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WASHINGTON, Dec 7 (Reuters) – The U.S. Congress is expected to start voting as early as Wednesday on a massive military policy bill that includes authorizing up to $10 billion in security aid and accelerated arms procurement for Taiwan, as China exerts pressure on the democratically governed island. The compromise version of the annual National … Read more

WASHINGTON, Dec 7 (Reuters) – Two senior Republican lawmakers on Wednesday sharply criticized the U.S. Energy Department’s decision to award Microvast Holdings (MVST.O) $200 million over ties to the lithium battery company with the Chinese government. In October, Texas-based Microvast won a US$20 million grant from the department to help build a new electric vehicle … Read more

(Reuters) – The U.S. Senate on Wednesday confirmed to the bench a prominent Minnesota lawyer who last year helped successfully prosecute former Minneapolis police officer Derek Chauvin for the murder of George Floyd. Jerry Blackwell was one of President Joe Biden’s four nominees for federal district courts to be confirmed on Wednesday, with senators voting … Read more

GBP/USD is looking to move activity above 1.2200 amid improving investor risk appetite. The US Dollar will see an extended decline after a policy change from the FOMC starting in Q1CY2023. Concerns about recession due to the Fed’s higher interest rate forecasts sidelined the S&P500. GBP/USD is aiming to move its bid profile above the … Read more

NEW YORK, Dec 7 (Reuters) – The U.S. dollar weakened against major currencies on Wednesday on fears that rising interest rates could push the U.S. economy into recession, while an easing of Chinese restrictions linked to COVID boosted the yuan. Peruvian soil fell when the country’s Congress voted to oust President Pedro Castillo in an … Read more

WASHINGTON, Dec 7 (Reuters) – U.S. President Joe Biden’s administration said on Wednesday it would ask a federal court to keep pandemic-era restrictions in place for migrants at the U.S.-Mexico border, a reversal striking after seeking to end restrictions this spring. The administration, in a court filing, said it wants a higher court to overturn … Read more

Brent closes at its lowest level of the year in the United States. fuel inventories are piling up more than expectedChina’s easing of COVID restrictions to support demandInvestors wary of recession warnings and rate hike prospects HOUSTON, Dec 7 (Reuters) – The price of oil fell to its lowest level this year on Wednesday, reversing … Read more

WASHINGTON, Dec. 7, 2022 /PRNewswire/ — According to a new report from Compass Lexecon, commissioned by CTIA. The analysis also reveals that over the past decade, the wireless industry has contributed nearly $5.4 trillion to the GDP of the US economy. Related Documents “This report confirms that the wireless industry is a major driver of … Read more

WASHINGTON (AP) — Doug Emhoff, the husband of Vice President Kamala Harris, said Wednesday that a rise in anti-Semitism in the United States shows that an “epidemic of hate” exists in the country and must not become normal. Emhoff, who is Jewish, led a White House discussion on the issue with Jewish leaders representing the … Read more

The U.S. economy is showing “continued resilience” despite a predictable slowdown, a top White House economic adviser said on Wednesday. National Economic Council director Brian Deese said low credit card delinquency rates and mortgage problems indicate resilience in household balance sheets, while the labor market and savings rate also indicate more stable growth. He also … Read more