[ad_1] Even the best state departments of Transportation are still scoring a C- minus on sustainability and equity, a new report finds — an especially poor report card given how the Trump administration is pulling support for almost everything besides highways.Vermont toppled California to claim the top spot on this year’s edition of the National Resources Defense Council’s Transportation Scorecard, which ranks states and the District of Columbia on “their efforts to advance climate and equity-centric transportation policies.”Graphic: NRDCEven the Green Mountain State, though, scored only 70.5 points out of a possible 100 — barely out of D range — in…
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[ad_1] (Bloomberg) — Shell-shocked investors are piling into US Treasuries on concern that Donald Trump’s trade war will trigger a worldwide recession — ignoring for now, at least, the risk that the same punitive tariffs may unleash another bout of inflation. Most Read from Bloomberg After a rally in US government debt that sent the two-year yield to touch the lowest since 2022, traders are positioning for more gains and pricing in a greater chance the Federal Reserve moves most aggressively to cut interest rates to keep the economy from stalling. While the bullishness may be warranted in the short…
[ad_1] President Donald Trump said Sunday evening that he is not intentionally engineering the ongoing stock market sell-off, but said little to try and dissuade it.”I don’t want anything to go down, but sometimes you have to take medicine to fix something,” Trump told reporters aboard Air Force One Sunday night when asked about the markets.The comments came as U.S. stock futures dropped on Sunday evening, with Dow Jones Industrial average futures sliding 4.1%, accelerating losses that carried through from Thursday and Friday and indicating more selling is likely to hit Monday morning.He cited the trade deficit with China as his…
[ad_1] Author: Lin Bo-yu Regulation April 07, 2025 The IMO is considering a carbon tax as a tool to cut the shipping industry’s substantial emissions. (Photo: Maersk) The International Maritime Organization (IMO)’s Marine Environment Protection Committee (MEPC) kicked off a five-day meeting on April 7, focusing on technical regulations, energy efficiency, and pollution in the shipping industry. A key topic under discussion is whether to implement a carbon tax to reduce greenhouse gas (GHG) emissions from ships. Member states remain divided on the issue. The European Union is leaning toward accepting carbon offset mechanisms through emissions trading—a move that could undermine…
[ad_1] President Donald Trump’s latest tariff salvo has wreaked havoc on markets, but there’s a may be a silver lining for homebuyers: falling borrowing costs.Mortgage rates fell to a six-month low on Friday, lowering one of the biggest barriers for US housing shoppers.According to data from Mortgage News Daily, the 30-year fixed rate dropped from 6.75% to 6.55% between Wednesday and Friday, hitting the lowest level since October. Trump’s harsher-than-expected tariffs prompted investors to seek refuge among safe-haven Treasury bonds this week, driving yields down. Mortgage rates closely track long-dated bond yields. As it stands, the benchmark 10-year Treasury yield…
[ad_1] A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 3, 2025.Brendan McDermid | ReutersU.S. stock futures dropped on Sunday evening as the White House remained defiant even after a two-day historic stock market rout that followed President Donald Trump’s rollout of shockingly high tariff rates on most key U.S. trading partners.Dow Jones Industrial average futures fell 1,531 points, or 4% Sunday evening, pointing to another brutal session ahead on Monday. S&P 500 futures shed 4%. Nasdaq-100 futures lost 4%.This follows a market wipeout to end last week:The Dow posted…
[ad_1] In this photo illustration, the logo of TikTok is displayed on a smartphone screen on April 5, 2025 in Shanghai, China. Vcg | Visual China Group | Getty ImagesApple will keep ByteDance-owned TikTok on its App Store for at least 75 more days after receiving assurances from Attorney General Pam Bondi, according to a report from Bloomberg News.This comes after President Donald Trump signed an executive order Friday to extend the TikTok ban deadline for the second time. TikTok will be banned in the U.S. unless China’s ByteDance sells its U.S. operations under a national security law signed by former…
[ad_1] Investors are turning to emerging market local currency bonds as global interest rates decline, seeking refuge from the volatility caused by trade tensions. These bonds offer higher yields and central banks in these regions have room to implement monetary easing. This strategy has proven effective during recent market fluctuations.The S&P 500 saw a significant drop, marking its largest two-day decline since March 2020, while Bloomberg’s emerging market local government bond index had its best week in a month. Brazil and Chile’s interest rate swap contracts experienced their largest weekly declines since 2022. The weakening of the U.S. dollar, partly…
[ad_1] If the third season of “The White Lotus” has you thinking that it’s time to plan a vacation to Thailand, you’re not alone. The hit HBO series — which returned to TV screens in February — has created a surge of interest in the latest locale where its eponymous fictional hotel is set.”After the White Lotus premiere, there was a big spike up,” says Kate Bodden, a spokesperson for the airfare search platform Skiplagged. “Searches to Krabi were up 50% year-over-year.” Indeed, it’s not the first time this has happened. Season one of the show was set in Maui, Hawaii and…
[ad_1] On 19 March 2025, the European Commission (“Commission”) unveiled its European Steel and Metals Action Plan (“Steel and Metals Plan”), outlining the short and medium-term work program aimed at enhancing the competitiveness of the European steel and metal industries. The plan is an unprecedented sector-specific initiative that underscores the necessity of a competitive steel and metal industry for realizing Europe’s industrial ambitions, both in terms of decarbonization and defence. In this sense, the Commission has explicitly connected the Steel and Metals Plan with the Clean Industrial Deal, the Action Plan for Affordable Energy, as well as the White Paper for European…