Biden Signals He Will Use Executive Powers to Address Climate Change
President Biden on Wednesday called climate change “an emergency” and said he was prepared to use executive powers to take action unilaterally. Photo: Evan Vucci/Associated Press
We're in a recession. Prep your portfolio accordingly.
President Joe Biden is coming to Central Ohio to attend the long-awaited groundbreaking of Intel Corp.'s $20 billion semiconductor facilities in New Albany, according to multiple reports citing a White House memo.
Under the bill President Joe Biden is scheduled to sign into law Tuesday, companies will face a new 1% excise tax on purchases of their own shares
Ukrainian forces said they used a kamikaze drone to strike a Russian observation tower in the Belgorod region of Russia.Video posted on August 15 shows an explosion underneath the tower before it bends and falls in a remote location in the Grayvoronsky district of Belgorod.The same video was posted by Army FM, a radio station owned and operated by Ukraine’s Ministry of Defense.According to local media, the strike occurred close to the Ukrainian border, in the Grayvoronsky district of Belgorod on Sunday.Anton Gerashchenko, a Ukrainian government official, said the targeted tower was “probably used to monitor Ukrainian military.”According to Russian Telegram channel Mash, the tower was struck on Sunday but said it was not of particular value. Credit: Third Force via Storyful
The Federal Reserve's hawkish message on inflation registered quickly in U.S. housing markets this summer as mortgage rates shot up and home sales slowed. But that was the one prominent and anticipated adjustment across an economy that has met the U.S. central bank's most aggressive shift of monetary policy in a generation with a relative shrug. For a central bank whose influence on the economy runs through financial markets, it was evidence of potential struggles still to come.
The short answer is not great, as its economy isn't as robust as thought and its housing market is under duress.
“We are at the edge of war with Russia and China on issues which we partly created, without any concept of how this is going to end or what it’s supposed to lead to.” Kissinger added that foreign policy is “very responsive to the emotion of the moment.” On Taiwan, he advised being “very careful” in measures that seem to change the structure of the relationship with China, without directly criticizing the recent visit by House Speaker Nancy Pelosi.
Two months ago, federal officials told states that depend on the Colorado River to make plans for major cuts. Negotiations have yet to produce a deal.
Taiwan is home to the world’s biggest chip maker, TSMC, and sits next to one of the busiest shipping lanes.
LONDON (Reuters) -Germany's Bayer said it has decided to continue supplying Russia with essential agricultural inputs, reversing course from comments made in March that supplies for 2023 would be contingent on Russia stopping its attacks on Ukraine. Bayer in March stopped all spending in Russia and Belarus not related to essential products and threatened to withhold essential supplies like seeds and pesticides if Moscow continued its "unprovoked attacks" on Ukraine. Its about-turn on Monday comes in the wake of a deal signed by Russia, Ukraine, the United Nations and Turkey on July 22 to allow grains exports through three Ukrainian Black Sea ports previously blocked by Russia's Black Sea fleet.
VFWs in Minnesota and Indiana called 3M's shifting of its subsidiary Aearo to chapter 11 bankruptcy in an effort to resolve lawsuits around its earplugs "shameful and an affront to the values we fought to defend."
We need a Fed that will stand behind tariffs, hold China accountable for currency manipulation and incentivize U.S. producers to create jobs in the US.
A group of German air force fighter jets neared Singapore on Tuesday in a marathon bid to fly them some 12,800 kilometers (8,000 miles) from their home base to Southeast Asia in just 24 hours. The exercise comes at a time of heightened tensions between China and the U.S. and its allies over Taiwan and demonstrates the ability for a European nation to move air power quickly to the region. The European Union unveiled a new strategy in September for boosting economic, political and defense ties in the Indo-Pacific.
Deputy President William Ruto has a narrow lead over ex-Prime Minister Raila Odinga in the latest count.
The U.S. Federal Reserve is hiking interest rates at the most aggressive pace in a generation, but the financial conditions it needs to tighten to tame soaring inflation are heading in the wrong direction. A rally in equities and falling government bond yields since the Fed's June hike means financial conditions are actually loosening, despite the U.S. economy having been hit with a combined 150 basis points of rate hikes at that meeting and the next one. Financial conditions reflect the availability of funding in an economy.
This story has been updated to reflect the election results and related developments.
(Bloomberg) -- US House Speaker Nancy Pelosi’s Taiwan trip was only the most high-profile in a series of moves by Congress that are forcing President Joe Biden to test Beijing’s red lines -- whether he wants to or not. Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedDOJ Opposes Release of Affidavit in Trump Search,
Satellites owned by private companies have played an unexpectedly important role in the war in Ukraine. For example, in early August 2022, images from the private satellite company Planet Labs showed that a recent attack on a Russian military base in Crimea caused more damage than Russia had suggested in public reports. Ukrainian President Volodymyr Zelenskyy highlighted the losses as evidence of Ukraine’s progress in the war. Soon after the war began, Ukraine requested data from private satelli
(Bloomberg) -- China’s surprise interest-rate cut has done little to allay concern over the property and Covid Zero-led slowdown, with economists and state media calling for additional stimulus.Most Read from BloombergSaudi Billionaire Made $500 Million Russia Bet at War Onset‘Next Generation’ Moderna Coronavirus Booster Jab Approved for Use in AdultsWells Fargo Plans Major Retreat From Mortgage Business It Long DominatedDOJ Opposes Release of Affidavit in Trump Search, Citing ProbeMuch of the U
Photo Illustration by Kelly Caminero/The Daily Beast/GettyFormer President Donald Trump’s long history of imprudent tweets may have come back to haunt him—by strengthening any Justice Department case that the documents he improperly kept after leaving the White House were still indeed top secret.“It is poetic how much of this litigation—were he to be charged—will be determined by his own actions,” said Kel B. McClanahan, a national security lawyer who teaches at George Washington University.That