DOE announces carbon capture funding to kickstart climate industry

DOE announces carbon capture funding to kickstart climate industry

Direct air carbon removal projects are like giant vacuum cleaners that suck planet-warming carbon dioxide out of the air and lock it away. They use chemicals to remove the gas from the air and store it in rocks deep underground or put it to use in materials like concrete. Nature can do this on its … Read more

Elon Musk says he doesn’t plan to donate to GOP super PACs in upcoming elections

Elon Musk says he doesn’t plan to donate to GOP super PACs in upcoming elections

Billionaire entrepreneur Elon Musk says he has no current plans to fund a Republican super PAC in the upcoming US elections, including any that opposes President Joe Biden in the 2024 presidential race. The Tesla and SpaceX CEO, who is listed by Forbes as the wealthiest person in the world, told CNBC in an email … Read more

Will the stock market drop 20% or 48% from the peak? Here’s the key factor, says this strategist.

Will the stock market drop 20% or 48% from the peak?  Here’s the key factor, says this strategist.

“Is the economy under control or is it spiraling out of control? That’s the million-dollar question traders continue arguing over, ”sums up CrackedMarket blogger Jani Ziedins. Clearly, the latter argument prevailed – again – after Wall Street’s worst day in two years, and futures hinting of more pain for Thursday. Among the gloomsters, Guggenheim’s Scott … Read more

EXPLAINER: Why is Wall Street close to a bear market?

EXPLAINER: Why is Wall Street close to a bear market?

NEW YORK (AP) – The bears are rumbling toward Wall Street. The stock market’s skid this year has pulled the S&P 500 close to what’s known as a bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have caused investors to reconsider the prices they’re willing to … Read more

Tough questions await SEC Chair Gensler as he seeks funding for his regulatory agenda

Tough questions await SEC Chair Gensler as he seeks funding for his regulatory agenda

Gary Gensler, Chair of the U.S. Securities and Exchange Commission, takes his seat before the start of the Senate Banking, Housing, and Urban Affairs Committee hearing on Oversight of the U.S. Securities and Exchange Commission on Tuesday, Sept. 14, 2021. Bill Clark | CQ-Roll Call, Inc. | Getty Images SEC Chair Gary Gensler is testifying … Read more

5 things to know before the stock market opens Wednesday, May 18

5 things to know before the stock market opens Wednesday, May 18

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE US stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank 24% in the premarket, … Read more

Elon Musk Does Not Fear A Recession

Elon Musk Does Not Fear A Recession

Elon Musk makes the news. He is everywhere. The chief executive officer of premium electric vehicle maker Tesla (TSLA) – Get Tesla Inc Report is somewhat reminiscent of former Republican President Donald Trump when the latter was in office. Like Trump, Twitter is Musk’s main communication channel. Like the real estate developer, the tech tycoon … Read more

House Democrats to hold hearings, introduce legislation

House Democrats to hold hearings, introduce legislation

House Democrats will hold hearings on the baby formula shortage in the US, and move to pass legislation to increase Food and Drug Administration inspection staff to ensure that imported products are safe for infants to consume. Rep. Rosa DeLauro, chair of the House Appropriations Committee, introduced legislation on Tuesday that would provide the FDA … Read more

Terra crash sharpens Washington’s attention on crypto regulations

Terra crash sharpens Washington’s attention on crypto regulations

The collapse of the stablecoin TerraUSD USTUSD, + 1.03% has made waves in Washington, attracting the attention of the nation’s top policymakers and adding urgency to an ongoing debate in Congress about cryptocurrency regulation. At its peak in early May, TerraUSD, also known by its ticker UST, was the third most popular stablecoin, with a … Read more

Crypto industry wields its influence in Washington after pouring over $ 30 million into campaigns

Crypto industry wields its influence in Washington after pouring over $ 30 million into campaigns

Jtsorrell | Istock | Getty Images US Rep. Ritchie Torres, DN.Y., called on New Yorkers to support the cryptocurrency market in a March op-ed in the New York Daily News titled, “A liberal case for cryptocurrency.” “With a multi-billion dollar market capitalization, crypto is here to stay. It’s not going anywhere. New York City should … Read more