The Treasury market is ending the week on a somewhat downbeat note after struggling with Thursday’s $23 billion auction of 30-year bonds.
Washington Watch: Climate change and carbon capture: Texas, Louisiana score federal money for largest ever U.S. direct-air effort
Biden sends $1.2B for direct-air carbon-emissions capture facilities in Texas and Louisiana, technology that essentially vacuums up existing Earth-warming CO2.
: Want companies to lower their prices? Stop buying stuff from them.
To get companies to lower prices, consumers have to stop complaining about paying more for the things they want and need, and start refusing to buy them.
: David Weiss named special counsel in Hunter Biden probe
Attorney General Merrick Garland on Friday named David Weiss as a special counsel in the investigation into President Joe Biden’s son Hunter.
Key Words: Phil Mickelson responds to sports betting allegations: ‘I never bet on the Ryder Cup’
Mickelson tried to bet $400,000 on a Ryder Cup he was playing in, a new book alleges.
Cannabis Watch: TerrAscend says Morgan Stanley, BNY Mellon lift custody ban on cannabis for Toronto Stock Exchange listing
“While the removal from the blacklist has gone without much notice, we do think that this is a big deal,” said TerrAscend executive chair Jason Wild.
Market Extra: Inflation could rebound later this year. And that might be a good thing.
Inflation has slowed down significantly over the past few months, but it faces risks of re-acceleration in the fourth quarter or next year, some analysts warned.
: EVs, self-driving cars and how to make money from them in the stock market
Also, retirement scenarios, a common financial mistake you can avoid, and how China can disrupt stocks globally.
: Cathie Wood’s ARK funds unload another $19 million in Tesla’s stock
A pair of exchange-traded funds managed by Cathie Wood’s ARK Investment sold Tesla shares again on Thursday, continuing with a months-long trend.
Economic Report: Consumers see substantial improvement in economy over past 3 months, UMich survey
The University of Michigan’s gauge of consumer sentiment inched down to a preliminary August reading of 71.2 from a July reading of 71.6.
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