14Mar2022 Market Close & Major Financial Headlines: Wall Street Closes Down, DOW Up 1 Tiny Point, But Headed Down After Opening, NASDAQ Down 2.0%, S&P 500 Down 0.7%, WTI Crude Slips To $101, Gold Trading At 1953

Major U.S. Oil Firms Set To Put Climate Resolutions To Shareholder Votes

Some of the largest U.S. oil companiesincluding ExxonMobil, Chevron, ConocoPhillips, and Phillipsare expected to put to shareholder votes climate resolutions to meet targets for emissions reductions aligned with the Paris Agreement, climate activist group Follow This has told Reuters. The management of those four companies have not blocked Follow Thiss petition to put to the vote of the shareholders these emissions reduction goals at the annual shareholders meetings in the spring. We were positively surprised,

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Major-US-Oil-Firms-Set-To-Put-Climate-Resolutions-To-Shareholder-Votes.html

Speculators Massively Cut Their Bullish Bets On Oil

Portfolio managers cut their bullish bets on Brent Crude by the most in years in the week to March 8, according to data from futures exchanges compiled by Bloomberg. After Russia invaded Ukraine at the end of February, oil prices spiked to above $100 per barrel for the first time since 2014, and ran to almost $140 per barrel on Monday, March 7the highest price since 2008, after the United States said it was in very active discussions with European allies to ban imports of Russian oil. Prices slumped later in the day after Europe

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Speculators-Massively-Cut-Their-Bullish-Bets-On-Oil.html

Russia Looks To Charm India With Cheap Oil Supplies

Shunned by the West, Russia is looking to the East for partners in its oil and gas sector and for willing buyers of its crude. The closest partner east of Moscow is China, the worlds top oil importer, which is reportedly already taking advantage of the exodus of western companies from oil, gas, and metals projects in Russia. Now Russia is setting its sights on forging closer energy ties with another major economy, India. India, the third-largest oil importer in the world, has abstained in several United Nations votes condemning Russias

Read more at: https://oilprice.com/Energy/Energy-General/Russia-Looks-To-Charm-India-With-Cheap-Oil-Supplies.html

Tajikistans Economy Is Feeling The Sting Of Russias Ruble Collapse

Taxi drivers in Tajikistan complain to their passengers, never to the government. And with the price of fuel on the rise, they have a lot to grumble about. A liter of AI-92 grade gas, the one used by most Tajik motorists, has in the space of a week gone up from 10.60 somoni to 12.30 somoni. The somoni is trading at 13 to the dollar, up from 11.3 last week. There is no profit to be had from driving a taxi right now. I am going to work, but only so I dont have to stay at home and stew in my thoughts, one driver,

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Tajikistans-Economy-Is-Feeling-The-Sting-Of-Russias-Ruble-Collapse.html

Renewable Energy Projects Are Facing Resistance Around The World

Governments around the world are pushing for the rapid development of renewable energy projects in an attempt to move away from fossil fuels. But as Europe and the U.S. speed ahead with new solar and wind projects, the criticism these projects are facing is ramping up as well. Whether or not energy firms can develop the largescale projects necessary for an energy transition in the face of such opposition remains to be seen. During COP26, many governments made bold promises to introduce radical climate targets and invest heavily in the renewable

Read more at: https://oilprice.com/Alternative-Energy/Renewable-Energy/Renewable-Energy-Projects-Are-Facing-Resistance-Around-The-World.html

Russia Is Offering India Crude Oil And Commodities At A Steep Discount

India is considering a Russian offer to buy crude oil and other commodities at discounted prices through a rupee-ruble transaction. So far, India has not condemned Russias invasion of Ukraine, nor has it joined in with the West’s tough sanctions imposed on the country. An Indian government official told Reuters: Russia is offering oil and other commodities at a heavy discount. We will be happy to take that. We have some issues like tanker insurance cover and oil blends to be resolved. Once we have that we will take the discount offer.

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Russia-Is-Offering-India-Crude-Oil-And-Commodities-At-A-Steep-Discount.html

Vaccine maker stocks rise as China battles worst Covid outbreak since 2020

Shares of Moderna, BioNTech, Pfizer, Johnson & Johnson and Novavax rose on Monday as China battles its worst Covid outbreak in two years.

Read more at: https://www.cnbc.com/2022/03/14/vaccine-maker-stocks-rise-as-china-battles-worst-covid-outbreak-since-2020.html

Nikola wants to increase shares by 200 million as it ramps up electric truck production

Nikola said the increase – from 600 million to 800 million shares – is in the “best interests” of the Company and its shareholders.

Read more at: https://www.cnbc.com/2022/03/14/nikola-wants-to-increase-shares-by-200-million.html

Dr. Gottlieb says China is ‘very vulnerable’ to omicron subvariant spread despite ‘zero-Covid policy’

“China has a population that’s very vulnerable to this new variant,” the former FDA commissioner said Monday.

Read more at: https://www.cnbc.com/2022/03/14/dr-gottlieb-china-very-vulnerable-to-omicron-spread-despite-zero-covid-policy.html

Electric Last Mile shares plummet to $1 after company confirms SEC probe

The investigation is the latest problem for the Michigan-based company following unexpected resignations last month of both the company’s chairperson and CEO.

Read more at: https://www.cnbc.com/2022/03/14/electric-last-mile-shares-plummet-to-1-after-company-confirms-sec-probe.html

Stocks making the biggest moves midday: Alibaba, Apple, Robinhood and more

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

Read more at: https://www.cnbc.com/2022/03/14/stocks-making-the-biggest-moves-midday-alibaba-apple-and-more.html

Bipartisan group of lawmakers pushes IRS for answers on ‘numerous problems’ facing taxpayers

A group of bipartisan lawmakers is pressing the IRS for answers regarding “numerous” concerns amid a challenging tax season.

Read more at: https://www.cnbc.com/2022/03/14/bipartisan-lawmakers-push-for-irs-answers-on-problems-facing-taxpayers.html

Netflix stock has now lost all its gains from the pandemic

Netflix’s stock has now given up all its pandemic gains. Shares were down more than 50% since their mid-November high.

Read more at: https://www.cnbc.com/2022/03/14/netflix-shares-hit-lowest-point-since-march-2020-when-covid-pandemic-started.html

Ford and Volkswagen expand EV partnership to a second electric model for the European market

Ford said it now expects to produce 1.2 million electric vehicles using Volkswagen’s platform over six years, starting in 2023.

Read more at: https://www.cnbc.com/2022/03/14/ford-volkswagen-electric-vehicle-partnership-expanded-in-europe.html

U.S. oil tumbles more than 8%, dips below $100 per barrel

Oil prices are under pressure amid talks between Russia and Ukraine and a Covid outbreak in China that could reduce demand.

Read more at: https://www.cnbc.com/2022/03/14/us-oil-tumbles-more-than-8percent-dips-below-100-per-barrel.html

U.S.-traded shares of Nio and other Chinese EV makers are down sharply on delisting fears

U.S.-listed Chinese stocks are selling off on regulatory fears; Nio, XPeng, and Li Auto were caught in the downdraft.

Read more at: https://www.cnbc.com/2022/03/14/nio-xpev-li-trading-down-on-delisting-fears.html

Two years into the coronavirus pandemic, Fauci hopes the world will not forget lessons from a ‘catastrophic experience’

Two years after the World Health Organization declared the coronavirus a pandemic, public health experts warn not to become complacent.

Read more at: https://www.cnbc.com/2022/03/14/fauci-warns-not-to-forget-pandemics-catastrophic-experience.html

Squatters occupy London mansion thought to belong to sanctioned Russian oligarch

Squatters have occupied a London mansion thought to belong to one of the Russian oligarchs sanctioned by the British government.

Read more at: https://www.cnbc.com/2022/03/14/deripaska-squatters-occupy-london-mansion-thought-to-belong-to-russia-oligarch.html

Pete Davidson will go to space on Blue Origin’s 4th human flight

The “Saturday Night Live” star will be one of six passengers headed to the edge of outer space March 23 on a ship launched by Jeff Bezos’ Blue Origin.

Read more at: https://www.cnbc.com/2022/03/14/pete-davidson-will-go-to-space-on-blue-origins-4th-human-flight.html

Jussie Smollett Moved To Psych Ward Inside Cook County Jail

Jussie Smollett Moved To Psych Ward Inside Cook County JailDespite his insistence that he is “not suicidal”, former “Empire” Actor Jussie Smollett has been placed in the prison psych ward at the Cook County Jail, according to his brother. Smollett was jailed after being convicted for staging a hate crime hoax that briefly stoked a national backlash against supporters of then-President Donald Trump.

According to Smollett’s brother, the authorities running the jail are taking “no chances” with Smollett’s safety following his courthouse rant, where he also insisted on his innocence (despite the overwhelming evidence against him).

Here’s what Smollett’s brother had to say.

“Jussie is currently in a psych ward at the Cook County Jail…what’s very concerning is that there was a note attached to his paperwork today and put on the front of his jail cell saying that he’s at risk of self-harm.”

“I want to just make it clear to folks that he is in no way, shape, or form at risk of self-harm. And he wants to let folks know that he is very stable, he is very strong, he is very healthy, a …

Read more at: https://www.zerohedge.com/political/jussie-smollett-moved-psych-ward-inside-cook-county-jail

Raskin Fed Nomination Doomed After Manchin Opposition

Raskin Fed Nomination Doomed After Manchin OppositionModerate Democratic Senator Joe Manchin of West Virginia continues to upset the applecart – this time coming out against President Joe Biden’s Fed nominee, Sarah Raskin.

“I have carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements,” wrote Manchin in a Monday statement. “Her previous public statements have failed to satisfactorily address my concerns about the critical importance of financing an all-of-the-above energy policy to meet our nation’s critical energy needs,” he added.

Read more at: https://www.zerohedge.com/economics/manchin-deals-major-blow-biden-opposes-fed-nominee-sarah-raskin

Zelensky Thanks Zuckerberg For Helping Him Win The Propaganda War

Zelensky Thanks Zuckerberg For Helping Him Win The Propaganda WarAuthored by Paul Joseph Watson via Summit News,

Ukrainian President Volodymyr Zelensky thanked Facebook for its role in helping him win the propaganda war after the platform announced it would permit calls for violence against Russians.

Following its move to allow praise for the pro-Ukraine neo-nazi Azov Battalion last week, Facebook said they would permit ‘calls for violence against Russians’.

“As a result of the Russian invasion of Ukraine we have temporarily made allowances for forms of political expression that would normally violate our rules like violent speech such as ‘death to the Russian invaders.’ We still won’t allow credible calls for violence against Russian civilians,” a Meta spokesperson said in a statement.

Moscow responded by banning both Facebook and Instagram in Russia.

Read more at: https://www.zerohedge.com/technology/zelensky-thanks-zuckerberg-helping-him-win-propaganda-war

Carnage: China Breaks, Apple Cracks Key Support, Yields Soar As Rate Hike Odds Surge

Carnage: China Breaks, Apple Cracks Key Support, Yields Soar As Rate Hike Odds SurgeThe week started off badly enough with nothing short of epic devastation in China, as stocks listed in Hong Kong had their worst day since the global financial crisis amid concerns over Beijing’s close relationship with Russia, a surge in covid cases leading to a lockdown in Shenzhen, and renewed regulatory risks all of which sparked panic selling.

The Hang Seng index dropped more than 4%, sliding below 20,000 to the lowest level since 2015…

… as the Hang Seng China Enterprises Index closed down 7.2% on Monday, the biggest drop since November 2008.

Read more at: https://www.zerohedge.com/markets/carnage-china-breaks-apple-cracks-key-support-yields-soar-rate-hike-odds-surge

All UK travel rules to end on Friday, says government

The transport secretary has confirmed that all remaining travel measures for UK arrivals will be scrapped.

Read more at: https://www.bbc.co.uk/news/business-60741158?at_medium=RSS&at_campaign=KARANGA

Roman Abramovich: New evidence highlights corrupt deals

BBC Panorama uncovers new evidence on the corrupt deals that helped Chelsea’s owner make his fortune.

Read more at: https://www.bbc.co.uk/news/world-europe-60736185?at_medium=RSS&at_campaign=KARANGA

Putin changes law on leased jets to keep them flying

The Russian president signs new law allowing foreign-leased jets to keep flying in Russia.

Read more at: https://www.bbc.co.uk/news/business-60741161?at_medium=RSS&at_campaign=KARANGA

Metaverse tokens crash 90% from recent highs. Can they stage a turnaround?

Major metaverse tokens such as Decentraland (MANA), The Sandbox (SAND), Enjin Coin (ENJ) and Stacks (STX) have tumbled between 55 and 75 per cent from their recent peaks of one year.

Read more at: https://economictimes.indiatimes.com/markets/cryptocurrency/metaverse-tokens-crash-90-from-recent-highs-can-they-stage-a-turnaround/articleshow/90203665.cms

Till Nifty stays below 200-DMA, profits need to be vigilantly protected

The F&O data continues to show some more room on the upside. However, if we use weekly options data to see how much there is actually room for the Index to move higher, it appears that the upsides may be limited to 17,000 levels.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/trade-setup-till-nifty-stays-below-200-dma-profits-need-to-be-vigilantly-protected/articleshow/90207059.cms

Does market take no cognizance of HUL, Nestle’s price hikes?

Hindustan Unilever and Nestlé India command a dominant market share in their respective domain displayed their pricing power and finally hiked prices of some products by up to 8 per cent.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/market-movers-does-market-take-no-cognizance-of-hul-nestls-price-hikes/articleshow/90207009.cms

The Ratings Game: Apple can withstand production disruptions in China, analysts say

Apple Inc. manufacturer Foxconn Technology Co. is pausing its Shenzhen, China, operations given COVID-19 protocols in the city, but analysts aren’t yet sweating possible effects on Apple.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7A9B-2A2E8CAFAF17%7D&siteid=rss&rss=1

: Coupa Software stock drops more than 25% as annual outlook disappoints

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7AA0-42A08DE82433%7D&siteid=rss&rss=1

Outside the Box: I was a teacher in Ukraine, and I am scared for my students and worried about their survival

A young American reflects on his time working for the Peace Corps.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-7A91-976C0E70C93A%7D&siteid=rss&rss=1