Tag: economic policies

IN-DEPTH: ‘It’s Criminal’: Central Wisconsin Communities Unite to Stave Off Looming Wind Turbine Industry

May 19, 2023
Business & MarketsCompanieseconomic policieseconomyenergyESGgreen energyPolicies & ImpactsPoliticsRegional & State NewsRegional NewsState NewsUSUS FeaturesUS Newswind turbinesWisconsin
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Central Wisconsin communities are coordinating efforts to shine a light into the flickering shadow cast by a looming wind turbine industry. “There is a revolt happening here,” attorney Marti Machtan told The Epoch Times. “I’ve never seen our communities engage like this in my life.” Machtan is a member of Farmland First, an organization that…

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Wall Street Opens Higher on Hopes of Debt Ceiling Deal

May 19, 2023
Business & MarketsCompanieseconomic policieseconomyMarketsstocksUS
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Wall Street’s main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. The Dow Jones Industrial Average rose 47.04 points, or 0.14 percent, at the open to 33,582.95. The S&P 500 opened higher by 6.10 points, or 0.15 percent, at 4,204.15,…

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Dollar Retreats From Highs but Debt Deal Optimism Fires Up Investors

May 19, 2023
Business & Marketseconomic policieseconomyForexglobalMarketsstocks
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LONDON—The dollar hovered close to its highest since March on Friday, as optimism over a breakthrough in U.S. debt ceiling talks and robust economic data reduced the chances of a series of U.S. rate cuts this year. Negotiators for Joe Biden’s Democrats told the president on Friday that they are making “steady progress” in talks…

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Oil Rebounds on Fading Risk of US Debt Default

May 19, 2023
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesMarketsOilstocks
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LONDON—Oil prices rebounded on Friday from losses of more than 1 percent the previous day as investors turned cautiously optimistic over the fading risk of a U.S. debt default. Brent futures rose 69 cents, or 0.9 percent, to $76.55 a barrel by 0923 GMT, while West Texas Intermediate U.S. crude climbed 56 cents, or 0.8…

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Stocks Lifted to Month High by US Debt Ceiling Hopes

May 19, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsstocks
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LONDON/SINGAPORE—Global shares hit a one-month high on Friday as markets reflected increased hopes of a U.S. debt ceiling deal that could avoid a potentially calamitous default. Europe’s STOXX 600 was up 0.7 percent, while e-mini futures for the S&P 500 rose 0.2 percent, following a 0.9 percent gain for the benchmark Wall Street index overnight….

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Inflation Not Coming From the Kremlin, but From Canberra: Shadow Treasurer

May 19, 2023
Angus TaylorAustraliaAustralian budgetBusiness & MarketsCoalitioneconomic policieseconomyInternationalWorld
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Shadow Treasurer Angus Taylor says the federal government needs to stop making excuses for Australia’s inflation crisis and get on with the job of stopping it. In his Budget Reply speech, Taylor said the Albanese government’s budget would worsen the current economic situation. “This is the crisis government has to deal with now,” Taylor said…

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Top Toyota Scientist Throws Cold Water on Electric Vehicle Push

May 18, 2023
Asia & PacificBusiness & MarketsCompanieseconomic policieselectric vehicleenergyInternationalMarketsToyotaWorld
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A top Toyota scientist warned against the sudden push toward electric vehicles for now, ahead of a Group of Seven summit in Japan. Last month, environment and energy ministers at the G7 conference in Hokkaido, Japan, pledged to reduce vehicle emissions by 2035, without announcing any deadlines or short-term goals in the meantime, reported Bloomberg….

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‘Perceived Gaps’ in Investigations on Fed Chair Powell’s Alleged Insider Trading: Sen. Warren

May 18, 2023
Business & MarketsDemocratseconomic policiesFed chairInsider TradingPoliticsUSUS News
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Sen. Elizabeth Warren (D-Mass.) blamed Federal Reserve Inspector General (IG) Mark Bialek for a lack of “competent oversight” during a Wednesday hearing while discussing the issue of potential insider trading by Fed officials. During a Senate Banking Subcommittee on Economic Policy hearing, Warren questioned Bialek about suspicious trades involving Federal Reserve Chair Jerome Powell and former Vice Chair…

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JPMorgan Chase Defeats Shareholder Proposal to Investigate Allegations of Political, Religious Discrimination

May 18, 2023
Business & Marketscancel cultureCompaniesdebankingeconomic policiesFeatured TopicsInvestmentJPMorgan Chasepersonal financereligious discriminationUSviewpoint diversity
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In the spring of 2022, Sam Brownback, a former U.S. senator, governor of Kansas, and U.S. ambassador, co-founded the National Committee for Religious Freedom (NCRF) to, in his words, “protect the right to the free exercise of faith for all Americans.” NCRF’s board members decided to set up the non-profit’s bank accounts at JPMorgan Chase….

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IN-DEPTH: JPMorgan Chase Faces Backlash Over Alleged Discrimination Against Religious and Conservative Groups

May 18, 2023
Business & Marketscancel cultureCompaniesdebankingeconomic policiesFeatured TopicsInvestmentJPMorgan Chasepersonal financereligious discriminationUSviewpoint diversity
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In the spring of 2022, Sam Brownback, a former U.S. senator, governor of Kansas, and U.S. ambassador, co-founded the National Committee for Religious Freedom (NCRF) to, in his words, “protect the right to the free exercise of faith for all Americans.” NCRF’s board members decided to set up the non-profit’s bank accounts at JPMorgan Chase….

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