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Toyota’s new line-up, debuting in 2025, is taking a bold step with plans to release the 9th generation Camry as a strictly gas-electric hybrid vehicle. The new Camry will ditch traditional combustion models, opting instead to combine a 2.5-liter gasoline engine with an electric drive system, delivering more power and efficiency than ever before. The …
The upcoming CPI data is predicted to keep the Federal Reserve from making any interest rate hikes. If everything goes according to expectations, bond yields will continue to decrease, fueling the end-of-year equity rally theory. Bank of America’s latest forecast suggests that most investors anticipate the 2024 investment playbook to revolve around a Federal Reserve …
The German economy, historically known as the powerhouse of Europe, is currently facing significant challenges. Its heavy reliance on Russian energy and trade with China needs to be reduced, and new sources of growth must be identified. This will require substantial investment and time. Consequently, Germany’s stock market has fallen behind the U.S., with a …
The clean-energy industry is currently experiencing its worst downturn in years, resulting in a significant decline in its overall value and posing a serious threat to America’s environmental objectives. Major auto manufacturers such as General Motors (GM) and Ford Motor (F) have postponed their plans to introduce electric vehicles. Offshore wind developers are also canceling …
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The sun casts a silhouette behind a primitive oil pump jack in the Permian Basin, highlighting the sprawling landscape of Loving County, Texas. The picture was captured on November 22, 2019. REUTERS/Angus Mordant/File Photo API data reveals a significant surge in U.S. crude reserves, while OPEC export projections hold steady despite concerns over demand. Concurrently, …
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Portuguese Prime Minister resigns as his chief of staff is detained in a corruption investigation focused on lithium and hydrogen projects. Costa, the subject of a related investigation, announced his resignation in a televised statement and emphasized his cooperation with the justice system. The fallout from the scandal remains uncertain, raising concerns about the country’s …
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Japanese Prime Minister Fumio Kishida poses during a photo session with his new cabinet members at the prime minister’s official residence in Tokyo, Japan, September 13, 2023. Zhang Xiaoyu/Pool via REUTERS Acquire Licensing Rights
Lawyers representing Sam Bankman-Fried in his FTX fraud trial have disclosed details of his planned testimony if he chooses to take the stand. In a six-page letter to Judge Lewis Kaplan, Bankman-Fried’s legal team outlined three main areas that he would address during his testimony. This includes his reliance on FTX’s former legal team, his …
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[1/3] Men work on an electric drilling operating at a Chevron site in Kersey, Colorado, U.S. October 6, 2022. REUTERS/Liz Hampton/File Photo Acquire Licensing Rights Oct 23 (Reuters) – Chevron (CVX.N) has announced its agreement to acquire Hess (HES.N) for $53 billion in stock. This merger follows Exxon Mobil’s (XOM.N) $60 billion bid for Pioneer …
Solar panels at the ENGIE Sun Valley Solar project in Hill County, Texas, on March 1, 2023. Mark Felix | AFP | Getty Images Solar stocks plunged on Friday following a warning from solar product manufacturer SolarEdge that demand in Europe has significantly weakened. This further battered sentiment on the renewable energy sector, which has …