OxyContin maker Purdue Pharma LP is nearing a partial agreement to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the matter said.
U.S. stocks rose on Wednesday, lifted by Apple a day after the launch of its latest iPhones and as China moved to ease trade tensions with the United States by exempting certain goods from additional retaliatory tariffs.
Utilities across the country are increasingly turning to wind when installing new power sources. It’s not only cheap, it’s green too.
In 2018, utilities chose wind for new generating capacity 21% of the time. And over the last 10 years, wind power made up 28% of all new U.S. generating capacity.
With 96,433 megawatts (MW) installed, the U.S. is now the second-largest market for wind power. Why is wind becoming so popular here?
With utilities, it’s all about the cost of power. And the price for wind power has been dropping like a stone in a vacuum.
In fact, wind power is now cheaper …read more […]
U.S. President Donald Trump on Wednesday called on the “boneheads” at the Federal Reserve to push interest rates down into negative territory, a move reluctantly used by other world central banks to battle weak economic growth that risks punishing savers and banks’ earnings in the process.
U.S. President Donald Trump’s pining for negative rates was widely panned on Wall Street where strategists and traders said such a move would be unjustified and extreme, and not advisable based on the experience in other countries.
U.S. producer prices unexpectedly rose in August, but the overall trend in producer inflation remains tame, cementing financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy.
A gauge of global equity markets climbed on Wednesday, encouraged by signs of a thaw in the trade war between the U.S. and China, while bond yields rose as investors remained uncertain about how aggressive the European Central Bank will be in providing stimulus at its Thursday meeting.
Hong Kong Exchanges and Clearing made a surprise $39 billion takeover approach for the London Stock Exchange on Wednesday, aiming to sabotage the LSE’s acquisition of data company Refinitiv and create a global trading powerhouse.
Britain’s finance ministry has said it will scrutinize Hong Kong Exchanges and Clearing’s attempted takeover of the London Stock Exchange, after the Asian bourse made a surprise $39 billion approach on Wednesday.
Many of us have a lot to be thankful for – food, shelter, health and wealth – but sometimes it’s not easy to count our blessings.
Today, Mark Ford shares how we can foster gratitude for the little – and big – things that make life wonderful.
I have a friend who is battling prostate cancer. Despite consistently bad medical reports, he spends no time cursing his fate, complaining about his circumstances or expressing gloominess of any kind.
He is upbeat, energetic, full of good ideas and humbly solicitous of my health and happiness.
I asked him recently how he manages to keep such …read more […]
Mexican President Andres Manuel Lopez Obrador said on Wednesday the U.S. threat of tariffs on Mexican goods has lessened, after his top envoy met U.S. President Donald Trump and other Washington officials to assess progress on reducing migration.
Facebook’s Libra cryptocurrency suffered another setback on Wednesday when Switzerland said the proposed payments system could face strict rules that typically apply to banks, on top of tough anti-money laundering laws.
As the Sino-U.S. trade war drags on, Beijing is throwing its door wide open to foreign investors as concerns grow over declining exports, capital flight and persistent yuan weakness.
– Strawberry Fields brings four dispensaries, manufacturing facilities, and over two acres of greenhouse cultivation facilities to the Company- Extends its successful branded cannabis products, including Devour, an award-winning and fast-growing brand of gummies in […]
U.S. stocks rose slightly on Wednesday as China’s move to ease trade tensions with the United States soothed investor nerves, while shares of Apple gained a day after the launch of its latest iPhones.
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