General News
--Increase would follow 75 basis points last month
--Analysts speculate central bank could feel pressed to hike rates 1 point
--Europe’s central bank raised rates last week for the first time in 11 years
-Wildfires prompted thousands to flee towns near Yosemite National Park
--Fire claimed 15,00 acres in central California
--California Governor Gavin Newsom declared state of emergency
--Attacks come one day after Russia pledged to allow grain shipments
--Grain exports are crucial to avoid food shortages in the developing world
--US Secretary of State Antony Blinken said it “casts serious doubt” on the grain deal
Deadly Bacteria Found for First Time in U.S. water, soil samples: NBC
--Burkholderia pseudomallei was detected in the Gulf Coast region of Southern Mississippi.
--The Centers for Disease Control and Prevention alerted doctors and public health experts
--The baterica causes an illness called melioidosis, which is fatal in half of its cases
--Assessment comes in rare interview from Head of UK’s foreign intelligence service
--Russia facing critical shortages of manpower and material to pursue war
--Ukraine will have an opportunity to “strike back” in the fall.
Russia Labeled Sponsor of Terrorism by U.S. Sentate: U.S. Government
--The nonbinding resolution was approved unanimously
--Decision taken for actions in Chechnya, Georgia, Syria and Ukraine
--The U.S. House is considering s similar resolution
Company & Industry News
--Apple Watch Pro aimed at market for extreme sports
--Watches will sport longer battery life, body temperature sensor
--Watches will use same chip as series 6 watches
--CEO Elon Musk said race car techniques will deliver same-hour service
--Goal is to make most appointments same-day repairs
--Faster service will rely in part on bigger centers and specialization
--A16Z to focus on virtual work
--Firm to open 3 new offices in Miami Beach, New York, and Santa Monica
--Covid reduced benefits of “Silicon Valley Effect”
--Samsung filed for 11 applications seeking tax breaks for building the facilities
--The applications signify a $192 billion investment and the potential for around 10,000 jobs.
--The goal would be to build the plants over two decades; - the earliest in 2034.
--Ford to import lower-cost, iron-based batteries popular in China
--Move will help Ford meet goal of producing 600,000 EVs annually by 2023
--Move addresses shortage of nickel and cobalt that’s limited EV output
Insights