Futures Points To Slightly Higher Open For Wall Street

Ahead of the Thanks Giving day, Durable Goods Orders and New Home Sales as well as FOMC minutes might be the highlights on Wednesday. Russia’s latest targeted attack on Ukraine’s maternity hospital has killed a newborn.The death of six people in a mass shooting at a Walmart store in Virginia on Tuesday late at night is a matter of concern. […]

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New Zealand Delivers Biggest Rate Hike On Record

New Zealand’s central bank hiked its benchmark rate by a record 75 basis points and signaled more tightening despite looming recession. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to raise the Official Cash Rate to 4.25 percent from 3.50 percent. The bank has tightened its monetary policy by 400 basis points over the last nine […]

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Biden Urges Congress To Pass Legislation To Avert Rail Shutdown

President Joe Biden has urged Congress to immediately pass legislation to adopt a tentative agreement between railroad workers and operators – without any modifications or delay – to avert a potentially crippling national rail shutdown. This agreement was approved by labor and management negotiators in September. On the day that it was announced, labor leaders, business leaders, and elected officials […]

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Covid Test Positivity Rises Above 9% In US

The United States has reported 13 percent increase in coronavirus test positivity. As per the latest data published by the New York Times, 9.4 percent of people who are subjected to antigen test nationwide are diagnosed with coronavirus infection. This is the highest rate in many months. For most part of this year, test positivity rate has been consistently recorded […]

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Make or buy: Electric vehicle makers’ supply chain dilemma in India

With a million-odd electric vehicles (EVs) — two-wheelers, e-rickshaws, buses and passenger cars — expected to hit the road this calendar year, the shift from gasoline-powered vehicles has become irreversible. Now the question is whether the supply chain is ready for this shift. Key components — the high-powered lithium-ion battery and the cells which go with it, the electric motor, […]

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Domino’s Selects GM Chevrolet Bolt EV For Electric Pizza Delivery

Domino’s Pizza Inc. has partnered with automaker General Motors Co. for electrifying its pizza delivery. This month, the largest pizza company in the world will start delivering its products through more than 100 custom-branded 2023 Chevy Bolt electric vehicles. The vehicles will be available at select franchise and corporate stores throughout the U.S. An additional 700 electric vehicles will start […]

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European Shares Poised For Lower Opening Amid China Concerns

European stocks are seen opening on a tepid note Monday, as investors fret about weakening demand in China and repeated rate hikes by the Federal Reserve to cool inflation. Asian markets traded mostly lower after three people died in Beijing over the weekend and the country logged a record jump in daily cases, despite a stringent zero-COVID policy. Authorities locked […]

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Hollywood Blacklist Launched 75 Years Ago At Waldorf Conference: Here’s How It Went Down

Today marks the 75th anniversary of the Waldorf Declaration, which on November 25, 1947, officially launched the Hollywood Blacklist. On that day, the heads of the major studios, with a few notable exceptions, agreed after a contentious two-day conference at the Waldorf-Astoria in New York City to ban the Hollywood Ten and to not “knowingly” employ Communists. And so began […]

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Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Friday, despite the broadly negative cues from Wall Street overnight, as traders remained cautious amid the mixed cues about the outlook for global interest rates after the recent hawkish comments from several US Federal Reserve officials. Asian markets ended mostly lower on Thursday. In remarks at an event hosted by Greater Louisville […]

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