The Trump administration is authorizing a major gas facility to export the fuel abroad — clearing a major hurdle in getting the controversial project approved. The Energy Department approved a permit for the Calcasieu Pass 2 (CP2) gas export project to sell gas to countries with which the U.S. does not have a free trade...
Mark Zandi, chief economist at Moody’s, said he thinks the risk for a recession is “uncomfortably high” as the markets react to President Trump’s tariff agenda. “The recession risks are uncomfortably high and they’re rising,” Zandi said Wednesday on CNN. “I think they’re less than 50/50, but it really does depend on the president, what...
The Israeli military said Wednesday that it had relaunched a ground offensive in Gaza following renewed airstrikes on the enclave a day prior, breaking a two-month ceasefire with Hamas. Israeli Defense Forces (IDF) began “targeted ground activities” in central and southern Gaza, partially retaking a key area in the territory known as Netzarim Corridor. The...
The White House on Wednesday condemned Democrats for not speaking out about attacks on Tesla dealerships and cars, doubling down on the Trump administration’s criticism over the recent targeting of Elon Musk’s company. “We certainly think it's despicable the violence that is taking place against Tesla, the company, its employees, and also just Americans who...
The European Union (EU) ordered Apple on Wednesday to take steps to open up its operating systems to competitors in order to comply with the bloc’s digital market regulations. The European Commission, the EU’s executive arm, laid out two sets of measures aimed at making it easier to for products and devices to work with...
Ukrainian President Volodymyr Zelensky on Wednesday put his support behind President Trump’s push for a limited ceasefire with Russia. “One of the first steps toward fully ending the war could be ending strikes on energy and other civilian infrastructure. I supported this step, and Ukraine confirmed that we are ready to implement it,” Zelensky said...
The Federal Reserve held interbank lending rates steady on Wednesday at a range of 4.25 to 4.5 percent despite some signs that the economy may be heading for a slowdown. The decision to keep rates where they are was in line with market expectations. The CME FedWatch prediction algorithm based on futures contract prices registered...
Vermont Republicans are demanding discipline for two Democrats who they say coordinated a disruption of a Detrans Awareness Day event in Montpelier at the Capitol