Well, that did not last very long. A new report suggests that BlackRock is shutting down an ESG fund because of a lack of interest and poor performance. The BSF Style Advantage Screened fund, which was launched in 2019 is set to close on May 10. Since its inception, it has lost an annualized rate […]
Money
Dallas Fed Energy Survey: ‘The administration is trying their best to destroy our energy economy’
The Federal Reserve Bank of Dallas released the results of its third-quarter Energy Survey. Some of the comments from those on the ground, including oil fields, were pretty interesting to say the least. The remarks essentially offered a greater insight into what is currently transpiring than what the benchmark prices can tell us. Here are […]
Ghana to buy crude oil with gold rather than U.S. dollars in first quarter of 2023
You can add Ghana to the list of countries that are getting off the U.S. dollar and transitioning away from relying on the greenback hegemony. Ghana’s Vice-President Mahamudu Bawumia announced on Facebook on Thursday that his government is forming a new policy to purchase crude oil products with gold instead of U.S. dollar reserves. The […]
UK says it’s in a recession, Japan fears coming economic downturn
Many of the world’s biggest economies are either in a recession or about to face an economic downturn. The UK government recently confirmed that the British economy is in a recession. Officials warned that the recession could last a year and bring unemployment to 4.9%. Japan, the world’s third-largest economy, is worried that it might […]
Did Elon Musk suspend Twitter Blue? Reports suggest $8 subscription service has stopped
Did Elon Musk yank Twitter Blue? Following a wave of impersonator accounts, it appears that the social media platform suspended the $8-a-month subscription service. Forbes reported: “Although the platform has not issued an official statement about disabling the Twitter Blue service, Forbes has verified that users have not been able to sign up to the […]