Author: IA PressRoom

“Big Short” investor Dave Burt said people don’t see how the climate crisis will hurt home values.  He told CNBC that that mortgage lenders aren’t taking into account climate risk, like flooding. He warned that the housing market is in for a 2008-level price correction if the pattern continues.  Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app “Big Short” investor Dave Burt warned of the subprime mortgage crisis that launched the US into the worst recession since the 1930s. Now he’s sounding the alarm…

A German start-up has secured initial funding to develop a revolutionary fusion energy machine that it hopes can provide a future source of abundant, emissions-free power.Proxima Fusion, incorporated in January, aims to build a complex device known as a stellarator and is the latest company to join the emerging fusion industry’s effort to generate electricity by fusing atoms.Although the amount of funding is small at only €7mn, it is significant as Proxima is the first fusion company to spin out of Germany’s revered Max Planck Institute for Plasma Physics.The institute is the home of the world’s most advanced existing stellarator…

© Reuters. FILE PHOTO: Bank of Japan Governor Kazuo Ueda speaks at a group interview with media in Tokyo, Japan, May 25, 2023. REUTERS/Kim Kyung-Hoon By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Tuesday the central bank will patiently maintain its ultra-loose monetary as there is some distance to sustainably achieve its 2% inflation target, downplaying expectations for a policy change in the near-term. “We expect inflation to quite clearly slow below 2%” toward the middle of the current fiscal year, Ueda told parliament. “Inflation is likely to rebound thereafter … though…

© Reuters. FILE PHOTO: Britain’s Queen Elizabeth II greets Australian SAS Corporal Ben Roberts-Smith (L), who was recently awarded the Victoria Cross for Australia, during an audience at Buckingham Palace in London November 15, 2011. REUTERS/Anthony Devlin/POOL By Byron Kaye SYDNEY (Reuters) – Australian special forces soldier Ben Roberts-Smith was lauded as a hero and awarded Australia’s highest military honour for “conspicuous gallantry” during a 2010 attack on two Taliban machine-gun posts during his fifth tour of Afghanistan. But according to three newspapers, backed by accounts of other soldiers who said they were there, the Victoria Cross recipient also played…

2/2 © Reuters. A residential building burns after being damaged during a massive Russian drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine May 30, 2023. Press service of the Kyiv City Military Administration/Handout via REUTERS 2/2 By Pavel Polityuk and Max Hunder KYIV (Reuters) – Russia launched another wave of attacks on Kyiv in the early hours of Tuesday and the city’s air defence systems were shooting down incoming missiles, while air raid sirens blared in several other regions. “A massive attack!” Kyiv Mayor Vitali Klitschko said on the Telegram messaging app. “Do not leave shelters.” Falling debris…

TOPSHOT – A man raises a fist while marching along the parade route during the San Francisco Pride … [+] parade in San Francisco, California on Sunday, June, 25, 2017. / AFP PHOTO / Josh Edelson (Photo credit should read JOSH EDELSON/AFP via Getty Images)AFP via Getty Images Clothing retailer Kohl’s is the latest company to draw conservative backlash for LGBTQ+ Pride support. Like Target TGT , Kohl’s 2022 ESG Report shows a clear focus on supporting the LGBTQ+ community. However, it is unclear if ESG is driving the support, or if the report reflects existing corporate priorities. As Pride…

© Reuters. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. REUTERS/Stringer By Yuka Obayashi TOKYO (Reuters) – Oil prices rose on Tuesday as the expectations the debt ceiling deal in U.S., the world’s biggest oil user, will spur more demand but fears of further interest rate rises and that OPEC+ will leave output quotas unchanged capped gains. futures climbed 35 cents, or 0.5%, to $77.42 a barrel by 0145 GMT after gaining 12 cents on Monday. U.S. West Texas Intermediate (WTI) crude rose 53 cents to $73.20…

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration By Ankur Banerjee SINGAPORE (Reuters) – The U.S. dollar fell on Tuesday against a basket of major currencies but did not drift far from a two-month peak, after a deal over the U.S. debt ceiling lifted risk sentiment, although the agreement could face a rocky path through Congress. The , which measures the U.S. currency against six major peers, slipped 0.125% to 104.17, easing away from the two-month high of 104.42 it touched on Friday. The index is set to end the…

Now comes the hard part. If you thought it was hard for President Biden and House Speaker Kevin McCarthy, R-Calif., to marshal a debt ceiling deal, wait to see if it’s even more challenging to advance the bill through Congress.Both the president and speaker will test their powers of persuasion to line up the votes for the deal.It’s pretty clear the wings of both parties – the far right and far left – are incensed about this pact.BIDEN, MCCARTHY REACH DEBT CEILING DEAL TO AVOID DEFAULT: HERE’S WHAT’S IN ITNo one truly knows how many yeas and nays there are for…

Store parking lots can present dangers for workers and customers alike. Roughly half of all deaths one outlet recorded at retailers in early 2022 occurred in parking lots. Walmart and Target employees say they fear gun violence and unsafe drivers in parking lots. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Austin Cullon was only 27 years old when he died on the job at Walmart.On April 6, Cullon was doing an everyday task — returning shopping carts in the parking lot of his Walmart…