• Nov 16, 2024

Alaska political leaders hope to see Trump undo restrictions on oil drilling

President-elect Donald Trump promised repeatedly during his campaign to expand oil drilling in the U.S., which is good news for political leaders in Alaska, where oil is the economic lifeblood and many felt the Biden administration has obstructed efforts to boost the state's diminished production. A debate over drilling on federal lands on Alaska's petroleum-rich North Slope will likely be revived in the coming months, particularly in the Arctic National Wildlife Refuge, which environmentalists have long sought to protect as one of the country's last wild places.

  • Nov 15, 2024

US Inflation on Strong Trajectory to 2% Goal, Fed’s Collins Says

(Bloomberg) -- Federal Reserve Bank of Boston President Susan Collins said she sees inflation heading back to the central bank’s 2% goal even though the data may be volatile from month to month. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and Emissions“I see a strong trajectory s

  • Nov 15, 2024

JPMorgan Upgraded by S&P After Decade of Market-Share Gains

(Bloomberg) -- JPMorgan Chase & Co.’s credit grade was raised one notch by S&P Global Ratings, which pointed to the bank’s ability to weather economic shifts after years of wresting market share from rivals.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsS&P boosted the