British households with fixed-term mortgage deals will feel the impact of higher interest rates when their current deals expire by the end of next year, a Barclay’s chief has warned. Barclay’s CEO CS Venkatakrishnan told the Wall Street Journal CEO Council that a higher portion of households’ earnings will be spent on mortgage payments, leading…
‘Huge Income Shock’ Predicted for Households on Fixed-Term Mortgage Deals
Expect Big Crowds for the Summer Travel Season—and Big Prices, Too
The unofficial start of the summer travel season is here, with airlines hoping to avoid the chaos of last year and travelers scrounging for ways to save a few bucks on pricey airfares and hotel rooms. Some travelers say they will settle for fewer trips than they hoped to take, or they will drive instead…
Florida Citrus Industry Posts Worst Year Since 1930s After Hurricane Damage and Crop Disease
May 26, 2023
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Florida’s citrus industry posted its worse harvest since 1937, which should give orange fans some pause at the supermarket. Damage from the 2022 hurricane season, combined with the impact of citrus greening disease, is ravaging the Sunshine State’s orange crop. This will likely cause citrus prices to skyrocket nationwide, as Florida farmers recorded its smallest…
Shell Agrees to Pay $10 Million for Air Pollution at Massive New Pennsylvania Petrochemical Plant
May 26, 2023
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Shell has agreed to pay $10 million to resolve allegations that it polluted the air around its massive new petrochemical refinery in western Pennsylvania, the administration of Gov. Josh Shapiro announced Wednesday. Shell acknowledged that the plant, located along the Ohio River about 30 miles outside of Pittsburgh, violated air emissions limits, officials said. The…
Cars Are Getting More Expensive—Here’s How to Keep Yours on the Road Longer to Avoid Costly Payents
DETROIT—With the average new-vehicle price in the United States at nearly $48,000 and the cost of a used automobile averaging almost $29,000, many people are getting repairs done and keeping their vehicles longer. That’s boosted the average age of a vehicle on U.S. roads to a record 12.5 years this year, according to state registration…
Cars Are Getting More Expensive—Here’s How to Keep Yours on the Road Longer to Avoid Costly Payments
DETROIT—With the average new-vehicle price in the United States at nearly $48,000 and the cost of a used automobile averaging almost $29,000, many people are getting repairs done and keeping their vehicles longer. That’s boosted the average age of a vehicle on U.S. roads to a record 12.5 years this year, according to state registration…
Mining Magnate Calls for Australia to ‘Work Harder’ to Develop Its Trade Relationship With India
Australian mining magnate Gina Rinehart has described Australia’s trading potential with India as “huge” as she calls on the country to “work harder” on developing closer trade ties with the world’s largest democracy. During a meeting on May 23, Indian Prime Minister Narendra Modi highlighted to Rinehart the reforms and initiatives being undertaken in India…
Chip Giant Nvidia Nears Trillion-Dollar Status on AI Bet
Nvidia Corp. surged 24 percent on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI. The surge more than doubled the stock’s value for this year and increased the chip designer’s…
Virgin Galactic Completes Final Test Flight Before Launching Paying Customers to Space
ALBUQUERQUE, N.M—Virgin Galactic completed what is expected to be its final test flight Thursday before taking paying customers on brief trips to space, marking what the space tourism company described as a “fantastic achievement” in what has been a long road to commercial operations. Six of the company’s employees, including two pilots, landed at Spaceport…
Most Major Retailers Are Carrying LGBT, Pride Merchandise for Children
As Target continues to endure backlash over its newly launched “Pride” line of clothing and merchandise for kids, the retail giant is not alone in carrying woke wares for children and teens. Similar items that have prompted some to call for the “Bud Light treatment” of Target can also be found at Walmart, Kohl’s, Macy’s,…
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