LONDON—The dollar edged lower on Monday as traders stayed on guard ahead of policy decisions this week from several central banks, including the Federal Reserve, who are expected to keep interest rates on hold for the first time since January 2022. Monetary policy meetings of the Fed, the European Central Bank (ECB) and the Bank…
Oil Prices Fall, US Fed Rate Decision in Focus
LONDON—Oil prices fell $2 on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank’s appetite for further rate hikes, while concerns about China’s fuel demand growth and rising Russian crude supply weighed on the market. Brent crude futures fell $1.91, or 2.5 percent, to $72.88 a barrel by…
European Stocks Rise Ahead of Inflation Data, Central Bank Meetings
June 12, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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LONDON—European stocks rose in early trading on Monday and world stocks were just below 13-month highs ahead of key inflation data and U.S. Federal Reserve and European Central Bank meetings later in the week. After lacking direction during Asian trading, market sentiment picked up in early European trading, as investors waited for U.S. CPI data…
Australian Greens Refine Demands on $10 Billion Housing Fund
June 12, 2023
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AustraliaAustralian GreensBusiness & Marketseconomic policieshousingJim Chalmersmax-chandler matherWorld
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The Greens are holding firm on their demands for renters as talks continue on the federal government’s proposed multibillion-dollar housing fund. Crunch time is approaching for the government’s $10 billion housing future fund legislation, which is due to hit the Senate during the upcoming sitting fortnight. The $10 billion would be invested to generate returns…
3D-Printed Homes Hit the Market in Texas
A housing project has put up 3D-printed homes for sale in the Austin region, which is said to be the first such project in the United States. The project, first announced by construction startup Icon last year, is being built at Wolf Ranch, a master planned community in the city of Georgetown, Texas, located 25 miles…
Tesla Is the New Energy Infrastructure Company
News Commentary Detroit rivals General Motors and Ford Motor Company both announced that they signed deals to use Tesla’s supercharger network in North America starting next year. Existing owners of Ford and GM electric vehicles (EV) can soon begin accessing Tesla’s massive supercharger network that uses the company’s North American Charging Standard (NACS) connector with…
Bartender Company CEO Reveals ‘Significant Shift’ That’s Hitting Bud Light
June 11, 2023
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Big Tech, Censorship, and SocialismBusiness & MarketsCompaniesCracker barrelFeatured TopicsSocial IssuesTargetUSUS News
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Demand for Bud Light has significantly declined in recent weeks in the midst of a boycott against the company for producing a can with a transgender influencer’s face on it, according to a mobile bartending company founder. “There has been a ‘significant shift’ in consumer preferences,” Catarina Tucker, the founder of Barnastics, told Fox News….
Power Bills to Jump by Almost 30 Percent in One Australian State
Regional Queenslanders are set to feel the most pressure on their power bills as the highest power price increase of almost 30 percent was announced. The Queensland Competition Authority (QCA) released the final decision on regulated real electricity prices on June 9, with the price increase starting from July 1. The households in regional Queensland…
New Mexico Reaches $500 Million Settlement With Walgreens in Opioid Case
June 10, 2023
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AddictionBusiness & MarketsCompaniesCrime & Public Safetyfentanyl painkillersNew MexicoOpioid epidemicRegional & State NewsState NewsUSWalgreens
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New Mexico has settled with Walgreens for $500 million over the pharmacy’s role in giving highly addictive prescription opioid painkillers without due attention to prescriptions raising concerns for drug abuse and addiction. Opioids include legal painkillers such as OxyContin, and various forms of the drug fentanyl. Fentanyl, a highly addictive and potent synthetic opioid, was…
One of America’s Oldest Restaurants Faces Backlash for Celebrating Pride Month
Popular American restaurant chain Cracker Barrel Old Country Store is attracting criticism after promoting Pride Month—with some customers vowing to never eat at their stores again. Cracker Barrel recently made an Instagram post showing a rainbow-painted chair at one of its restaurants. “We are excited to celebrate Pride Month with our employees and guests. Everyone…
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