Nuclear reactor in Georgia delayed due to vibrations in cooling system
Georgia Power announced Thursday that vibrations found in the cooling system of its second new reactor will delay the reactor’s start of power generation. Plant Vogtle’s Unit 4, the largest subsidiary of Atlanta-based Southern Corp., won’t begin commercial operations until sometime in the second quarter of 2024, or between April 1 and June 30. Announced. […]
Volvo stops funding Polestar electric sports car brand amid cooling EV market
Volvo Cars announced Thursday that it will end funding for electric sports car brand Polestar Automotive. new york post report. Volvo shares soared more than 30% after the company announced it would withdraw funds from its subsidiary. Polestar could be handed over to China-based Geely Holding, Volvo’s largest shareholder. CNBC It was reported that Geely […]
Biden touts cooling inflation, but prices are up sharply from 2021
Former President Reagan economist Art Laffer talks about inflation, recession concerns, and the impact of the election on the economy. President Biden hailed December's inflation report as a sign of progress in combating high prices. The data suggested the road back to normalcy could be bumpy. “We saw the prices of goods and services important […]
December jobs report may show ‘cooling trend’ in the labor market
FreedomWorks Senior Economist Steve Moore provides insight into the current state of the economy on How to Make Money. All eyes will be on the December jobs report, released Friday morning, as investors look for clues about the health of the labor market in the face of rising interest rates and persistently high inflation. A […]