Author: Press Room
Stay informed with free updatesSimply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox.The Biden administration has moved to choke off China’s role in the US’s electric vehicle supply chain with rules that critics allege will slow the transition from petrol-fuelled cars.The US Treasury announced on Friday that from next month no US-manufactured EVs that include Chinese-made battery components will be eligible for the full subsidies offered by President Joe Biden’s $369bn landmark climate law.Nor will EVs qualify for the Inflation Reduction Act incentives if they are made by companies with significant ties to the…
© Reuters. FILE PHOTO: Workers walk past a street sign in the Canary Wharf financial district, ahead of a Bank of England decision on interest rate changes, in London, Britain, August 3, 2023. REUTERS/Toby Melville/File Photo By Tommy Wilkes LONDON (Reuters) -Banks will need to account for a third of the emissions linked to their capital markets deals when they report their carbon footprint, after an industry-led standard setter launched a long-awaited methodology on Friday. Disagreement between banks over how much of the emissions should be apportioned to them delayed a decision, considered a crucial part of making emissions reporting…
NHTSA opens investigation into GM’s Chevy Volt over sudden loss of power The National Highway Traffic Safety Administration (NHTSA) announced Friday that the U.S. auto safety regulator is opening an investigative probe into 73K Chevrolet Volt plug-in hybrid cars. The investigation stems from consumer reports of sudden loss of power, failures to restart and other issues. The NHTSA said it was opening the preliminary evaluation concerning the 2016 to 2019 Chevrolet Volt models due to 61 complaints associated with the Battery Energy Control Module (BECM). Several of these complaints highlighted instances where drivers experienced sudden or minimal warnings before encountering…
SPDR Bloomberg Barclays International Treasury Bond ETF declares monthly distribution of $0.0308
Sandra Day O’Connor, the first woman on the United States Supreme Court, a rancher’s daughter who wielded great power over American law from her seat at the center of the court’s ideological spectrum, died on Friday in Phoenix. She was 93.The Supreme Court announced her death in a statement, saying the cause was complications of dementia. She grew up in Arizona and lived there most of her life.In a public letter she released in October 2018, when she was 88, the former justice, who had not been seen in public for some time, announced that she had been diagnosed with…
George Santos was just expelled from the House of Representatives.But he could still enjoy all sorts of perks afforded to former lawmakers.That includes access to the House floor, lawmakers-only gym and dining facilities, and more. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Rep. George Santos of New York was expelled from the House on Friday.The scandal-plagued Republican apparently expected that to happen, declaring during a profanity-laden tirade against his colleagues that he would wear his expulsion “like a badge of honor.”He was expelled…
Portrait of young businesswoman working with laptop at coworkinggetty In the race towards a vibrant, diverse, and inclusive tech ecosystem, Miami is setting its sights on a vision that bridges the gap between cultural acceptance, access to capital, and innovation. Now Dell (DELL -0.36%) for Startups and Florida Power & Light Company along with Endeavor Miami will center its efforts on Black-led businesses based in Florida. Due to this South Florida is tapping the growing recognition of the untapped potential of Black founders and the city’s unique cultural fabric that fosters diversity and acceptance. The Breakdown You Need To Know:…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Donald Tusk has signalled a sharp shift towards green energy in Poland and a tougher approach to its state energy company, triggering early tensions within his pro-EU coalition as it awaits taking office this month.An energy bill proposed by Tusk’s Civic Coalition party this week would make state-controlled oil and gas company Orlen pay for household energy subsidies while slashing restrictions on the building of wind farms, in a sign of a shift away from the energy policies of the outgoing rightwing…
© Reuters. FILE PHOTO: Chicago Fed President Austan Goolsbee heads into the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming, U.S., August 24, 2023. REUTERS/Ann Saphir/File Photo (Reuters) – Chicago Federal Reserve President Austan Goolsbee said on Friday he believes inflation is “on track” to reaching the U.S. central bank’s 2% target, driven in coming months by what he expects to be a decline in housing inflation. “It’s working through in the way we’ve anticipated,” Goolsbee said at an economic symposium at the regional Fed bank, adding that there is “no evidence” that inflation has stalled at 3%,…
Why Is Domo (DOMO) Stock Rocketing Higher Today What Happened: Shares of data visualization and business intelligence company Domo (NASDAQ:) jumped 10.3% in the morning session after the company reported third quarter results that topped analysts’ EPS estimates. Its revenue and RPO (remaining performance obligations) also slightly beat Wall Street’s projections, and its EPS guidance for the next quarter came in better than expected. Notably, the company delivered the highest Non-GAAP operating income in history of $5 million, coupled with a historic operating margin of 6%. This suggests a potential improvement in the company’s operating leverage, even though it continues…