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NEW YORK: The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.The Labor Department said the Consumer Price Index (CPI) rose 0.2% on a monthly basis in July, while annual inflation came in slightly below forecasts, drawing calls from US President Donald Trump to lower interest rates.Yields on shorter-dated Treasury bonds – a reflection of interest rate expectations – slipped and rate futures showed traders are giving an 88.8% chance that the Fed could lower rates by about…
The Milton City Council approved the lowest millage rate in the city’s nearly 20-year history during its Monday meeting.The new maintenance and operating rate is set at 4.193 mills, 4.47% lower than last year’s, the city said Tuesday.The city said the rate is significantly lower than any previously adopted by the city council. The rate has typically been at 4.731 mills.[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]“I think we provide exceptional service,” said Milton Mayor Peyton Jamison. “And I think our tax dollars go further here than anywhere else.”The city expects to generate more than $17.7 million…
A draft decree has revealed plans to establish a carbon credit exchange and a green finance products exchange as part of Vietnam’s upcoming International Financial Center (IFC) to be established in Ho Chi Minh City and Da Nang city. These platforms will operate alongside exchanges for commodities, cultural products, and precious metals. This proposal is a key component of the draft decree which is currently undergoing consultation before it is submitted to the Government. The decree aims to establish the regulatory framework for import-export activities, service and goods distribution, and the operation of various trading platforms within the projected IFC.…
DBS China has signed a memorandum of understanding (MOU) with China-Singapore Suzhou Industrial Park Green Development Company (CSSGD) – a subsidiary of China-Singapore Suzhou Industrial Park Development Group (CSSD) – and Climate Impact X (CIX), to advance carbon credit trading in China and beyond. The signing ceremony took place in Suzhou Industrial Park (SIP), the first government-to-government project between Singapore and China. Launched in 1994, SIP houses a diverse range of companies from around the world, including Chinese enterprises as well as those from Singapore, the US and Europe. The MOU establishes a framework to explore and assess the demand…
TORONTO, Aug. 13, 2025 (GLOBE NEWSWIRE) — Base Carbon Inc. (Cboe CA: BCBN) (OTCQX: BCBNF) with operations through its wholly-owned subsidiary, Base Carbon Capital Partners Corp. (“BCCPC”, together, with affiliates, “Base Carbon”, or the “Company”), is pleased to announce its second-quarter 2025 consolidated financial results and operational highlights. The Company will host an investor town hall in September, with details to follow over the coming weeks. All financial references are denominated in U.S. dollars, unless otherwise noted. Company Highlights: 5th consecutive quarter of carbon credit sales revenue with net cash proceeds of $1.0 million from Vietnam cookstove carbon credit monetization.Subsequent…
Beaumont City Council approved $94.6 million bonds for infrastructure upgrades, including streets and drainage. BEAUMONT, Texas — The Beaumont City Council voted unanimously Tuesday to approve Proposition A, authorizing $94.6 million in general obligation bonds to fund extensive infrastructure upgrades across the city. The bond package focuses on drainage, street, and sidewalk improvements, with an estimated $58.16 million in project costs, including a 10% contingency for inflation. Proposition A will fund a citywide sidewalk initiative, major roadway repairs, and critical drainage projects. Planned street upgrades include Lucas Drive, Avenue A, Avenue C, Carroll Street, Sycamore Street, Doucette Avenue, Dollinger Road,…
The S&P 500 (^GSPC) is set to hit another record close on Tuesday and close above 6,400 for the first time ever. As has been the case for much of the bull market that started in October 2022, large-cap technology stocks are driving the market’s latest leg higher. “Investors are back to their usual embrace of US large cap Tech stocks over large caps in general and the move is not yet overdone,” DataTrek Research Co-Founder Jessica Rabe wrote in a Tuesday research note. Rabe highlighted that the top 20 stocks by market cap in the index have risen 40.6%…
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By Davide Barbuscia NEW YORK (Reuters) -Investors are betting harder on a September Federal Reserve interest rate cut after last month’s mild inflation bump, which indicated the pass-through from President Donald Trump’s sweeping import duties to goods prices has so far been limited. July inflation numbers released on Tuesday came in largely within expectations, strengthening traders’ bets the Fed will start cutting rates at its next policy meeting in September, particularly after a weak employment report in July and sharp downward revisions to job figures for May and June. “I think that the market coming in was quietly expecting a…