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News & Updates

May 23, 2022 Abbott CEO apologizes for the formula shortage as the first overseas shipment arrives

Source: NPR

The CEO of Abbott, the company whose voluntary recall of several widely sold baby formula brands helped trigger a nationwide formula shortage, has apologized for the crisis, as the first overseas shipment of formula approved by...

May 9, 2022 Grid operators warn of electricity shortage amid switch to renewables: Report

Source: Fox News

"I am concerned about it," MISO Chief Executive John Bear told the Wall Street Journal in a report Sunday. "As we move forward, we need to know that when you put a solar panel or a wind turbine up, it’s not the same as a thermal...

May 6, 2022 US worker productivity fell at the fastest rate in nearly 75 years

Source: CNN

US labor productivity tumbled by 7.5% in the first quarter of 2022 – the largest decline in worker output per hour since 1947, according to Labor Department data released Thursda

May 2, 2022 Is a recession on the way? What data says about the economy

Source: NBC

nalysts are working to digest a host of signals about the state of the U.S. economy, which emerged from a pandemic recession stronger than anyone could have believed.

April 12, 2022 Danish offshore wind firms to build world’s first green-fuel service operation vessel

Source: Electrek

Ørsted reports that batteries and dual fuel engines capable of sailing on renewable e-methanol produced from wind energy and biogenic carbon will power the SOV. The company says that will lead to a yearly CO2 emissions reduction...

April 12, 2022 New York pension leaders back calls for less fossil fuel financing

Source: Yahoo Finance

New York pension officials on Monday said they will support shareholder resolutions filed at major banks seeking quick cuts to financing of new fossil fuel development, pushing climate issues to the fore of another springtime...

April 11, 2022 Opinion - The S&P 500 will plunge 11% by the end of 2022 as 'inflation shock' sparks a recession, Bank of America says

Source: Yahoo Finance

Investors are in for a world of pain in 2022 as an inflation-induced recession will spark another correction in the stock market, Bank of America said in a Friday note. "Inflation causes recessions," BofA stated bluntly, and...

April 11, 2022 Most Americans blame Putin and oil companies for higher gas prices, poll indicates

Source: Politico

A significant majority of Americans blame Russian President Vladimir Putin for the recent spike in America’s gas prices, but almost as many blame oil companies, according a new ABC News/Ipsos poll released Sunday.

April 5, 2022 Dimon says confluence of inflation, Ukraine war may ‘dramatically increase risks ahead’ for U.S.

Source: CNBC

Jamie Dimon, CEO and chairman of the biggest U.S. bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder letter.

March 11, 2022 Amazon announces 20-for-1 stock split, $10 billion buyback

Source: CNBC

Amazon announced its first stock split since the dot-com boom, telling investors on Wednesday that they’ll receive 20 shares for each share they currently own. The stock soared 6% in extended trading.

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