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5 Minutes at the Top of the Hour

Latest news stories from around the world brought to you at the top of the hour

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Tesla says its 4Q profit rose 59%, expects strong demand

Thu, Jan 26, 2023 at 10:08 am

( ) -q-20- UNDATED (Correspondent Jeremy House) “a year ago.”

Tesla has posted record net income for the fourth quarter of last year.

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TAG: Correspondent Jeremy House reporting. Revenue for the quarter was $24.32 billion, which fell short of the $24.67 billion that analysts expected.

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VERBATIM: The company predicts additional software-related profits will keep its margins higher than any other automaker. The Austin, Texas, maker of electric vehicles and solar panels said it made $3.69 billion from October through December. Tesla’s profit was 59% more than the same period a year ago.

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Greg Clugston SRN News White House correspondent

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Former presidents, VPs asked to recheck for classified docs

Thu, Jan 26, 2023 at 7:54 pm
The National Archives has asked former U-S presidents and vice presidents to recheck their personal records for any classified documents. The Archives sent a letter to representatives of former presidents and vice presidents extending back to Ronald Reagan to ensure compliance with the Presidential Records Act. The request follows the news that President Biden and former Vice President Pence had classified documents in their possession. The issue of handling sensitive government material has taken on greater significance since former President Trump willfully retained classified documents at his Florida estate.
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Bob Agnew SRN News U.S. Senate correspondent

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Senator Manchin Seeks To Delay New EV Tax Credits

Wed, Jan 25, 2023 at 1:45 pm
The tax credits are a key feature in President Biden’s landmark climate law, but Manchin says the administration is trying to bypass a requirement that big portions of the needed batteries be made in North America. Manchin says the climate bill -passed as the Inflation Reduction Act -“is first and foremost and energy security bill.” Manchin says circumventing the battery production requirement nullifies the tax credits. He says their purpose was to grow domestic manufacturing, and reduce U.S. dependence on foreign supply chains.
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Bernie Bennett SRN News U.S. House correspondent

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New Inflation Report

Thu, Jan 12, 2023 at 2:03 pm

Inflation eased again in December, assuring economic policymakers that price increases are pulling back after soaring to 40-year highs last year. More details from Correspondent Bernie Bennett.

The consumer price index shows that inflation cooled last month to 6.5%, as expected, down from 7.1% in November and well below a June peak of 9%.
The Consumer Price Index for all items fell .1 percent, even as gasoline prices are in decline.

The CPI report shows signs that the Federal Reserve’s interest rate increases are cooling the overheated economy.

It was the slowest rate of price increases in more than a year. Inflation is still well above normal levels, and the economy remains vulnerable to shocks that could send prices back up.
Bernie Bennett in Washington.

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Michael Harrington SRN News religion desk editor

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The international governing body of track and field ponders transgenderism

Thu, Jan 26, 2023 at 9:55 am

The international governing body of track and field ponders transgenderism

VERBATIM: Officials with World Athletics may place more restrictions on men who want to compete against women. While the new rules under consideration would not place an outright ban on males in female sports, it would establish further limits on who can compete and how. It’s being reported that a new, lower limit on testosterone numbers is in play, amongst other things. World Athletics will reported make a final decision sometime in March. Michael Harrington, SRN News.

 

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Business

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WALL STREET BUSINESS REPORT 1-27

Fri, Jan 27, 2023 at 5:41 am

WALL STREET BUSINESS REPORT 1-27

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Sports

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AM SPORTSCAST 1-27

Fri, Jan 27, 2023 at 5:39 am

AM SPORTSCAST 1-27

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Editorial Cartoons

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Michael Ramirez
Wed, Jan 18, 2023

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