March 25 (Reuters) - Technip Energies and LanzaTech have been picked by the U.S government as potential recipients of up to $200 million in funding for a project to produce sustainable ethylene from captured carbon dioxide, they said on Monday.
The project, called SECURE, expects to provide 200 construction jobs and 40 permanent jobs, they added. (Reporting by Olivier Sorgho Editing by David Goodman)
The Oracle of Omaha has a simple solution.
For months, the West’s most respected military experts have been insisting that Vladimir Putin’s war machine is close to running out of steam in Ukraine. However, it is a prediction that seems completely at odds with the reality of life for millions of Ukrainians living close to the frontline.
While the current jobless rate is still historically low, its rate of increase could be a sign of deteriorating economic conditions.
(Reuters) -Inflation is easing and the job market has returned to the "tight but not overheated" situation seen before the COVID-19 pandemic threw the U.S. economy into disarray, the Federal Reserve said on Friday in a report to Congress that documented the steady emergence of more normal conditions in the aftermath of the health crisis. "Inflation eased notably last year and has shown modest further progress so far this year," the Fed said in its latest Monetary Policy Report to Congress, noting that in the key area of housing services it is likely just a matter of time before the pace of price increases settles back to where it was before the health crisis. "Labor demand has eased, as job openings have declined in many sectors of the economy, and labor supply has continued to increase, supported by a strong pace of immigration."
Most people won’t know the name Mariana Mazzucato. Yet the economist is about to have a significant impact on their lives.
The new chancellor says she has inherited a depleted economy that will create a “challenge” for Labour.
The 2024 election is quickly approaching. After four years of President Joe Biden, Nov. 5 will decide whether he serves another term or whether former President Donald Trump returns to the White...
Investors are looking to the June jobs report for signs of more softening in the labor market that could lay the ground for rate cuts.
The June employment report beat Wall Street projections, with the economy adding 206,000 jobs. RiverFront Global Fixed Income CIO Kevin Nicholson joins Market Domination to discuss the implications for markets and Federal Reserve policy. Nicholson has a muted response to the jobs data, noting there is "a lot of mixed data" in recent economic indicators. He emphasizes that the Federal Reserve is likely more focused on the core Personal Consumption Expenditures (PCE) index, forecasted to rise 0.21% month-over-month in June. "I think that's where their focus is going to be," Nicholson adds that the PCE print is "more important to the Fed than the Jobs report right now." Regarding his market outlook, particularly for bonds (^TYX, ^TNX, ^FVX), Nicholson predicts, "Right now, I think that the ten-year [Treasury yield] is pretty much range-bound between four and four and a half percent for the second half of the year." He dives into potential scenarios: "If we get the Fed to pull back and delay their rate cuts, we'll see the ten-year go back into that 4.35 to 4.50 range." However, he suggests that if the Fed implements rate cuts, the yield could potentially drop closer to 4%. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
The Prime Minister was asked whether he was willing to raise taxes if necessary.
Many commentators have been using adjectives like devastating and seismic to describe the significance of the election result.
Futures markets on Friday put an 83% probability of a quarter-point cut in the current federal-funds target range of 5.25% to 5.5% in September.
All three of the major US indexes (^DJI, ^IXIC, ^GSPC) closed out the shortened trading week with across-the-board gains, and the S&P 500 and Nasdaq Composite both set new record highs. State Street Global Markets macro multi-asset strategist Cayla Seder joins Market Domination Overtime to discuss the state of the market as June's jobs report marked the latest sign of economic cooling. "We have this kind of moderation that's going on... but the actual level is still quite strong. And so I think what that means is as we're assessing this data, we have to put some of this moderation into context. And so, yes, you have a headline figure in the NFP [nonfarm payroll] print today that was still above pre-COVID norms. But then you do see some signs of weakness underneath," Seder tells Yahoo Finance "However, if we take a step back, wage growth is still quite strong. JOLTS [Job Openings and Labor Turnover Survey] data implies that there are more job openings... than there are folks unemployed," Seder explains. When analyzed from that perspective, she believes that while an interest rate cut is in play for September from the Federal Reserve, "thus far, it looks like the economy is still perhaps too strong to expect a cut in the near term." She notes that "the market does have this habit of getting ahead of itself," when economic data is released: "I would caution folks from getting too excited about some signs of moderation and interpreting it as weakness and expecting too many cuts. Unless we're really going to start pricing in a recession, which thus far looks unlikely, it's going to be hard for the Fed to really deliver this large magnitude of cuts. And so it's much more likely, I think, that we're going to see a shorter and relatively shallow cutting cycle." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
The June jobs report showed unemployment approaching a three-year high and raised the pressure on the Fed to act on rate cuts in September.
It’s all over for Rishi Sunak now that his party has lost the general election in emphatic fashion – despite retaining his seat, this is surely the beginning of the end of his frontline political career as he serves out the last of his days as leader of the party.
Dua Lipa just rocked a tiny, see-through dress that was held together by safety pins, referencing Elizabeth Hurley's most iconic look
‘If they let him out, he was going to kill her,’ Lauren Johansen’s father said he warned a judge just days before his daughter’s death
Joe Biden vowed to beat Donald Trump “in 2020” as he pledged to stay in the presidential race and fight to save his re-election bid.
The Philippine Coast Guard (PCG) said on Saturday that China's largest coastguard vessel has anchored in Manila's exclusive economic zone (EEZ) in the South China Sea, and is meant to intimidate its smaller Asian neighbour. The China coastguard's 165-meter 'monster ship' entered Manila's 200-nautical mile EEZ on July 2, spokesperson for the PCG Jay Tarriela told a news forum. The PCG warned the Chinese vessel it was in the Philippine's EEZ and asked about their intentions, he said.
U.S. Commerce Secretary Gina Raimondo warned in April that 60% of all mature chips coming into the market will come from China.
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