Author: News Room

Raw materials like lithium, cobalt, and manganese are critical to the world’s transition towards cleaner energy and lower emissions. But rising export restrictions on these increasingly precious commodities could threaten to slow the progress, according to a Tuesday report from the Organization for Economic Cooperation and Development. Export restrictions on critical raw materials have increased more than fivefold from 2009 to 2020 to reach more than 18,000 in total from various countries, according to the OECD. The new report estimates that about 10% of the global value of critical raw material exports are facing at least one export restriction measure…

A recent shooting at a Louisville, Kentucky, bank was especially personal for the city’s mayor, Craig Greenberg. Greenberg, a survivor of workplace gun violence himself, revealed that he had lost a close friend in the Monday morning attack. “Last year, I survived a workplace shooting. And now yesterday, I’ve lost a very close friend in another workplace shooting,” he said of Tommy Elliot, a senior vice president at the Old National Bank – where a gunman opened fire killing five. Last year, as a Democratic mayoral candidate, Greenberg had been the target of a shooting at his campaign headquarters. While…

Tens of thousands of Hongkongers who moved to the UK are being blocked from accessing as much as £2.2bn of pension assets, as activists accuse the city’s government of retaliating against those deemed “unpatriotic” following a political crackdown.The figures, released by UK advocacy group Hong Kong Watch on the eve of the first visit to the UK by a ministerial-level Hong Kong official since 2019, demonstrate how more than 90,000 people are being “punished” for emigrating under the British National (Overseas) programme, the group said.“It’s a blanket ban on BN(O) holders accessing the property that is theirs,” said Sam Goodman,…

SP500 Net Non-Commercial Futures established a new weekly record for the length of time it has averaged (negative) -200 with last week’s number of -321.5, more than 9 months of intense pessimism by this market psychology indicator. At the same time, the Household Survey and Establishment Survey Employment reports posted new post-COVID highs. Never has such a juxtaposition occurred. The SP500 has always strongly correlated with rising employment, SP500 vs Household Survey, but not this time. The past 9mos have been a duel of those investors who rely on economic signals vs those who rely on market prices. A rising…

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Disclaimer: The text below is an advertorial article that is not part of Cryptonews.com editorial content.The crypto market has been experiencing a phase of price consolidation, with Conflux (CFX) and Cardano (ADA) seeing limited movements in recent weeks. Meanwhile, Collateral Network (COLT) is taking center stage with 35x price predictions during its presale.>>BUY COLT TOKENS NOW<<Conflux (CFX)Conflux (CFX) is a high-performance and decentralized layer-1 public blockchain for decentralized applications (dApps) and Web3 infrastructure.   What sets Conflux apart is that it’s the only regulatory-compliant and public blockchain in China. This makes it an attractive option for investors and businesses in the Chinese mainland. Recently, Conflux…

Timing is everything. That was the lesson learned in a recent Tax Court case that resulted in a lost charitable deduction and capital gains tax. Here’s what happened. Background Commercial Steel Treating Corp., or CSTC, was founded in 1927 by the Hoensheid family. Over the years, the company performed well and remained in the family. By 2014, Scott Hoensheid and his two brothers, Craig P. Hoensheid and Kurt L. Hoensheid, held equal interests in CSTC. That same year, Kurt announced that he wanted out, and the remaining brothers were reluctant to take on debt to buy his shares—so they looked…

(Reuters) – U.S. money market funds drew inflows for a fourth straight week on worries about an economic slowdown after data pointed to slowing production and a cooling labor market. According to Refinitiv Lipper data, U.S. money market funds obtained a net $42.51 billion worth of inflows in the week to April 5. It was, however, the smallest weekly net purchase since March 8. Fund flows: U.S. domiciled equities, bonds and money market funds, https://www.reuters.com/graphics/USA-FLOWS/USA-FLOWS/lgvdkxleapo/chart.png Meanwhile, U.S. bond funds saw a surge in demand as they obtained a net $8.1 billion, the biggest amount since Jan. 11. Investors poured $2.81…

By Ambar Warrick Investing.com– Gold prices rose past key levels on Wednesday, boosted by safe haven buying after Minneapolis Federal Reserve President Neel Kashkari flagged a potential recession this year, with focus also turning to more U.S. economic cues due later in the day.  Kashkari said that rising interest rates and a slowdown in lending after the collapse of several U.S. banks could trigger a potential recession this year. But he also opined that allowing inflation to stay high would likely be worse. His comments come ahead of inflation data that is likely to have eased further in March. But…

© Reuters. Canoo (GOEV) secures Oklahoma City facility with lease agreement By Michael Elkins Advanced mobility and electric vehicle company, Canoo Inc (NASDAQ:) announced Monday that they have entered into a long-term lease agreement with an affiliate of AFV Partners, a related party, for its recently announced Vehicle Manufacturing Facility in Oklahoma City. Canoo will initially occupy close to 500,000 square feet, with the ability to expand. In phase 1, Canoo expects to employ more than 500 people, ramping teams over the coming months. “One of the reasons we picked Oklahoma is because it has one of the most amazing…