OMAHA, Neb. (AP) — The mining company that wants to extract a rare heat-resistant element from the ground under southeast Nebraska says a new report shows the deposit it plans to mine holds a significant amount of other rare elements. NioCorp Developments said Thursday that the latest analysis shows the amount of rare earth elements…
NEW YORK (AP) — The federal government is investing in machines that suck giant amounts of carbon dioxide out of the air in the hopes of reducing damage from climate change. The Department of Energy said Thursday it will release $3.5 billion to groups developing direct air capture and other technologies that remove carbon dioxide,…
TORONTO (AP) — Wireless carriers in Canada won’t be allowed to install Huawei equipment in their high-speed 5G networks, the Canadian government said Thursday, joining allies in banning the giant Chinese technology company. Canada had been the only member of the Five Eyes intelligence-pooling alliance not to bar or restrict use of equipment from Huawei…
NEW YORK (AP) — Here’s the latest sign ESG investing is now mainstream after starting as a niche corner of Wall Street: It’s become the target of Republican politicians and billionaire Elon Musk amid the nation’s cultural schism. To use an ESG approach is to consider a company’s performance on environmental and other measures before…
WASHINGTON (AP) — President Joe Biden’s pick to be the Federal Reserve’s top banking regulator pledged Thursday to help reduce high inflation and provide “clear rules” to govern financial innovation. “I strongly believe that inflation is far too high today and I’m committed to bringing it down to the Federal Reserve’s target of 2%,” Michael…
Harley-Davidson announced a two-week suspension of vehicle assembly and most shipments, citing a regulatory compliance issue with one of its suppliers. Shares tumbled almost 8% Thursday. The decision was made Wednesday “out of an abundance of caution” after the company received information from a supplier of one of its component parts, Harley-Davidson said. The company…
Sales of previously occupied U.S. homes slowed for the third consecutive month in April as mortgage rates surged, driving up borrowing costs for would-be buyers as home prices soared to new highs. Existing home sales fell 2.4% last month from March to a seasonally adjusted annual rate of 5.61 million, the National Association of Realtors…
WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated modestly this week, but interest on the key 30-year loan remains at decade-high levels. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate slipped to 5.25% from 5.3% last week. By contrast, the average rate stood at 3% a year ago. Earlier this month, the…
Single father Billy Price was already struggling to make ends meet before someone broke into his Michigan storage unit, stole his identity and ruined his credit. Price filed a police report, and then tweeted about it to Bill Pulte, a multimillionaire who he’d heard uses Twitter to give money to those in need. “They took…
NEW YORK (AP) — Kohl’s Corp. cut its annual earnings and sales forecast, as the department store chain joins a string of retailers stung with soaring inflation. The reduction, announced Thursday, came as it reported fiscal first-quarter results that came below analysts’ expectations. Sales at stores opened at least year, a key measure, dropped 5.2%…
