Radon is present at high levels in a surprisingly large number of American homes, schools and other buildings. While this naturally occurring gas is odorless, tasteless, and colorless, it’s far from harmless. Experts are raising awareness about the serious health risks associated with radon exposure and what you can do about it. “Elevated radon in…
Stellantis Recalling Nearly 20,000 Plug-In Minivans for Fire Risks
WASHINGTON—Chrysler parent Stellantis is recalling 19,808 plug-in hybrid minivans and urged owners to stop recharging them, after reports of 12 fires in parked vehicles. The automaker said the recall covers 2017–2018 Chrysler Pacifica Hybrid vehicles. All were parked and turned off, while eight were connected to chargers. Stellantis said it was unaware of any related…
Oil Rises on Elevated Geopolitical Risks in Europe and Middle East
LONDON—Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, which could make an already tight market even tighter. Brent crude rose 33 cents, or 0.4 percent, to $88.22 a barrel by 1149 GMT. U.S. West Texas Intermediate (WTI) crude gained 24 cents,…
Oil Steady but Omicron Risks Weigh
December 13, 2021
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LONDON—Oil was steady on Monday, but new concerns about the Omicron coronavirus variant and doubts around the effectiveness of vaccines against it were weighing on prices. Brent was up 6 cents, or 0.1 percent, at $75.21 a barrel by 0947 GMT, and U.S. West Texas Intermediate (WTI) gained 9 cents, or 0.1 percent, to $71.76…
Goldman Flags Archegos-Related Lawsuits as Potential Legal Risks
November 1, 2021
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Goldman Sachs Group Inc. said it had been sued for alleged insider trading related to the Archegos meltdown earlier this year, flagging the lawsuits as potential legal risks in a filing on Monday. The lawsuits were filed by shareholders of three companies—Vipshop Holdings Ltd, GSX Techedu Inc., and Tencent Music Entertainment Group—and accuse the bank…
Fed’s Bowman ‘Very Comfortable’ With November Taper, Sees Inflation Risks
October 14, 2021
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Federal Reserve Governor Michelle Bowman on Wednesday said she would be “very comfortable” with beginning to withdraw some of the U.S. central bank’s crisis-era support for the economy as soon as next month, citing concerns about inflation and asset bubbles. The Fed’s purchase of Treasuries and mortgage-backed securities has been a centerpiece of its COVID-19…
New Rules Needed to Cover Risks From Cloud Computing, Says Bank of England
LONDON—New rules will be needed to deal with operational risks from banks relying on outsourced ‘cloud’ computing from Amazon, Google, Microsoft, and others for providing services to customers, the Bank of England said on Friday. “Regulated firms will continue to have primary responsibility for managing risks stemming from their outsourcing and third-party dependencies,” the BoE’s…
IMF Sees Inflation Subsiding in 2022, Supply Risks May Keep It Elevated
October 6, 2021
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WASHINGTON—The International Monetary Fund said on Wednesday that headline consumer price inflation should peak this fall and recede to pre-pandemic levels by mid-2022, but risks remain that shortage-driven inflation spikes could prove more persistent, unanchoring expectations. The IMF’s baseline forecasts for advanced economies shows headline inflation peaking at 3.6 percent in the fall of 2021…
Variable Interest Entities: China’s Trillion Dollar Shell Game
September 30, 2021
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News Analysis U.S. investors have trillions of dollars invested in Chinese variable interest entities (VIEs) without knowing it. These are illegal contracts under Chinese law and could be shut down by Chinese regulators at any time. When U.S. investors buy shares of Chinese companies, particularly internet companies, on NYSE and NASDAQ, they generally do not…
Study Cites Childhood Tumor Risk for Pesticide Exposure During Pregnancy
LOS ANGELES—Pesticide exposure during pregnancy might lead to the development of central nervous system tumors during childhood, according to a study involving researchers from the University of California–Los Angeles (UCLA), University of Southern California and Cedars-Sinai Medical Center. The increased risk of these tumors, estimated as much as twice to 2.5 times higher for some…
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