Canada's government has made a big change in its climate rules. They've decided to ease up on some environmental regulations to attract more investment in the energy sector. This move is part of a new agreement between the federal government and Alberta, Canada's top oil-producing province. The deal means that the planned limits on emissions from the oil and gas sec...
UPS has decided to keep its older planes on the ground for a while. This comes after a serious accident involving one of their McDonnell Douglas MD-11 planes. The crash happened in Louisville, Kentucky, and sadly, 14 people lost their lives. Many others were hurt. This has led UPS to take a closer look at their planes. The planes in question are quite old, averaging...
Brazil is taking its time to set up a carbon market. The government plans to release the rules for this market by the end of 2026. This news comes from a high-ranking official in the Finance Ministry. The official also mentioned that by then, the government will decide how the market will be managed. It might become a regulatory agency, but this is still being discus...
The U. S. Federal Reserve might lower interest rates in December. This is because the economy shows signs of slowing down. Job growth is weaker than before. Inflation is also lower. These changes make it likely that the Fed will cut rates. Investors are hopeful. They think cheaper money is coming. This usually helps stock prices go up. Goldman Sachs and UBS both pre...
Two soldiers from West Virginia are in bad shape after a shooting near the White House. It happened around 2:15 p. m. on Wednesday. A man turned a corner, pulled out a gun, and started shooting. Other soldiers nearby heard the shots and quickly stopped the shooter. The White House was locked down for a while, but the lockdown was lifted around 5 p. m. President Trum...
A heated legal battle has erupted between a congressman and a government official. Rep. Eric Swalwell has taken legal action against Bill Pulte, the head of the Federal Housing Finance Agency. Swalwell claims Pulte misused his authority to investigate mortgage records of prominent Democrats, including himself. The lawsuit alleges that Pulte dug into private mortgage...
Tether, the company known for its stablecoin USDT, has been on a gold-buying spree. In a short span of three months, it acquired 26 tonnes of gold. Now, its total gold holdings stand at approximately 116 tonnes, making it a significant player in the gold market. But not everyone is cheering this move. S&P Global, a major credit rating agency, recently downgraded USD...
The Office of the Comptroller of the Currency (OCC) has just made a big move. They said that U. S. national banks can now hold cryptocurrency on their balance sheets. Why? To pay for blockchain network fees and to test crypto platforms. Think about it like this: blockchain networks need their own tokens to process transactions. These are called "gas fees. " They are...
Massachusetts is taking a big step to protect its coasts. The state has released a detailed plan to shield its long coastline from rising seas and stronger storms. This plan, called the ResilientCoasts Initiative, is a big deal. It aims to protect homes, roads, and communities from flooding and erosion. The plan is not a law, but it gives ideas on how to make coastl...
People are placing bets on what the Federal Reserve will do with interest rates next month. The chances of a small cut, 25 basis points, have gone up to 81% on a platform called Polymarket. This is a big jump from the 67% seen the day before and 44% from the previous week. But the idea of a larger cut, 50 basis points, is still low at just 2%. The thought of rates s...