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☆ Biden to nominate Christy Goldsmith Romero as FDIC chair after abrupt departure of predecessor
▼ + stars: | 2024-06-13 | by ( ) www.cnbc.com time to read: +2 min

Christy Goldsmith Romero, commissioner of the Commodity Futures Trading Commission (CFTC) speaks during the DC Blockchain Summit in Washington, D.C., on Tuesday, May 24, 2022. President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Greunberg as head of the Federal Deposit Insurance Corporation. A longtime financial regulator, Goldsmith Romero is currently a commissioner at the Commodity Futures Trading Commission, the nation's financial derivatives regulator, and previously worked with the Department of Treasury. Her previous nominations to the nation's financial regulators were unanimously confirmed by the Senate. Gruenberg's resignation would not be official until Goldsmith Romero nomination is finalized.

Persons: Christy Goldsmith Romero, Joe Biden, Martin Greunberg, Gruenberg's, Goldsmith Romero, Sen, Sherrod Brown, Gruenberg, Cleary Gottlieb Steen, Hamilton, hasn't, Tim Scott Organizations: Futures Trading Commission, DC, Washington , D.C, Federal Deposit Insurance Corporation, White, Commodity Futures Trading Commission, Department of Treasury, Georgetown University, Senate, Banking Committee, Republicans, FDIC, Republican Locations: Washington ,, Ohio

☆ Is a recession coming? Economists say look at women’s lips
▼ + stars: | 2024-06-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Estee Lauder chairman Leonard Lauder created the lipstick index during the economic downturn following September 11, 2001. In fall 2001, US lipstick sales increased by 11%. “The lipstick index has been substituted with the moisturizing index,” said Freda. But data shows that more expensive prestige beauty sales are outpacing mass, lower-priced beauty sales. What do you see dominating the beauty market in the second half of the year?

Persons: Estee Lauder, Leonard Lauder, Fabrizio Freda, ”, Freda, “, Sephora, Bell, Neela Montgomery, Laura Mercier, We’ve, it’s, Skincare, It’s, we’re, Inflection’s, OpenAI, Sarah Myers West, ” West, Brian Fung, Jerome Powell, Price Organizations: CNN Business, Bell, New York CNN, CNN, Federal Trade Commission, Microsoft, FTC, Justice Department, Google, Nvidia, DOJ, US Department of Treasury, OPEC Monthly, Federal Reserve, US Bureau of Labor Statistics, Signet Jewelers, Federal Locations: New York, Asia

☆ US, Germany and EU embassies begin evacuating staff as violence spirals in gang-plagued Haiti
▼ + stars: | 2024-03-10 | by ( Caitlin Stephen Hu | Helen Regan | ) edition.cnn.com time to read: +7 min

Dajabon, Dominican Republic CNN —The United States and other diplomatic missions have begun evacuating personnel from Haiti, as gang violence in the Caribbean nation’s capital Port-au-Prince continues to spiral. US Southern Command said the move was consistent with “standard practice for Embassy security augmentation worldwide.” No Haitians were on board the military aircraft, it added. Another source with knowledge of the operations told CNN there have been at least 12 helicopter evacuation flights into Port-au-Prince over the past three days, all evacuating diplomatic and humanitarian staff. However, shots fired nearby after the last flight’s take off on Sunday have called into question the viability of continuing the evacuation flights, the source said. The World Food Programme suspended its maritime transport services in Port-au-Prince from distributing aid across Haiti due to the instability.

Persons: Dajabon, ”, Joe Biden, Peter Sauer, Stefano Gatto, —, Prince, Gang, Jimmy Cherizier, Ariel Henry, Stephane Dujarric, Henry Organizations: Dominican Republic CNN, CNN, US State Department, US Southern Command, Southern Command, National Security Council, CNN Helicopter, European Union, EU, Caribbean Port Services, Dominican, United Nations, US Department of Treasury, Food, UN, OCHA, Kenya, Kenyan, Caribbean Locations: Dominican Republic, United States, Haiti, Caribbean, Port, Dominican, Haitian, Santo Domingo, Petionville, Haiti’s, Puerto Rico, CARICOM, Kingston

☆ Haiti: Hundreds of prisoners escape Port-au-Prince prison as violence escalates
▼ + stars: | 2024-03-02 | by ( Caitlin Hu | Manveena Suri | ) edition.cnn.com time to read: +3 min

CNN —Hundreds of prisoners have escaped from Haiti’s National Penitentiary in the capital, Port-au-Prince, after fighting broke out on Saturday, according to a law enforcement source. On Friday, Haitian gang leader Jimmy Cherizier, also known as Barbecue, said he would continue in his effort to try and oust Prime Minister Ariel Henry. “We ask the Haitian National Police and the military to take responsibility and arrest Ariel Henry. Caribbean leaders said Wednesday that Haitian Prime Minister Ariel Henry had agreed to hold general elections no later than August 31, 2025. Warring gangs control much of Port-au-Prince, choking off vital supply lines to the rest of the country.

Persons: Prince, Jimmy Cherizier, Ariel Henry, “, ” Cherizier, Ralph Tedy Erol, Henry, William Ruto Organizations: CNN, Haiti’s Police, National, Haitian National Police, United Nations, United States Department of Treasury, Protesters, Wednesday, Haitian, Kenyan, Central Directorate of, Judicial Police Locations: Haiti’s, Port, Prince, Haiti, Kenya, United

How LGFCU accounts compare Local Government Federal Credit Union Share SavingsLocal Government Federal Credit Union Checking AccountLocal Government Federal Credit Union Money Market AccountLocal Government Federal Credit Union Share Term Certificates Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. To become a member of Local Government Federal Credit Union, you must open a Local Government Federal Credit Union Share Savings account. How to Join Local Government Federal Credit UnionTo become a member of Local Government Federal Credit Union, you must work or volunteer at North Carolina local government. How Local Government FCU ComparesLocal Government Federal Credit Union vs. Truliant Federal Credit UnionTruliant Federal Credit Union is a CDFI that serves local communities in North Carolina, South Carolina, and Virginia. Local Government Federal Credit Union offers higher interest rates, but Truliant Federal Credit Union doesn't charge monthly services.

Persons: it's, Banks, Federal Credit Union hasn't, FCU, it'll, It's Organizations: Local, Federal Credit Union, Savings, Government Federal Credit, Federal Credit, Local Government, Credit, Government, Reviews, Government Federal Credit Union, Local Government Federal Credit Union, Federal Credit Union Share, Local Government Federal Credit, Local Government FCU, State Employees Credit Union, Rocky Mount, Google, Apple, Join Local Government Federal Credit Union, North, ABC, State, Park, Community Development, US Department of Treasury's, Financial, Fund, NC State, Public, Leadership Initiative, UNC School of Government, UNC School of Government's Development Finance Initiative, BBB, Truliant Federal Credit Union, American Consumer Council, . Mechanics & Farmers Bank Mechanic & Farmers Bank, Mechanics & Farmers Bank, Mechanic, Farmers Bank, Mechanics & Farmers, Federal Credit Union Share Savings, &, Mechanics, Farmers, Chevron Locations: Chevron, North Carolina, North, SECU's, Albemarle, Arden, Asheville, Benson, Boone , Burlington, Cary, Hill, Charlotte, Clayton, Concord, Durham, Elizabeth City, Fayetteville, Garner, Gastonia, Goldsboro, Greensboro, Greenville, Hickory, Point, Hillsborough, Holly Springs , Jacksonville, Kernersville, Kinston, Lumberton, Morganton , New Bern, Raleigh, Roanoke Rapids, Rocky, Sanitation, Truliant, South Carolina, Virginia, Georgia, Tennessee

☆ North Korea says any US interference with its ‘space assets’ will be deemed ‘declaration of war’
▼ + stars: | 2023-12-01 | by ( Akanksha Sharma | ) edition.cnn.com time to read: +3 min

CNN —North Korea has warned any potential interference or attack on its “space assets” by the United States will be “deemed a declaration of war,” the state media outlet KCNA reported on Saturday. DPRK stands for Democratic People’s Republic of Korea, the official name of North Korea. Neither South Korea, the United States nor Japan, all of which are experiencing increasing military tensions with North Korea, could confirm “Malligyong-1,” had made it into orbit. The November launch was condemned by North Korea’s neighbors Japan and South Korea, with Seoul calling it a “clear violation” of a UN Security Council resolution that prohibits North Korea from using ballistic missile technology. North Korea subsequently vowed to deploy new military hardware along the military demarcation line.

Persons: “, ”, KCNA Organizations: CNN, DPRK, KCNA, Democratic People’s, South, SpaceX, Space Command, American, US Department of Treasury’s, Foreign Assets, Treasury, UN Locations: Korea, United States, Democratic People’s Republic of Korea, North Korea, Pyongyang, Japan, South Korea, Seoul

☆ US compels Saudi fund to exit Altman-backed AI chip startup - Bloomberg News
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - The Biden administration has forced a Saudi Aramco venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman, Bloomberg News reported on Thursday. Altman-backed Rain Neuromorphics, a startup designing chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, raised $25 million in 2022. The agency, the primary U.S. watchdog for deals with national security implications, instructed the Saudi fund to unwind that deal sometime over the past year, the report said. Altman and the U.S. Treasury, which oversees the Committee on Foreign Investment in the United States (CFIUS) process, did not immediately respond to a Reuters request for comment. The US has taken action that could block AI development in the Middle East.

Persons: Biden, OpenAI, Sam Altman, Altman, Aramco's, Harshita Mary Varghese, Chris Sanders, Arun Koyyur, Sherry Jacob, Phillips, Deepa Babington Organizations: Bloomberg, Foreign Investment, Saudi, U.S . Treasury, Department of Treasury, US, Nvidia, Devices, Thomson Locations: Saudi Aramco, United States, U.S

☆ Issues over TikTok still unresolved, US Treasury Secretary Yellen says
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +1 min

U.S. Treasury Secretary Janet Yellen attends a press conference after a meeting with Chinese Vice Premier He Lifeng, ahead of a U.S.-hosted APEC (Asia-Pacific Economic Cooperation) Summit in San Francisco, California, U.S., November 10, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsWASHINGTON, Nov 20 (Reuters) - The United States has concerns about issues over privacy and social media, and the matter involving TikTok is not yet resolved, U.S. Treasury Secretary Janet Yellen told CNBC in an interview on Monday. "We do have concerns around the potential issues with privacy and social media," she said, adding that she cannot discuss TikTok specifically. "This wasn't an explicit matter of discussion" between U.S. President Joe Biden and Chinese President Xi Jinping when they met last week, Yellen told CNBC. She said she discussed Chinese investments in the United States with her Chinese counterpart during their own meeting, including the process involving the Committee on Foreign Investment in the United States (CFIUS).

Persons: Janet Yellen, Lifeng, Carlos Barria, Yellen, Joe Biden, Xi Jinping, Doina Chiacu, Susan Heavey, Toby Chopra, Doina Organizations: Treasury, APEC, Economic Cooperation, REUTERS, Rights, United, CNBC, Foreign Investment, Department of Treasury, Thomson Locations: U.S, Asia, San Francisco , California, United States, Washington, Beijing

☆ Fact Check: US Treasury Secretary Janet Yellen was not convicted of treason
▼ + stars: | 2023-11-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen was not convicted of treason in October, despite an article circulating online making the claim. The article falsely claims that Yellen was convicted at a military tribunal held on Oct. 16. Reuters previously addressed the false claim published by Real Raw News in September that Yellen was arrested for treason. All available emails on Real Raw News’ website bounced back when attempting to reach for comment. U.S. Treasury Secretary Janet Yellen was not convicted of treason.

Persons: Janet Yellen, “, ”, Yellen, ” Yellen, Susan Rice, Read Organizations: Treasury, Real Raw, Corps, JAG, Army, Facebook, U.S . Court, Public, Marine, Reuters, Freedman's, U.S . Department of Treasury, Bloomberg, Real Raw News, National Security, U.S . Army, Thomson Locations: U.S

☆ Alliance of 40 countries to vow not to pay ransom to cybercriminals, US says
▼ + stars: | 2023-10-31 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

White House Deputy National Security Advisor for Cyber and Emerging Technology, Anne Neuberger, addresses cyber security during the daily press briefing at the White House in Washington, U.S. September 2, 2021. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsSAN FRANCISCO, Oct 31 (Reuters) - Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers' funding mechanism, a senior White House official said on Tuesday. The International Counter Ransomware Initiative comes as the number of ransomware attacks grows worldwide. In ransomware attacks, hackers encrypt an organization's systems and demand ransom payments in exchange for unlocking them. Partner countries will share a "black list" through the U.S. Department of Treasury that will include information on digital wallets being used to move ransomware payments, Neuberger said.

Persons: Anne Neuberger, Jonathan Ernst, Biden, Neuberger, Chainalysis, Zeba Siddiqui, Cynthia Osterman Organizations: White, Technology, REUTERS, FRANCISCO, White House, MGM Resorts International, Reuters, U.S . Department of Treasury, Thomson Locations: Washington , U.S, U.S, United States, Lithuania, Israel, UAE, San Francisco

☆ US sanctions seek to disrupt Hamas' revenue, US Treasury says
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. The sanctions, imposed under a terrorism-related executive order, targeted nine individuals and one entity based in Gaza and elsewhere including Sudan, Turkey, Algeria, and Qatar, the U.S. Department of Treasury said in a statement. "The United States is taking swift and decisive action to target Hamas’s financiers and facilitators following its brutal and unconscionable massacre of Israeli civilians, including children," said Treasury Secretary Janet Yellen said. "We will continue to take all steps necessary to deny Hamas terrorists the ability to raise and use funds to carry out atrocities and terrorize the people of Israel," Yellen added. Treasury's actions come as U.S. President Joe Biden visited Israel and met with Israeli Prime Minister Benjamin Netanyahu following Hamas' Oct. 7 attack.

Persons: Kevin Lamarque, Janet Yellen, Yellen, Joe Biden, Benjamin Netanyahu, Susan Heavey, Doina Organizations: Department of, U.S . Treasury, REUTERS, Rights, Biden, U.S . Department of Treasury, Israeli, Thomson Locations: Washington , U.S, Iran, Gaza, Sudan, Turkey, Algeria, Qatar, United States, Israel

Compare Banco Popular de Puerto accounts Banco Popular de Puerto Rico U Save AccountBanco Popular de Puerto Rico e-accountBanco Popular de Puerto Rico CIMA CD Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. $1,000 Start saving Banco Popular de Puerto Rico, FDIC insured Start banking Banco Popular de Puerto Rico, FDIC Insured Start saving Banco Popular de Puerto Rico, FDIC InsuredThe bottom line: Banco Popular de Puerto is a good option if you want a bank with a large presence around Puerto Rico. Banco Popular de Puerto Rico U Save Account review External link Arrow An arrow icon, indicating this redirects the user." Banco Popular de Puerto Rico CIMA CD review External link Arrow An arrow icon, indicating this redirects the user." How Banco Popular de Puerto Rico ComparesBanco Popular de Puerto Rico vs. Oriental BankBanco Popular de Puerto Rico has many more branches than Oriental Bank, so it may be the more convenient option.

☆ Silicon Valley billionaires want to build a new city in rural California, but locals are skeptical of the project: 'Their secrecy has caused a lot of problems'
▼ + stars: | 2023-09-05 | by ( Janie Har | Associated Press | ) www.businessinsider.com time to read: +9 min

Silicon Valley billionaires revealed plans to build a new city after buying $800 million in land. The land was quietly purchased in Solano County, a rural area near San Francisco and Sacramento. Most of the land purchased is in the southeastern portion of the county, with parcels stretching from Fairfield to Rio Vista. Billionaires want to build a new city in rural California, but they're encountering wavering support from locals and lawmakers. Solano County homes are among the most affordable in the San Francisco Bay Area, with a median sales price of $600,000 last month.

Persons: Jan Sramek, Goldman Sachs, Flannery, Laurene Powell Jobs, Reid Hoffman, Marc Andreessen, Marc Andreeseen, Lauren Powell Jobs, Michael Moritz, Paul Chinn, Countess, Michael Kovac, Sramek, Mike Thompson, Terry Chea, Princess Washington, Thompson, they're, he's, John Garamendi, Hoffman, Andreessen, Ron Kott, Kott Organizations: Service, FRANCISCO, Flannery Associates, Silicon, LinkedIn, New York Times, San Francisco Chronicle, Getty, Fair, Solano, US Air Force, FBI, of Treasury, AP, San Francisco Bay Area, Travis Air Force Base, US Locations: Solano County, San Francisco, Sacramento, Wall, Silicon, Northern California, Solano, Silicon Valley, California, Fairfield, Rio Vista, U.S, United Kingdom, Ireland, walkable, Terry Chea California, California's, San Francisco Bay, Princess, Suisun City, Travis

Thermal coal insurance rates rose more than 20% last year, it said, above the 7.3% rise in the benchmark Marsh Global Insurance Market Index. Insurance companies can be active in both primary insurance and reinsurance and have differing commitments on ESG for different parts of their business. "Establishing a mutual fund for the coal industry is a matter for the coal industry," a spokesperson for the Australian Department of Treasury said. "I'm talking about going beyond your normal UK-based markets and looking into Asia for funders and insurance cover," she added. Coal prices hit record highs in September last year as European countries scrambled to replace Russian gas, sending coal miners' profits soaring.

Persons: Philip Mostert, Seriti, Doug Gain, Gain, Ben Davis, Willis Towers Watson, Thungela, China's, Russia's, Switzerland's Chubb, Chubb, Russia's SOGAZ, Peter Bosshard, Nombasa Tsengwa, Tsengwa, Exxaro, Clara Denina, Sarah McFarlane, Nelson Banya, Elaine Hardcastle, Daniel Flynn Organizations: REUTERS, Seriti, Thungela Resources, International Energy Agency, Reuters, Marsh Global Insurance, Whitehaven Coal, Whitehaven, Allianz, Swiss, Germany's Allianz, Insuramore, Australian Department of Treasury, South, Thomson Locations: American, Mpumalanga Province, South Africa, South, Ukraine, Whitehaven, Munich, Australia, Asia, Europe

Compare Puerto Rico Federal Credit Union accounts Puerto Rico Federal Credit Union Regular Actions AccountPuerto Rico Federal Credit Union Easy Access Checking AccountPuerto Rico Federal Credit Union Share Certificate Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Puerto Rico Federal Credit Union Regular Actions Account Start saving Puerto Rico Federal Credit Union, NCUA insured. Puerto Rico Federal Credit Union FAQsWhere are Puerto Rico Federal Credit Union branches located? How Puerto Rico Federal Credit Union ComparesPuerto Rico Federal Credit Union vs. Caribe Credit UnionCaribe Credit Union is a Hispanic American-led credit union in Puerto Rico. Puerto Rico Federal Credit Union vs. VAPR Federal Credit UnionVAPR Federal Credit Union is a Hispanic American-led credit union in Puerto Rico.

☆ The IRS could recover $12 for every $1 spent on scrutinizing the ultra-wealthy's taxes
▼ + stars: | 2023-06-19 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

Economists find that every extra dollar spent on auditing the top 10% of taxpayers yields $12 in revenue. A new paper from economists at the Department of Treasury, Harvard University, and the University of Sydney looks at the return on investment from IRS audits from 2010 through 2014. They find that while it's much more expensive to audit the wealthiest tax payers, it's still a hearty return on investment. Auditing the top 1% yields $4.25 per dollar spent, and that number soars to $6.29 when auditing the top 0.1%. The findings illustrate how much money might be sitting untapped in what the IRS calls the tax gap — the chasm between taxes owed and taxes paid.

Persons: —, it's, Amy Hanauer, Hanauer, what's Organizations: Service, Department of Treasury, Harvard University, University of Sydney, Treasury Department, Taxation, Economic, Republican, IRS, Office

☆ The debt ceiling drama may feel like it’s over, but it may have only just begun
▼ + stars: | 2023-05-31 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +4 min

There could be an even more dramatic second act to the debt ceiling drama. This time around, one of the top credit rating agencies, Fitch, has already placed US debt on rating watch negative. As of Wednesday, the other two major sovereign debt credit rating agencies, S&P and Moody’s, have not placed US debt under review. If Fitch downgrades US debt, it could cause yields on Treasury notes to spike, underscoring the increased risks associated with holding US debt. However, the opposite occurred after S&P downgraded US debt in 2011 — investors shrugged it off and bought more bonds, sending yields lower.

Persons: Joe Biden, Kevin McCarthy, Biden, It’s, Fitch, McCarthy, Chip Somodevilla, Michael Reynolds, ”, George Catrambone Organizations: New, New York CNN, Senate, AAA, US Treasury, U.S . Department of Treasury, Treasury Department, DWS, Treasury Locations: New York, States, US, Washington ,, Americas

☆ As debt ceiling negotiations go down to the wire, an economic disaster looms that could affect everything from student loans to mortgage payments
▼ + stars: | 2023-05-21 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

The deadline for the US to come to an agreement on the debt ceiling is looming. A default on the national debt would result in economic catastrophe, but even uncertainty ahead of the deadline could trigger an economic downfall. The 2011 debt ceiling debate is an example of a near miss that ended up briefly tanking the economy. After months of heated disagreement, a compromise was reached by lawmakers to raise the debt ceiling and implement spending cuts. "2011 was a very different situation — we were in recovery mode from the global financial crisis," Kroszner told the Times.

☆ Look out, TurboTax. A free e-filing system from the IRS is reportedly on the way.
▼ + stars: | 2023-05-16 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

The IRS is developing a free system to file tax returns online, the Washington Post reports. The US government has indicated in the past year that it wants to make it simpler to file taxes. The US government wants to unveil a world where you could ditch that TurboTax coupon and just file your taxes for free with the IRS online. The agency, for instance, has a "Free file" program for those who are eligible because their overall income falls below a certain threshold. "An IRS direct-to-e-file system is redundant and will not be free — not free to build, not free to operate, and not free for taxpayers," the company said in its statement.

☆ We're pulling out the 2011 market playbook to navigate the current debt-ceiling debacle
▼ + stars: | 2023-05-02 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

The looming U.S. debt-ceiling crisis has ignited a new wave of uncertainty in the market this week, with all three major benchmarks under pressure Tuesday. That's the biggest lesson learned from the debt-ceiling crisis of 2011, which was characterized by similar political dynamics. Nonetheless, stocks mounted a recovery in the fall of 2011, with the S & P 500 finishing the year essentially flat. We expect the current crisis to ultimately yield a similar result — both in terms of a political resolution and a buying opportunity in the interim. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

REUTERS/Leah MillisWASHINGTON, April 27 (Reuters) - As Iran's oil exports rise despite U.S. sanctions over its nuclear program, senators from both parties urged President Joe Biden to enable a federal government agency to seize Iranian oil and gas shipments. Senators Joni Ernst, a Republican, and Richard Blumenthal, a Democrat, said in a letter to Biden that the Department of Homeland Security's Homeland Security Investigations (HSI) office has not been able to seize an Iranian oil shipment for more than a year. Iran says its nuclear program is for civilian purposes while the United States suspects Tehran wants to develop a nuclear bomb by enriching uranium. Iran's oil exports have reached their highest level since the reimposition of U.S. sanctions in 2018, Iranian oil minister Javad Owji said last month. Last year the U.S. tried to confiscate a cargo of Iranian oil around Greece, which prompted Tehran to seize two Greek tankers in the Gulf.

☆ Is this solar panel American? Companies eyeing US subsidy await rules
▼ + stars: | 2023-04-24 | by ( Nichola Groom | ) www.reuters.com time to read: +4 min

[1/2] Solar panels are set up in the solar farm at the University of California, Merced, in Merced, California, U.S. August 17, 2022. Their main question: will solar panels qualify if they are assembled in the United States using components made overseas? In February, top U.S. solar manufacturer First Solar Inc (FSLR.O) said it would delay further expansion decisions until Treasury releases its guidelines. A manufacturing group, Solar Energy Manufacturers for America (SEMA), said both manufacturers and developers want clear rules that will fuel growth. A potential approach could be to allow the bonus credit to apply to domestically available goods, with that standard changing over a set timeline.

If a bank fails, insured deposits will be moved to another FDIC-insured bank or paid out. Checking accounts, savings accounts, money market accounts, and certificates of deposit are examples of FDIC-insured bank accounts. Single bank accounts and joint bank accounts are examples of different ownership categories. If you want to keep more money in the bank than the FDIC will insure, you could open another bank account at a separate bank. Aside from Silicon Valley Bank and Signature Bank, the last bank failure happened in October 2020.

☆ Manchin accuses the Biden administration of appeasing 'radical activists' on climate and pledges to block Interior Department nominee
▼ + stars: | 2023-03-10 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

Democratic Sen. Joe Manchin says he will block one of President Biden's nominees and potentially others. Manchin says he'll judge nominees on whether they're "political partisans first or Americans first." He's taking issue with the administration's framing of a law he supported as an effort to address climate change. Manchin, of West Virginia, wrote in an op-ed in the Houston Chronicle, noting that energy leaders are gathered in the city for an annual conference. Biden has touted the bill's $370 billion devoted to tackling climate change as the most significant investment the US has made to fight climate change.

☆ Meta's chief business officer will leave the company after 13 years
▼ + stars: | 2023-02-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Marne Levine, vice president of global partnerships and business development for Facebook Inc., speaks during the Fortune's Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Meta 's Chief Business Officer Marne Levine is stepping down after 13 years with the company, Meta announced in a release Monday. Levine previously served as vice president of global public policy at Facebook, chief operating officer at Instagram and vice president of global partnerships, business and corporate development at Facebook. Levine was named Facebook's chief business officer in the summer of 2021, a few months before it changed its name to Meta to indicate its focus on the yet-to-be-developed metaverse. "I'm grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day."

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