Photo (c) No Derog - Getty ImagesThe August Consumer Price Index (CPI) may prove to be a double whammy for people on Social Security. Not only is inflation continuing to erode their buying power, but it might also produce a lower than expected Social Security cost of living adjustment (COLA) next year.
The Senior Citizens League (TSCL) has revised its estimate for the 2023 COLA and has reduced it from its earlier 9.6% to 8.7% – which would still be the largest increase in decades.
The problem, says Mary Johnson, TSCL’s Social Security and Medicare policy analyst, is that the Social Security COLA is not based on the CPI, but rather the CPI-W, which declined last month. CPI-W is a monthly measure of the average change over time in the prices paid by urban wage earners and clerical workers for a market basket of consumer goods and services.
“After evaluating the August consumer price data, what I’m finding clearly illustrates the weakness in our inflation adjustment system for Social Security,” Johnson said in an update to members.
CPI-W went down last month
She notes that while the Labor Department’s CPI went up 0.1% in August, the CPI-W decreased by 1.10 percentage point year over year to 8.7%. Johnson said that reduction will likely have a big impact on Social Security recipients. She offered a quote from a longtime reader of her newsletter.
“There’s a “progressive loss of buying power of 40%, despite the SS COLA, since 2000,” the retiree wrote. “(That’s) 10% from 2021-2022 alone. This means we have lost (almost) half our real income in face of COLAs.”
Another headwind for people who depend on Social Security is the rising cost of health care, which will rise even faster in an inflationary environment. Medicare premiums will undoubtedly increase in 2023 and are deducted from seniors’ Social Security payments.
Greater emphasis on gasoline prices
Johnson says one of the biggest issues in using the CPI-W to calculate the Social Security COLA is the fact that it does not track the spending of retired households aged 62 and up and gives greater weight to gasoline and transportation costs.
“A significant drop in gasoline prices (in August) played an outsized role in why my COLA estimate has dropped,” Johnson said. “It’s important that the public understand that to fight inflation the administration temporarily lifted the 18.3 cents per gallon federal tax on gasoline for 90 days. That period started in July and ends in September, the same third quarter period that is used to calculate the COLA.”
Johnson said Social Security recipients don’t typically buy a lot of gasoline since they are no longer commuting the work. Rather, she says seniors are more likely to spend on healthcare, housing, and food – all of which went up a lot in August.
Ford has transformed the nation's best-selling pickup truck into a quick and capable EV. We share our first impressions of the 2022 Ford F-150 Lightning, and discuss its prodigious power, swift acceleration, strong towing capability, and impressive electric range. We also talk about whether the new Lighting is a truck for the new, greener era. Plus, we help an audience member with some tire-buying advice and explain the importance of changing out your car's summer tires when the weather starts getting frigid.
Join CR at https://CR.org/joinviaYT to find out how products scored in CR’s rigorous lab tests—and to access our comprehensive ratings for items you use every day—become a member. CR is a mission-driven, independent, nonprofit organization.
-----------------------------------
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SHOW NOTES
-----------------------------------
00:00 - Introduction
00:15 - First Impressions: 2022 Ford F-150 Lightning
15:06 - Question: At what temperature should you change your car’s summer tires for all-season?
----------------------------------
Smokin’ Fast 2022 Ford F-150 Lightning Ushers in a New Era of EV Pickup Trucks
https://www.consumerreports.org/hybrids-evs/2022-ford-f-150-lightning-review-a4084273266/
Which EVs Qualify for the New Electric Vehicle Tax Credit? It’s Complicated
https://www.consumerreports.org/cars/hybrids-evs/electric-vehicles-that-qualify-for-new-ev-tax-credit-a9310530660/
2022 Rivian R1T Electric Pickup Truck Wows Us as It Lives Up to the Hype
https://www.consumerreports.org/hybrids-evs/2022-rivian-r1t-electric-pickup-truck-review-a3029848158/
Guide to Car Safety
https://www.consumerreports.org/cars-guide-to-car-safety/
-----------------------------------
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Rodents?! In cars?! Stay calm and follow these tips for keeping them away. Learn more at https://CR.org/ProtectCarFromRodents. Join CR at https://CR.org/joinviaYT to find out how products scored in CR’s rigorous lab tests—and to access our comprehensive ratings for items you use every day—become a member. CR is a mission-driven, independent, nonprofit organization.
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With the cold season just around the corner, we share vital tips on preparing your vehicle for driving in wintry conditions, including checking and maintaining the proper tire pressure, the state of your car's battery charge, and topping off appropriate fluids. Also, we inspire a young mechanical engineering student with personal stories of how we advanced in our own automotive careers and give advice regarding future opportunities. And we welcome a special guest to the show this week, Consumer Reports' President and CEO Marta Tellado, as she shares the insights and inspiration contained in her new book, "Buyer Aware," available in stores on September 20th.
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SHOW NOTES
-----------------------------------
00:00 - Introduction
00:15 - Preparing Your Car For The Winter Season
10:02 - Question: What career opportunities are available for a mechanical engineer in the automotive industry?
16:44 - Special Guest: Consumer Reports’ President and CEO Marta Tellado
----------------------------------
Winter Driving Tips
https://www.youtube.com/watch?v=yLtakpDFGtU
6 Safety Sensors to Clean on Your Car
https://www.youtube.com/watch?v=MDpdorEOeUc
Essential Winter Driving Tips
https://www.youtube.com/watch?v=HIWVRbr15ek
Prep Your Car for Winter
https://www.youtube.com/watch?v=U3rczMZsN0g
Safe Winter Driving
https://www.youtube.com/watch?v=Svc0BCK8ToM
If You have to Drive in the Winter, Follow These 9 Safety Steps
https://www.consumerreports.org/winter-driving/if-you-have-to-drive-in-winter-follow-these-safety-steps-a7843645782/
What to Pack in a Car Emergency Kit for Your Holiday Road Trips
https://www.consumerreports.org/cars-car-emergency-kits-for-winter-holiday-road-trips/
Buyer Aware
https://buyeraware.consumerreports.org/
Guide to Car Safety
https://www.consumerreports.org/cars-guide-to-car-safety/
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Here's what to do when the air coming out of your vents smells like a sweaty sock 😩.
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The new Nissan Z is here, and many people said we should have bought it instead of our GR86. So we set out with both cars, plus the prior gen 370z, to see what's new, what's better, and where we should have put our money.
00:00 - 1:20 Isn't this a Z car film?
1:20 - 2:20 Waiting for the Z car.
2:20 - 4:05 What we know for sure
4:05 - 6:36 On the bones of those before
6:36 - 10:29 Better than the 370z?
10:29 - 11:46 Can't believe this exists
11:46 - 13:06 Not alone, and not cheap
13:06 - 17:08 Can the 86 compete?
17:08 - 18:27 RTV and engine failures
18:27 - Should we have bought the Z instead of the 86?
This TV episode first premiered on MotorTrend cable channel in July of 2022, and is also available on Amazon Prime Video.
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The guys drive variations of the GR Corolla on track at Utah Motorsports Campus! A 3-cylinder, 300HP, AWD manual-transmission hatchback with selectable torque distribution and aggressive styling? And it's built for track use? What's not to like?
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When the opportunity arises to put the Porsche Cayman GT4 RS with the 991.2 GT3RS and the 992 GT3, the right response is "Where do I meet you?".
On our most recent trip to Europe, we had this opportunity thanks to our friends at RSR Nurburg and Spa. Back to back in each car on the road and track creates some surprising realizations. These are the hottest Porsche models, but which one is the best?
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00:00 – 2:30 Engine Swaps and 40 percent
2:30 – 7:50 The Organ Donor: 992 GT3
7:50 – 12:33 The Cayman GT4RS raids the parts bin
12:33 – 15:52 Track Reference in the GT3RS
15:52 – 19:18 Big Brother has double wishbones
19:18 – 24:14 Little Brother might surprise you
24:14 – Picking favorites
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Audi and Mercedes have both offered Electric variants, but are just beginning to offer dedicated EV chassis to compete in the move toward electrics. We drive the E-Tron GT and the EQS to see if they push these historic brands forward or fall short.
00:00 - 2:23 Origin Stories
2:23 - 10:22 Audi e-tron GT
10:22 - 18:09 Mercedes EQS
18:09 - Moving or Stumbling forward
This TV episode first premiered on MotorTrend cable channel in July of 2022, and is also available on Amazon Prime Video.
#Etrongt #Eqs #mercedes #audi
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Published: 25th Aug 2022 10:06:00 By: EverydayDriver
Car Video: GR86 vs BRZ vs GT86 - Decisions, Decisions | Everyday Driver
We bought a 2022 Toyota GR86 and many have asked us why not the 2022 BRZ? And are they much different than the prior generation car, the GT86? So, we grabbed a BRZ and a prior generation Hakone edition GT86 and went in search of some great roads. There are some surprises, some confirmations, and a lot of fun driving.
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00:00 – 1:10 The same, but different
1:10 – 2:05 Origins, Friends and Enemies
2:05 – 4:50 1st Generation Hakone, and things to improve on
4:50 – 8:02 2nd Generation GR86, changes and improvements
8:02 – 11:47 Subaru BRZ - “You didn’t change much?”
11:47 – 13:04 This feels faster
13:04 – 14:58 Comfort or Precision
14:58 – 16:05 What are you looking for?
16:05 – 17:43 Debating trims and nuance
17:43 – Making the right choice
This TV episode first premiered on MotorTrend cable channel in Jan of 2022, and is also available on Amazon Prime Video.
#gr86 #brz #gt86 #comparison
We'll post another TV episode from one of our past seasons, every month, right here on YouTube.
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Published: 11th Aug 2022 06:58:47 By: EverydayDriver
Product Review Video: Google Pixel 7 Pro Reveal Event Watch Party
Google Pixel 7 Pro Event Watch Party. Expect Google to reveal all-new Pixel phones, Pixel Watch, and possibly an update to Google Nest products.
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Published: 4th Oct 2022 06:37:30 By: CNET
Product Review Video: iPhone 14 Pro’s Action Mode Could Replace Your GoPro
We put the iPhone 14 Pro's Action Mode to the test and compare it to the GoPro Hero 11.
Check out the cameras here 👇
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Published: 4th Oct 2022 12:00:10 By: CNET
Product Review Video: Pixel 7 Pro Event: Everything to Expect From Google
Google is set to unveil the Pixel 7 lineup and the Pixel Watch. Here's what we know so far about those long-awaited gadgets.
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Published: 3rd Oct 2022 07:00:23 By: CNET
Product Review Video: Xwing Autonomous Airplane: My First REAL Flight was Exciting!
Startup Xwing is developing an autonomous plane it hopes to put into service by 2025. CNET's Andy Altman took a ride in Xwing's experimental aircraft.
CHAPTERS
00:00 Xwing's Experimental Self-Flying Plane
1:10 Autonomous Takeoff
2:18 Autopilot Today
3:02 How Superpilot Works
5:23 The History of Xwing
6:08 The Future of Autonomous Cargo Flights
8:16 Autonomous Landing
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Published: 2nd Oct 2022 12:00:30 By: CNET
Product Review Video: Amazon Must Haves Under $150
Fun new tech and gadgets you can get on Amazon under $150.
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CHAPTERS:
00:00 Amazon Must Haves Under $150
00:50 Volume controller
02:03 Wireless Lavalier Microphone
03:20 Polaroid Lab Photo Printer
04:26 BenQ ScreenBar Monitor Light
05:37 Laptop Power Bank & Car Jump Starter
06:29 TREBLAB Z2 Headphones
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Published: 1st Oct 2022 04:00:08 By: CNET
FTC Video: The Community Advocate Center on ReportFraud.ftc.gov | Federal Trade Commission
Sign up to connect your community with fraud resources at: https://reportfraud.ftc.gov/community
When you sign up to be a Report Fraud Community Advocate, your organization will get:
- A custom Community Advocate link that you can use to submit reports on behalf of your clients
- Next steps tailored to your client's report to try to recover money lost
- Aggregated data and statistics about the reports submitted through your organization's link
- Periodic emails about reporting trends in your geographic area
- Access to training videos, learn about upcoming webinars, and consumer education resources
Transcript:
At the Federal Trade Commission, we’re proud of the work we’ve done with legal services organizations. I want to tell you about the latest way we’re working together to help protect your clients.
The Community Advocate Center, we hope, is a tool that will make it easier for you and your colleagues to help clients report fraud to the FTC.
If you become a Report Fraud Community Advocate, you’ll get a custom link that lets you submit reports to the FTC on behalf of your clients.
This does two things: first, it flags the reports so our investigators can look closely at them as they build cases.
Second, it aggregates the reports into data that we can feed back to you about the reports your organization submitted. Which can be helpful for grant writing.
As you move through the reporting process, you’ll get some next steps tailored to your client’s experience, with a focus on getting their money back, whenever possible.
And, of course, by helping your clients report, you’re helping stop fraud in your community.
Learn more and sign up at ReportFraud.ftc.gov/community.
If it’s been a while since you’ve reported to the FTC, things have changed and gotten easier than ever. Check out ReportFraud.ftc.gov to see how easy it is to report a scam or bad business practice now.
Every day, we all work to help people affected by scams and bad business practices. I hope the Report Fraud Community Advocate Center helps you help your clients.
Knowing what’s happening in your community matters to us.
Get started at ReportFraud.ftc.gov/community.
And, if this was useful, please like and share it in your network.
******************
The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.
Comment Moderation Policy
We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that:
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or
5) include personal information, like home addresses
Scammers are following the headlines about economic impact payments. Know how to spot and avoid the scams to keep your money and information to yourself. Learn more at https://ftc.gov/coronavirus.
**********************************
Transcript:
Hi, I’m Becca Kelly Slaughter, Acting Chair of the Federal Trade Commission, the nation’s consumer protection agency.
You’ve probably heard the great news that the American Rescue Plan is now law. That means lots of people will soon be getting desperately-needed economic impact payments—some folks call them stimulus payments—of up to fourteen hundred dollars.
Many of you have been here before, so you know these funds will come through direct deposit, check, or debit card.
But we here at the FTC would like to remind you that scammers follow the headlines, too. So here are a few sure ways to spot a scammer trying to take your money or personal information.
First, know that nobody in the government will ask you to pay anything up front to get your economic impact payment. There’s no way to get your payment faster, and there’s no form to fill out. That’s simply a scam.
Second, the government will not call, email, text, or message you on social media to ask for your Social Security, bank account, or credit card number. Anyone who does is a scammer.
Third, anyone who tells you to pay by money transfer, gift card, or cryptocurrency is a scammer. No matter WHY they say you need to pay.
If you spot these scams, tell the FTC at ReportFraud.ftc.gov. Every report helps us try to stop scammers.
And let me say a word to would-be scammers: the FTC will use all of its enforcement authority to come after bad actors who try to take advantage of people anxiously awaiting relief.
To learn more about avoiding pandemic-related scams, visit FTC.gov/coronavirus. And help us spread the word. Share these tips and this video through your network. Thanks for helping us protect people from scams.
**********************************
The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.
Comment Moderation Policy
We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that:
1) contain spam or are off-topic
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Published: 12th Mar 2021 03:59:11 By: FTCvideos
FTC Video: Cómo evitar estafas de ingresos | Federal Trade Commission
Aprenda a detectar propuestas de negocios, programas de asesoría y oportunidades de inversiones que son estafas y cómo evitarlas. Para aprender más visite https://ftc.gov/estafasdeingresos
***********************************
The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.
Comment Moderation Policy
We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that:
1) contain spam or are off-topic
2) use vulgar language or offensive terms that target specific groups or contain personal attacks
3) are sales pitches or promotions
4) have urls or links to commercial sites
4) spread clearly misleading or false information
or
5) include personal information, like home addresses
Published: 14th Dec 2020 04:05:45 By: FTCvideos
FTC Video: How to Avoid Income Scams | Federal Trade Commission
Learn about scams disguised as legitimate business offers, coaching programs, and investment opportunities and how to avoid them. Learn more at https://www.ftc.gov/incomescams.
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The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.
Comment Moderation Policy
We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that:
1) contain spam or are off-topic
2) use vulgar language or offensive terms that target specific groups or contain personal attacks
3) are sales pitches or promotions
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4) spread clearly misleading or false information
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5) include personal information, like home addresses
Published: 14th Dec 2020 04:04:51 By: FTCvideos
FTC Video: Cómo Reportar Fraude en ReporteFraude.ftc.gov | Federal Trade Commission
Este video demuestra cómo reportar fraude, estafas, y malas prácticas comerciales a la Comisión Federal de Comercio (Federal Trade Commission, FTC) en https://ReporteFraude.ftc.gov y por qué es importante hacerlo.
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The Federal Trade Commission deals with issues that touch the economic life of every American. It is the only federal agency with both consumer protection and competition jurisdiction in broad sectors of the economy. The FTC pursues vigorous and effective law enforcement; advances consumers' interests by sharing its expertise with federal and state legislatures and U.S. and international government agencies; develops policy and research tools through hearings, workshops, and conferences; and creates practical and plain-language educational programs for consumers and businesses in a global marketplace with constantly changing technologies.
Comment Moderation Policy
We welcome your comments and thoughts about the information on this page. If you do have something to say, please be courteous and respectful to other commenters. We won't routinely review any comments before they are posted (except for ones that contain urls and profanity), but we will delete any comments that:
1) contain spam or are off-topic
2) use vulgar language or offensive terms that target specific groups or contain personal attacks
3) are sales pitches or promotions
4) have urls or links to commercial sites
4) spread clearly misleading or false information
or
5) include personal information, like home addresses
Published: 5th Nov 2020 03:59:43 By: FTCvideos
DIY Video: The Flower Farming Family | GARDEN | Great Home Ideas
Flower farming can be a tricky business. Dealing with drought, bushfires and not to mention the recent pandemic shutting farmers markets. But when Joh meets the Padovano family who run a flower farm near the Southern Highlands, she finds a family just like their flowers; resilient and blooming.
Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5
Published: 4th Oct 2022 10:15:03 By: Great Home Ideas
DIY Video: Make Your Own Charred Outdoor Table | DIY | Great Home Ideas
A few weeks ago, Adam transformed a blonde brick bbq area with a coat of black paint and a Japanese inspired outdoor coffee table. Well, this week he’ll show you how to make that coffee table, but it will take more than just a coat of black paint to achieve this charred look.
Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5
Published: 3rd Oct 2022 10:00:03 By: Great Home Ideas
DIY Video: Classic Tiramisu | FOOD | Great Home Ideas
Karen's going to show you how to make a classic tiramisu with a ready made sponge cake. With lots of layers of cream, chocolate and coffee there's no denying why it's a world famous dessert.
Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5
Published: 2nd Oct 2022 09:45:00 By: Great Home Ideas
DIY Video: Tips For Creating the Kitchen of Your Dreams | HOME | Great Home Ideas
There’s a lot of things to consider when creating your new kitchen, so before you start, watch these great tips from Pete and make the kitchen of your dreams a reality.
Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5
Published: 1st Oct 2022 11:15:01 By: Great Home Ideas
DIY Video: Nutmeg Figs with Mint Pistachio Sugar & Custard | FOOD | Great Home Ideas
There’s a lot of reasons to love Ed’s fig and pistachio custard desert dish; there’s the intense flavours of the figs, the rich colours, the seasonal taste and the texture of the pistachios. But best of all, it’s so easy to make, you’d barely even call it cooking!
Welcome to Great Home Ideas, where you’ll find inspiring home makeovers, delicious recipes, quick & easy DIY projects, design & gardening ideas, plus hints, tips, how tos and advice on pets, health, tech and more. Check out our channel & subscribe to see more videos like this one every day of the week. Click here to subscribe: https://bit.ly/3hxN7d5
Published: 30th Sep 2022 11:30:10 By: Great Home Ideas
Business Video: Fed Will Be Talking Tough For Some Time Yet: Nomura’s Subbaraman
Rob Subbaraman, head of global markets research at Nomura, discusses Federal Reserve policy, who will see a hard landing versus a soft landing and his outlook for China’s economy. He speaks on Bloomberg Television.
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Published: 5th Oct 2022 05:24:14 By: Bloomberg Markets and Finance
Business Video: JPMorgan Asset Management Has Been Net Short U.S. Treasuries: Liang
Jonathan Liang. head of investment specialists, Asia ex-Japan, global fixed income, currency and commodities group at JPMorgan Asset Management, discusses Federal Reserve policy and its implications for financial markets. He speaks with Yvonne Man and David Ingles on "Bloomberg Markets: China Open."
Published: 5th Oct 2022 02:52:24 By: Bloomberg Markets and Finance
Business Video: New Zealand Central Bank Hikes Rates Half a Point for Fifth Straight Time
The Reserve Bank of New Zealand raised its key interest rate by 50 basis points to 2.50% as expected by most economists surveyed by Bloomberg. Kathleen Hays reports on Bloomberg Television with David Ingles and Yvonne Man.
Published: 5th Oct 2022 01:58:15 By: Bloomberg Markets and Finance
Business Video: Trump Turns to Supreme Court in Documents Fight
Former President Donald Trump is asking the US Supreme Court to intervene in the fight over government papers at his Mar-a-Lago home. Jodi Schneider reports on Bloomberg Television.
Published: 5th Oct 2022 12:03:06 By: Bloomberg Markets and Finance
Business Video: Oil Extends Rally in NY as OPEC+ Mulls Largest Output Cut Since 2020
Oil is trading lower in the Asian session after jumping above $86 in New York trading. OPEC+ said it was considering cutting its production limit by as much as 2 million barrels a day. That's double what was previously anticipated. Sheela Tobben reports on Bloomberg Television.
Published: 4th Oct 2022 11:39:13 By: Bloomberg Markets and Finance
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