Michael Brochstein/ZUMA Press Wire / SplashNews.com / Michael Brochstein/ZUMA Press Wire / SplashNews.com Because of her late start in the 2024 presidential campaign, vice president and presumptive Democratic nominee Kamala Harris has not had much time to roll out an economic platform. She was expected to do so this week, though what she unveils might … Read more
Silver is down by more than 5%, skidding below $28.00 in Monday trading. XAGUSD took a nosedive to an almost three-month low as fears of a global economic slowdown has intensified following a string of US economic data that indicated the nation is moving towards a recession. Recent US data showed signs of slower labour … Read more
Silver (XAGUSD) fell sharply to near $28.70 in Thursday’s European trading after posting a fresh weekly high at $29.16. The white metal dropped as the US Dollar rebounds strongly, and the Caixin Manufacturing PMI surprisingly contracted in July. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, jumped higher to near … Read more
There’s a growing divergence between EU targets and national plans, and electrification is not happening quickly. Are voters turning their backs on the EU’s 2030 climate objectives? Year-to-date natural gas consumption is 3.1% down, to 195.6 bcm from 201.9 bcm in 2023. Milder weather has reduced household consumption. In general, the trend is downwards. Europe … Read more
Silver plummeted to near $29.00 in Friday’s American trading. The white metal faces an intense sell-off as the outcome of China’s third plenum meeting had less stimulus measures to address economic challenges and was more focusing more on “high-quality development”. The world’s second-largest economy struggles to maintain the economic growth momentum due to poor demand … Read more
West Texas Intermediate (WTI) recovered its intraday losses, trading around $80.00 per barrel in European markets on Wednesday. The decline in the US Dollar contributed support for the crude demand, underpinning the oil prices. Additionally, the oil price has support due to the declining U.S. stockpiles, the world’s largest oil producer and consumer. The American … Read more
Just days before he met with President Joe Biden for a face-to-face debate in June, Donald Trump sat down for an interview with Bloomberg Businessweek. The former president spoke about his views on everything from green energy and diet coke to foreign policy and his tax plan. He also floated JPMorgan Chase CEO Jamie Dimon … Read more
Facing a deadline just days away, New Jersey lawmakers Wednesday night introduced and quickly began approving a record new $56.6 billion state budget that’s backed by a new tax hike on large companies, adds some funding for property-tax relief, and includes big spending on public schools and pensions.But Democratic leaders once again faced objections from … Read more
Trump Income Tax and Tariff Proposals: Details & Analysis Skip to content Home • Blog • Five Things to Know about Trump’s Tariff and Income Tax Proposals Trump took his affinity for tariffs much further, floating the possibility of entirely replacing the federal income tax with new tariffs. He also raised other ideas like eliminating … Read more
Toyota has showcased next-generation engines at a media event with Subaru and Mazda, including 1.5 litre and 2.0 litre engines with reduced volume and height. The three companies aim to optimize integration with motors, batteries, and other electric drive units. The new engines will be compatible with alternative fuel sources such as e-fuels and biofuels. Toyota’s new 1.5 litre engine will achieve a 10% reduction in volume and weight compared to existing engines, while the new 2.0-litre turbo engine will have similar gains. Toyota is following a “multi-pathway” approach to carbon neutrality, with nearly two-fifths of its vehicles sold in January-March being petrol-electric hybrids. EVs are expected to reach a global market share of 30%, with hybrids, hydrogen fuel-cell, and fuel-burning vehicles making up the rest.