Wholesale inflation in US edged up in July from low levels
Wholesale price increases in the United States picked up slightly in July yet still suggested that inflationary pressures have eased this year since reaching alarming heights in 2022
2023-08-11 20:46
Severe floods in China's northern province killed 29 and caused tens of billions of economic losses
Severe floods in China’s northern province of Hebei brought by the remnants of Typhoon Doksuri this month killed at least 29 people and caused tens of billions in economic losses
2023-08-11 20:18
Energy Department announces largest-ever investment in 'carbon removal'
The Department of Energy announced Friday it is awarding up to $1.2 billion to two projects that promise to remove carbon dioxide from the air in what officials said was the largest investment in “engineered carbon removal” in history
2023-08-11 17:18
UBS ends rescue packages from Swiss gov't that paved way for Credit Suisse takeover
UBS says it has shut down rescue packages agreed with Swiss authorities that made available up to 200 billion Swiss francs (about $230 billion) to help shepherd through its takeover of ailing rival Credit Suisse and avert an international banking crisis
2023-08-11 16:51
British economy unexpectedly grows by 0.2% in second quarter largely because of June weather boost
The British economy unexpectedly grew in the second quarter of the year largely as a result of a strong rebound in June when many businesses, particularly in the leisure sector benefited from the warm and settled weather
2023-08-11 16:27
Chinese tech giant Huawei reports sales, profit up despite US sanctions
Chinese tech giant Huawei says its revenue rose 3% over a year earlier and its profit margin widened in the first half of 2023 despite sanctions that limit its access to U.S. processor chips
2023-08-11 16:24
Stock market today: Asian stocks decline after US inflation edges higher
Asian stock markets are lower after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy
2023-08-11 14:18
EPA weighs formal review of vinyl chloride, toxic chemical that burned in Ohio train derailment
The Biden administration says it could soon launch a formal evaluation of risks posed by vinyl chloride, the cancer-causing chemical that burned in a towering plume of toxic smoke following the fiery train derailment in East Palestine, Ohio
2023-08-11 12:23
FTX founder Sam Bankman-Fried returns to New York as prosecutors push for his incarceration
FTX founder Sam Bankman-Fried is returning to New York City for a bail hearing
2023-08-11 12:15
Family of Henrietta Lacks files new lawsuit over cells harvested without her consent
The family of Henrietta Lacks has filed another lawsuit accusing a second company of unjustly profiting off her cells for generations
2023-08-11 06:51
Singapore solar company plans major US manufacturing plant in New Mexico, pending federal loan
Singapore-based Maxeon Solar Technologies plans to build a major solar panel manufacturing plant in Albuquerque, pending approval of a loan application with the U.S. Department of Energy
2023-08-11 06:48
Fund sued over grant program for Black women enlists prominent civil rights attorneys to fight back
Attorneys for an Atlanta-based venture capital firm being sued over a grant program investing in Black women have vowed to fight back against the lawsuit calling it misguided and frivolous
2023-08-11 06:47