Corporate news, financial markets, and economic trends
The government of Australia pumped an additional AUD 2 billion into the Clean Energy Finance Corporation to accelerate its nation’s renewable energy transition. This injection has been aimed at supporting Australia to reach its ambitious target of reaching net-zero emissions by 2050. A milestone investment towards hastening the transition to renewable energy for Australia, the…
The House Energy and Commerce Subcommittee on Environment reviews the impact of the Frank R. Lautenberg Chemical Safety Act on the U.S. chemical supply chain, addressing regulatory challenges and future strategies. The House Energy and Commerce Subcommittee on Environment met today to review the progress and challenges in the U.S. chemical supply chain, nearly a…
Chairman Hill endorses Acting FDIC Chairman Travis Hill’s initiatives on regulatory reform, technological innovation, and a balanced approach to banking supervision. Chairman Hill was recently quoted praising Acting Federal Deposit Insurance Corporation Chairman Travis Hill for the priorities of the American banking system that the latter has recently outlined. On January 20, 2025, Travis Hill…
In December 2024, mortgage loans in forbearance decreased somewhat to 0.47%, according to a study by the Mortgage Bankers Association, indicating a consistent improvement at high interest rates. The percentage of mortgage loans in forbearance decreased slightly in December 2024, from 0.48% in the previous month to 0.47%. Even as homeowners continue to deal with…
Talk about how Latin America is advancing sustainable aviation through strategic initiatives, SAF manufacturing, and innovation partnerships in order to achieve net-zero emissions by 2050. With global aviation aspiring to reach net-zero carbon emissions by 2050, Latin America stands at a crossroads in the decarbonization of its rapidly growing air transport sector. While SAF currently…
The July 2024 Optimism Index rose to 93.7, according to the National Federation of Independent Business, which reports that 25% of owners of small enterprises cite inflation as their biggest headache. The National Federation of Independent Business (NFIB) has released its latest results, which indicate that inflation is still the biggest concern for small business…
UC Irvine Athletics has announced a multi-year partnership with Upscale CBD and VuVuV CBD Petline to upgrade health and wellness offerings for its athletes and fans. UC Irvine Athletics announced an exclusive multi-year partnership with Upscale CBD and VuVuV CBD Petline, the companies’ first foray into collegiate athletics. This partnership is to improve health and…
The U.S. Department of Energy has announced $107 million for Fusion Innovation Research Engine collaboratives and $46 million for the Milestone-Based Fusion Development Program to help accelerate the development of fusion energy. In a significant step towards the development of fusion energy, the U.S. Department of Energy (DOE) has announced the allocation of $107 million…
The Mortgage Bankers Association supports the FHA’s new payment supplement, a new loss mitigation option meant to help the borrower avoid foreclosure amid high interest rates. The Mortgage Bankers Association (MBA) yesterday expressed its strong support for the Federal Housing Administration’s move in introducing its newest loss mitigation alternative–the Payment Supplement—to help borrowers facing financial…
Acting Labor Secretary Julie Su responds to identified inaccuracies in USDA worker safety data, outlining steps to enhance data integrity and reinforce commitment to worker safety. In a recent statement, Acting Labor Secretary Julie Su addressed concerns about the accuracy of worker safety data reported by the U.S. Department of Agriculture. This is after an…
