Category Archives:
Automakers scramble to decode new U.S. EV tax credits
By David Shepardson and Joseph White WASHINGTON (Reuters) - U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles ...
Aug 12, 2022
Fed’s Barkin: Rates need to rise further to get inflation to 2%
(Reuters) - Richmond Federal Reserve Bank President Thomas Barkin on Friday said he wants to raise interest rates further to bring inflation under control, and will watch U.S. economic data to decide ...
Aug 12, 2022
U.S. consumer sentiment up more than expected in August, survey shows
(Reuters) - U.S. consumer sentiment ticked further up in August from a record low earlier this summer, and American households' near-term outlook for inflation eased again on the back of tumbling gaso...
Aug 12, 2022
Biotech stocks pin bounce back hopes on M&A boost
By Amruta Khandekar and Leroy Leo (Reuters) - Plunging valuations have made biotech companies tempting acquisition targets for cash-rich Big Pharma and a flurry of deals is just what the battered sect...
Aug 12, 2022
Biden admin announces $3 billion in FEMA climate resilience funding
By Timothy Gardner WASHINGTON (Reuters) - The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, ext...
Aug 12, 2022
Sky-high energy costs to fan fire under aluminium and zinc prices
By Peter Hobson LONDON (Reuters) - Slowing economic growth is weighing on industrial metals prices but zinc and aluminium are likely to outperform if sky-high energy prices force European smelters to ...
Aug 12, 2022
U.S. heightens export controls on advanced chip, gas turbine engine technologies
WASHINGTON (Reuters) - The United States has decided to strengthen export controls on technologies for advanced semiconductors and gas turbine engines that it deems essential to its national security,...
Aug 12, 2022
Brazil’s central bank chief says credit card will cease to exist soon
BRASILIA (Reuters) - Brazil's central bank chief Roberto Campos Neto on Friday said he believes credit cards will cease to exist soon due to the growth of the open finance system, through which client...
Aug 12, 2022
U.S. equity funds notch up biggest weekly inflow in seven weeks
(Reuters) - Investors were net buyers of U.S. equity funds in the week to Aug. 10, on bets that the Federal Reserve would slow the pace of its interest rate hikes as inflation concerns subside. Refini...
Aug 12, 2022
Dutch detain suspected developer of crypto mixer Tornado Cash
AMSTERDAM (Reuters) - Dutch authorities on Friday said they had arrested a 29-year-old man believed to be a developer for the crypto mixing service Tornado Cash, which the United States put on its san...
Aug 12, 2022
Peoria, IL, USA
56 °F Mist
