A turning point depends on more than Biden’s relief package. One of the hottest topics in personal finance right now is the prospect of student loan forgiveness. The proposed Biden plan would wipe out up to $20,000 in federal loans for some borrowers earning less than $125,000 a year or $250,000 for spouses. It could … Read more
London CNN Business — Global renewable energy capacity is expected to grow as much over the next five years as it has over the past two decades, as soaring energy prices and the climate crisis force governments to move away from fossil fuels. In a report released on Tuesday, the International Energy Agency predicts a … Read more
CNN — Officials in Hawaii have activated the state National Guard to help respond to the eruption of Mauna Loa, whose lava has been oozing steadily toward a critical highway for days. The lava fountains that erupted from the volcano over the past week pose no threat to communities or property, officials said. Still, the … Read more
WASHINGTON (AP) — A former Miami congressman who signed a $50 million consulting contract with Venezuela’s socialist government was arrested on Monday for money laundering and representing a foreign government without registering. David Rivera, a Republican who served from 2011 to 2013, was arrested at the Atlanta airport, said Marlene Rodriguez, spokeswoman for the U.S. … Read more
PORTLAND, Ore. (AP) — Tuesday marks the first-ever U.S. auction of leases to develop commercial-scale, floating wind farms in deep waters off the West Coast. The live online auction for the five leases – three off California’s central coast and two off its northern coast – has generated strong interest, and 43 companies from around … Read more
Ford F-150 Lightning trucks manufactured at the Rouge Electric Vehicle Center in Dearborn, Michigan. Courtesy of Ford Motor Co. DETROIT – Approximately 65% of Ford Motors Dealerships have agreed to sell electric vehicles as the company invests billions to expand production and sales of battery-powered cars and trucks, CEO Jim Farley said Monday. About 1,920 … Read more
CNBC’s Jim Cramer listed four reasons why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are re-entering the labor market. This makes it harder for the Fed to eradicate wage inflation. There is a gap between job offers and job seekers. While many engineers are needed to implement the measures … Read more
New York CNN — Detergent and home care brand Laundress has recalled about eight million products due to the possible presence of bacteria that may pose a health risk to consumers. The recalled items, made by the expensive boutique brand between January 2021 and September 2022, include its laundry detergents, fabric softeners and cleaning products. … Read more
KYIV, Ukraine (AP) — Moscow unleashed another massive missile barrage in Ukraine on Monday, hitting homes and buildings and killing civilians, hours after the Kremlin claimed Ukrainian drones struck two airbases deep inside inside Russian territory. The unprecedented attack in Russia threatened a major escalation in the nine-month war because it hit an airfield housing … Read more