Month: June 2022
From milligrams to gigatons: Start-up that sucks carbon dioxide from the atmosphere is building a big new plant in Iceland
Christoph Gebald (left) and Jan Wurzbacher, co-founders of Climeworks. Photo courtesy Climeworks Carbon dioxide removal start-up Climeworks announced on Tuesday it is building a second commercial sized plant in Iceland. When fully operational in 18 to 24 months time, the plant will capture and store 36,000 metric tons per year of carbon dioxide. That’s a […]
Read More
Snoop Dogg on the current crypto winter and future of NFTs: ‘Every great industry has a downfall’
Perhaps the most prominent celebrity figure in the Web3 zeitgeist is Snoop Dogg, but for Snoop being an early adopter is nothing new. In 2014, the rap icon was part of a $50 million investment into Reddit, which valued the company at around $500 million at the time. Today, the platform is worth $15 billion, […]
Read More
Stocks making the biggest moves midday: Nike, Las Vegas Sands, Boston Beer and more
Disney store is seen in Times Square, New York City. Nick Pfosi | Reuters Check out the companies making headlines in midday trading. Nike — Shares of Nike fell more than 5% even after the sportswear company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. The company said it anticipates flat to […]
Read More
New car quality declined sharply this year with supply chain problems, says J.D. Power
Billboards at the Ziegler Cadillac, Buick and GMC Dealership in Lincolnwood, Illinois, the United States. U.S. General Motors Co. Joel Lerner | Xinhua News Agency | Getty Images New vehicle quality declined by 11% this year amid parts shortages, shipping snarls and global trade disruptions, according to J.D. Power’s 2022 Initial Quality Study. Buick, Dodge […]
Read More
U.S. blocks gold imports from Russia in latest round of sanctions targeting Putin’s war
The Treasury Department on Tuesday announced that the U.S. and a handful of key economic allies will prohibit imports of Russian gold, Moscow’s largest export outside of the energy sector. The expanded sanctions represent the latest effort by the U.S. and some of its Group of Seven partners to target Russian President Vladimir Putin and […]
Read More
Chinese electric vehicle maker Li Auto to raise $2B from U.S. investors in a new stock offering
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images Chinese electric vehicle maker Li Auto said Tuesday that it plans to raise $2 billion from U.S. investors through an “at-the-market” stock offering, in which […]
Read More
Jan. 6 hearing: Former Meadows aide Cassidy Hutchinson to testify on Trump White House
A former top aide to ex-President Donald Trump’s chief of staff Mark Meadows is set to testify Tuesday before the House select committee investigating the Jan. 6 storming of the U.S. Capitol during a surprise hearing announced just a day earlier, NBC News reported. Cassidy Hutchinson, the former White House aide, made waves last week […]
Read More
Cathie Wood: NFTs, DeFi, digital wallets will become important, huge opportunities
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, speaks during the Milken Institute Global Conference on May 2, 2022 in Beverly Hills, California. Patrick T. Fallon | AFP | Getty Images Ark Invest CEO Cathie Wood said Tuesday that digital property rights related to non-fungible tokens (NFTs) and decentralized finance (DeFi) that […]
Read More
Scottish government seeks independence vote in October 2023
Scottish First Minister Nicola Sturgeon has called for a second vote on Scottish independence. Andy Buchanan | Afp | Getty Images Scottish First Minister Nicola Sturgeon said on Tuesday that the Scottish parliament would publish an independence referendum bill with a planned date for a vote on secession to take place on Oct. 19, 2023. […]
Read More
Home price increases slowed in April for the first time in months, S&P Case-Shiller says
People walk into a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Home price increases slowed ever so slightly in April, but it is the first potential sign of a cooling in prices. Prices rose 20.4% nationally in April compared with the same month […]
Read More