A billion-dollar program was launched on Tuesday aimed at helping struggling nuclear power plants to continue operating amid rising costs, the U.S. Department of Energy (DOE) announced. The $6 billion Civil Nuclear Credit Program will provide relief to owners or operators of nuclear power reactors that are expected to shut down due to economic circumstances, thus avoiding premature closure….
Biden Administration Launches $6 Billion Program to Save Struggling Nuclear Power Plants
Oil Could Surge to $185 a Barrel If EU Bans Russian Crude: JPMorgan
April 20, 2022
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Business & EconomycommoditiescrudeeconomyEuropeinflationInvestmentMarketsOilRussia-Ukraine WarUSWorld
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Analysts at JPMorgan have warned that a full and immediate ban on Russian oil imports into the European Union could drive the price of crude up to $185 per barrel. Natasha Kaneva, Head of Global Commodities Strategy at JPMorgan, said in a note cited by Bloomberg that if the E.U. decides to expand its limited embargo…
Elon Musk Talks Social Media Policy Amid Bid to Take Over Twitter
Billionaire Elon Musk appeared to share how he would improve Twitter’s performance on Tuesday amid his bid to take over the company. The Tesla CEO took to the social media platform to share his philosophy on social media policy, writing: “A social media platform’s policies are good if the most extreme 10 percent on left and…
Here’s Why Ethereum Looks Set for a Trend Change
Ethereum was trading almost 2 percent higher at one point on Tuesday, which caused the cryptocurrency to rise up above the April 16 high of $3,086.83, negating a downtrend pattern Ethereum had been trading in since April 3. Although Ethereum will need to print a higher low above Monday’s low of $2,880, the crypto has made…
Sunshine Biopharma Looks Ahead in COVID and Cancer Treatments
April 20, 2022
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Business & Economycancer treatmentCCP VirusCompaniesCovid treatmenteconomyHealth & SafetyLifestyleSunshine BiopharmaWorld
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Sunshine Biopharma Inc. might be living the concept of being in the right place at the right time. This Canadian company is currently focusing on three product lines—the SBFM-PL4 COVID-19 treatment, the Adva-27a anticancer compound, and the Essential 9 nutritional supplements—and each is moving forward with positive results. In February, the company successfully closed an…
Here’s Why Analysts Remained Bullish on Microsoft Despite Price Target Cut
Two analysts remained bullish despite slashing their price targets on Microsoft Corp. Citigroup analyst Tyler Radke maintained Microsoft with a Buy and lowered the price target from $386 to $355. Amidst rising investor concerns around the sustainability of robust software demand and valuation multiples, Citi analyst Tyler Radke expects MSFT’s results to demonstrate that commercial demand remains strong. While…
Hasbro Misses Profit Estimates, Warns of $100 Million Russia Hit
April 20, 2022
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Business & EconomyCompanieseconomic policieseconomyestimateEuropeHasbroInternationalMarketsprofitRussiaRussia-Ukraine WarUkraineUSUS NewsWorld
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Toymaker Hasbro Inc. on Tuesday missed Wall Street estimates for quarterly profit and warned of a potential revenue hit of about $100 million this year due to Russia’s invasion of Ukraine. Hasbro’s shares fell 2 percent to $81.80 in low-volume premarket trading as a jump in freight and raw material costs bit into the company’s…
IMF Cuts Global Growth Forecast Due to ‘Seismic Waves’ From Russia’s War in Ukraine
April 20, 2022
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BottlenecksBusiness & EconomyCompanieseconomic policieseconomyEuropeinflationInternational Monetary FundMarketsRussia-Ukraine WarUkraineWorld
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WASHINGTON—The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries. The war is expected to further increase inflation, the IMF said in its latest World Economic Outlook,…
Netflix Loses Subscribers for First Time in More Than a Decade Amid Increased Costs, Competition
Streaming giant Netflix has lost subscribers for the first time in more than 10 years, driven by factors such as increased competition, the ongoing conflict in Ukraine, and account sharing across non-paying households, the company announced on April 19. The American subscription streaming service told investors that it lost 200,000 members globally in the first three months of the…
No, Australian Commonwealth Bank Isn’t Tying With Any Exchange For Trading of Bitcoin or Any Crypto
April 20, 2022
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AustraliaAustralian Commonwealth BankbitcoinBusiness & EconomycryptocurrencydogecoinEthereumMarketsscamstocksWorld
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Australian Commonwealth Bank warned of a fake news article circulating on Meta Platforms, Inc’s Facebook and other social media platforms. The article alleges that the multinational bank has partnered with a trading platform in order to encourage people to invest in cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. The country’s top lender further added that it has reported the…
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