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SAN JUAN DE COLON, Venezuela (AP) — The freight company owned by Alfredo Rosales and his brothers was hustling, its 50 or so trucks constantly on the go hauling about 1 million tons of coal, cement, flour and other goods every year in commerce between Venezuela and Colombia. Their work came to an abrupt halt in 2015, when the socialist government of Venezuelan President Nicolas Maduro shut down border crossings with its neighbor after years of deterioriating relations with conservative Colombian
WASHINGTON (Reuters) -A group representing General Motors, Toyota Motor, Volkswagen and other major automakers said a $430 billion bill approved Sunday by the U.S. Senate will put achieving U.S. electric-vehicle adoption targets for 2030 in jeopardy. "Unfortunately, the EV tax credit requirements will make most vehicles immediately ineligible for the incentive," said the Alliance for Automotive Innovation's chief executive, John Bozzella, adding the bill "will also jeopardize our collective target of 40-50% electric vehicle sales by 2030." The group had warned Friday that most EV models would not qualify for a $7,500 tax credit for U.S. buyers under the bill.
Canadians can seek to churn out monthly passive income of $100/week with stocks like Sienna Senior Living Inc. (TSX:SIA) for the rest of 2022. The post Canadians: How to Churn Out $100/Week TAX FREE in Passive Income for the Rest of 2022 appeared first on The Motley Fool Canada.
SINGAPORE (Reuters) -Oil prices bounced higher from multi-month lows on Monday as investors' appetite improved following data on U.S. jobs and Chinese exports data that eased recession concerns. Brent crude futures had risen 81 cents, or 0.9%, to $95.73 a barrel by 0638 GMT. Both contracts settled higher on Friday after jobs growth in the United States, the world's top oil consumer, unexpectedly accelerated in July.
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WASHINGTON (AP) — Democrats pushed their election-year economic bill toward Senate approval early Sunday, starting the sprawling collection of President Joe Biden’s priorities on climate, energy, health and taxes on a pathway that the party hopes will end in final congressional passage by the end of this week. The evenly divided Senate voted Saturday to begin debating the legislation 51-50, with Vice President Kamala Harris breaking the tie and overcoming unanimous Republican opposition. A dwind
BEIJING (AP) — The capital of China's Hainan province has locked down its residents for 13 hours on Monday as a COVID-19 outbreak grows on the tropical island during the summer school holidays. The temporary lockdown of Haikou city from 7 a.m. to 8 p.m. follows an ongoing and indefinite lockdown of the beach resort of Sanya since Saturday — which is confining vacationers to their hotels for a week — and lockdowns that started in four other cities in Hainan on Sunday. More than 470 new cases were
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NEW YORK (AP) — The stylized action romp “Bullet Train," starring Brad Pitt, arrived with a $30.1 million opening weekend, according to studio estimates Sunday, as the last big movie of Hollywood's summer recovery landed in theaters. The “Bullet Train” debut for Sony Pictures was solid but unspectacular for a movie that cost $90 million to make and was propelled by Pitt's substantial star power. Even if it holds well in coming weeks, movie theaters have no major studio releases on the horizon fo
Stocks tend to go up in the long run. Therefore, buying a basket of diversified stocks on dips should lead to above-average, long-term returns. The post 2 Stocks I Own and Will Buy More of if They Fall appeared first on The Motley Fool Canada.
Billionaire hedge fund manager Ray Dalio's huge popularity in China has not only drawn local investors flocking to his funds but also spawned home-grown challengers using his "All Weather" strategy and brand to try to beat him at his own game. Now, the Connecticut-based hedge fund giant he founded, Bridgewater Associates, is pushing back. In recent months, Bridgewater registered in China several "All Weather" trademarks in English and Chinese, an effort to tackle the "confusion" created by local copycats, said Joanna Alpert, Bridgewater China's portfolio manager.
BEIJING (AP) — Asian stocks were mixed Monday after strong U.S. jobs data cleared the way for more interest rate hikes and Chinese exports rose by double digits. Shanghai and Tokyo advanced while Hong Kong and Seoul retreated. Oil prices edged higher. Wall Street's benchmark S&P 500 lost 0.2% on Friday after government data showed American employers added more jobs than expected in June. That undercut expectations a slowing economy might prompt the Fed to postpone or scale back plans for more ra
(Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc's bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Despite the huge net loss, "the results show Berkshire's resilience," said James Shanahan, an Edward Jones & Co analyst who rates Berkshire "neutral."
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The 2022 Taihu Bay Future Healthcare Conference held Thursday in Wuxi City in east China's Jiangsu Province witnessed the launch of Wuxi Intellectual Property Protection Center with 52 biomedical projects contracted, involving a total of more than 30 billion yuan investment.
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"Let him prove to the public that Twitter has <5% fake or spam daily users!," Musk said in a tweet. He also started a poll asking users whether less than 5% of Twitter daily users are fake/spam. Twitter on Thursday dismissed a claim by Musk that he was hoodwinked into signing a $44 billion agreement to buy the company.
No matter your situation, there are simple ways to put yourself on better footing as economic uncertainty increases
More than 1,800 Unifor members, including nearly 1,000 voting delegates, from across the country arrive in Toronto this weekend before Monday's start to the union's 4th Constitutional Convention, where delegates will elect a new National President and vote on key priorities and initiatives.