Business
Stocks climb as Wall Street cheers cooler inflation report
By Stan Choe, The Associated Press on December 13th, 2022
NEW YORK (AP) – Wall Street is climbing Tuesday after a report showed inflation cooled more than expected last month, raising the chances that the economy can avoid a recession. The S&P 500 was 1.6% higher in morning trading, adding to its last-hour rally from a day earlier built on anticipation of the inflation data. ... Read More »
Be the first to comment!Fusion breakthrough could be climate, energy game-changer
By Matthew Daly, Michael Phillis, Jennifer Mcdermott And Maddie Burakoff, The Associated Press on December 13th, 2022
WASHINGTON (AP) – Energy Secretary Jennifer Granholm announced a “major scientific breakthrough” Tuesday in the decades-long quest to harness fusion, the energy that powers the sun and stars. Researchers at the Lawrence Livermore National Laboratory in California for the first time produced more energy in a fusion reaction than was used to ignite it, something ... Read More »
Be the first to comment!US scientists announce fusion energy breakthrough
By Michael Phillis, Jennifer Mcdermott, Maddie Burakoff And Matthew Daly, The Associated Press on December 13th, 2022
WASHINGTON (AP) – Energy Secretary Jennifer Granholm announced a “major scientific breakthrough” Tuesday in the decades-long quest to harness fusion, the energy that powers the sun and stars. Researchers at the Lawrence Livermore National Laboratory in California for the first time produced more energy in a fusion reaction than was used to ignite it, something ... Read More »
Be the first to comment!Stocks leap on Wall Street after cooler inflation data
By Stan Choe, The Associated Press on December 13th, 2022
NEW YORK (AP) – Wall Street roared in relief Tuesday after a report showed inflation cooled more than expected last month, raising the chances that the economy can avoid a recession. The S&P 500 was 2.6% higher in early trading, adding to its strong last-hour rally from a day earlier built on anticipation of the ... Read More »
Be the first to comment!US scientists set to announce fusion energy breakthrough
By Michael Phillis, Jennifer Mcdermott, Maddie Burakoff And Matthew Daly, The Associated Press on December 13th, 2022
WASHINGTON (AP) – Energy Secretary Jennifer Granholm was set to announce a “major scientific breakthrough” Tuesday in the decades-long quest to harness fusion, the energy that powers the sun and stars. Researchers at the Lawrence Livermore National Laboratory in California for the first time produced more energy in a fusion reaction than was used to ... Read More »
Be the first to comment!Former FTX CEO Bankman-Fried hit with eight count indictment
By Ken Sweet, The Associated Press on December 13th, 2022
NEW YORK (AP) – U.S. prosecutors charged Sam Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes and campaign finance violations on Tuesday, alleging he played a central role in the collapse of FTX and hid its problems from the public and investors. Bankman-Fried was charged with eight ... Read More »
Be the first to comment!Business group calls on Ottawa to freeze higher EI, CPP premiums planned for new year
By The Canadian Press on December 13th, 2022
OTTAWA – A small business group is calling on the federal government to freeze upcoming increases to Canada Pension Plan and employment insurance premiums. The Canadian Federation of Independent Business says the higher payroll deductions planned for the new year will reduce the take-home pay of Canadians at a time when inflation is already eroding ... Read More »
Be the first to comment!Stocks open sharply higher as inflation cools in November
By Elaine Kurtenbach And Matt Ott, The Associated Press on December 13th, 2022
BANGKOK – Stocks are opening sharply higher on Wall Street after the government reported that inflation slowed dramatically last month. The S&P 500 jumped 2.5% in the early going Tuesday and the tech-heavy Nasdaq composite rose 3.3%. Treasury yields also fell sharply following the report showing that consumer prices rose 7.1% in November from a ... Read More »
Be the first to comment!US inflation slowed sharply to 7.1% over past 12 months
By Christopher Rugaber, The Associated Press on December 13th, 2022
WASHINGTON (AP) – Inflation in the United States slowed again last month in the latest sign that price increases are cooling despite the pressures they continue to inflict on American households. Consumer prices rose 7.1% in November from a year ago, the government said Tuesday. That was down sharply from 7.7% in October and a ... Read More »
Be the first to comment!TC Energy recovers nearly 2,600 barrels of oil and water from Keystone leak
By The Canadian Press on December 13th, 2022
CALGARY – TC Energy Corp. says it has recovered nearly 2,600 barrels of oil and water from a creek following a leak in its Keystone pipeline last week. The company says vacuum trucks and crews are operating around the clock with multiple booms set up downstream of the release point to contain the oil. TC ... Read More »
Be the first to comment!Wall Street soars on latest evidence that inflation slowing
By Elaine Kurtenbach And Matt Ott, The Associated Press on December 13th, 2022
BANGKOK – Wall Street futures jumped Tuesday after the government released its consumer prices report showing that inflation slowed more in November than analysts had expected. Futures for the Dow climbed 2.2% – or more than 700 points – and futures for the S&P 500 rose 2.7% before the bell. The government said Tuesday that ... Read More »
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