[ad_1] Transportation Secretary Sean Duffy told senators he hasn’t frozen any funding for “woke” transportation projects since taking office two months ago — but says he is following the “will of the Congress” in rooting out the sustainability and equity aspects of thousands of previously approved projects.Wednesday’s hearing before the Senate Environment and Public Works Committee was supposed to be about the next transportation funding bill to replace the Bipartisan Infrastructure Law — but it mostly focused on the Trump administration’s chaotic implementation of the current bill instead. Nonetheless, Duffy repeatedly told lawmakers that “we did not freeze any” previously obligated…
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[ad_1] SINGAPORE (Reuters) -Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as U.S. President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world’s largest economy, upending trade and supply chains. The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%, bringing the total new levy to an eye-watering 54% on imports from China. “The U.S. effective tariff rate on all imports look to be the highest level in over a century,” said Citi’s global rates trading strategist, Ben Wiltshire. Nasdaq futures tumbled…
[ad_1] Sunset view of Yarra river and Melbourne skyscrapers business office building with evening skyline in Victoria, Australia. Australia tourism, modern city life, or business finance and economy conceptPrasit Photo | Moment | Getty ImagesAsia-Pacific markets are poised to plunge on Thursday, after U.S. President Donald Trump imposed hefty reciprocal tariffs on over 180 countries and territories – several of which are in the region.In charts posted on social media, the White House showed the effective tariff rates they claim other countries impose on American goods, including by “currency manipulation and trade barriers.”The White House told CNBC’s Eamon Javers on…
[ad_1] JK News Today New Delhi, April, 01: From April 1, 2025, several key changes in personal finance and taxation rules will come into effect in India as the new financial year begins. These changes will impact taxpayers, credit card users, and the general public. Here’s a summary of the important changes: Income Tax Changes: New tax slabs and rates will be implemented, with individuals earning up to ₹12 lakh annually no longer required to pay income tax. A standard deduction of ₹75,000 will apply to salaried individuals, making up to ₹12.75 lakh salary tax-free under the new tax regime.…
[ad_1] A trader works on the floor at the New York Stock Exchange on April 2, 2025.Brendan McDermid | ReutersU.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.Futures tied to the Dow Jones Industrial Average lost 1,143 points, or 2.7%. S&P 500 futures dropped 3.9%. Nasdaq-100 futures lost 4.7%.Shares of multinational companies tumbled in extended trading. Nike lost 7% and Apple dropped 6%. Shares of big sellers of imported goods were among the…
[ad_1] Financial advisors and clients worried about stock volatility and inflation can climb bond ladders to safety — but they won’t find any, if those steps lead to a place with higher taxes.The choice of asset location for bond ladders in a client portfolio can prove so important that some wealthy customers holding them in a taxable brokerage account may wind up losing money in an inflationary period due to the payments to Uncle Sam, according to a new academic study. And those taxes, due to what the author described as the “dead loss” from the so-called original issue discount…
[ad_1] Bayer (ETR: BAYN) is set to release its first carbon credits from regenerative rice farming in India, with up to 250,000 tons of carbon dioxide equivalent (CO2e) currently undergoing validation and certification by Gold Standard.These credits, generated through sustainable farming methods like direct seeded rice (DSR), will be available on the global carbon market for climate-conscious companies seeking to support greenhouse gas (GHG) reductions and sustainable agriculture.This marks Bayer’s first issuance of carbon credits from regenerative crop production in Asia, the German multinational pharmaceutical and biotechnology company said in a statement on Wednesday.The Bayer Rice Carbon Program, implemented across…
[ad_1] Orezone Gold Corporation NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, April 02, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) announces that further to its news release dated March 17, 2025, to maintain a 19.6% ownership in the Company following the recent closing of the Company’s bought-deal financing, Nioko Resources Corporation has subscribed for 10,719,659 common shares on a non-brokered private placement basis at a price of C$0.82 per share (the “Private Placement”). The Company intends to use the net proceeds from…
[ad_1] Trump: ‘Jobs and factories will come roaring back’U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. Carlos Barria | ReutersTrump says that “jobs and factories will come roaring back” and that the reciprocal tariffs will usher in a “golden age” for the country.”We will supercharge our domestic industrial base, we will pry open foreign markets and break down foreign trade barriers and ultimately more production at home will mean stronger competition and lower prices for consumers,” he says from the Rose Garden.— Erin DohertyTrump confirms 25%…
[ad_1] In 2021, the average 30-year mortgage rate fell below 3% — now it’s well over 6%. If you’re in the market for a mortgage loan, you may be wondering if you should wait until interest rates fall significantly before buying a house. When will mortgage rates finally drop back down near the 3% mark? Read more: Is 2025 a good time to buy a house? This embedded content is not available in your region. In this article: In 2020 and 2021, Americans witnessed record-low mortgage rates. The lowest 30-year fixed rate was 2.65% in January 2021, but rates hovered…