From US News Money
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First Solar Posts Higher Quarterly Profit on Strong Demand
(Reuters) - First Solar reported higher first-quarter profit on Wednesday compared to the same period last year, helped by resilient demand for solar energy.The company reported a net profit of $236.6 million, or $2.20 per share, for the three months ended March 31, compared to $42.5 million, or 40 cents per share, in the same period last year.Analysts expected an average of $1.99 per share, according to LSEG data.The U.S. solar market has seen significant momentum since last year, helped by...
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Fed's Powell Says Looming Election Won't Sway Rate Decisions
NEW YORK (Reuters) - Federal Reserve Chairman Jerome Powell reiterated Wednesday that political considerations around the looming presidential election will not affect the central bank's interest rate decisions.When it comes to the election, “we’re at peace with it, we know that we’ll do what we think is the right thing," Powell said at his press conference following the latest Federal Open Market Committee meeting. He added there's no evidence from Fed meeting transcripts that officials have...
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Prices of EVs, Plug-In Hybrids Fall in Chinese City of Shenzhen, State Planner Says
SHANGHAI (Reuters) - Prices of electric cars and plug-in hybrids in China's Southern Shenzhen city, a metropolis with high EV adoption, have fallen 5% to 10% this year, the country's state planner said on Monday.BYD and Denza cars have been leading the price cuts with reductions of 7.15% to 9.7% to the prices of five models in April compared to those at the beginning of the year, according to a statement of National Development and Reform Commission (NDRC).NDRC cited oversupply, falling battery...