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Major pump price hike set Tuesday

Motorists will have to pay more for petroleum products this week, as oil firms are set to implement a major price hike on Tuesday which would offset all the rollbacks implemented in the previous week. In an advisory, Chevron Philippines Inc. (Caltex), Flying V, Petron Corp., Seaoil Philippines Corp., and Shell Pilipinas Corp. said they will hike prices per liter of gasoline by P0.85, diesel by P1.75, and kerosene by P1.90. Cleanfuel, Petro Gazz,...

2024-06-17T04:06:01Z

Colombia’s Top-Scoring Soccer Star Balks at National Wealth Tax

The top scorer in the history of Colombia’s national team is coming home, but only for six months because he doesn’t want to pay the nation’s wealth tax.

2024-06-21T21:57:54Z

Best Savings Account Interest Rates in New Jersey: June 2024

Vault’s Viewpoint: Overview of the Best Savings Rates in New Jersey Most of the best high-yield savings accounts are at online banks, making them accessible to savers in New Jersey and across the rest of the U.S. However, if you value the ability to bank in person, you can still find some of the best […] The post Best Savings Account Interest Rates in New Jersey: June 2024 first appeared on Newsweek Vault.

2024-06-21T21:31:09Z

Top German minister on peace mission amid China EV tariffs row

Germany's Vice Chancellor Robert Habeck will arrive in Beijing on Friday on a last-ditch mission to avoid a damaging trade war with China after the EU threatened to slap additional tariffs on electric cars. Germany's large and influential auto manufacturers are fearful of a trade war with Beijing that could rebound on their business activities in China.

2024-06-21T10:04:56Z

LA Lawmaker Vows New $15 Billion Fight Over Oil at Calpers, Calstrs

A California bill forcing the two largest US pension funds to divest an estimated $15 billion in oil and gas assets has quietly fizzled for the third straight year, but the influential state lawmaker behind the effort vowed to renew the legislation with a stronger alliance of climate activists.

2024-06-21T16:36:34Z

Boeing may avoid criminal charges over violations: report

The US Department of Justice is considering a deal with Boeing that would avoid criminal prosecution of the aerospace giant but may appoint a federal supervisor to oversee company progress on safety improvements, The New York Times reported Friday. Officials also reportedly believe that the appointment of a watchdog would be "a quicker, more efficient way" to ensure safety and quality control improvements are made, the newspaper said.

2024-06-21T20:57:32Z

California's Million-Dollar Homes Are Becoming a Problem for Buyers

High-priced homes are driving the jump in prices in the state.

2024-06-22T00:10:04Z

Marcos economic managers urge Japan firms to expand in Philippines

The economic managers of the Marcos administration on Wednesday urged Japanese companies to expand their presence in the Philippines. In a news release, the Department of Finance (DOF) said the country’s delegation to Tokyo, led by Finance Secretary Ralph Recto, held meetings with Sojitz Corporation, Mitsubishi Corporation, Murata Manufacturing Co., Ltd., and Sumitomo Corporation on the sidelines of the Philippine Economic Briefing. The meetings...

2024-06-19T07:08:33Z

Equity Group-Backed Ardent Health Files for IPO in Second Try

Hospital operator Ardent Health Partners Inc., whose majority owner is Equity Group Investments, has filed again for an initial public offering.

2024-06-21T23:08:34Z

Salmon Group eyes $2-B loan portfolio in next five years

Financial technology firm Salmon Group Ltd. on Wednesday said it targets to grow its loan portfolio to $2 billion in the next three to five years as it seeks to expand its customer base by catering to what it calls the “neglected” market, and stepping into other countries in Southeast Asia. According to Salmon co-founder Raffy Montemayor, the firm is looking to reach a $2 billion or P100 billion loan portfolio in the next three to five years,...

2024-06-19T10:09:07Z

Best Savings Account Interest Rates in Texas: June 2024

Vault’s Viewpoint: Overview of the Best High-Yield Savings Rates in Texas Savings Account Superlative APY Minimum Deposit Monthly Fees My Banking Direct High Yield Savings Account Best APY 5.55% $500 None Forbright Bank Growth Savings Best APY With No Minimum Deposit 5.30% $0 None UFB Secure Savings Best for Same APY Across All Balances 5.25% […] The post Best Savings Account Interest Rates in Texas: June 2024 first appeared on Newsweek Vault.

2024-06-21T22:01:12Z

James K. Irving, Canadian Forestry Billionaire, Dies at 96

James K. Irving, the Canadian billionaire who expanded his family’s forest products business into a conglomerate and founded a record tree-planting program, has died. He was 96.

2024-06-21T23:23:02Z

Remittances hit 11-month low in April

Remittances fell to an 11-month low in April after the seasonal increase recorded in the previous month, with inflows expected to be dragged down by the risk of an economic slowdown in the United States and other countries that host a large number of overseas Filipinos. Data released by the Bangko Sentral ng Pilipinas (BSP) on Monday showed that cash remittances or money transfers through banks or formal channels stood at $2.562 billion in...

2024-06-17T06:06:21Z

US home sales fall for the 3rd straight month in May amid rising mortgage rates, record-high prices

LOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged many prospective homebuyers during what's traditionally the housing market’s busiest period of the year. Existing home sales fell 0.7% last month from April to a seasonally adjusted annual rate of 4.11 million, the National Association of Realtors said Friday. Sales also fell 2.8%...

2024-06-21T14:19:49Z

South Carolina governor visiting Germany, a major driver of the state's economy

COLUMBIA, S.C. (AP) — South Carolina Gov. Henry McMaster is off to Germany next week to strengthen business ties that have fueled this century's economic boom in the formerly struggling Southern state. The governor is an invited guest at the TDI conference, also known as the Day of German Industry. McMaster will give a keynote speech on South Carolina's relationships with German companies and participate in a panel discussion, South Carolina...

2024-06-21T13:03:44Z

The Best CD Rates in Georgia June 2024

Best CDs in Georgia 2024 We analyzed dozens of banks and credit unions in the Peach State to find the best Georgia CD rates, along with an online application process and reasonable deposit requirements. Our top picks are based on a variety of factors, including: Vault’s Viewpoint: Overview of the Best Georgia CDs There are […] The post The Best CD Rates in Georgia June 2024 first appeared on Newsweek Vault.

2024-06-21T20:00:55Z

US existing home sales fall as prices hit record

Existing home sales in the United States edged lower in May as prices reached a record high on continued tight inventory, according to industry data published on Friday. - New record high - The median sale price of an existing home rose 5.8 percent year-over-year to $419,300, the highest price ever recorded.

2024-06-21T16:22:38Z

Global Investors Turn Cautious on Once Favorite Japanese Stocks

Japan’s record share market rally earlier this year is looking like a distant memory as foreign investors sell off stocks in a sluggish economy.

2024-06-23T00:32:36Z

DICT backs proposed bills for rental-free internet connectivity

The Department of Information and Communications Technology (DICT) said it will work with Congress for the reclassification of internet links as “public service,” which requires no rental payments for internet connectivity. DICT Assistant Secretary Renato Paraiso is referring to House Bill Nos. 900 and 8534 which seek to amend the National Building Code of the Philippines. HB No. 900 pushes for the inclusion of adequate space for facilities for...

2024-06-17T16:07:56Z

SSS requires use of payment reference numbers for housing loan payments

The Social Security System (SSS) on Friday announced that housing loan borrowers must present a Payment Reference Number (PRN) for their loan payments beginning this month. In a statement, the SSS said the use of PRN will make it easier for borrowers to pay their housing loans and have it posted on the same day on their loan accounts. The initiative forms part of the pension fund’s transition to Real-Time Processing of Loans (RTPL) aimed at...

2024-06-21T11:10:52Z

Facial recognition startup Clearview AI settles privacy suit

CHICAGO (AP) — Facial recognition startup Clearview AI reached a settlement Friday in an Illinois lawsuit alleging its massive photographic collection of faces violated the subjects' privacy rights, a deal that attorneys estimate could be worth more than $50 million. But the unique agreement gives plaintiffs in the federal suit a share of the company's potential value, rather than a traditional payout. Attorneys' fees estimated at $20 million...

2024-06-21T22:00:07Z

NYC Amtrak, NJ Transit Riders Confront Multiple Delays This Week

Amtrak and New Jersey Transit rail services suffered significant delays yet again this week, after an overhead power issue led to even more disruptions for commuters traveling in and out of New York City.

2024-06-21T12:41:18Z

Best Checking Accounts of June 2024

12 Best Checking Accounts of 2024 What Is a Checking Account? Checking accounts are financial tools that allow you to store your money with a bank or other financial institution and make deposits, withdrawals and transfers. Not only does this provide a safe place for you to keep your money, but it also comes with […] The post Best Checking Accounts of June 2024 first appeared on Newsweek Vault.

2024-04-17T19:27:42Z

Lockheed Martin subsidiaries reach $70 million settlement for claims they overcharged Navy for parts

STRATFORD, Conn. (AP) — Two Lockheed Martin subsidiaries have agreed to pay the federal government $70 million for overcharging the Navy for aircraft parts, the U.S. Department of Justice announced Friday. The federal agency says Sikorsky Support Services, based in Stratford, Connecticut, and Derco Aerospace, headquartered in Milwaukee, Wisconsin, knowingly entered into an improper subcontract for spare parts and materials for aircrafts used to...

2024-06-22T00:15:32Z

Canada’s China EV Tariff Plan Draws Debate Over Best Approach

Automotive and environmental groups are at odds over how far Canada should go in imposing new tariffs on Chinese-made electric vehicles, as Prime Minister Justin Trudeau’s government weighs levies to protect the domestic industry.

2024-06-21T23:38:21Z

China Earnings Pain Erodes Optimism Over Stock Market Rebound

Investors in Chinese stocks are losing patience as a long-awaited earnings recovery fails to come through and a rally unravels.

2024-06-22T00:18:28Z

Tata Steel UK staff to stage indefinite strike: union

Tata Steel UK staff in south Wales will begin an "indefinite strike" from July 8 in protest over the company's job-slashing plans, trade union Unite said on Friday. "Around 1,500 Tata workers based in Port Talbot and Llanwern will begin all-out indefinite strike action over the company's plans to cut 2,800 jobs and close its blast furnaces," Unite said in a statement on Friday.

2024-06-21T16:35:52Z

Stock market today: Wall Street coasts to the close of another winning week as Nvidia cools again

NEW YORK (AP) — U.S. stocks coasted to the close of their latest winning week on Friday, as Nvidia ’s stock continued to cool from its startling, supernova run. The S&P 500 slipped 0.2%, but it remained close to its all-time high set on Tuesday and capped its eighth winning week in the last nine. The Dow Jones Industrial Average edged up by 15 points, or less than 0.1%, while the Nasdaq composite dropped 0.2%. Nvidia again dragged on the market...

2024-06-21T07:43:42Z

38 Filipino firms in Fortune Southeast Asia 500 debut

There were 38 Philippine companies included in the inaugural Fortune Southeast Asia 500, which brings together the largest companies in the region as its core economy grows faster than those of Europe and the United States. Diversified conglomerate San Miguel Corp. (SMC) — led by businessman Ramon Ang — was the lone Filipino firm that entered the top 10 firms in terms of revenue with $26.023 billion. The company reported an P8.887-billion net...

2024-06-18T11:05:56Z

Florida's New Construction Could Help With Insurance Crisis

Insurance for new homes costs less in Florida than for existing homes.

2024-06-21T14:23:28Z

Squatters 'Invade' Homes, Police Chief Warns

In Wyoming, state Senator Jim Anderson is looking to change the situation by making squatting a criminal trespassing offense.

2024-06-21T17:09:30Z

Converge says services to be fully restored by 12 noon, June 17

Internet provider Converge Information and Communications Technology Solutions Inc. on Monday said it is working to restore its services by 12 noon on Monday, June 17, as its users may have experienced connectivity issues starting earlier in the day. In an advisory, Converge said its customers may have started to experience the issues at 9 a.m., but the issue has been addressed. It did not provide further information on the cause. “We have...

2024-06-17T05:06:13Z

The Best CD Rates in New Jersey June 2024

Best CD Rates in New Jersey of 2024 We’ve compared CDs from national, regional and online banks and credit unions to find the highest rates accessible to savers in New Jersey. Below, find three banks and credit unions with the best New Jersey CD rates for short-term and long-term CDs. Vault’s Viewpoint: Overview of the […] The post The Best CD Rates in New Jersey June 2024 first appeared on Newsweek Vault.

2024-06-21T18:30:39Z

DOLE: Possible POGO ban to affect jobs of 22K Filipinos in NCR

Around 22,000 Filipinos working in legal Philippine Offshore Gaming Operators (POGOs) in Metro Manila might lose their jobs should the online gaming companies be banned in the country, the Department of Labor and Employment (DOLE) said Thursday. Labor Secretary Bienvenido Laguesma said that last year, they inspected all the legally operating POGO firms in the National Capital Region (NCR) and based on the inspection, they gathered data for the...

2024-06-20T04:11:36Z

DOJ Says It Still Hasn’t Decided Whether to Prosecute Boeing

The US Justice Department told attorneys for families of victims of two fatal 737 Max crashes that it still hasn’t decided whether to pursue criminal charges against Boeing Co., after determining last month the planemaker had breached a 2021 agreement with the government.

2024-06-21T19:37:55Z

Bannon Asks Supreme Court to Keep Him Out of Jail During Appeal

Steve Bannon, a longtime adviser to former President Donald Trump, is asking the US Supreme Court to keep him out of prison while he fights to overturn his conviction for contempt of Congress.

2024-06-21T15:20:55Z

The Best CD Rates in Connecticut: June 2024

Best and Highest CDs in Connecticut 2024 To find the best Connecticut certificate of deposit accounts for this ranking, we compared criteria such as: The following three banks are our top picks for high interest rates, low deposit requirements, no fees, daily interest compounding and a wide range of CD terms. Vault’s Viewpoint: Overview of […] The post The Best CD Rates in Connecticut: June 2024 first appeared on Newsweek Vault.

2024-06-21T20:46:00Z

Ferrari eyes electric future with solar-powered factory

Italian luxury carmaker Ferrari on Friday inaugurated a new solar-powered factory at the group's historic Maranello site, where its much anticipated wholly electric car should be produced from 2026. The factory, covering 42,500 square metres and located just north of the current Ferrari campus, will produce the group's legendary combustion engine cars as well as hybrids and the firm's first EV. Dubbed an "e-building", the rectangular,...

2024-06-21T13:39:56Z

Senate in Massachusetts passes bill curtailing use of plastics including bags, straws

BOSTON (AP) — The state Senate in Massachusetts has passed a wide-ranging bill curtailing the use of plastics, including barring the purchase of single-use plastic bottles by state agencies. The bill, approved Thursday, also bans carry-out plastic bags at retailers statewide and require stores to charge 10 cents for recycled paper bags. It also requires straws and plasticware to be available only by request and creates a program to recycle large...

2024-06-22T16:18:13Z

Best Savings Interest Rates in Florida: June 2024

Vault’s Viewpoint: Overview of the Best High-Yield Savings Rates in Florida Saving money is a key part of building a bright financial future, and the savings account where you choose to stash your funds can have a big impact. Although many big banks offer small rates, Floridians tend to find the best rates when working […] The post Best Savings Interest Rates in Florida: June 2024 first appeared on Newsweek Vault.

2024-06-21T21:16:03Z

Green lanes certified investments reach P2.321-T —BOI data

The amount of investments which secured green lane certifications has grown to over P2 trillion, more than a year since an executive order creating green lanes to fast track processing of strategic investments was issued. Data released by the Board of Investments (BOI) on Thursday showed that the One-Stop Action Center for Strategic Investments (OSAC-SI) —a single point of entry for all projects qualified as strategic investments— certified...

2024-06-20T10:12:29Z

Car dealerships are being disrupted by a multi-day outage after cyberattacks on software supplier

NEW YORK (AP) — Car dealerships across North America have faced major disruptions this week. CDK Global, a company that provides software for thousands of auto dealers in the U.S. and Canada, was hit by back-to-back cyberattacks on Wednesday. That led to an outage that continued to impact many of their operations on Friday. For prospective car buyers, that may mean delays at dealerships or vehicle orders written up by hand, with no immediate end...

2024-06-21T16:34:21Z

DOJ Drops Claims That TikTok Misled US Consumers in Lawsuit

The US Justice Department is dropping one of two proposed claims against ByteDance Ltd.’s TikTok, planning to focus a consumer protection lawsuit later this year on children’s privacy instead of allegations the video-sharing platform misled consumers about their data security.

2024-06-20T22:24:01Z

Dollar Winning Streak Extends Into Fifth Week as Yen Slumps

A key gauge of the dollar strengthened for a fifth week as the timing for the Federal Reserve’s first interest-rate cut remains cloudy.

2024-06-22T06:04:22Z

US Moves Closer to Restricting Outbound Investment in China for Chips, AI Tech

The Biden administration advanced plans to restrict investments by US individuals and companies into China, with a focus on curbing Beijing’s ability to gain ground in semiconductors, quantum computing and artificial intelligence.

2024-06-21T16:17:03Z

Florida Homeowners Hit With Housing Market Double Whammy

Homes are remaining unsold for longer amid high insurance costs in the state.

2024-06-21T19:39:54Z

Philippines stays at 52nd spot in world competitiveness ranking

The Philippines’ competitiveness ranking across the world remained at the same level as last year as challenges offset improvements this year, according to a report by Switzerland-based Institute of Management Development (IMD). In its 2024 World Competitiveness Report, the IMD placed the Philippines 52nd out of 67 economies it ranked all over the world. The country remained in the same spot as last year’s. The IMD’s World Competitiveness...

2024-06-18T12:06:07Z

Social Security Tax Changes for One State

Governor Laura Kelly on Friday signed the new tax rules into effect, three days after state lawmakers approved the Social Security update.

2024-06-21T21:25:13Z

DOLE: PH’s inclusion in worst countries for workers 'unreasonable'

Labor Secretary Bienvenido Laguesma over the weekend denounced the inclusion of the Philippines in the International Trade Union Confederation's (ITUC's) list of the top 10 worst countries for workers, arguing that this was unreasonable and did not reflect the actual situation in the country. Responding to the 2024 Global Rights Index of the ITUC, Laguesma said on Super Radyo dzBB, “Nakalulungkot at hindi katanggap tanggap ‘yun pong nabanggit na...

2024-06-16T09:03:12Z

Newly named Washington Post editor decides not to take job after backlash, will stay in Britain

NEW YORK (AP) — The Washington Post said Friday that newly named editor Robert Winnett has decided not to take the job and remain in Britain instead, another upheaval at a news outlet where a reorganization plan has gone disastrously wrong. The Post’s CEO and publisher, Will Lewis, announced Winnett’s decision to withdraw in a note to staff on Friday morning, and said a recruitment firm would be hired to launch a search for a replacement...

2024-06-21T13:43:18Z