Oil Rises After Biggest Surge Since May on Stimulus Optimism

(Bloomberg) — Oil rose further after the biggest gain since May on growing optimism for more U.S. fiscal stimulus and as Hurricane Delta heads for the Gulf of Mexico.

Futures added 3% in New York, following Monday’s surge above $39 a barrel. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will resume talks on Tuesday on another round of pandemic relief funding, but there’s no sign yet they are close to a deal despite Trump’s urging to get it done.

At the same time Hurricane Delta is hurtling toward the Gulf of Mexico, where it will likely force oil production to shut down. Gasoline futures gained Monday as the storm’s track became clearer, and continued to outpace gains in crude Tuesday.



chart: Oil reverses last week's losses when it plunged to a three-week low


© Bloomberg
Oil reverses last week’s losses when it plunged to a three-week low

Crude started the week by getting swept up in a broader market relief rally,

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Nearly 85,000 Inmates Entitled to Stimulus Checks; Judge Finds Exclusion Is ‘Likely Contrary to Law’

After the Internal Revenue Service deemed incarcerated individuals ineligible for a stimulus check, a judge found the agency was most likely doing so against the law and ruled it must reissue payments that were previously denied or forcibly returned.



text, letter: President Donald Trump's name appears on the coronavirus economic assistance checks that were sent to citizens across the country April 29 in Washington, D.C. On September 24, a judge ruled that incarcerated individuals otherwise eligible for a payment cannot have their payments withheld.


© Chip Somodevilla/Getty
President Donald Trump’s name appears on the coronavirus economic assistance checks that were sent to citizens across the country April 29 in Washington, D.C. On September 24, a judge ruled that incarcerated individuals otherwise eligible for a payment cannot have their payments withheld.

Nearly 85,000 incarcerated individuals received payments worth $100 million, according to a report from the Treasury Inspector General for Tax Administration (TIGTA). After issuing the payments, the IRS instructed anyone who received them to either repay the direct deposit or return the voided check, as they were made in error. But the federal judge ruled on September 24 that incarceration status doesn’t disqualify a person

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Europe Can Have Stimulus or Rule of Law, Not Both

This trap was laid in July. Under the moderation of Germany, which holds the rotating EU presidency, the 27 national leaders tentatively agreed to a groundbreaking budget-plus-stimulus deal to address the pandemic. Worth 1.8 trillion euros ($2.1 trillion) in total, the package includes 750 billion euros to be financed by the first “European” bonds ever issued, which is why it’s considered the germ of a future fiscal union. But it still has to be accepted by the European Parliament and ratified by all member states.

To get that initial agreement, its drafters added some vague wording about conditionality. The aim was to link any receipts of EU money to upholding the rule of law. Broadly defined, this term includes everything from an independent judiciary and a free press to other basics of liberal democracy, as enshrined in the EU’s treaties. Uncontroversial, you might think.

Those phrases entered the text to

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Wall Street economists are getting fed up with the government’s inability to agree upon more stimulus


  • Wall Street is finally accepting diminished chances for a near-term stimulus deal, and firms’ latest GDP forecasts reflect growing pessimism toward the economy’s chances without fresh aid.
  • Goldman Sachs halved its GDP growth forecast to 3% on Wednesday. JPMorgan followed suit one day after, cutting its estimate to 2.5% from 3.5%.
  • Morgan Stanley and Bank of America trimmed their expectations earlier in the month. All four of the Wall Street giants cited an absence of new fiscal relief for their gloomier outlooks.
  • Still, some hope for a spending package emerged Thursday. Treasury Secretary Steven Mnuchin said new stimulus is “still needed,” and top Democrats rolled out a new $2.4 trillion proposal that could be voted on as early as next week.
  • Visit the Business Insider homepage for more stories.

With the US economic recovery slowing and stimulus still stuck in a legislative deadlock, Wall Street is

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Government Stimulus Grants – How to Avail Obama’s Economic Stimulus Grants

Obama has launched one of the biggest packages in United States to help the worried homeowners. This government stimulus grants is set to fight the economic situation and help the person to live a care free life once again. It is worth $ 1 trillion and includes all the necessary expenditures of your daily life such as food, clothing, shelter, education, etc.

Whether you want to buy a house, renovate it or make an investment, Government Stimulus grants are available for you and you never have to pay these grants back. There are several Stimulus Grants for which you can apply easily such as Student grants, Women grants, Minority grants, etc. These are generally available for the low wage workers, the employed, the low income households, etc.

Here are some basic requirements of Government Stimulus Grants that need to be fulfilled by Individuals:

· One must be a citizen of … Read More

Government Stimulus Grants For Golf Carts – Get a Golf Cart Tax Credit From the Government

Don’t you just love golf, except for maybe the adulterous Tiger Woods or the long walks between holes? Well, there is not much that can be done about the Tiger Woods fiasco but as for that walk along the green, you can get government stimulus grants for free golf carts.

The government has put together thousands of different programs that are to benefit the American people, but many people have no idea that these programs exist. And for that reason, much of the money that was earmarked to help the citizens of this great country, gets unused.

But if you are lucky enough to find out about these grants, then you may have a shot at getting some of this cash. For example, the government has first time home buyer grants that can equal upwards of $15,000 in some states. In other states, you can receive upwards of $50,000 for … Read More