The Politico Energy Summit on May 18 revealed a growing fissure between the Biden administration and the left wing of its base, as the president seeks to position himself as a centrist ahead of the 2024 election. As Citi’s Val Smith spoke during a panel discussion, a protester piped up to demand that Smith’s bank…
Climate Protesters Disrupt Democrats, Financiers, Big Tech at Energy Summit
May 19, 2023
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Business & MarketsclimateCompaniesDemocratsDepartment of EnergyenergyInvestmentJigar ShahMedia & Big TechpoliticoPoliticsUS
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IN-DEPTH: ‘It’s Criminal’: Central Wisconsin Communities Unite to Stave Off Looming Wind Turbine Industry
May 19, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyESGgreen energyPolicies & ImpactsPoliticsRegional & State NewsRegional NewsState NewsUSUS FeaturesUS Newswind turbinesWisconsin
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Central Wisconsin communities are coordinating efforts to shine a light into the flickering shadow cast by a looming wind turbine industry. “There is a revolt happening here,” attorney Marti Machtan told The Epoch Times. “I’ve never seen our communities engage like this in my life.” Machtan is a member of Farmland First, an organization that…
Wall Street Opens Higher on Hopes of Debt Ceiling Deal
Wall Street’s main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. The Dow Jones Industrial Average rose 47.04 points, or 0.14 percent, at the open to 33,582.95. The S&P 500 opened higher by 6.10 points, or 0.15 percent, at 4,204.15,…
The Big Tech Spy Hunt
May 19, 2023
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Business & MarketsBusiness Columnistscomputer chipsOpinionSouth Koreatechnology leaksThe Chinese Communist PartyThe United StatesThinking About China
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Commentary The United States and South Korea are getting tougher on technology leaks. The two countries have extensive tech industries to protect. Most important is their technological lead, along with the Netherlands, in small and powerful computer chips used for economic and military applications around the world. Countries that steal these technologies include China, Russia,…
US Inching Towards Recession as Leading Index Declines Again in April
May 19, 2023
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Business & MarketsConference Board Leading Economic Index (LEI)economic recessioneconomyrecessionUSUS News
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The American economy is signaling growing signs of slipping into a recession as the Leading Economic Index (LEI) continued its monthly decline in April, predicting a deterioration in the economic outlook. The Conference Board’s LEI for the United States fell by 0.6 percent in April following a 1.2 percent decline in March, according to a…
Disney Scraps Plans to Build $900 Million Florida Campus Amid DeSantis Feud, Cites ‘Changing Business Conditions;’
Disney is canceling plans to build a nearly $900 million corporate campus in Lake Nona, Florida, citing “changing business conditions.” Josh D’Amaro, chairman of Disney’s parks, experiences, and products division, announced the decision to scrap plans to build the campus, which would have housed roughly 2,000 employees, in an email to workers on May 18. The email was…
‘Renewables Are Not the Holy Grail’, Energy Boss
The boss of one of Australia’s largest domestic gas suppliers has warned the country could face significant problems if it phases out oil and gas in favour of renewables amid rising pressures from the industry’s opponents. In his speech to the Australian Petroleum Production and Exploration Association’s (APPEA) 2023 conference, Santos CEO Kevin Gallagher said…
Australia Slaps Fresh Sanctions, Export Bans on Russia
Australia has imposed fresh sanctions against Russia and the country’s entities, as well as an export ban on machinery and related parts. The new financial sanctions target 21 entities, including subsidiaries of the state-owned atomic energy corporation Rosatom, which took over a Ukrainian nuclear power plant. Russia’s largest petroleum and gold companies, Rosneft and Polyus,…
Dollar Retreats From Highs but Debt Deal Optimism Fires Up Investors
LONDON—The dollar hovered close to its highest since March on Friday, as optimism over a breakthrough in U.S. debt ceiling talks and robust economic data reduced the chances of a series of U.S. rate cuts this year. Negotiators for Joe Biden’s Democrats told the president on Friday that they are making “steady progress” in talks…
Oil Rebounds on Fading Risk of US Debt Default
LONDON—Oil prices rebounded on Friday from losses of more than 1 percent the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 69 cents, or 0.9 percent, to $76.55 a barrel by 0923 GMT, while West Texas Intermediate U.S. crude climbed 56 cents, or 0.8…
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