News Analysis As governments continue to make climate policy one after another, some farmers are calling it a bigger threat than the ongoing weather ups and downs that they’ve historically managed to adapt to. Potential policy risk associated with climate mitigation isn’t limited to the resource sector but has significant financial implications as well. “Climate…
Bud Light Giving LGBTQ Organization $200,000 in Donation
Bud Light has announced that it intends to donate money to a cause supporting LGBTQ business owners—a decision coming at a time when the company’s sales are getting hammered from customers opposing a transgender agenda. Bud Light will donate $200,000 to the National LGBT Chamber of Commerce (NGLCC) in support of the organization’s “Communities of…
UK’s 1st Post-Brexit Free Trade Deals With Australia and New Zealand Kick In
The UK’s trade deals with Australia and New Zealand came into force at midnight on Wednesday, removing tariffs on all UK goods exports Down Under. The Trade (Australia and New Zealand) Act concluded the negotiations over the UK first trade deals after the country left the European Union in 2020. Under the deals’ terms tariffs…
Conservative Rapper’s ‘Boycott Target’ Song Criticizing LGBT ‘Agenda’ Reaches Top of iTunes
A song by a conservative rapper taking aim at Target for “targeting” children with their controversial LGBT “Pride” merchandise has made it to the top spot on Apple iTunes. The song, titled “Boycott Target” by Forgiato Blow, whose real name is Kurt Jantz, has even knocked high-profile artists including Taylor Swift off the number-one spot. Filmed inside a Target store,…
ANALYSIS: Debt Ceiling Deal Unfreezes Student Loan Repayments, Here’s What Borrowers Should Know
Roughly 40 million borrowers of federal student loans will soon need to start paying their bills again, under a deal reached by President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) to bring temporary relief to the recurring debt ceiling crisis. The 99-page-long legislative package (pdf), which McCarthy expects to pass a full vote in…
Cleveland Fed President Says There Is No ‘Compelling’ Reason to Pause Rate Hikes
Loretta Mester, president of the Federal Reserve Bank of Cleveland, said there was no “compelling” reason to wait for another interest-rate hike, in a recent interview. Mester told the Financial Times in a recent interview that more must be done to bring U.S. inflation under control, rather than await for more economic results. Some Fed policymakers have suggested that…
Nvidia Temporarily Becomes First Chipmaker to Hit $1 Trillion in Value
Nvidia became the first chipmaker to be valued at over a $1 trillion, before falling in trading later in the day. The U.S. chipmaker’s market value rose 3 percent, to $401.15 on May 30, after tripling in value since October, due to its successful investments in Artificial Intelligence, as investors pile on to the firm. The…
Dollar Hits More Than 2-month High as European Inflation Cools
LONDON/TOKYO—The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation is cooling quicker than expected and China’s recovery is sputtering. The euro was last down 0.67 percent at $1.066, the lowest since March 20. That helped the dollar index, which measures the greenback against six major peers,…
Oil Falls On Weak China Data, Stronger US Dollar
LONDON—Oil prices fell on Wednesday on a stronger U.S. dollar and as weak data from top oil importer China raised demand fears. Brent crude futures for August delivery were down $1.29, or 1.75 percent, to $72.42 a barrel at 1013 GMT. U.S. West Texas Intermediate crude (WTI) fell $1.28, or 1.84 percent, to $68.18. Both…
Shares Drop Ahead of US Debt Ceiling Vote; China Data Rattles Nerves
LONDON—Global shares fell on Wednesday ahead of a crucial vote in Washington on the U.S. debt ceiling, while commodities and the Chinese yuan came under pressure after data highlighted faltering growth in the world’s second-largest economy. The MSCI All-World Index of global shares, which is heading for its first monthly decline since February, was down…
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