South Fork Wind offers a glimpse at what’s possible as offshore wind power projects struggle to gain traction
The first commercial-scale offshore wind farm in the U.S. is now connected to the grid, but the industry faces an…
Category: Economy
SpaceX’s Starship rocket completes fifth test flight, lands booster in dramatic catch
SpaceX launched its fifth test flight of its Starship rocket on Sunday, taking a major step forward in the vehicle's…
Here’s the deflation breakdown for September 2024 — in one chart
Prices in segments of the U.S. economy, such as some imported goods, consumer electronics and gasoline, have deflated since September…
Ride-sharing giants Uber, Lyft jump after Tesla’s ‘toothless taxi’ fails to excite investors
Tesla's hyped robotaxi unveiling posed a threat to Uber's ride-sharing aspirations, but it has turned into a boon for the…
Chinese finance minister hints at increasing the deficit at highly anticipated briefing
Lan Fo'an emphasized that the space for a deficit increase is "rather large," but noted such policies are still under…
The Federal Reserve may have pretty much just hit its 2% inflation target
In fact, economists at Goldman Sachs think the Fed may already be there. ...
Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing said it will lay off about 10% of its workforce as its losses deepen from an ongoing factory strike.…
Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently
Warren Buffett's Berkshire Hathaway cut its stake in Bank of America below an important level. ...
Here’s the inflation breakdown for September 2024 — in one chart
Inflation fell in September as gasoline prices declined and housing inflation moderated, according to the consumer price index. ...