The global diesel market is deteriorating, a concerning economic signal and food for thought for bullish oil traders.
April 18, 2024Search
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Philadelphia Judge Rejects $25M Jury Verdict in Truck Crash
A state judge of the Philadelphia Court of Common Pleas in March erased a “clearly inappropriate” $25 million jury verdict for punitive damages in a 2019 truck-involved accident lawsuit.
April 18, 2024US to Provide $6.1 Billion for Micron Technology Chip Plants
WASHINGTON — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips.
April 18, 2024Firms Fret Over Any Lengthy Baltimore Port Closure
The closure of the Port of Baltimore has so far not led to broad price increases, though firms are concerned about any extended shutdown, according to a Federal Reserve report.
April 18, 2024US Reimposes Oil Sanctions on Venezuela
MIAMI — The Biden administration on April 17 reimposed crushing oil sanctions on Venezuela.
April 18, 2024NYC Congestion Plan Adds Money to Offset N.J. Harm, MTA Says
New York City’s congestion pricing plan will now include funds to help alleviate potential pollution issues the new tolling program may spark in New Jersey.
April 17, 2024Virginia Touts Robust Economic Growth in Richmond Region
Virginia state and Henrico County officials touted a series of grand openings, including an Amazon robotics fulfillment center and a Coca-Cola Consolidated distribution facility.
April 17, 2024Five Auto Haulers to Merge as Backer Files for IPO
Five auto carriers look set to merge, with the combined entity likely to then add to its assets by buying up competitors, if an initial public offering pans out as planned.
April 17, 2024US to Reimpose Venezuela Oil Ban Unless Maduro Acts Quickly
President Joe Biden’s administration intends to reimpose oil sanctions on Venezuela if Nicolas Maduro’s regime does not take steps to honor an agreement to allow a fairer vote in elections.
April 17, 2024Fed’s Powell: Elevated Inflation Will Likely Delay Rate Cuts
WASHINGTON — Federal Reserve Chair Jerome Powell cautioned April 16 that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year.
April 16, 2024