| Here are the headlines moving the markets. |
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Is TotalEnergies The Perfect Energy Transition Play?
Back in June, France’s biggest energy company, Total SE, finalized a name change to TotalEnergies SE (NYSE:TTE), signaling a new phase in the company’s plan to transition to net zero. Total proposed the name change during its full-year 2020 earnings call in February, saying it plans to sharpen its focus on renewables, LNG, and electricity, while oil product sales would drop from the current 55% to 30% of overall revenue by 2030. “Our ambition is to become a world-class player in the energy transition. That is why Total is transforming and becoming
Read more at: https://oilprice.com/Energy/Energy-General/Is-TotalEnergies-The-Perfect-Energy-Transition-Play.html |
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Banks Continue To Fund Fossil Fuels Despite Climate Pledges
Despite investor and societal pressure, banks worldwide continue to lend money and underwrite bonds issued by oil, gas, and coal companies, with bond deals in fossil fuels arranged by banks at nearly $250 billion in 2021, Bloomberg data showed on Monday. JP Morgan financed the largest volume of loans and bonds combined so far this year, followed by Wells Fargo, Citi, RBC, and Mitsubishi UFJ, data as of December 3 compiled by Bloomberg showed. Wells Fargo has been the biggest lender to the fossil fuel industry this year, with most of its exposure
Read more at: https://oilprice.com/Latest-Energy-News/World-News/Banks-Continue-To-Fund-Fossil-Fuels-With-Billions-Of-US-Dollars.html |
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Natural Gas Markets To See Very Volatile 2022
Global natural gas prices are set for another year of volatility, following 18 months of swings from record lows to record highs. As natural gas demand started to rebound this summer amid depleted stocks in Asia and Europe following a long and cold winter, prices skyrocketed in the autumn to record highs. This forced gas-intensive industries in Europe, such as steelmaking, fertilizer, and ammonia production, to curtail operations to reduce exposure to record-high input costs. While U.S. natural gas prices at the Henry Hub have plummeted in recent
Read more at: https://oilprice.com/Energy/Natural-Gas/Natural-Gas-Markets-To-See-Very-Volatile-2022.html |
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Germany: Nord Stream 2 Cannot Begin Operations Until Certified
The Russia-led Nord Stream 2 gas pipeline cannot start sending natural gas to Europe until it is certified by German authorities, which have suspended the certification process, according to Germanys Ministry of Economic Affairs and Energy. The certification has not yet been completed. Until this happens, Nord Stream 2 cannot be put into operation, Russias TASS news agency quoted a spokeswoman for the ministry as saying on Monday. In the middle of November, Germany said it hadsuspendedthe process of certification
Read more at: https://oilprice.com/Latest-Energy-News/World-News/Germany-Nord-Stream-2-Cannot-Begin-Operations-Until-Certified.html |
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California Is Addicted To Oil From The Amazon
California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants to double down on wind and solar. It is also importing more oil from the Amazon rainforest than any country in the world. Ecuador accounted for a little over 24 percent of Californias oil imports as of 2020. That equaled 55,219 barrels daily, according to the California Energy Commission. Interestingly, this is a substantial increase from the previous
Read more at: https://oilprice.com/Energy/Crude-Oil/California-Is-Addicted-To-Oil-From-The-Amazon.html |
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Energy Efficiency Needs To Speed Up To Meet Climate Goals
Energy efficiency and ways to reduce emissions from buildings may be the cheapest way to lower carbon footprints and help reach climate goals, but the current pace of investments in energy efficiency is insufficient for a net-zero pathway. Now investors in energy efficiency, including companies and funds, are pushing for government policies targeting more efficient energy use, as they see a lack of action would be a missed opportunity to boost energy efficiency, the Financial Times Harry Dempsey notes. The missed opportunity in energy efficiency
Read more at: https://oilprice.com/Latest-Energy-News/World-News/Energy-Efficiency-Needs-To-Speed-Up-To-Meet-Climate-Goals.html |
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Chris Cuomo says he’s ending his SiriusXM radio show after CNN fired him
Both Andrew Cuomo and CNN host Chris Cuomo have lost their jobs after allegations they committed sexual misconduct against women.
Read more at: https://www.cnbc.com/2021/12/06/chris-cuomo-ends-siriusxm-radio-show-after-cnn-fired-him.html |
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How to protect your house from costly winter weather damage
Winter weather — snow, ice, freezing or flooding — can cause expensive damage to your home, although some of it may be preventable.
Read more at: https://www.cnbc.com/2021/12/06/how-to-protect-your-house-from-costly-winter-weather-damage.html |
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Boeing, travel stocks surge as investors shrug off omicron concerns
Airline shares recovered from a broad sell-off last week after signs of mild omicron cases.
Read more at: https://www.cnbc.com/2021/12/06/boeing-travel-stocks-surge-as-investors-shrug-off-omicron-concerns.html |
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Wildfires produced record-breaking emissions this year from U.S. to Turkey
Blazes also devastated Greece, Italy, Albania, North Macedonia, Spain, Algeria and Tunisia this year, according to the Copernicus Atmosphere Monitoring Service.
Read more at: https://www.cnbc.com/2021/12/06/wildfires-broke-emissions-records-this-year-in-us-turkey.html |
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Hedge-fund pioneer Michael Steinhardt surrenders 180 stolen antiquities valued at $70 million, Manhattan DA Vance says
Hedge-fund pioneer and philanthropist Michael Steinhardt has been banned for life from acquiring antiquities as part of a criminal probe.
Read more at: https://www.cnbc.com/2021/12/06/hedge-fund-pioneer-michael-steinhardt-surrenders-stolen-antiquities-vance-says-.html |
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U.S. announces diplomatic boycott of Beijing Winter Olympics over human rights abuses
The Olympics boycott is due to China’s “ongoing genocide and crimes against humanity in Xinjiang and other human rights abuses,” Jen Psaki said.
Read more at: https://www.cnbc.com/2021/12/06/us-diplomats-will-boycott-beijing-winter-olympics-over-human-rights-abuses-.html |
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Toyota to build $1.29 billion EV battery plant in North Carolina, create 1,750 jobs
Toyota expects the facility to be capable of producing enough lithium-ion batteries for 200,000 vehicles when production begins in 2025.
Read more at: https://www.cnbc.com/2021/12/06/toyota-to-build-1point29-billion-ev-battery-plant-in-north-carolina.html |
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Stocks making the biggest moves midday: American Airlines, Kohl’s, Lucid Group and more
These are the stocks posting the largest moves in midday trading.
Read more at: https://www.cnbc.com/2021/12/06/stocks-making-the-biggest-moves-midday-american-airlines-kohls-lucid-group-and-more.html |
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Baseball’s record-setting free agency spending spree, in charts
A record-setting amount of cash was doled out in the MLB free agency market before the league’s lockout.
Read more at: https://www.cnbc.com/2021/12/06/baseballs-record-setting-free-agency-spending-spree-in-charts.html |
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Ford delays return-to-work hybrid program until March amid omicron variant
Ford on Monday informed employees that it now plans to begin a pilot phase for select employees in February and March.
Read more at: https://www.cnbc.com/2021/12/06/ford-delays-return-to-work-program-until-march-amid-omicron-variant-.html |
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Omicron is prompting new rules for international travel to the U.S. Here’s what you need to know
Starting Monday, inbound travelers to the U.S., including citizens, have to make time and budget for Covid tests closer to their departure date.
Read more at: https://www.cnbc.com/2021/12/06/omicron-travel-here-are-the-new-rules-to-enter-the-us-from-abroad.html |
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Shares of EV start-up Lucid tank on SEC probe
Lucid said it received a subpoena on Friday from the SEC “requesting the production of certain documents related to an investigation.”
Read more at: https://www.cnbc.com/2021/12/06/shares-of-ev-start-up-lucid-tank-on-sec-probe-.html |
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Maria Sharapova takes equity stake in investment platform Public.com
Former tennis star Maria Sharapova has added investment platform Public.com to her portfolio.
Read more at: https://www.cnbc.com/2021/12/06/maria-sharapova-takes-equity-stake-in-investment-platform-publiccom-.html |
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Oregon Moves To Make Indoor Mask Mandate Permanent
Oregon Moves To Make Indoor Mask Mandate PermanentAuthored by Paul Joseph Watson via Summit News,
Oregon is moving to making its indoor mask mandate permanent, meaning the rule will only be able to be repealed in the highly unlikely event of Republicans winning the state.
Authorities are progressing in making compulsory face coverings an indefinite mandate and have taken “the first step in making the rule permanent,” reports KATU.
“The Oregon Health Authority (OHA) convened a Rules Advisory Committee (RAC) on Thursday. The RAC provided feedback on the indoor mask rule. The point of the committee is to suggest what should and shouldn’t be included in the ruling and discuss the impact it will have on the public.”
“Community stakeholders, including those from the hospitality and faith sectors, joined in the meet …
Read more at: https://www.zerohedge.com/political/oregon-moves-make-indoor-mask-mandate-permanent |
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Devin Nunes Leaving Congress To Become Trump Media SPAC CEO
Devin Nunes Leaving Congress To Become Trump Media SPAC CEO10-term congressman Rep. Devin Nunes (R-CA) announced his retirement from Congress at the end of this month to serve as CEO of the Trump Media & Technology Group.
“Recently, I was presented with a new opportunity to fight for the most important issues I believe in. I’m writing to let you know I’ve decided to pursue this opportunity, and therefore I will be leaving the House of Representatives at the end of 2021,” Nunes said in a vaguely worded Monday statement.
“Rest assured, I have not, by any means, given up our collective fight—I’ll just be pursuing it through other means.”
Concurrent with his announcement, the Trump Media & Technology Group (TMTG) announced in a press release that Nunes – currently the top Republican on the House Intelligence Committee – had been selected to join the company as Chief Executive Officer.
“Mr. Nunes is currently a sitting U.S. House Representative, representing Ca …
Read more at: https://www.zerohedge.com/political/devin-nunes-leaving-congress-become-trump-spac-ceo |
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Global Outrage After Myanmar Junta Court Sentences Deposed Leader To 4 Years In Prison
Global Outrage After Myanmar Junta Court Sentences Deposed Leader To 4 Years In PrisonGlobal condemnation of Myanmar’s military junta is pouring in after deposed leader Aung San Suu Kyi received a four-year prison term on Monday, according to state TV. It’s the first verdict among a string of charges following a coup which deposed the southeast Asian country’s elected civilian leadership on Feb.1. 76-year old Suu Kyi and other officials were immediately detained and placed under house arrest, which kicked off mass protests, with Myanmar teetering on the brink of civil war over much of the past year, but military patrols have brutally suppressed any counter-movement to restore civilian government.
Her guilty charge by a military court was based on allegations of “inciting public unrest” – and also bizarrely enough – breaching Covid health protocols, The New York Times reported. The four-year sentence hours after it was handed down was reduced to two years, as Al Jazeera reports: “her sentence was cut in half, as was the sentence of former President Win Myint, convicted alongside her” – citing an “amnesty” issued military authorities.
Read more at: https://www.zerohedge.com/geopolitical/global-outrage-after-myanmar-junta-court-sentences-deposed-leader-4-years-prison |
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Mish: Fauci And Biden Are Medical Hypocrites & A Political Disgrace
Mish: Fauci And Biden Are Medical Hypocrites & A Political DisgraceAuthored by Mike Shedlock via MishTalk.com,
Among the key reasons for mistrust of vaccinations are outright lies and excuses by Biden and his alleged experts coupled with medical and political hypocrisy…
No Tests for Illegal ImmigrantsOn September 20, the White House Defends Not Requiring Negative COVID Tests From Illegal Migrants.
The rationale is an amazing political lie. White House Press Secretary Jen Psaki said the refugees are “not intending to stay here for a lengthy period of time.”
What?!!
Reporters pressed Psaki as to why there are so many steps pertaining to COVID-19 when flying into the country, such as providing vaccination proof or a negative COVID-19 …
Read more at: https://www.zerohedge.com/political/mish-fauci-and-biden-are-medical-hypocrites-political-disgrace |
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Tesco: Pre-Christmas strikes planned by 6,500 depot staff
Trade union Usdaw said 5,000 members at nine warehouses across the country will take industrial action.
Read more at: https://www.bbc.co.uk/news/business-59554590?at_medium=RSS&at_campaign=KARANGA |
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US boss fires 900 employees over Zoom
“Last time I did this I cried,” said the head of the online mortgage lender laying off 15% of his staff.
Read more at: https://www.bbc.co.uk/news/business-59554585?at_medium=RSS&at_campaign=KARANGA |
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Warnings Covid travel test prices are misleading
The government’s website to find travel tests “is not serving its purpose”, an industry trade group says.
Read more at: https://www.bbc.co.uk/news/business-59551497?at_medium=RSS&at_campaign=KARANGA |
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How to smoothen the disinvestment process for a listed PSU
A typical disinvestment of a PSU goes through various steps such as submission of the disinvestment proposal within the government, grant of approval by the government, selection of transaction advisors and other advisors, invitation of expression of interest, shortlisting of eligible bidders, providing data-room access for due diligence purposes, submission of bids and announcement of successful bidder.
Read more at: https://economictimes.indiatimes.com/markets/stocks/news/how-to-smoothen-the-disinvestment-process-for-a-listed-psu/articleshow/88129546.cms |
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Market Movers: What’s driving the carnage in Nykaa, Zomato shares?
In the coming days, Nykaa’s anchor investors will be allowed to sell their shares. Those who bought the stock at the issue price of Rs 1,125 are sitting on handsome gains of close to 100 per cent despite the current sell-off.
Read more at: https://economictimes.indiatimes.com/markets/stocks/news/market-movers-whats-driving-the-carnage-in-nykaa-zomato-shares/articleshow/88124896.cms |
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After a 60x rally in 3 years, this multibagger token halves. Should you buy now?
The token, which was released in December 2018 and traded at $0.0153 then, hit an all-time high of $0.9491 by the end of November 2021. However, it was trading at $0.5433 on December 6, 2.00 PM IST.
Read more at: https://economictimes.indiatimes.com/markets/cryptocurrency/after-a-60x-rally-in-3-years-this-multibagger-token-halves-should-you-buy-now/articleshow/88122517.cms |
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The Margin: Even the Google Doodle is taking advantage of the pandemic-fueled pizza boom
Pizza sales soared during the pandemic — and experts say the trend is likely to continue
Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-77CB-4C85D114BE59%7D&siteid=rss&rss=1 |
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: U.S. plans diplomatic boycott of Olympics over ‘egregious human rights abuses’
A diplomatic boycott means the U.S. won’t send any official representatives to China to watch the Winter Games, but American athletes can still compete
Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-77CB-4D6B61C374BE%7D&siteid=rss&rss=1 |
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: As Vanguard pushes into private equity, some fans get queasy
Critics say it won’t help retail investors; Vanguard says Jack Bogle would approve.
Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-77CB-21C8F1EE909C%7D&siteid=rss&rss=1 |
