EUR/USD drifts higher above 1.0950 ahead of German Industrial Production – FXStreet
Early in Tuesday's European session, EUR/USD held steady around 1.0985. ECB policymakers continue to prepare for an accommodative policy stance. Traders have withdrawn their bets that the Fed will cut rates aggressively at its November meeting. EUR/USD extended its recovery to around 1.0985 in early European trading on Tuesday. Major currency pairs are rising while […]
Energy Giant Puts Goal To Drastically Cut Oil, Gas Production On Ice
European energy company BP has abandoned its pledge to cut oil and gas production by 2030, Reuters reported on Monday, as it seeks to boost investor confidence following a slide in its stock price. BP announces plans August 2020 Cut oil and gas production by 40% by 2030, before lowering the target to 25% in […]
U.S. crude oil falls nearly 3%, trades below $68 on report Saudi committed to production increase – CNBC
U.S. crude oil prices fell about 3% on Thursday after reports that Saudi Arabia intends to push ahead with production increases later this year. Saudi Arabia is ready to abandon its unofficial oil price target of $100 a barrel, a person familiar with the country's thinking said. Financial TimesSaudi authorities are ready to increase oil […]
Lionsgate Signs Deal with AI Company to ‘Save Millions’ in Film Production
Hollywood film studio Lionsgate has signed a deal with artificial intelligence company Runway to develop custom AI models to “save millions of dollars” on film productions. The deal comes as Lionsgate seeks to gain more control over the movie-making process at a time when the entertainment industry is grappling with the impact that AI will […]
Boeing Employees Go On Strike After Rejecting 25% Increase In Pay, With Production In Question
Union members react as Aerospace Machinists District 751 President John Holden (outside frame) announces that members will reject Boeing's proposed contract and go on strike following the results of a vote at union hall in Seattle, Washington, on September 12, 2024. Seattle-area Boeing workers voted overwhelmingly to strike on September 12, rejecting a contract that […]
Kamala Harris Claims Biden-Harris Administration Ramped Up Oil Production
CLAIM: Vice President Kamala Harris asserted Tuesday that the Biden-Harris administration is ramping up oil production. Verdict: False. The Biden-Harris administration has actively worked to curb domestic oil production. Former President Donald Trump said during Tuesday's presidential debate that Harris has proposed banning fracking. Harris said In response, Trump said, “My values have not changed. […]
U.S. allows increased Vyvanse production to help ADHD drug shortage
The U.S. Drug Enforcement Administration (DEA) has authorized a roughly 24 percent increase in production of Vyvanse to address a nationwide shortage of ADHD medications. The DEA approved the surge in production at the request of the Food and Drug Administration (FDA). According to the notice First reported Bloomberg NewsThe FDA's request was issued in […]
Ford Delays Production at Electric Vehicle Plant, Cancels All-Electric SUV
Ford Motor Co. has delayed production of an all-electric pickup truck at its electric vehicle (EV) factory in Stanton, Tennessee, and canceled plans to build an all-electric SUV. On Wednesday, Ford executives announced they were putting the brakes on investing in EVs. “…the percentage of Ford’s annual capital spending for pure electric vehicles will decrease […]
Giants hoping for tight end production from revamped 1-2 punch
None of the Giants’ tight ends are dating the world’s biggest pop stars, nor do they boast the on-field fame of Chiefs superstar Travis Kelce. With retired Pro Bowl player Darren Waller out of the team, the Giants are counting on third-year tight end Daniel Bellinger and rookie Theo Johnson, who is proving to be […]
Swing-state voters bash Bidenflation, overwhelmingly back more US energy production for national security
Is a Kamala crisis imminent? Research suggests it could be, due to oil and gas policies over the past few years. A new poll in seven battleground states suggests the Biden-Harris administration’s energy policies could dent its vice presidential hopes in November, and the former president’s ability to get cheap gas to America’s pumps could […]