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    Australia’s central bank hints at larger interest rate hikes ahead The Reserve Bank of Australia hinted at further and possibly larger interest hikes ahead in its efforts to tame inflationary pressures, according to the minutes released from its latest meeting. “The Board agreed on the importance of returning inflation to target and expects to increase ...
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    U.S. President Joe Biden pictured in front of China and U.S. flags. Yuri Gripas | Reuters U.S. President Joe Biden told Asian leaders on Sunday that U.S. lines of communication with China would stay open to prevent conflict, as the first of three summits of world leaders this week came to a close. Addressing the ...
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    European markets jumped on Thursday afternoon after October’s reading of U.S. consumer prices offered hope that inflation stateside has peaked. The pan-European Stoxx 600 closed 2.8% higher after the CPI print was published. Tech stocks ended up 7.6%, leading gains as the majority of sectors and all major bourses closed in positive territory. Oil and ...
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    The Queensboro Bridge spanning the East River in New York City.Photo: Roy Rochlin (Getty Images) In late January, the Fern Hollow Bridge in Pittsburgh collapsed on the same day President Joe Biden was scheduled to speak in the same city to promote the Bipartisan Infrastructure Law. The coincidental timing of the collapse that injured ten ...
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    President Joe Biden says his policies will lead to the creation of tens of thousands of good-paying manufacturing jobs. His claims are a fantasy. Because of the comparative advantage in energy, the U.S. manufacturing sector, which tends to be energy intensive, has the potential to be an engine of growth for the U.S. economy . ...
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    SALMON, Idaho (AP) — Officials with an Australian company’s newly opened cobalt mine in east-central Idaho say it could soon produce enough of the key ingredient in lithium batteries to build 400,000 electric vehicles annually. Officials with Jervois Global Limited held an opening ceremony last week at the remote, underground mine located in the Salmon ...
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    Canopy Growth operations in Smiths Falls, Ontario. Tom Franck | CNBC Canopy Growth applauded President Joe Biden’s announcement Thursday that he will pardon thousands of people convicted of marijuana possession. “Today represents action from the Administration that we have been waiting for – an acknowledgement that cannabis prohibition has failed and that too many lives have ...
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    AFP via Getty Images Key takeaways The Inflation Reduction Act funds billions in clean energy credits to promote the development and advancement of green tech The goal is to reduce inflation and carbon emissions while increasing domestic clean energy production The IRA’s clean energy credits provide a tremendous boon for green energy investors – if ...
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    “As climate change drives harsher heat waves, more volatile weather and record drought conditions, we are seeing wildfire seasons turn to wildfire years, threatening communities, businesses, wildlife and the environment,” Tommy Beaudreau, deputy secretary of the Interior, said in a news release. “Through President Biden’s Bipartisan Infrastructure Law, we are investing in Utah communities, advancing ...
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    Topline Major freight rail companies and unions have struck a tentative deal to avert a damaging national rail strike, President Joe Biden announced early Thursday morning, a boon for his administration ahead of midterm elections and for the U.S. economy, which risked being crippled by widespread industrial action. A tentative deal has been reached to ...