LONDON—Global stocks traded around their highs for the year on Thursday as investors bet that the Federal Reserve was finally taming inflation and could end its rate hiking cycle as soon as this month. U.S. data on Wednesday showed consumer prices rose modestly in June, registering the smallest annual increase in more than two years…
Stocks Around 2023 Highs as Disinflation Signal Brings Some Relief
July 13, 2023
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Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocks
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Kia to Invest $200 Million in US Plant, Build EV9 SUV in 2024
Kia said on Wednesday it will invest more than $200 million in its assembly plant in the U.S. state of Georgia to begin production of its electric EV9 SUV next year. The Korean automaker said the company will add about 200 jobs to build the three-row SUV alongside four other models at the West Point,…
Chinese Money Launderers a Major Obstacle in Fight Against Fentanyl: US Officials
July 13, 2023
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AmericasBusiness & MarketsChinaChina NewsCompaniesCrime & Public SafetyfentanylNational SecurityPolicies & ImpactsPoliticsSocial IssuesSouthern Bordersynthetic opioidsThreat from Communist ChinaUSUS NewsUS-China relationsWorld
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Law enforcement officials say that America’s drug war is now in cyberspace, and the main antagonists are transnational criminal organizations (TCOs) serviced by Chinese money laundering outfits. “Mexican cartels’ ability to traffic deadly fentanyl into the United States is greatly enhanced by Chinese money laundering,” said Steven Cagen, assistant director of the Countering Transnational Organized…
Chinese Money Launderers Are Major Obstacles in Fight Against Fentanyl: US Officials
July 13, 2023
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AmericasBusiness & MarketsChinaChina NewsCompaniesCrime & Public SafetyfentanylNational SecurityPolicies & ImpactsPoliticsSocial IssuesSouthern Bordersynthetic opioidsThreat from Communist ChinaUSUS NewsUS-China relationsWorld
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Law enforcement officials say that America’s drug war is now in cyberspace, and the main antagonists are transnational criminal organizations (TCOs) serviced by Chinese money laundering outfits. “Mexican cartels’ ability to traffic deadly fentanyl into the United States is greatly enhanced by Chinese money laundering,” said Steven Cagen, assistant director of the Countering Transnational Organized…
Pending UPS Strike Will Likely Disrupt The Package Delivery Sector
A looming strike by the United Parcel Service could disrupt deliveries, in the largest strike against a single employer in American history. Contract negotiations between UPS and the Teamsters stalled last week, raising the likelihood of a strike in early August, as well as major disruptions in a highly competitive package delivery market. On June…
SpaceX Satellites Interfere With Astronomical Observation
July 12, 2023
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astronomyBusiness & MarketsCompaniesinternet serviceRadiationradio wavesScienceSpaceSpaceXStarlink satellitesUS
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Scientists using a low-frequency telescope in Europe observed that SpaceX’s satellites were emitting a radio frequency via their onboard electronics that can interfere with astronomical observations. According to a study’s press release published in the Astronomy and Astrophysics academic journal, scientists used the LOFAR telescope in the Netherlands to detect any low-frequency radio waves that…
Central Banks Are Increasingly Interested in CBDCs, Says BIS Survey
July 12, 2023
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bank of international settlementsbankingBusiness & Marketscentral bank digital currenciesCompaniescryptocurrencyeconomic policieseconomyInvestmentMarketsUSWorld
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At least 93 percent of central banks are already researching the implementation of central bank digital currencies (CBCD), according to a recent survey. Twenty-four central banks in emerging and in advanced economies are expected to have digital currencies in circulation by 2030, the Bank for International Settlements (BIS) said in a survey published on July…
Luxury Automaker Packard Motors Sponsors Miss NTD Beauty Pageant
July 12, 2023
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Arts & CulturebeautyBrightBusiness & MarketsCompaniesEntertainmentLifestyleLuxuryMiss NTDNTD competitionsNTD Global Chinese Beauty PageantPackard MotorsstyleValues and Tradition
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Packard Motors, the historic luxury automaker, is sponsoring the Miss New Tang Dynasty (NTD) Global Chinese Beauty Pageant, highlighting shared values between the company and the pageant. “Packard comes across as that American gentleman, that American lady with respect, with focus on good, truthful, and righteous values,” Packard Motor Company owner Scott Andrews told NTD…
Dylan Mulvaney Leaves Country While Former Anheuser-Busch Executive Slams Company CEO
Transgender activist Dylan Mulvaney has left the United States alleging safety concerns for an undisclosed period of time while the Bud Light boycott continues amid sharp criticism regarding the CEO’s decision following the public backlash. Mr. Mulvaney was in Peru, according to a recent social media post. “The people here are so kind. I feel…
Major Insurance Company Suddenly Pulls Out of Florida
Farmers Insurance said it will stop offering its policies in Florida, including for home and car insurance, in a change that will force tens of thousands of people to switch to a different insurance company. In a statement, Farmers Insurance said it made the decision to manage its exposure to risk in Florida, a state…
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