when the Fed finishes its next meeting, and stocks generally trade in a narrow range right before that with no real direction...

Over the weekend, finance ministers from G7 economies agreed to new global tax policies that could potentially have a major impact on big tech stocks. What Happened: G7 members Canada, France, Germany, Italy, Japan, the United Kingdom and the United States pledged to enforce a minimum global...

President Trump was quiet on Twitter (NYSE: TWTR) Monday with a total of three tweets. Doral in Miami would have been the best place to hold the G-7, and free, but too much heat from the Do Nothing Radical Left Democrats & their Partner, the Fake News Media! I’m surprised that they allow...

French President Emmanuel Macron on Monday claimed that the U.S. and France reached a deal regarding France's digital tax framework, after the Office of the U.S. Trade Representative started a Section 301 investigation on the matter in July. Section 301 of the Trade Act of 1974 provides for the...

Apple, Inc. (NASDAQ: AAPL) shares bounced back on Monday after headlines in the wake of the G-7 meeting over the weekend suggest trade negotiations between the U.S. and China could be getting back on track. Large option traders were scrambling to adjust their positions on Monday. Here’s a...