“You keep squeezing the toothpaste tube, you keep rolling it up, you keep raising rates, and you know things are going to break, you just don’t know when and where,” Kevin O’Leary told CNBC’s “Street Signs Asia” on Thursday. “I am telling investors that I work with and I advise … let’s wait 90 days … Read more
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VIENNA, July 20 (Reuters) – Moscow has still not let the UN’s nuclear watchdog inspect the roofs of reactors at Russia’s Zaporizhzhia nuclear power plant in Ukraine, the watchdog said on Thursday, two weeks after it first requested what it called “essential” access. On July 4, Russia and Ukraine accused each other of plotting to … Read more
Saudi Arabia has been working on its own brand of electric vehicles, Ceer, and plans to install 50,000 domestic EV charging stations by 2025. The U.S. and China are also bringing brands to the Mideast. GM is preparing to launch the Cadillac Lyriq, GMC Hummer EV and Chevrolet Bolt EUV in the Middle East this … Read more
Stocks have given back some of their impressive first-half gains in recent days. The Labor Department’s June readout of nonfarm payrolls showed a job market that’s beginning to ease. Twitter accused Meta of stealing trade secrets in the development of its new Threads app. Traders on the floor of the NYSE, July 6, 2023. Source: … Read more
The damage was extensive in Jay and other western Maine towns after nearly six inches of rain fell in only a few hours. The washouts crumbled some state and side roads, many of which are still being fixed. Richard asked the CBS13 I-Team: “It seems like we’re seeing more and more damage from recent storms. … Read more
Smoke from the wildfires burning in Canada is blowing south and causing dangerous air quality in New York state for the second time in a month. “This is not something that we’re talking about future generations dealing with,” New York Gov. Kathy Hochul said. “We are truly the first generation to feel the real effects … Read more
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The U.S. dollar has been king in global trade for decades — not just because the U.S. is the world’s largest economy, but also because oil, a key commodity needed by all economies big and small, is priced in the greenback. Most commodities are also priced and traded in U.S. dollars. But since the Federal … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The U.S. dollar is the most powerful currency that exists today. Yet analysts have been warning of the dollar’s impending doom since its rise to prominence in 1971. 10:22 Fri, Apr 8 20228:00 AM EDT Source link
CNN Business — As technology continues to revolutionize the way people live, work and spend, central banks around the globe have kicked off efforts to reinvent their local currencies for the digital era. Now, the United States is the latest to signal “urgency” in researching a potential digital version of its dollar via a Central … Read more