Business

Governor Gretchen Whitmer announced Wednesday that Norwegian company Nel Hydrogen will build a $400 million “giga plant” in Michigan to manufacture equipment that produces hydrogen fuel. Although the plant is described in a press release as “automated,” the investment will also create more than 500 “well-paying clean energy manufacturing jobs.” The factory site has not …

Michigan wastes $400 million hydrogen fuel “giga plant,” Whitmer declared Read More »

The Federal Reserve raised its main interest rate above 5% but indicated that the rate may be raised because banking turmoil increases the risk of a recession in the United States. However, Federal Reserve Chairman Jerome Powell said that economic developments may require further tightening. The S&P 500 turned slightly lower as Powell spoke, as …

The Fed may take a stroll, but Powell leaves the doubt; S&P 500 Waves Read More »

a job By Christine Parks, Fox News May 3, 2023 | 1:48 p.m Beer giant Anheuser-Busch is trying to salvage its relationship with Bud Light distributors that faced angry customers after the brand partnered with social media influencer Dylan Mulvaney. The brewer ignited a firestorm last month when it celebrated Mulvaney’s “365 Days of Girlhood” …

Free Bud Light was offered to distributors due to the Dylan Mulvaney controversy Read More »

US stocks It rose on Wednesday after the Federal Reserve (the US central bank) announced that it would raise interest rates by 0.25% as expected. The S&P 500 (^GSPC) rose 0.4%, while the Dow Jones Industrial Average (^DJI) was flat. The technology-heavy Nasdaq Composite (^IXIC) rose 0.8%. In addition to raising its benchmark interest rate …

Stocks Rise After Fed Announces 0.25% Interest Rate Hike: Stock Market News Today Read More »

Why it matters: RSV can be fatal The US Food and Drug Administration (FDA) estimates that respiratory syncytial virus (RSV) is associated with 6,000 to 10,000 deaths each year in adults 65 and older and at least 60,000 hospitalizations in that age group. It is a major killer of children worldwide. This winter, respiratory syncytial …

An approved RSV vaccine for the elderly Read More »

New York (CNN) JPMorgan Chase, the largest bank in the US, is growing even bigger. As the size of the bank swells, so does the potential risk it poses to the country’s financial system. The Federal Deposit Insurance Corporation said early Monday that c. B. Morgan Chase (JPM) He bought most of First Republic’s assets …

JPMorgan may be the banking sector’s biggest hero — or biggest risk Read More »