In something of a reversal in trends, Occidental Petroleum has started buying back preferred stock it transferred to Warren Buffett’s Berkshire Hathaway in exchange for its financial backing for the Anadarko takeover. The news comes […]
Alberta’s power grid saw wind power generation crater to 0.17 per cent on Wednesday, one day after it similarly cratered. At 11:25 a.m. on Wednesday, May 10, the Alberta Electric System Operator (AESO) showed that […]
Hu Mingdan, a civil servant in eastern China, prided herself on landing a job known as an “iron rice bowl” – the kind where you don’t worry about being laid off or chasing payment. That […]
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally closed mixed Wednesday, amid a tame CPI inflation report and a big move by Google parent Alphabet […]
Daily Standup Top Stories The U.S. Needs To Double The Size Of Its Energy Grid May 10, 2023 Mariel Alumit While the U.S. clean energy sector is booming, the country’s energy grid will need to expand […]
Airbnb (ABNB) reported solid first-quarter earnings growth late Tuesday, benefiting from the strong travel rebound in 2023. But Airbnb stock plummeted following results and a less-than-stellar forecast for the second quarter. Earnings jumped to 18 […]
Tehran, Iran – Iran has hanged three prisoners, including a man known as the “sultan of cocaine”, as the United Nations warns of a rising number of executions. The men executed on Wednesday were members […]
NewsFloods Ten people were killed in a landslide in eastern Democratic Republic of Congo’s Lubero territory in North Kivu province overnight on Wednesday, local authorities have said – additional victims of recent heavy rains that […]
Update (0950ET): In an amazingly ironic piece of timing, minutes after the report of federal prosecutors probing short-sellers, Bloomberg reports that an investment firm controlled by a top Abu Dhabi royal has built a short […]
Another month, another inflation print to jawbone over. The Fed’s new favorite signal from The BLS is Core Services CPI Ex-Shelter, and this morning’s print is ‘good’ news with the YoY growth at the slowest […]
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