It’s official: deflation in EVs looks to be upon us. Following in the footsteps of Tesla, which has aggressively slashed prices since the beginning of 2023, Ford is now lowering the starting prices of its […]
The Dow Jones Industrial Average led the stock market lower Thursday, as the banking crisis escalated with sell-offs in regional banks PacWest (PACW) and Western Alliance (WAL). Apple (AAPL) climbed on strong earnings after the […]
Uncertainty continued to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon that the worst of the recent crisis is over and the health of the banking system remains […]
A Republican plan to cut federal spending in exchange for lifting the United States government’s debt ceiling would lower employment, slow economic growth and “meaningfully increase” the likelihood of a recession, Moody’s Analytics’ chief economist […]
New York lawmakers passed a state budget Tuesday that bars the use of natural gas in new residential buildings, the first such law in the nation. The provision will take effect in 2026 for buildings […]
May 4, 2023 Data source: U.S. Energy Information Administration, 2020 Residential Energy Consumption Survey (RECS) Note: Average temperature derived from National Oceanic and Atmospheric Administration (NOAA) weather data for RECS sampled households. U.S. households consumed […]
SEOUL, May 3 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. has successfully developed a new floating liquefied natural gas (FLNG) facility model with shorter delivery times. The company announced on Tuesday it obtained a […]
(Bloomberg) – Norway’s biggest oil and gas companies are reviving exploration plans in Arctic waters, as the government agitates for fresh discoveries in the Barents Sea to secure the country’s future as a key energy […]
SEOUL (Reuters) – The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of their currencies for bilateral transactions, such as current account transactions […]
Coal may be a viable source of rare earth elements, according to a study, critical in the manufacturing of high-demand products like batteries and solar panels. The Clean Coal Technology research group at the University […]
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