Wall Street ends down as US retail sales data crimps rate cut bets
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
Stocks finished lower after upbeat December U.S. retail sales data eroded expectations the Federal Reserve will kick off its rate-cut campaign as early as March.
The United States House of Representatives has passed a bill in favor of legislation targeting California’s environmental restrictions requiring the purchase of electric vehicles (EVs).
The State of California continues to rely on fossil fuels to supply electricity during the ongoing summer heat wave. Solar energy and wind energy are reportedly not able to match demands during the peak evening hours.
Icelandic authorities issued a warning to tourists and residents to avoid a recently erupted volcano that is spewing lava and toxic gasses from a crack in the southwest of the nation.
According to state investigators, the fire that caused a section of Interstate 95 in Philadelphia to collapse occurred when a truck driver took an off-ramp and accidentally drove into a wall.
Saudi Arabia will reportedly be cutting back on the amount of oil it exports to the world economy in an effort to support the sagging price of crude after two earlier supply cuts by major oil-producing nations in the OPEC+ alliance failed to do so.
According to the U.S. Department of Interior, Joe Biden and his administration have approved a limited version of ConocoPhillips’ $7 billion oil and gas drilling Willow Project in Alaska.
with Andrea Kaye – 01/25/2023