MONDAY, MARCH 18, 2024
Economy
Conflicting Signals Muddle Fed’s Path
The Federal Reserve faces a dilemma as it assesses the tightness of its monetary policy, with resilient economic growth and signs of inflationary pressure suggesting a cautious approach, while the relatively high federal-funds rate and potential weakening of the economy point towards a need for rate cuts.
TUESDAY, MARCH 19, 2024
Oil
U.S. Oil Export Destinations, Ranked
The U.S. oil industry achieved a new record in 2023 by exporting over 4 million barrels per day, with the Netherlands emerging as the top destination for U.S. crude, driven by increased transatlantic trade with Europe amid reduced Russian supplies.
WEDNESDAY, MARCH 20, 2024
Economy
Negative Rates Era Ends With Japan Move
The Bank of Japan has abandoned its negative interest rate policy, concluding the global experiment with negative rates, which proved to have limited effectiveness in stimulating economies and achieving inflation targets.
THURSDAY, MARCH 21, 2024
Economy
Fed Sees Three Rate Cuts in ’24
Despite firmer inflation, Federal Reserve officials reaffirm plans to cut interest rates three times this year, leading to a surge in stock prices.
THURSDAY, MARCH 21, 2024
Hydrogen
Nikola Hits Supply Roadblocks In Rollout of Hydrogen Trucks
Shortages of pressurized fuel tanks and electric batteries are causing delays in the production and rollout of Nikola's hydrogen-powered big rigs, hindering their ability to meet the growing demand for zero-emission trucks, particularly in California.
FRIDAY, MARCH 22, 2024
Medical
Surgeons Transplant Pig Kidney Into a Living Patient
A 62-year-old man with end-stage kidney disease receives a genetically modified pig kidney in a groundbreaking transplant procedure at Massachusetts General Hospital, offering hope for organ transplant patients.
SATURDAY/SUNDAY, MARCH 23 - 24, 2024
Medical
Mind-Reading Brain Implant Gets A Test Run in the Operating Room
Precision Neuroscience temporarily implanted their brain-computer interface (BCI) during brain surgery, aiming to develop BCIs that allow paralyzed patients to operate computers with their thoughts and regain independence.