Tag: economic policies

German Gloom Dampens Stocks as Fed, ECB Meetings Beckon

April 28, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
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LONDON—A stagnant German economy and sliding yen overshadowed buoyant tech earnings to send shares lower on Friday, with investors betting that next week’s batch of central bank meetings will point towards a levelling off in interest rates. Oil headed for a second week of declines after data on Thursday showing the U.S. economy slowing more…

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Jobless Claims Fall Again With Labor Market Churning Along

April 27, 2023
benefitsBusiness & Marketseconomic policieseconomyinflationMarketsrecessionunemploymentUSUS News
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Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy. The number of Americans filing for jobless claims for the week ending April 22 fell by 16,000 to 230,000, the Labor Department reported Thursday. The four-week moving average…

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California Electric Vehicle Sales Skyrocket Beyond 2025 Goal

April 27, 2023
all electric vehiclesBusiness & MarketsCaliforniaCalifornia Energy CommissionCalifornia Gov. Gavin NewsomCompanieseconomic policiesenergyenviromental changeRegional & State NewsState NewsUS
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California has surpassed its goal of selling 1.5 million electric vehicles (EVs), long before its predicted 2025 year mark, according to a report from nonprofit organization Veloz. David Hochschild, chair of the California Energy Commission (CEC) and Veloz public policy board, says this milestone is accelerating electric transportation to spread across the state and the United States. “For…

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Deutsche Bank to Cut 800 Jobs After Strong 1st Quarter

April 27, 2023
Business & MarketsCompaniesDeutsche Bankeconomic policieseconomyEuropeinflationInternationallayoffsMarketsrecessionresultsstocksWorld
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FRANKFURT—Deutsche Bank is to cut 800 jobs in a new cost-saving drive after reporting a bigger than expected rise in profit for the first quarter, a volatile period globally for finance companies. Germany’s biggest bank produced solid earnings at a time when banks had to be rescued in the United States and in Switzerland. The…

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Oil Prices Stabilize After Hefty Losses

April 27, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices were steady on Thursday after a price drop the previous day reversed the supportive impact of a surprise OPEC production cut announced this month. Brent crude was trading at $77.72 a barrel, up 3 cents, or 0.04 percent, by 1033 GMT, while U.S. West Texas Intermediate crude rose 1 cent or 0.01 percent…

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Stock Market Today: Global Shares up Ahead of US GDP Update

April 27, 2023
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsMedia & Big Techrecessionstocks
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TOKYO—Global shares were mostly higher Thursday ahead of the release of data that are expected to show the world’s biggest economy slowing in the first quarter of the year. Shares rose in Paris, Frankfurt, Tokyo, Hong Kong, and Shanghai but fell in London and Sydney. U.S. futures and oil prices were higher. The U.S. economy…

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Report Finds Wealthiest New Zealanders Pay Half the Tax of Most, Sparking Calls For Tax Hikes

April 27, 2023
Asia & PacificAustraliaBusiness & Marketscapital gains taxeconomic policiesInternationalNew Zealandwealth taxWorld
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Calls to increase the taxation of the wealthy have resurfaced in New Zealand after a report by the country’s tax department found that the wealthiest Kiwis paid less effective tax than most others. Inland Revenue (IRD) conducted a two-year investigation into how much tax the wealthy people in New Zealand pay based on the full…

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House Panel Debates Whether Biden-Era Energy Policies Benefit China

April 26, 2023
bidenBusiness & MarketsChinaChina Business & EconomyChina Human RightsClimate Policiescongresscritical mineralsDemocratseconomic policieseconomyenergyExecutive BranchFinance & Business TiesGlobal ExpansionhouseInfiltrating the WestInvestmentMarketsNational SecurityPolicies & ImpactsPoliticsRepublicansSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS NewsUS-China relations
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China’s gains and losses from energy policies during Joe Biden’s presidency were a contested topic during an April 26 hearing of the House Energy & Commerce Committee’s Environment, Manufacturing, and Critical Materials Subcommittee. “Until we increase U.S. capacity for critical mineral extraction and refining, increasing our reliance on renewable energy and EVs [electric vehicles] will…

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NTD Business (April 26): Disney Sues DeSantis After Privileges Revoked; House Republicans Vote on Debt Ceiling Bill

April 26, 2023
AIBusiness & MarketsCompaniesdebt ceilingdebt limitdedollarizationdesantisdisneyDollareconomic policieseconomyEpochTVGoogleLive VideosMarketsmicrosoftNTD Businesspersonal financeUSVideoyuan
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The House is voting on a Republican bill to raise the U.S. debt limit. What are lawmakers saying, and does it have any chance to pass? Disney is suing Florida Gov. Ron DeSantis, escalating the conflict to new heights. The company just had its special taxing powers revoked. Both Microsoft and Google had a heavy…

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Green Energy Transition Will Keep Inflation High, Norway’s Oil Fund Chief Warns

April 26, 2023
Business & Marketsclimate changeeconomic policieseconomyenergyGreenflationinflationInternationalUSWorld
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Climate change will keep inflation stubbornly high and result in low investment returns for an extended period, said Nicolai Tangen, the head of Norway’s $1.3 trillion oil fund. Tangen told the Financial Times on April 25 that “inflation is going to be tough to get down,” alluding to a multitude of factors, such as rising…

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