[ad_1] A trader works on the floor at the New York Stock Exchange on April 3, 2025.Brendan McDermid | ReutersDow Jones Industrial Average futures slid Thursday night after President Donald Trump’s tariff plan triggered the biggest slide in U.S. equities in five years.Futures tied to the blue-chip index lost 91 points, or 0.2%, after the 30-stock average tumbled more than 1,600 points in the prior session. S&P 500 futures shed 0.2%, while Nasdaq 100 futures inched 0.1% lower.Thursday night’s action follows the worst day since 2020 for each of the three major indexes. The Dow and S&P 500 dropped roughly…
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[ad_1] Wall Street shuddered and a level of shock unseen since Covid’s outbreak tore through financial markets worldwide on Thursday over worries about the damage President Donald Trump’s newest set of tariffs could do to economies across continents, including his own. The S&P 500 sank 4.8%, more than in major markets across Asia and Europe, for its worst day since the pandemic crashed the economy in 2020. The Dow Jones Industrial Average dropped 1,679 points, or 4%, and the Nasdaq composite tumbled 6%. Little was spared in financial markets as fear flared about the potentially toxic mix of weakening economic…
[ad_1] Over the past week, the critical minerals sector has experienced significant geopolitical turbulence, particularly in Asia and Africa. In Myanmar, the Kachin Independence Army’s seizure of a vital rare-earth mining region has led to an 89% drop in Chinese imports, underscoring the fragility of global heavy rare-earth supplies vital to wind turbines and electric vehicle production. Meanwhile, tensions continued to flare in the Democratic Republic of Congo (DRC), where officials hinted at a possible extension of a cobalt export ban that has already boosted prices by over 50%. Separately, the DRC’s proposal of a minerals-for-security deal with the U.S.…
[ad_1] The global market rout on Thursday, sparked by President Donald Trump’s announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit.Affirm, which offers buy now, pay later purchasing options, plunged 19%, while stock trading app Robinhood slid 10% and payments company PayPal fell 8%. American Express and Capital One each tumbled 10%, and Discover was down more than 8%.President Trump on Wednesday laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new…
[ad_1] BURLINGTON, Vt. (WCAX) – It’s common knowledge that living trees and plants absorb carbon, aiding climate change mitigation. However, new research from the University of Vermont suggests that dead trees may be unsung heroes in the effort to reduce climate-warming carbon.UVM researchers found that large, downed trees in streams tie up tremendous stores of carbon, reflecting the environmental value of old-growth trees.The work was done in the White Mountains and Adirondacks after researchers wondered what impact the logs had on the environment.“We were interested in plugging a gap in our understanding of what we call global carbon budgets –…
[ad_1] The Northern Lights project is expanding its carbon capture and storage (CCS) capacity, with the big oil firms making their final investment worth around $714 million. This will help lower carbon emissions from industries in Europe. The project will now store at least 5 million tonnes of CO₂ per year, up from 1.5 million tonnes. The decision comes after a deal with Stockholm Exergi, a Swedish energy company. The company will send up to 900,000 tonnes of CO₂ each year for 15 years. A Bold Vision for European CCS Equinor, Shell, and TotalEnergies are the companies behind the Northern…
[ad_1] The Northern Lights project is expanding its carbon capture and storage (CCS) capacity, with the big oil firms making their final investment worth around $714 million. This will help lower carbon emissions from industries in Europe. The project will now store at least 5 million tonnes of CO₂ per year, up from 1.5 million tonnes. The decision comes after a deal with Stockholm Exergi, a Swedish energy company. The company will send up to 900,000 tonnes of CO₂ each year for 15 years. A Bold Vision for European CCS Equinor, Shell, and TotalEnergies are the companies behind the Northern…
[ad_1] The average rate on a 30-year mortgage in the U.S. edged lower for the second week in a row, a modest but welcome boost for prospective home shoppers in the midst of the spring homebuying season. The rate fell to 6.64% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.82%. The average rate has mostly trended lower since reaching just over 7% in mid-January. When mortgage rates decline, they boost homebuyers’ purchasing power. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell this week, pulling…
[ad_1] The Stellantis Windsor Assembly Plant is shown on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty ImagesDETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump’s new round of 25% automotive tariffs, the company confirmed Thursday.The actions are the swiftest and most drastic by an automaker regarding the new tariffs, which took effect Thursday and are imposed on all vehicles imported to the U.S., including from Canada and Mexico.Stellantis’ downtime starts Monday and is set for two weeks at the automaker’s Windsor Assembly Plant in…
[ad_1] Space Intelligence’s co-founders, Chief Scientist, Professor Ed Mitchard (l), and CEO, Dr. Murray … More Collins (r). Photo taken in route to measure the carbon sequestration potential of tree for a project to develop carbon credits.Space Intelligence Forest-based carbon credits have been met with widespread skepticism over the past few years, with media reports claiming that most of these projects are worthless. Maximizing the atmospheric carbon emissions sequestered by our planet requires that we overcome such doubt, stop deforestation and engage in intelligent reforestation projects. Realizing the importance of preserving forested ecosystems, I was overjoyed to learn of the…