TOKYO—Global shares were mixed Wednesday after Wall Street indexes finished little changed as investors awaited earnings results from major global companies. The U.S. government will release economic growth data for the fourth quarter on Thursday. Economists expect the economy expanded at an annual pace of less than 1 percent, down from 1.9 percent in the…
Global Shares Mixed, China Markets Closed for Holidays
January 25, 2023
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Australia’s Wholesales Electricity Prices Drop in the 2022 December Quarter
Australia’s wholesale electricity prices have decreased considerably after reaching record highs in 2022 due to disruptions from Russia’s invasion of Ukraine, local power station malfunctions and supply issues. According to the latest Australian Energy Market Operator (AEMO) quarterly energy report, the average wholesale electricity in the National Energy Market (NEM), which covers all states and…
Capitol Report: Pence Hands Over Classified Documents; DOJ Sues Google Over Advertising Monopoly
Classified documents were found at former Vice President Mike Pence’s home. How are the White House and lawmakers reacting, as scrutiny over President Joe Biden’s classified files continues to grow? Democrats take a trip to the White House to discuss raising the debt limit. Senate Minority Leader Mitch McConnell tells NTD about the House Republicans’…
Gasoline Prices Surge as Consumer Demand Rises in January
January 24, 2023
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Rising U.S. consumer demand, combined with a rise in the price of crude oil, has led to an increase in gas prices at the pump. The national average price for a regular gallon of gas was at $3.46 on Jan. 24, according to data from the American Automobile Association (AAA). The auto association attributed much of…
Wind Turbine Failures Becoming More Frequent, Wind Power Costs Rise as Wildlife Affected Negatively
Wind turbines across the United States have been failing more frequently in recent times, triggering concerns about additional costs resulting from such failures as well as their impact on wind-power projects. Offshore wind farms, deployed in the name of environmentalism, are now seen as disastrous for ocean life. Some turbine failure include the one in…
Energy Support and Debt Interest Send UK Public Borrowing to Record High
January 24, 2023
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Business & Marketseconomic policieseconomyenergygovernment borrowingIain Duncan SmithinflationRishi SunakUKWorld
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The UK’s public borrowing rose to another record high last month as a result of the mounting cost of the government’s energy support schemes and soaring debt interest. According to the latest figures released by the Office for National Statistics (ONS), UK public sector borrowing reached £27.4 billion in December 2022, the highest December figure…
California Zero-Emission Vehicle Sales Increase by Over 100 Percent in Two Years, Accounts for 40 Percent of US Sales
January 24, 2023
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The sale of zero-emission vehicles (ZEV) in California has risen by more than 100 percent in two years, with the state making up 40 percent of U.S. sales of such vehicles in 2022 and roughly 19 percent of all cars sold in California. According to data from the California Energy Commission, 18.8 percent of all…
Oil Steady as China Reopening Is Balanced by Economic Concerns
January 24, 2023
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LONDON—Crude oil prices were steady on Tuesday as concerns about a global economic slowdown and expected build in U.S. oil inventories were offset by hopes of a fuel demand recovery from top importer China. Brent crude was down 30 cents, or 0.3 percent, at $87.89 a barrel by 1010 GMT. U.S. West Texas Intermediate (WTI)…
World Shares Mixed After Tech Gains Power Wall Street Rally
January 24, 2023
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BANGKOK—World stocks were mixed Tuesday after a Wall Street rally driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation. Germany’s DAX edged 0.1 percent lower to 15,086.68 while the CAC 40 in Paris gained 0.2 percent to 7,024.63….
Biden Will Veto GOP Bill Restricting Strategic Petroleum Reserve Releases: Energy Secretary
January 24, 2023
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President Biden will veto a House Republican bill that would restrict the release of oil from the U.S. Strategic Petroleum Reserve (SPR) emergency reserve, Energy Secretary Jennifer Granholm said on Jan. 23. “If Congress were to pass H.R. 21, the president would veto it. He will not allow the American people to suffer because of the…
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