Iron ore leader Rio Tinto has signed a pact with the world’s biggest steelmaker as investors demand ways to curb the climate impact of the steel and mining industries. Under the memorandum of understanding signed with China Baowu in Shanghai, the two companies pledged to play a leading role in transforming one of the world’s…
[ATL:NOW, 6/13 at 9:30AM ET] California’s Oppressive Policies Are Coming to a State Near You: Siyamak Khorrami
June 12, 2023
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American Thought LeadersBusiness & MarketsCaliforniaCalifornia crimeCalifornia Education FundingCalifornia energy priceCalifornia Gov. Gavin NewsomCalifornia taxesCalifornia unionCrime & Public Safetyeconomic policiesEducation & Family NewsenergyEpochTVLeaving CaliforniaLeaving California: The Untold StoryLive VideosNorthern CaliforniaOrange County Communitypeople leaving californiapersonal financePolicies & ImpactsRegional & State NewsRegional Newssiyamak khorramiSouthern CaliforniaSouthern California OC NewsState NewsUSUS NewsVideo
From crime to cost of living, education to energy policy, the golden state of California is becoming unlivable for middle-class residents. As a result, people are fleeing the state at alarming rates. “We didn’t have this 10 years ago. We didn’t have the theft. We didn’t have the homelessness. We didn’t have all these problems,”…
Oil Prices Fall, US Fed Rate Decision in Focus
LONDON—Oil prices fell $2 on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank’s appetite for further rate hikes, while concerns about China’s fuel demand growth and rising Russian crude supply weighed on the market. Brent crude futures fell $1.91, or 2.5 percent, to $72.88 a barrel by…
European Stocks Rise Ahead of Inflation Data, Central Bank Meetings
June 12, 2023
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LONDON—European stocks rose in early trading on Monday and world stocks were just below 13-month highs ahead of key inflation data and U.S. Federal Reserve and European Central Bank meetings later in the week. After lacking direction during Asian trading, market sentiment picked up in early European trading, as investors waited for U.S. CPI data…
Power Bills to Jump by Almost 30 Percent in One Australian State
Regional Queenslanders are set to feel the most pressure on their power bills as the highest power price increase of almost 30 percent was announced. The Queensland Competition Authority (QCA) released the final decision on regulated real electricity prices on June 9, with the price increase starting from July 1. The households in regional Queensland…
Windfall Tax to Be Scrapped If Oil and Gas Prices Fall to ‘Normal Levels’
The government has announced it will remove the windfall tax on oil and gas companies if energy prices fall to “normal levels.” The temporary windfall tax was announced last year by then-Chancellor Rishi Sunak to fund a relief package for households struggling with rising bills following Russian President Vladimir Putin’s invasion of Ukraine. The levy…
GM Will Join Tesla’s EV Charging Network, Making It the De Facto Industry Standard
June 9, 2023
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General Motors said it will adapt its electric vehicles to the Tesla Supercharger network, after Ford Motor Co. made a similar deal last month. This move will all but ensure that Tesla’s charging ports will become the North American standard. On June 8, GM CEO Mary Barra revealed in a talk with Tesla CEO Elon…
Labour Backtracks on £28 Billion Green Investment Pledge
Labour has watered down its multi-billion-pound “green prosperity plan,” saying it will prioritise “financial stability” if it wins the next general election. The opposition party had promised in 2021 to invest £28 billion a year until 2030 in green projects if it came to power. The plan, billed as the party’s answer to U.S. President…
Oil Price Gains Capped by Demand Fears
LONDON—Oil prices rose on Friday and were broadly flat on the week as concern over oil demand growth was balanced by Saudi output cuts. Brent crude futures rose 36 cents, or 0.5 percent, to $76.32 a barrel by 0932 GMT while U.S. West Texas Intermediate crude was up 34 cents, or 0.5 percent, at $71.63….
Global Shares Edge Up as Fed Pause Bets Bolster Sentiment
June 9, 2023
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LONDON, TOKYO—Global equities were set for a small weekly gain on Friday following a Wall Street rally overnight, as rising bets the Federal Reserve will skip a rate increase next week overshadowed worries about U.S. markets being drained of cash. MSCI’s broad index of global shares edged 0.2 percent higher, on track for a weekly…
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