PHOENIX—Arizona remains on track, at least for now, to use the death penalty for the first time in nearly eight years in an execution in which a condemned prisoner is being given the option of being put to death by the gas chamber—a method that hasn’t been used in the United States in decades. Clarence…
Fed’s Evans: Comfortable With Two 50 Bps Point Increases
Chicago Federal Reserve Bank President Charles Evans said Tuesday that he’s “comfortable” with a round of rate hikes this year that includes two 50 basis-point increases and reaches a neutral setting by year end, but he does not see the need for bigger hikes. “We should be looking for clear progress of easing inflationary pressures…
Fed’s Bostic Says Slowing Global Growth a Reason for Fed to Be ‘Cautious’: CNBC
WASHINGTON—The potential for a global economic slowdown is the reason for the Fed “to be cautious” as it raises interest rates in coming months, Atlanta Fed President Raphael Bostic said in comments Tuesday to CNBC. “I don’t think it is easy to know for sure how strong the economy is going to continue to be…
Continental Restarts Tyre Making at Russian Plant to Protect Workers
April 21, 2022
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Business & EconomyCompaniesContinentaleconomic policieseconomyEuropeMarketsRussiaRussia-Ukraine WarsanctionsUkraineWorld
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FRANKFURT—German car parts supplier Continental AG has temporarily resumed tyre production for passenger cars at its Russian plant in Kaluga, it said on Tuesday, to protect local workers who could otherwise face criminal charges. Continental said the move was aimed at meeting local demand and in line with sanctions imposed on Moscow for its invasion…
US FDA Issues Warning to Companies Selling Unapproved Skin Lightening Products
The U.S. Food and Drug Administration (FDA) said on Tuesday it sent warning letters to twelve companies for selling certain over-the-counter (OTC) skin lightening products that have not been approved by the agency and pose safety risks. The products from companies including M & M Beauty and Wellness, Ultimark Products, and Genomma Lab USA contain…
Analyst Cuts Price Target on Shopify but Still Sees 37 Percent Upside: What You Should Know
Shares of Shopify, Inc. have shed about 58 percent value since the start of the year and an analyst at Piper Sandler is pointing towards incremental risk for the Canadian ecommerce company over the remainder of the year. The Shopify Analyst Brent Bracelin maintained an Overweight rating on Shopify shares but reduced the price target from $900 to $800, implying…
Rolls-Royce Expecting UK Approval for Mini Nuclear Reactor by Mid-2024
A Rolls-Royce design for a small modular nuclear reactor (SMR) will likely receive UK regulatory approval by mid-2024 and be able to produce grid power by 2029, Paul Stein, chairman of Rolls-Royce Small Modular Reactors, told Reuters. The British government asked its nuclear regulator to start the approval process in March, having backed Rolls-Royce’s $546…
Elon Musk Becomes a Freedom of Speech Hero
April 20, 2022
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AustraliaBig Tech, Censorship, and SocialismElon MuskFacebookFeatured TopicsmetaOpinionSilicon ValleyTwitterUSViewpointsWorld
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Commentary The richest man in the world has decided to use some of his vast fortune to promote free speech in a real and practical way. Elon Musk has literally put his money where his mouth is. Musk is prepared to use part of his fortune to transform Twitter into a vehicle for free speech….
Biden Admin Renews Environmental Rules Rolled Back by Trump
The White House announced this week it’s restoring environmental regulations scaled back during the Trump administration. In 2020, then-President Donald Trump moved to roll back provisions in the Nixon-era National Environmental Policy Act (NEPA) in an effort to cut red tape and make it easier to complete infrastructure projects. “The United States can’t compete and…
What We Can Learn From Japan About the Real Economic Risks to the World
April 20, 2022
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AnalysisBusiness & EconomyBusiness Columnistseconomic policieseconomyinflationJapanOpinionViewpoints
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Commentary The economy is red-hot, at least according to most. After all, why else would the U.S. Federal Reserve publicly announce a near-historic rush to hike its benchmark rates? Consumer prices have been painfully rampaging for a year, and the stated purpose of hiking is to cool everything down in order to regain control over…
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