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Stocks

“The stock market took a narrow road to record highs last month”

“…Just six large tech stocks contributed to more than 75% of the S&P 500’s gain in May, a move reminiscent of how the “Magnificent Seven” tech stocks drove the market rally in 2023. Rises in Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT),… Continue Reading…

Economy

“Fears Sadiq Khan will bring in pay-per-mile road taxes after spending £3m on project”

“Sadiq Khan spent £3 million of taxpayers’ money planning a pay-per-mile road charging system, amid fears he could bring the scheme in if he is re-elected. Transport officials were working on a driver charging project as recently as January, even though… Continue Reading…

Economy

“Biden okays $60 million in aid after Baltimore bridge collapse as governor warns of ‘very long road ahead’”

“Maryland Gov. Wes Moore warned Thursday of a “very long road ahead” to recover from the loss of Baltimore’s Francis Scott Key Bridge as the Biden administration approved $60 million in immediate federal aid after the deadly collapse… The sudden… Continue Reading…

Economy

“Storm-ravaged Libya faces a long road to recovery as humanitarian groups ask for $71 million in aid”

“…According to the UN Development Programme, “humanitarian partners are requesting $71.4 million to respond to the most urgent needs of 250,000 people targeted out of the 884,000 people estimated to be in need, over the next three months.” Roula Abubaker, a… Continue Reading…

Energy

“Soaring gas prices are forcing some Uber, Lyft drivers off the road”

“…The Consumer Price Index, which measures the prices Americans must pay for goods and services, is up 8.5% from a year ago — notching a fresh high in March. However, gas prices jumped 18.3% for the month, boosted by the war in Ukraine and… Continue Reading…

Economy

“$700 million in oil spill money slated for Louisiana roadwork”

“Louisiana lawmakers want to redirect nearly $700 million in Gulf oil spill recovery money that had been earmarked for trust funds to instead finance roadwork, bridge upgrades and port improvements. The state is receiving yearly payments of $53.3 million through… Continue Reading…