Latest news with #I-44
Local Norway
13-05-2025
- Business
- Local Norway
How the latest trade war developments have affected the Norwegian krone
The news of a 90-day tariff break between the world's two largest economies - the United States and China - briefly boosted the dollar, pushing it up about 10 øre against the krone by mid-morning on Monday. However, the euro's decline and the krone's simultaneous strengthening suggest that Norway's currency may be better positioned than headlines indicate, especially in the broader, long-term view. READ MORE: Analysts predict Norway's krone could make up lost ground on the euro and US dollar Short-term dollar strength, long-term doubts The dollar's initial bounce was largely psychological, according to currency strategist Nils Kristian Knudsen of Handelsbanken. "The dollar has been hit hard by trade tensions, so any form of clarification gives it some relief," Knudsen told the newspaper e24. "But this is not a done deal. The damage to the dollar's credibility is already done." Knudsen argued that the Trump administration has weakened foreign confidence in the dollar by using it as a policy lever in trade disputes , making long-term dollar strength unlikely. "The market has realized that the dollar can be used as a bargaining chip," he added. Advertisement Senior strategist Dane Cekov at Sparebank 1 Markets echoed the sentiment, noting that while some recovery in the dollar is expected, much of the upside has already been priced in. Although we may see short-term gains, I still expect a weaker dollar over the long term, Cekov said. "Uncertainty is lower than before, but it's far from gone." READ ALSO: What are the US tariffs on Norway, and how could they affect you? Euro weakens, but not for long? The euro dipped against the dollar following the trade news, but analysts say the euro still holds ground. "I think the euro will continue to play a stronger role," Knudsen noted, citing consistent structural support from the eurozone and limited future upside for the dollar. This dynamic has worked in favour of the Norwegian krone, which strengthened against the euro during Monday trading. By late afternoon, one euro traded for 11.58 kroner – slightly lower than recent levels. Advertisement Good news for the krone Despite its dip against the dollar, the krone gained strength against a broader basket of currencies, especially in import-weighted indexes like I-44, which measure the krone's performance against Norway's key trading partners. Since the euro holds more weight than the dollar in this context, the krone's gain is seen as positive. It's more important for Norway that the krone strengthens against the euro than the dollar, Cekov said. "The trade truce reduces recession risks, oil prices are rising, and risk sentiment has improved - all favorable for the krone," he explained.
Yahoo
26-03-2025
- Automotive
- Yahoo
Local drivers see notable rise in gas prices
SPRINGFIELD, Mo. — Drivers in Springfield are noticing a jump in gas prices this week, with some gas stations leaping to 40 cents higher than others. Missouri State University Professor of Economics Dr. David Mitchell says that a price jump this time of year is typical because refineries are switching to a different blend of gasoline. 'Summer blends are a whole lot more expensive than the winter blends. And so it's when the refineries switch over from one through the summer you can see this large increase in gas prices,' says Mitchell. According to the U.S. Energy Information Administration, these summer blends of gasoline help limit evaporation. One dead, one seriously injured after fatal I-44 crash near Halltown 'Prices start kicking up again for the summer driving season, then kind of back down again after Labor Day,' says Mitchell. One Springfield driver says she drives about an hour every day, and she's noticed the change at the pump. 'A few days ago it was like $2.60, and now it's like $2.99. So, it definitely jumped up pretty high,' says Sapphire Eaton. The average cost of a gallon of gas in Springfield is just over $2.80, according to AAA. Just yesterday, the average was over $2.60. Harlem Globetrotters, Arvest Bank team up for food insecurity awareness Lauren Hughes says she hadn't noticed the price change, but not that she knows it will affect how she handles her gas money. 'I'll definitely be budgeting now that I'm more aware of what's going on with gas prices for sure,' says Hughes. While a price jump is typical for this time of year, Mitchell says this a slightly more than he's seen in the past, and this could be because of the uncertainty surrounding tariffs. 'Companies might be kicking on an extra nickel just because people expect prices to go up because of the tariffs,' says Mitchell. To find the best gas prices in Springfield, you can use the Ozarks First Gas Price Tracker. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
07-03-2025
- Yahoo
Truck driver involved in fatal I-44 crash now in ICE custody
Editor's note: This clip is from the March 27, 2024 I-44 crash SULLIVAN, Mo. – A truck driver involved in a deadly crash on Interstate 44 a year ago is now in federal custody. The crash happened on March 27, 2024, near Sullivan. Police said the tractor-trailer driver, identified as Manpreet Singh, went through a cable barrier and crossed over the highway median from westbound lanes into the eastbound lanes and struck an SUV head-on. The driver of the SUV, Edith McKee, was pronounced dead at the scene. She was 59. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now A Franklin County grand jury indicted Singh in November 2024 with one count of first-degree involuntary manslaughter. A warrant was issued for Singh's arrest that same month. In December 2024, Singh was arrested in Douglas County, Missouri. Singh posted bond and surrendered his passport to his attorney in January 2025, with the approval of the Franklin County Circuit Court. As of March 4, 2025, Singh is in the custody of U.S. Immigration and Customs Enforcement (ICE). An exact location was not provided. According to online court documents, Singh's listed address is in Elmont, New York. Singh is due in Franklin County Circuit Court on May 20 for a case review. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
