The U.S. Nuclear Regulatory Commission (NRC) has certified the design for the first American-designed small modular nuclear reactor (SMR). The NRC issued its final ruling in the Federal Register on Jan. 19 to certify the emissions-free small modular reactor by the Oregon-based NuScale Power, which will take effect on Feb. 21. The final determination prevents the SMR from…
US Certifies First Small Modular Nuclear Reactor Design for Use
January 26, 2023
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Business & MarketsCompanieseconomyenergygreen energyInvestmentnuclear reactorPolicies & ImpactsSMRUS
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Tesla Posts Record Profit Despite Slashing Prices Amid Waning Demand
Tesla posted record profits and revenues for 2022, despite slashing prices on a number of its electric vehicles in a bid to bolster sales as the auto industry faces waning demand. The electric vehicle maker posted (pdf) $24.32 billion in revenue for the fourth quarter ended Dec. 31, up 37 percent year-over-year from $17.7 billion in the same…
Former Tesla CFO and Major Shareholder Testify in Elon Musk Fraud Trial
On the sixth day of the ongoing class-action lawsuit against Tesla founder Elon Musk, former CFO Deepak Ahuja took the stand. Ahuja was questioned as a witness to any dealings between the electric car company and the Saudi government’s Public Investment Fund (PIF). While being questioned by defense prosecutors, Ahuja stated that the contents of…
West Virginia Targets Proxy Voting in Fight Over ESG
January 25, 2023
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2024 electionBusiness & MarketsCompanieseconomic policieseconomyenergyEnvironmentESGGold and CommoditiesInvestmentMarketsPolicies & ImpactsPoliticsRepublicansRiley MooreScienceSocial IssuesstocksUSUS NewsWest VirginiaWorld Economic Forum
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In a Jan. 25 interview with The Epoch Times, West Virginia Treasurer Riley Moore outlined a new state bill intended to ensure that proxy voting for shareholders isn’t a vehicle for environmental, social, and governance (ESG) principles that undercut the interest of those shareholders. “ESG is obviously a nonsensical investment strategy that has been distorting…
Americans Want Investment Funds to Maximize Profit, Not to Chase Woke Goals, Poll Reveals
January 25, 2023
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Business & Marketseconomic policieseconomyESGInvestmentinvestment fundspersonal financePoliticsSocial IssuesUS
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A new poll reported that most Americans do not want investment firms to spend their retirement money on so-called woke goals like climate change and would prefer that they focus on maximizing profits for retirement. The exclusive poll was published by Breitbart News on Jan. 24 and conducted by CRC Research for the 85 fund….
Twenty-Five Percent of Homebuyers Looking to Shift to New Metro Areas Due to High Cost of Housing: Report
January 25, 2023
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Business & Marketseconomyhome affordabilityhome buyershome searchershousing marketInvestmentmortgage ratesreal estaterelocationUSUS Real Estate
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Roughly a quarter of Redfin homebuyers looked to move to a different metropolitan area in the fourth quarter of 2022 owing to home affordability issues, with places like Sacramento, Las Vegas, and Phoenix topping the list of destinations. In fourth quarter 2022, 24.6 percent of Refin users wanted to shift to a new metro area,…
Musk Testifies Over ‘Funding Secured’ Tweet in Tesla Investors’ Class Action Lawsuit
A lawsuit about a tweet that Elon Musk made years ago continues, concluding its fifth day on Tuesday. Musk testified for roughly three more hours in a federal trial over a class-action lawsuit alleging he misled Tesla shareholders with a tweet from Aug. 7, 2018. He defended himself against claims that he illegally manipulated Tesla’s…
Investing: The Year Ahead for Bonds
By Nellie S. Huang From Kiplinger’s Personal Finance If there’s any truth to the adage “It’s always darkest before the dawn,” then the sun should be heating up the bond market sometime soon. Despite a short rally in December, the bond market suffered its worst decline in decades, thanks to the Federal Reserve’s swift and…
3M to Cut 2,500 Manufacturing Jobs as US Economic Outlook Sours
The large U.S. manufacturer 3M said that it intends to cut more than 2,000 jobs as the economic outlook signals more turbulence this year. The St. Paul, Minnesota-based industrial and consumer goods maker had about 95,000 employees at the end of 2021, according to securities filings. The company’s CEO, Mike Roman, said he plans to cut…
Airbnb for Profit: What You Need to Do
If you have a large house, empty apartment, or additional properties, you might be a candidate to host an Airbnb. However, to do it right and make a profit, it will take an investment of time. But what kind of investment does it take? And can you make a profit renting out your place? Know…
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