14Dec2021 Market Close: Wall Street Begins What Some Analysts Are Calling A Bear Market

Mexico May Give Pemex Yet Another Tax Break

Mexico could further ease the fiscal burden on its state oil firm Pemex, the world’s most indebted oil company, as the government looks to stop years of production declines. “With Pemex, for example, we are constantly or periodically lowering taxes so they have more funds,” Mexican President Andrs Manuel Lpez Obrador said at his regular briefing on Monday, as carried by Bloomberg. “And we can lower them more,” Lpez Obrador added. Since leftist populist president Lpez Obrador took office at the end of 2018, the government

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Mexico-May-Give-Pemex-Yet-Another-Tax-Break.html

Is Fracking Really Putting Americas Water Supply At Risk?

The shale oil boom that began about 15 years ago enabled the fastest growth of oil and natural gas production in U.S. history. Prior to the onset of the Covid-19 pandemic, the shale boom even enabled the U.S. to briefly achieve energy independence something that was unthinkable 20 years ago. The shale boom was enabled by the marriage of two technologies: Horizontal drilling and hydraulic fracturing. The combination is typically referred to as simply fracking. However, environmentalists have long contended that fracking threatens

Read more at: https://oilprice.com/Energy/Crude-Oil/Is-Fracking-Really-Putting-Americas-Water-Supply-At-Risk.html

The U.S. Faces Solar Coaster Amid Challenges And Opportunities

The U.S. solar industry is set to be torn between huge opportunities and major stumbling blocks in the coming months and years, and it will likely see a wild solar coaster ride in the next few years, Wood Mackenzie said on Tuesday. Supply chain setbacks and constraints could delay many projects and put gigawatts of capacity additions at risk, Michelle Davis, Principal Analyst, Solar, at WoodMac, says. But on the other hand, if Congress passes President Joe Bidens Build Back Better Act, the U.S. solar industry will receive

Read more at: https://oilprice.com/Latest-Energy-News/World-News/The-US-Faces-Solar-Coaster-Amid-Challenges-And-Opportunities.html

UK Company Looks To Build Europes Largest Battery

Sembcorp Energy UK (SEUK) has announced plans to build Europes largest battery in Teeside to boost its portfolio and strengthen the UKs renewable infrastructure as the country pushes to reach net-zero carbon emissions by 2050. The group intends to construct the battery as part of a 360MW energy storage system at its Wilton International site. Battery units can supply power and other services to the national grid in a matter of milliseconds, with rapid response time crucial to maintaining a secure and stable energy system that will

Read more at: https://oilprice.com/Latest-Energy-News/World-News/UK-Company-Looks-To-Build-Europes-Largest-Battery.html

Europe Plans To Ditch Long-Term Natural Gas Deals

The European Union plans to quit long-term gas supply contracts before 2049. At the same time, it plans to enhance the security of its gas supply, Bloomberg reports, citing a draft document prepared by the unions executive arm. The EU has been struggling with insufficient gas supply for four months now, and the situation is not about to change as Russia, its biggest supplier, continues to only supply what it had committed to supply precisely under long-term contracts. This has earned it accusations of using gas as a political weapon and

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Europe-Plans-To-Ditch-Long-Term-Natural-Gas-Deals.html

Norways $1.4 Trillion Oil Fund Is Divesting Fast

The world’s largest sovereign wealth fund, Norway’s $1.4 trillion Government Pension Fund Global (GPFG), is pre-screening companies for sustainability risk before deciding to invest in them and, within one decade, it has divested from 366 firms that it has assessed as lacking sustainable business models. This year alone, the fund has assessed sustainability risk across more than 400 companies that were added to the fund’s index, and chose to refrain from investing in nine companies that it believes will increase the fund’s financial risk in the

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Norways-14-Trillion-Oil-Fund-Is-Divesting-Fast.html

‘Spider-Man: No Way Home’ set to dominate domestic box office, nab highest opening of the pandemic

“Spider-Man: No Way Home” is expected to top $100 million over its three-day debut, with co-producer Sony projecting the film will tally closer to $130 million.

Read more at: https://www.cnbc.com/2021/12/14/spider-man-no-way-home-heads-for-highest-pandemic-box-office-opening.html

United Airlines expects year-end travel to top Thanksgiving despite omicron variant

United says it expects Christmas and New Year’s travel to reach 87% of 2019 levels.

Read more at: https://www.cnbc.com/2021/12/14/united-airlines-expects-year-end-travel-to-top-thanksgiving-despite-omicron-variant.html

Peloton CEO John Foley touts product pipeline, company refutes report that it’s halting development

“We’ve never been more excited about our product pipeline and look forward to what’s to come in 2022,” said Peloton CEO John Foley, on Twitter.

Read more at: https://www.cnbc.com/2021/12/14/peloton-ceo-john-foley-touts-product-pipeline-amid-report-its-halting-development.html

Stocks making the biggest moves midday: Beyond Meat, AMC, Tesla and more

These are the stocks posting the largest moves in midday trading.

Read more at: https://www.cnbc.com/2021/12/14/stocks-making-the-biggest-moves-midday-beyond-meat-amc-tesla-and-more.html

Omicron now makes up almost 3% of U.S. Covid cases, according to the CDC

A week prior, the variant represented less than 1% of samples analyzed by the CDC.

Read more at: https://www.cnbc.com/2021/12/14/omicron-now-makes-up-almost-3percent-of-us-covid-cases-according-to-the-cdc.html

American Airlines plans to hire 18,000 people next year for travel rebound

American Airlines CEO says the carrier hired 16,000 so far this year.

Read more at: https://www.cnbc.com/2021/12/14/american-airlines-plans-to-hire-18000-people-next-year-for-travel-rebound.html

Omicron is spreading faster than any other Covid variant, WHO warns

“The reality is that omicron is probably in most countries, even if it hasn’t been detected yet,” Tedros said.

Read more at: https://www.cnbc.com/2021/12/14/who-says-omicron-is-spreading-at-a-rate-not-seen-with-any-other-covid-variant.html

NFL will require coaches, staff to get a Covid booster by Dec. 27

The mandate covers coaches, trainers, physicians and others with direct contact with players, as well as staff including certain assistant coaches, general managers and operations employees.

Read more at: https://www.cnbc.com/2021/12/14/nfl-will-require-coaches-staff-to-get-a-covid-booster-by-dec-27.html

Boeing’s 2021 deliveries are on track to more than double from last year, Dreamliners still on hold

Boeing’s 2021 deliveries have more than doubled from last year, but are still short of 2019 levels.

Read more at: https://www.cnbc.com/2021/12/14/boeings-2021-deliveries-are-on-track-to-more-than-double-from-last-year-dreamliners-still-on-hold.html

More than 100 still missing after Kentucky tornadoes; death toll stands at 74, Gov. Beshear said

At least 74 people were confirmed dead in the state, Kentucky Gov. Andy Beshear said Tuesday, and that number will likely continue rising.

Read more at: https://www.cnbc.com/2021/12/14/kentucky-tornado-death-toll-expected-to-rise-gov-andy-beshear-says.html

Elon Musk’s stock sales could total $18 billion by the end of year

Musk is making two kinds of stock sales — one to pay taxes on his compensation package and the other for straight cash-outs, or “to-pocket” sales.

Read more at: https://www.cnbc.com/2021/12/14/elon-musks-stock-sales-could-total-18-billion-by-the-end-of-year-.html

UPS vaccine logistics chief fears more Covid shots ‘returned or destroyed’ due to challenges

“There will be potentially more vaccines that have to be returned or destroyed” during second year of distribution, the president of UPS Healthcare told CNBC.

Read more at: https://www.cnbc.com/2021/12/14/us-covid-shot-distribution-faces-new-challenges-in-year-two-ups-vaccine-logistics-head-says.html

United Airlines plans to purchase up to 100 hydrogen-electric engines

Discussions around aviation are increasingly focused on how new tech could cut its environmental footprint.

Read more at: https://www.cnbc.com/2021/12/14/investment-from-united-to-purchase-hydrogen-electric-engines-.html

It’s Like “The Purge”: Murder Records Are Being Shattered All Over America, And Next Year Could Be Even Worse

It’s Like “The Purge”: Murder Records Are Being Shattered All Over America, And Next Year Could Be Even WorseAuthored by Michael Snyder via The Economic Collapse blog,

It is often said that life imitates art, and these days that is particularly true on the mean streets of our major cities.  Violent criminals just keep getting more brazen, and murder rates are soaring all over the nation.  As you will see below, one official in Los Angeles is actually comparing what is now happening to a horror movie that came out a number of years ago called “The Purge”.

But in that movie, violent criminals only had one night each year to run wild.  Unfortunately, in America today they are running wild every single night.

Perhaps some of you think that I am exaggerating, and so let’s look at some hard numbers.

At this point, there are

Read more at: https://www.zerohedge.com/political/its-purge-murder-records-are-being-shattered-all-over-america-and-next-year-could-be-even

Stocks, Bond, & Commodities Crumble As Dollar Rips Ahead Of Fed

Stocks, Bond, & Commodities Crumble As Dollar Rips Ahead Of FedMore ominous Omicron headlines from Europe hit futures overnight and then a hotter than expected PPI legged futs down again. The cash open ignited the usual momo ramp but it failed fast and stocks slipped into the European close… gently drifting higher after that. Nasdaq was the laggard and The Dow the least bad horse in the glue factory (desperately trying to get green before everything tumbled into the close like yestereday)…

So no pre-emptive ramp into the Fed meeting as no one did anything to tamp down the hawkish shift in rate-hike trajectories since the last meeting…

Read more at: https://www.zerohedge.com/markets/stocks-bond-commodities-crumble-dollar-rips-ahead-fed

New York Ethics Panel Orders Cuomo To Forfeit $5.1 Million In Book Profits

New York Ethics Panel Orders Cuomo To Forfeit $5.1 Million In Book ProfitsNY Gov. Andrew Cuomo has kept a low profile these past few months since finally being forced from the Governor’s mansion in Albany. But hopefully he has been using at least some of this time to look for a new job, because the State of New York – Cuomo’s former employer – is about to ask for a hefty chunk of change.

According to the New York Post, the state’s ethics watchdog – the Joint Commission on Public Ethics – voted a 12 to 1 to demand that Cuomo pay to the state the $5.1 million advance he received from his publisher for Cuomo’s pandemic memoir entitled “American Crisis: Leadership Lessons from the COVID-19 Pandemic”.

The panel had previously voted to allow the then-governor to earn money outside of his government work, but one month ago, they voted to rescind this approval, potentially opening the former governor up to restitution payments.

The former governor also got into hot water with AG Letitia James and his fellow …

Read more at: https://www.zerohedge.com/political/new-york-ethics-panel-orders-cuomo-forfeit-51-million-book-profits

‘Bigger Than COVID Or Pronouns’ – Tucker Carlson & Peter Schiff Discuss Worst Inflation In US History

‘Bigger Than COVID Or Pronouns’ – Tucker Carlson & Peter Schiff Discuss Worst Inflation In US HistoryVia SchiffGold.com,

In November, the official government CPI rose by the highest annual amount since 1982. But for the most part, the mainstream media continues to sugar-coat inflation. Tucker Carlson is an exception. He’s one mainstream media figure who seems to grasp the full extent of the problem. He recently interviewed Peter Schiff on the rising cost of living.

Carlson opened up the interview pointing out that it’s very obvious the inflation rate is not 7%. It’s much higher than that and it costs more than 7% more to live in the US than it did last year. Why is this not front-page news everywhere?

Peter said it’s because the government, Wall St …

Read more at: https://www.zerohedge.com/markets/bigger-covid-or-pronouns-tucker-carlson-peter-schiff-discuss-worst-inflation-us-history

Covid: ‘I’ve had 3,200 bookings cancelled at my pubs’

One chain has cancellations for 3,200 people, as Covid curbs hit pub and restaurant Christmas bookings.

Read more at: https://www.bbc.co.uk/news/business-59649233?at_medium=RSS&at_campaign=KARANGA

UK removes all 11 countries from red list

The UK has taken all 11 African countries off England’s red list, easing travel restrictions.

Read more at: https://www.bbc.co.uk/news/business-59653236?at_medium=RSS&at_campaign=KARANGA

Surge in part-time workers as job vacancies rise

The unemployment picture continues to improve, but there are doubts about the impact of Omicron.

Read more at: https://www.bbc.co.uk/news/business-59648583?at_medium=RSS&at_campaign=KARANGA

Crypto market or kangaroo market: Should you buy the current dips?

According to Coinmarketcap, the impact of the recent fall has dragged down the market capitalisation of virtual tokens by about 35 per cent.

Read more at: https://economictimes.indiatimes.com/markets/cryptocurrency/crypto-market-or-kangaroo-market-heres-why-you-should-not-buy-current-dips/articleshow/88278718.cms

Tesla to accept Dogecoin for merch, sparks rally in token

A tweet from the Tesla boss skyrocketed the price of Dogecoin. The largest meme token zoomed 22 per cent in a jiffy to $0.195 from $0.156. However, it pared some gains after a few minutes of the tweet.

Read more at: https://economictimes.indiatimes.com/markets/cryptocurrency/tesla-to-accept-dogecoin-for-merch-sparks-rally-in-token/articleshow/88278713.cms

Telecom tariff hikes, consumer product price hikes key upside risks to inflation: Analysts

Markets may be relieved with the inflation outturn in November, but going by views emanating from some economists, there may not be much to cheer about in the coming months.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/telecom-tariff-hikes-consumer-product-price-hikes-key-upside-risks-to-inflation-analysts/articleshow/88276591.cms

Crypto: The crypto market is uneasy about the Fed meeting and high inflation. Here’s why

Crypto investors are closely watching this week’s Federal Reserve meeting, with the market expecting the central bank to announce a faster reduction in its pace of bond buying as U.S. inflation rises.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-77EC-B4BFC7ACC1A7%7D&siteid=rss&rss=1

: Wall Street could crumble under the weight of a ‘carbon bubble,’ these groups warn

If Wall Street were a country, it would be the fifth-largest emitter of atmosphere-warming carbon emissions, between Russia and Indonesia, a new report says.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-77EA-DFAF76DA9B26%7D&siteid=rss&rss=1

Bond Report: 2- and 10-year Treasury yields see biggest gains in about a week as Fed meets and data highlight hot inflation

Yields edge higher Tuesday as Federal Reserve policy makers meet in Washington and the latest producer price reading shows inflation getting worse.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-77E9-DA462BA1B666%7D&siteid=rss&rss=1