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July Labs Inc. asked a federal appeals court on Friday to temporarily block the Food and Drug Administration’s order for the vaping company to immediately pull its e-cigarettes off the US market, a decision that would stub out its business. In addition to fighting the FDA’s order, Juul has been working with its legal advisers … Read more
WASHINGTON—Intel has told lawmakers and officials that it is delaying indefinitely the groundbreaking ceremony for a planned multibillion-dollar chip-manufacturing facility in Ohio, signaling frustration over uncertainty in Congress about legislation that would provide support for the US chip industry. The ceremony had been tentatively scheduled for July 22. Intel informed the office of Ohio Gov. … Read more
Russian President Vladimir Putin on Thursday was welcomed at a virtual summit with the presidents of China, India, Brazil and South Africa in a stark reminder of the limits of US-led efforts to ostracize Moscow. The Brics nation summit, hosted virtually by Chinese President Xi Jinping, gave Mr. Putin his most high-profile international stage in … Read more
The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did a year ago, but said the 33 financial institutions it reviewed passed its annual stress test of capital reserves. The Fed estimated $ 612 billion in potential losses for banks in its most severe economic scenario, … Read more
The Supreme Court struck down New York State’s system for issuing concealed-weapons permits, ruling that the century-old law requiring applicants to demonstrate “proper cause” and “good moral character” violates the Second Amendment. The 6-3 decision in the case, New York State Rifle & Pistol Association Inc. v. Bruen, marks the widest expansion of gun rights … Read more
BERLIN — The German government moved closer to rationing natural gas on Thursday after Russia cut deliveries to the country last week in an escalation of the economic war triggered by Moscow’s invasion of Ukraine. Berlin triggered the second of its three-step plan to deal with gas shortages after the Kremlin-controlled energy giant Gazprom, the … Read more
Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it for the long haul: distract yourself. Retirement Tip of the Week: With markets acting up, and lots of red ticker … Read more
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The Indian government has asked state oil companies to scoop up huge volumes of cheap crude from Russia, according to industry executives, strengthening commercial ties with the country even as the West tightens sanctions on Moscow. Western countries have sought to hamper Russia’s ability to use its vast oil and gas exports to fund the … Read more