As a mist of rain sprinkled the fields around him in Homestead, Florida, Ford bemoaned how expensive it had been running a fossil fuel-powered irrigation system on his five-acre farm — and how bad it was for the planet. Earlier this month, Ford installed an automated underground system that uses a solar-powered pump to periodically saturate…
The U.S. may have intentionally withheld early warnings this week of Russian strikes on Ukraine, multiple sources familiar with the matter told CBS News. President Volodymyr Zelenskyy said Ukraine “received no advance warning from our partners” when Russia launched a ballistic missile barrage at Kyiv and other locations early Tuesday. The sources said American officials told…
What a difference a day can make for monetary policy. On Thursday, interest rate futures were decidedly tilted toward the Federal Reserve hiking its benchmark rate in September, according to CME FedWatch, which tracks traders to forecast the central bank’s policy decisions. But after Friday morning’s dismal July jobs report, which showed that employers unexpectedly…
Global oil prices neared $100 a barrel on Thursday as the conflict in the Middle East escalated, with Iran-backed Houthi rebels in Yemen targeting shipping in the Red Sea. Brent crude, the international standard, reached $98.82 a barrel, up $4.75, or 5.05%, according to oilprice.com. West Texas Intermediate, the U.S. benchmark, hit $90.67 a barrel, up…
