Tag: USA
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Euro falls to its lowest level in two years against the dollar
The euro declined further against the US dollar to a fresh low in over two years amid concerns about the Eurozone’s economy, Trump’s tariffs, and monetary policy discrepancy between the ECB and the Fed. The euro declined 0.9% against the US dollar, reaching mid-1.02, its lowest level since 21 November 2022 on Thursday. The common…
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From bold brews to bright: America’s beer tastes are shifting
America’s beer diet has gotten a lot more square writes Kathleen Willcox. Before the pandemic, beer culture was ruled by small-batch 450-calorie pastry stouts and funky, 9% IPAs. In 2019, craft brewers grew their production by 4% year-over-year, and increased their retail dollar value by 6%. Times have changed. Now, craft is cratering, and light lagers, n/a options…
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Green Hydrogen Goes From Hyped to Humbled on Eye-Popping Costs
A raft of projects to produce green hydrogen, a fuel billed as critical to reaching net zero, have been abandoned this year as expectations for tumbling costs failed to materialize. Governments and major energy companies have touted the gas as a way to clean up a swath of industries. But the uneconomic cost of production…
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Fed cuts by a quarter point, indicates fewer reductions ahead
WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional cuts in coming years. In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target…
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American single malt whiskey gains official category recognition
The Alcohol and Tobacco Tax and Trade Bureau (TTB) has issued its final rule establishing a new American single malt whiskey category. The move will “help protect and promote this growing category”, according to the American Single Malt Commission (ASMWC) and the Distilled Spirits Council of the United States (DISCUS). “This is a landmark ruling…
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US wholesale inflation surged higher in November
US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. The Producer Price Index, a measurement of average price changes seen by producers and manufacturers, rose 0.4% on a monthly basis and 3% for the 12 months ended in November,…