Category: Business & Markets

Titanic Sub Wreckage Seen for First Time Since Catastrophic Implosion

June 28, 2023
Business & MarketsCompaniesOceanGatetitanUSUS News
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New photos and video footage show the debris from the OceanGate Titan submersible vehicle after it was pulled from the North Atlantic Ocean following what officials say was a catastrophic implosion that killed all five people on board. The footage shows pieces of the craft being taken to a vessel in St. John’s Harbor in…

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Titanic Sub Wreckage Seen for 1st Time Since Catastrophic Implosion

June 28, 2023
Business & MarketsCompaniesOceanGatetitanUSUS News
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New photos and video footage show the debris from the OceanGate Titan submersible vehicle after it was hauled from the Atlantic Ocean, following what officials say was a catastrophic implosion that killed all five people on board. The footage shows pieces of the craft being taken to a vessel in St. John’s Harbor in Canada’s…

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Oklahoma Misspent Millions In COVID-19 Funds: Auditor

June 28, 2023
Business & MarketsFraudOklahomapandemic reliefPolicies & ImpactsRegional & State NewsState NewsUSUS News
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Oversight failures by state officials resulted in the misallocation of over $29 million in federal pandemic relief funds that may now have to be repaid by taxpayers, according to Oklahoma Auditor & Inspector Cindy Byrd. Byrd’s office on Tuesday released an audit report (pdf) that looked into around $14 billion in Oklahoma state spending in fiscal…

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Anheuser-Busch Executive Says the ‘Feedback Is Very Clear’ Amid Bud Light Boycott

June 28, 2023
boycottBud LightBusiness & MarketsCompaniesUSUS News
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The chief executive of Anheuser-Busch’s U.S. division said that financial assistance will be delivered to wholesalers and distributors impacted by the Bud Light boycott. Brendan Whitworth, the CEO, noted that he has responsibility for the financial repercussions faced by consumers, distributors, and employees in connection to the boycott. In April, transgender social media influencer Dylan Mulvaney…

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Banks Have Questions to Answer Over Interest Rate Rises for Savers, Says Minister

June 28, 2023
Business & Marketseconomyinflationinterest ratesJeremy HuntUKWorld
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Banks have questions to answer about how quickly they have been passing on interest rate rises to savers, a Cabinet minister has said. Last week, the Bank of England raised interest rates from 4.5 to 5 percent, a level last seen in April 2008. It was the 13th consecutive rate increase in 18 months, putting…

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What Could Be in Store for Canadian Home Prices

June 28, 2023
Bank of CanadaBusiness & MarketsCanadaeconomyGlobal Real EstatehousingOSFIpersonal financereal estateWorld
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Canada’s housing market has good reason to be rising despite 4.5 percentage points of Bank of Canada interest rate hikes since March last year. But policy-makers are taking steps to contain risks stemming from the housing market and analysts expect prices to start dropping. “I’m pretty sure the Bank of Canada is not happy seeing…

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Oil Prices Gain 2 Percent on Big Decline in US Crude Storage

June 28, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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NEW YORK—Oil prices rose about 2 percent on Wednesday as a bigger-than-expected drop in U.S. crude stockpiles offset worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures were up $1.31, or 1.8 percent, to $73.57 a barrel at 11:15 a.m. EDT (1515 GMT), while U.S. West Texas…

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LIVE NOW: Biden Speaks on Economy in Chicago

June 28, 2023
BidenomicsBusiness & MarketsEpochTVEpochTV LiveExecutive BranchJoe BidenLive VideosPoliticsUSUS NewsVideovision
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President Joe Biden travels to Chicago to deliver remarks on “Bidenomics” and his vision for growing the economy at 1:00 p.m. ET on June 28. …

Biden Speaks on Economy in Chicago

June 28, 2023
BidenomicsBusiness & MarketsEpochTVEpochTV LiveExecutive BranchJoe BidenLive VideosPoliticsUSUS NewsVideovision
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President Joe Biden travels to Chicago to deliver remarks on “Bidenomics” and his vision for growing the economy at 1:00 p.m. ET on June 28. …

LIVE 1 PM ET: Biden Speaks on Economy in Chicago

June 28, 2023
BidenomicsBusiness & MarketsEpochTVEpochTV LiveExecutive BranchJoe BidenLive VideosPoliticsUSUS NewsVideovision
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U.S. President Joe Biden travels to Chicago to deliver remarks on “Bidenomics” and his vision for growing the economy at 1:00 p.m. ET on June 28. …