NEW YORK—Walmart reported a strong first quarter as the nation’s largest retailer continues to draw budget conscious consumers in a challenging economic environment. The company, based in Bentonville, Arkansas, offered an upbeat outlook for the year. Walmart reported net income of $1.63 billion, or 62 cents per share for the three month period ended April…
Walmart Boosts Outlook After a Strong 1st Quarter and Rising Online Sales
Debt Ceiling Hopes Lift Dollar to 7-Week Peak
LONDON—The U.S. dollar hit a seven-week peak on Thursday after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging debt default, while investors scaled back Federal Reserve easing expectations. Biden and McCarthy on Wednesday underscored their determination to strike a deal soon to raise the government’s $31.4 trillion debt…
Oil Prices Ease as All Eyes on US Debt Ceiling Talks
LONDON—Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging in the previous session on optimism over U.S. fuel demand. Brent crude futures dipped 37 cents, or 0.5 percent, to $76.59 a barrel as of 0841 GMT. U.S. West Texas Intermediate crude…
Stock Market Today: Global Stocks, Wall Street Futures Rise on Hopes for US Debt Deal
BEIJING—Global stock markets and Wall Street futures rose Thursday on hopes U.S. political leaders can reach agreement to avoid a potentially disastrous default on government debt. London and Paris opened higher. Shanghai, Tokyo, and Hong Kong advanced. Oil prices edged lower. “Markets are now fully pricing an in-time resolution of the crisis,” said Clifford Bennett…
De-dollarization?
Commentary The potential U.S. debt ceiling and U.S. dollar status problems reignite the discussion of de-dollarization. The status of U.S. dollar will no doubt be firmly anchored in the financial market, which has already been discussed here previously. But the U.S. dollar share of goods trade is claimed to be jeopardized by the Chinese mouthpieces…
IN-DEPTH: Majority of US Power Grid Faces ‘Elevated Risk’ of Summer Outages, Warns Reliability Watchdog
May 18, 2023
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Biden green energy pushBusiness & MarketsenergyEnvironmentExecutive BranchNational SecurityPolicies & ImpactsPoliticsRegional & State NewsScienceUSUS Electrical GridUS energy policyUS FeaturesUS News
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More than two-thirds of North America could see electrical outages when temperatures spike this coming summer because utilities in many areas do not have sufficient reserve generation capacity to meet surges in demand. According to an annual summer reliability assessment published on May 17 by the watchdog North American Electric Reliability Corporation (NERC), the power grid…
IN-DEPTH: Power Grid Facing ‘Elevated Risk’ of Summer Outages, Warns Reliability Watchdog
May 18, 2023
admin
Biden green energy pushBusiness & MarketsenergyEnvironmentExecutive BranchNational SecurityPolicies & ImpactsPoliticsRegional & State NewsScienceUSUS Electrical GridUS energy policyUS FeaturesUS News
0 Comment
More than two-thirds of North America could see electrical outages when temperatures spike this coming summer because utilities in many areas do not have sufficient reserve generation capacity to meet surges in demand. According to an annual summer reliability assessment published on May 17 by the watchdog North American Electric Reliability Corporation (NERC), the power grid…
IN-DEPTH: Majority of US Power Grid Faces ‘Elevated Risk’ of Summer Outages Amid Biden’s Green Energy Push: Report
May 18, 2023
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Biden green energy pushBusiness & MarketsenergyEnvironmentExecutive BranchNational SecurityPolicies & ImpactsPoliticsRegional & State NewsScienceUSUS Electrical GridUS energy policyUS FeaturesUS News
0 Comment
More than two-thirds of North America could see electrical outages when temperatures spike this coming summer because utilities in many areas do not have sufficient reserve generation capacity to meet surges in demand. According to an annual summer reliability assessment published on May 17 by the North American Electric Reliability Corporation (NERC), the power grid…
Biden Arrives in Japan to Meet with G-7 Leaders Amid Looming Debt Crisis at Home
May 18, 2023
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Asia & PacificbidenBusiness & Marketseconomic policieseconomyExecutive BranchG7 summitHiroshimaInternationalJapanPoliticsUSUS NewsWorld
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HIROSHIMA, Japan—President Joe Biden arrived in Japan on Thursday to attend the three-day G-7 summit of the world’s top economic powers, leaving behind an intense debt ceiling negotiation with congressional leaders. Biden arrived in Hiroshima around 5 p.m. local time, where the Group of Seven (G-7) leaders will meet from May 19–21 to discuss a…
US Expects Flights to Jump on Memorial Day Weekend, Near Pre-COVID Levels
WASHINGTON—U.S. aviation regulators are forecasting nearly 313,000 flights over the seven-day Memorial Day holiday period, up 4.5 percent from 2022 and just below 2019 pre-pandemic levels. The Federal Aviation Administration (FAA) said the traditional seven-day kickoff to the busy U.S. summer travel season will surpass the 299,500 flights flown in the same period in 2022…
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