NEW DELHI (AP) — Asia’s richest man, Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after liberalizing its economy in the 1990s. He’s now set his sights on becoming the world’s biggest renewable energy player, by 2030, adroitly aligning his investments with the government’s own priorities. As…
DETROIT (AP) — Tesla delivered its first electric semis to PepsiCo Thursday, more than three years after Elon Musk said his company would start making the trucks. The Austin, Texas, company formally delivered the trucks at a factory near Reno, Nevada. The event was livestreamed on Twitter, which Musk now owns. Musk drove one of…
Twitter has suspended rapper Ye after he tweeted a picture of a swastika merged with the Star of David. It is the second time this year that Ye has been suspended from the platform over antisemitic posts. Twitter CEO Elon Musk confirmed the suspension by replying to Ye’s post of an unflattering photo of Musk….
DETROIT (AP) — Members of the United Auto Workers union appeared on Friday to favor replacing many of their current leaders in an election that stemmed from a federal bribery and embezzlement scandal involving former union officials. Reform-minded candidates, many part of the UAW Members United slate, are leading or close in multiple key races…
BRUSSELS (AP) — The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil — a highly anticipated and complex political and economic maneuver designed to keep Russia’s supplies flowing into global markets while clamping down on President Vladimir Putin’s ability to fund his war in Ukraine. EU nations sought to…
WASHINGTON (AP) — Austan Goolsbee, who was a top economic adviser to President Barack Obama, has been chosen as the next president of the Federal Reserve Bank of Chicago, the regional Fed bank announced Thursday. Goolsbee, 53, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television…
WASHINGTON (AP) — The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell to 6.49% from 6.58% last…
Jacob Harold believes philanthropy needs more “strategic promiscuity” – battling the world’s problems using a variety of approaches. It’s an idea that mirrors his wide-ranging career. Harold was president and CEO of GuideStar before it merged with Foundation Center to form the even larger nonprofit information source Candid, which he co-founded. He worked with the…
WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve’s aggressive interest rate hikes. Applications for jobless aid fell to 225,000 for the week ending Nov. 26, a decline of 16,000 from the…
WASHINGTON (AP) — A measure of inflation that is closely monitored by the Federal Reserve eased but remained at an elevated level in October, likely reinforcing the Fed’s intent to keep raising interest rates to cool the economy and slow the acceleration of prices. Thursday’s report from the Commerce Department showed that prices rose 6%…
