Defense officials from Chile convened a meeting at the bottom of the planet on Thursday in a bid to bolster their territorial claims in Antarctica as tensions escalate over Russia’s maneuvers in the polar region. Lawmakers from Chile’s parliamentary defense committee flew to a desolate air base for a meeting billed as an assertion of…
Oil edged lower in early Asian trade, weighed by reduced bets for Fed rate cuts that would boost the U.S. economy and demand for energy. https://www.wsj.com/articles/oil-edges-lower-weighed-by-reduced-fed-rate-cut-bets-888e899a
As the unofficial start to the summer arrives, experts are warning of an increase in shark activity along the popular Memorial Day weekend spot in Cape Cod, Massachusetts. Researchers with the New England Aquarium on Thursday issued an advisory for people returning to the pristine waters on Cape Cod. John Chisholm, an adjunct scientist at…
Gold edges higher in early Asian trade. Although the market has “sold off rather drastically” in the last few days, Fx Empire said the precious metal market was bullish. https://www.wsj.com/articles/gold-edges-higher-on-bullish-sentiment-3aaa8be3
Confidence among U.K. consumers rose a little in May, with easing inflation and the expectation of falling Bank of England interest rates set to boost Britons’ spending power. https://www.wsj.com/articles/u-k-consumer-confidence-improves-as-inflation-cools-further-0ff12d78
For block after block through the small city of Greenfield, Iowa, the destructive power of an EF-4 tornado that ripped apart more than 100 of the town’s homes in just one minute is evident in the muddy, shattered mess left behind. All along the mile-long swath Thursday was the deafening clamor of heavy equipment scooping…
While Matthew Stafford was and remains entrenched as the Los Angeles Rams’ starting quarterback, the team last year used a fourth-round draft pick on two-time College Football Playoff national championship-winning quarterback Stetson Bennett. The former Georgia Bulldogs star was expected to be Stafford’s backup during his rookie season and the foreseeable future. But Bennett was…
China’s largest chipmaker SMIC rose to third spot in global foundry revenue in the first quarter, according to Counterpoint Research. https://www.cnbc.com/2024/05/23/chinas-smic-is-now-worlds-third-largest-chip-foundry-counterpoint.html
Breaking with more than a century of policy, the NCAA will pay billions in damages to former athletes and allow schools to pay athletes up to $20 million per year https://www.wsj.com/articles/ncaa-revenue-athletes-settlement-0b53306d
Flooding in Brazil’s Rio Grande do Sul state ravaged nearly everything needed for economic activity, from local shops to factories, farms and ranches. The environmental catastrophe — unprecedented in state history — upended transportation, including the airport in the capital Porto Alegre, which is expected to remain shuttered for months. Segments of major highways are…