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Business & Economy — Conservatives huddle on 'alternate' funding plan

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China Reports Record Oil and Natural Gas Production in 2023

China produced a record amount of crude oil and natural gas last year, the National Energy Administration has said. The authority added that the increase in shale and other unconventional gas output was especially remarkable. That was the same year that imports of crude oil also broke several records and natural gas imports remained robust. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write(write_html);} In crude oil, domestic production rose by more than 3 million metric tons last year, the NEA said, as cited by China Daily…

Jamie Dimon Issues Dire Warning About Economy: ‘Money Is Running Out’

JPMorgan Chase CEO Jamie Dimon has issued a fresh recessionary warning for the U.S. economy, saying that while consumers still appear to be in “good shape,” the trillions of dollars in extra money they got during the pandemic are running out and the government is running a “huge” deficit that will affect markets, scuppering any “soft landing” scenarios. Mr. Dimon made the remarks in an interview on Fox News’ “Mornings with Maria” on Tuesday, in which he pointed to a range of factors affecting the economy that he expects to culminate in a recession. “It might be [a] mild recession or heavy recession,” Mr. Dimon said, noting the…

World’s two largest coal consumers won’t be weaning off the fossil fuel anytime…

China and India’s growing economies will continue to fuel demand for coal even as they set ambitious renewable energy targets, according to experts. While China is the world’s largest energy consumer, India is ranked third globally, and both countries are the top consumers of coal as they strive to fuel economic growth. China’s share of global electricity consumption, 60 per cent of which is generated by coal, is set to jump to one-third by 2025, compared with a quarter in 2015, according to projections by energy watchdog International Energy Agency. India’s rapidly growing economy also means the country’s demand for energy…

5 Provocative 2024 Hollywood Predictions From Wall Street Experts

2023 is in the books, and it brought Hollywood a range of old and new challenges. The writers and actors strikes will keep having an impact on the film slate and, as a result, on companies’ financials in the new year. And deal chatter across Wall Street and Hollywood is likely to persist. AI and its impact on and implications for doing business is also expected to keep being a hot topic of debate. And advertising market clouds, cord-cutting, and progress toward are expected to be on entertainment industry executives’ minds. But 2024 could, of course, also have surprises up its sleeve. With that in mind, looked through predictions…