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Aljazeera International

First Republic collapse sparks regional bank shares sell-off

May 1, 2023 Mariel Alumit

Shares of several regional lenders have fallen on Monday after the collapse of First Republic Bank, the third major casualty of the biggest crisis to hit the banking sector in the United States since 2008. […]

Price
EIA News

A mild winter reduced withdrawals from natural gas storage in the U.S. South Central

May 1, 2023 Mariel Alumit

May 1, 2023 Data source: U.S. Energy Information Administration, Weekly Natural Gas Storage Report During this past winter heating season (Nov 1-Mar 31), the amount of natural gas withdrawn from underground storage in the U.S. […]

SILICON
Finance

THE END OF THE SILICON VALLEY DREAM

May 1, 2023 Mariel Alumit

It is difficult, given what Silicon Valley has become, to convey exactly what it was like in the 1970s and ‘80s. It was a remarkable center of technology, but also the embodiment of the spirit […]

Commodities

Largest Supply Glut In A Decade Crashes Nickel Prices

May 1, 2023 Mariel Alumit

Authored by Alex Kimani via OilPrice.com, Physical nickel markets have become oversupplied in 2023. A new wave of supply from Indonesia has put prices under pressure. International Nickel Study Group: the nickel market will face […]

Price
Bankruptcy

Market Rally Shakeout May Be Bullish Signal; JPMorgan Eyes First Republic After FDIC Takeover

April 30, 2023 Mariel Alumit

The stock market rally fell sharply during the past week, but rebounded to close with solid gains, a shakeout that could set the stage for a stronger advance. JPMorgan Chase and PNC Financial are vying […]

electric
Electric Vehicles

Women are more skeptical of electric cars than men — and won’t accept less than a 350-mile range

April 27, 2023 Mariel Alumit

Men make up most early adopters of electric cars, while women account for most EV skeptics. Higher-income consumers are more likely to adopt or consider going electric. Those skeptical about EVs aren’t willing to accept […]

Bed
Big Oil Companies

The $11.8 billion mistake that led to Bed, Bath & Beyond’s demise

April 26, 2023 Mariel Alumit

Analysis by Chris Isidore | CNN Bed, Bath & Beyond made plenty of mistakes that led to this week’s bankruptcy filing. Among the most consequential was the $11.8 billion it has spent since 2004 to buy […]

Electric Vehicles

Massachusetts prepares to launch new electric vehicle rebates early this summer

April 26, 2023 Mariel Alumit

New electric vehicle rebates are expected to become available in Massachusetts in early summer, some nine months after lawmakers passed a bill calling for the incentives’ immediate implementation. The state has said funding and logistical […]

Aljazeera International

First Republic shares hit record low after depositors pull $100bn

April 26, 2023 Mariel Alumit

EconomyBanks First Republic Bank’s shares have plunged to a record low after the lender announced that depositors withdrew more than $100bn, prompting fears of further bank collapses after the failures of Silicon Valley Bank and […]

Energy Policy

Minnesota legislation aims to boost speed and scale of green financing

April 25, 2023 Mariel Alumit

A proposal to establish Minnesota’s first “green bank” would make it easier and less expensive to finance climate and clean energy projects in the state, supporters say. The Minnesota Climate Innovation Finance Authority would receive […]

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