Toyota is dumping the big V8 engine in the latest redesign of its Tundra full-size pickup truck, a bold move in a market that likes big, powerful engines. The 381 horsepower, 5.7-liter V8 will be replaced by a base 389 horsepower 3.5-liter twin-turbo V6 or an optional gas-electric hybrid system with 437 horsepower. The change…
Mexican Authorities Begin Transporting Haitians From US Border
September 21, 2021
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Mexican authorities on Tuesday began removing Haitians away from the U.S. border on prepared flights and buses, assisting the United States in its large-scale expulsion efforts, authorities said. Thousands of Haitians who had amassed under and near a bridge in Del Rio, Texas, about 60 miles northwest of Piedras Negras and Eagle Pass, in recent…
Japan’s MUFG to Exit US Retail Banking in $8 Billion Deal With US Bancorp
September 21, 2021
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TOKYO—Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sales of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry consolidation squeeze out smaller lenders. The deal includes $5.5 billion in cash and $2.5 billion worth of shares that will give Japan’s biggest lender a…
Investors Grappling With Evergrande Fallout Weigh Risk of Wider Pain
September 21, 2021
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NEW YORK—Investors unnerved by the fallout from heavily indebted Chinese real estate company Evergrande were gauging the potential for a wider shakeout after a selloff hit stocks around the world. For now, many U.S.-based investors believe there is little chance that the woes of Evergande, China’s second-largest property developer, could morph into a systemic crisis…
Canadians Have High Debt Loads, and Most of It Is for Housing
Canadians are spending record amounts on housing, putting themselves at much higher risk than before should home prices collapse or interest rates rise. Canada’s seasonally adjusted annual rate of residential investment, which includes home construction, significant renovations, and ownership transfer costs, hit $249.3 billion in the second quarter of 2021, with $67.9 billion spent during…
Is COVID-Deaths Data Being Manipulated for Profit? Doctor Sues University Over Mandatory Vaccine Policy
September 21, 2021
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Should people who have recovered from COVID-19 and are naturally immune be expected to get vaccinated? Dr. Aaron Kheriaty, professor of psychiatry and behavioral science at the University of California–Irvine, is adamant that they should not. He’s suing the school system’s president and Board of Regents over its coronavirus vaccination mandate. “I’m going to be…
Shell Exits Permian With $9.5 Billion Texas Shale Sale to ConocoPhillips
September 21, 2021
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Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition. For ConocoPhillips, it is the second sizable acquisition in a year in the heart of the…
Live Q&A: China’s Looming Economic Disaster to Hit US; Agenda Advances to End US Single Family Homes
September 21, 2021
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China Evergrande Group has crossed the three “red lines” of the Chinese regime’s regulations on real estate companies. As it drifts closer to bankruptcy, the Chinese and global economy are likewise facing a market disaster. And in other news, there’s a new regulatory campaign in the United States that aims to do away with single…
House Passes Stopgap Bill to Avert Government Shutdown, Suspend Debt Limit
The House of Representatives voted late Tuesday to pass a bill that would avert a government shutdown and fund it through Dec. 3, as well as suspend the debt limit until after the 2022 election. The 220–211 vote in the Democrat-majority chamber was on party lines. The bill now faces a tough hurdle in the Senate,…
House Passes Stopgap Bill to Avert Government Shutdown
The House of Representatives voted late Tuesday to pass a bill that would avert a government shutdown and fund it through Dec. 3, as well as suspend the debt limit until after the 2022 election. The 220-211 vote in the Democrat-majority chamber was on party lines. The bill now faces a tough hurdle in the Senate,…
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