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"I'm in the camp that the Fed does not change policy in the summer of an election year," the Bianco Research president told CNBC's "Fast Money" on Monday.
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Joe Biden warns Benjamin Netanyahu that assault on Rafah would be 'a mistake' Financial TimesBiden speaks with Netanyahu amid escalating tensions in U.S.-Israel, warns against Rafah invasion NBC NewsBiden rules out support for major Rafah op, in first call with PM in over a month The Times of IsraelNetanyahu and Biden discuss operation in Rafah, Gaza aid The Jerusalem PostBenjamin Netanyahu's American crisis Financial Times
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Tesla 2024 Earnings Estimates Keep Coming Down. The EV Giant Is Now Hiking Vehicle Prices. Investor's Business DailyTesla's stock rallies as prices for Model Y EVs will increase in April MarketWatchTesla (TSLA) to Hike Prices of All Model Y Vehicles in the US Yahoo FinanceTesla warns of Model Y price increase as new end-of-quarter incentive Electrek.coTesla is raising Model Y prices in the U.S. and Europe even as a China price war rages Quartz
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West decries Putin's election win, China, India vow closer ties Reuters.comRussian election latest: Putin claims landslide win as West condemns 'pseudo-election' BBC.comPutin's opponents took a stand despite unfair election: exiled Russian politician CBC.caThe 7 things you need to know for Monday, March 18 The Washington PostUkraine war updates: Western leaders slam Putin's election win as 'illegitimate'; Ukraine hit with new wave of drone attacks CNBC
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Chinese battery manufacturer Gotion Inc. is suing the township where it plans to build a $2.4 billion electric vehicle battery factory, alleging breach of contract in relation to the project.
The company filed a lawsuit Friday against Green Township, which is just north of Big Rapids, three hours northwest of Detroit, in U.S. District Court Western District of Michigan, claiming that in November it "abruptly reneged" on contractual obligations established for the project in 2023.
"The (Green Township) Board gave no justifiable reason for its sudden refusal to honor its contractual obligations," the lawsuit said.
"The only thing that changed between October and November was the composition of the Township's Board, most of whose members are now ardently opposed to Gotion's project," according to the complaint, written by Gotion attorney Ashley Chrysler with Warner Norcross Judd LLP.
At immediate issue in the federal lawsuit is the construction of water infrastructure for the project, which is promised to bring 2,350 new jobs and dramatic change to the rural community.
Township board members aim to block an extension of a water line running from Big Rapids through its boundaries to serve the plant despite previously entering into a development agreement allowing it. Water is "critical" to the success of the factory, which will require up to 715,000 gallons per day to operate, according to the lawsuit.
The broader issue is general opposition to the plant by newly elected township board members who replaced pro-factory board members in a November recall election.
"To prevent the Township's sudden recalcitrance from unraveling an endeavor already years
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Volkswagen workers in Tennessee took a major step toward becoming the first big auto factory in the South to unionize, asking federal authorities to hold a factory-wide vote on joining the United Auto Workers.
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Iceland volcano still pouring out fountains of lava Reuters.comIceland Volcanic Eruption Fourth In Three Months, Nears Town - Videos from The Weather Channel The Weather ChannelIcelandic volcano erupts again, sending lava toward Grindavik The Washington PostHard Numbers: Icelandic volcano erupts, India sets election date, EU aids Egyptian economy, South Sudan schools close amid extreme heat GZERO MediaIceland volcano eruption; Blue Lagoon evacuated: See
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