BHP CEO Mike Henry has continued pressuring the debt-heavy Queensland Labor government over its contentious decision to raise mining royalties in the coal-rich state. Henry reiterated that recent policies from the state (and federal) government would compel the global mining giant to pull investment from the region, despite major opportunities in critical mineral mining. “Capital…
Global Mining CEO Says Chile Easier to Deal With Than the Queensland Government
June 27, 2023
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Free Speech Takes a Backseat as Musk’s Twitter Threatened With $700,000 Daily Fines
June 27, 2023
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AustraliaBusiness & MarketsCompaniesdisinformationElon Muskhate speechInternationalMedia & Big TechOpinionSocial MediaTechTech NewsTwitterViewpointsWorld
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Commentary Free speech is a precious thing. It deserves protection. It needs to be cherished. Free speech allows for new, even radical ideas to be considered. Without free speech, which is an expression of free thought, much of what is enjoyed and understood today would be denied us. In debates, the truth will ultimately win…
Was Your Flight Canceled Amid Bad Weather? What You Need to Know About Rebooking, Refunds and More
WASHINGTON—Amid peak summer travel, thousands of air travelers faced flight cancellations and delays this weekend and Monday as thunderstorms rolled in across the U.S. East Coast and Midwest. In addition to bad weather, a technology failing also contributed to to airline disruptions. The Federal Aviation Administration briefly paused operations at Washington, D.C.-area airports Sunday evening…
KPMG to Cut 5 Percent of US Jobs in Fresh Round of Layoffs
KPMG is laying off 5 percent of its U.S. employees after feeling the pinch of “economic headwinds, coupled with historically low attrition,” a spokesperson for the Big Four accounting giant said on Monday. The firm had over 39,000 employees in the United States at the end of its last fiscal year on Sept. 30. KPMG,…
Honda Recalling 1.3 Million Vehicles Worldwide for Rear Camera Issue
WASHINGTON—Honda Motor is recalling 1.3 million vehicles worldwide due to a potential issue with the rearview camera image, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall covers some 2018–2023 Odyssey, 2019–2022 Pilot, and 2019–2023 Passport vehicles. Due to a faulty communication coaxial cable connector, the rearview camera image may not…
Top US Lenders to Face Fed’s Annual Stress Tests This Week
June 26, 2023
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bank crisisbank stress testsBusiness & MarketsCompanieseconomic policieseconomyFederal ReservePolicies & ImpactsUSUS News
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The major American banks will be facing the Federal Reserve’s annual stress tests this week, to see if they have enough capital in a potential crisis to make the grade. Despite the recent bank crisis this year, the lenders are are believed to have enough capital to weather a severe economic downturn., say analysts, but investor…
Closing Prices for Crude Oil, Gold, and Other Commodities (June 26)
June 26, 2023
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Benchmark U.S. crude oil for August delivery rose 21 cents to $69.37 a barrel Monday. Brent crude for August delivery rose 33 cents to $74.18 a barrel. Wholesale gasoline for July delivery rose 2 cents $2.54 a gallon. July heating oil rose 3 cents to $2.44 a gallon. July natural gas rose 6 cents to…
How Major US Stock Indexes Fared June 26
Stocks drifted lower as Wall Street’s pullback from its recent rally carried into a second week. The S&P 500 fell 0.4 percent Monday. The index remains close to its highest level in a year. Tech stocks were the heaviest weights on the market and helped drag the Nasdaq to a loss of 1.2 percent. The…
Disney Continues Decline at the Box Office as Flagship Films Plummet
The Walt Disney Co. is bleeding big money on its recent studio releases. That’s according to box office analyst Valliant Renegade whose recent YouTube video estimated that the House of Mouse has lost a staggering $890 million on its last eight films, including highly anticipated releases The Little Mermaid and Elemental. Elemental, which features Pixar’s…
Stock Market Today: Wall Street Drifts to Start What Could Be a Quiet Week
NEW YORK—Stock indexes drifted lower Monday as Wall Street’s pullback from its big recent rally carried into a second week. The S&P 500 fell 19.51 points, or 0.4 percent, to 4,328.82. It’s still close to its highest level in a year, reached a couple weeks ago. Technology stocks were the heaviest weights on the market…
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