31 October 2022 Market Close & Major Financial Headlines: Wall Street Closed Down Marginally As Investors Await Fed Meeting

Biogas And Biomethane Could Bolster The Green Circular Economy

Countries around the world are turning to biogas and biomethane to enhance their energy and food security and jump-start their circular economies. Biogas is produced by breaking down organic waste agricultural, food, municipal or animal, including manure and sewage through a process known as anaerobic digestion, while biomethane removes greenhouse gases via carbon capture. Digestate, the other by-product of anaerobic digestion, can also be used as fertilizer. In mid-October Titan, a Netherlands-based independent supplier

Read more at: https://oilprice.com/Alternative-Energy/Renewable-Energy/Biogas-And-Biomethane-Could-Bolster-The-Green-Circular-Economy.html

Prices At The Pump Fall For the Third Straight Week

National averages for a gallon of gasoline at the pumps in the United States have now fallen for the third straight week, shedding a total of 4.7 cents compared to a week ago, with the average price per gallon now sitting at $3.72, according to GasBuddy data. AAA puts the national average price per gallon slightly higher on Monday at $3.76, compared to $3.79 a week ago. Based on GasBuddy data, the national average is now down 3 cents from a month ago, but over 34 cents higher per gallon than a year ago. For diesel, we’ve

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Prices-At-The-Pump-Fall-For-Third-Straight-Week.html

Indonesia Looking To Shake Up The Tin Market

Via AG Metal Miner The Indonesian government has plans to shake up the tin market over the next few months. One analyst told MetalMiner that the Southeast Asian country aims to expand downstreaming opportunities for refined tin rather than continue exporting the majority of its supply. According to the analyst, the government wants to attract end-users, such as solder producers and electric vehicle manufacturers, with incentives that include tax breaks and holidays. They want to become a hub of EV manufacturing, the source said. They

Read more at: https://oilprice.com/Metals/Commodities/Indonesia-Looking-To-Shake-Up-The-Tin-Market.html

East Coast Diesel Prices Are Soaring

East Coast retail diesel prices are soaring relative to the rest of the country, propelled by inventories in the region that are almost half of what they normally should be at this time of year Retail prices recorded in the DTS data series in SONAR tell the story of how much diesel has surged. On Sept. 16, retail diesel in Allentown, Pennsylvania, a major logistics center, was $5.116 a gallon, while the Houston price was $4.513 a gallon, a spread of just over 60 cents. On Oct. 15, Allentown was $5.663 a gallon while Houston was $4.70, a 96.3 cent

Read more at: https://oilprice.com/Latest-Energy-News/World-News/East-Coast-Diesel-Prices-Are-Soaring.html

America Desperately Needs To Invest In Protecting Its Energy Infrastructure

Governments and energy companies worldwide must consider the level of preparedness of their national energy infrastructure in the face of climate change and more frequent severe weather events, to prevent greater damage in high-risk areas. The impact of natural disasters on energy infrastructure has been well documented, with experts having highlighted the long-term risks of ill-prepared systems for several years. In a 2017 study of the power grid following 16 earthquakes, 15 space weather events, and 20 floods by the European Commission, the need

Read more at: https://oilprice.com/Energy/Energy-General/America-Desperately-Needs-To-Invest-In-Protecting-Its-Energy-Infrastructure.html

Purely Outrageous: Biden Blasts Russia’s Withdrawal From Grain Export Deal

Russia resumed its military blockade of Ukrainian ports on October 30, halting the supply of grain supplies largely headed to low-income nations and reigniting fears of a spiral in global food prices. The United States immediately criticized Russia’s actions, accusing it of “weaponizing food” to gain leverage in its failing invasion of Ukraine. Russia announced a day earlier it would suspend its participation in a UN-brokered deal that allowed Ukraine, one of the world’s breadbaskets, to export grain after accusing Kyiv of staging a drone attack

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Purely-Outrageous-Biden-Blasts-Russias-Withdrawal-From-Grain-Export-Deal.html

Homebuilders say they’re on the edge of a steeper downturn as buyers pull back

Homebuilders say 2023 is going to bring an even sharper downturn in the market, as high-interest rates scare away buyers.

Read more at: https://www.cnbc.com/2022/10/31/homebuilders-say-steeper-downturn-is-coming-as-buyers-pull-back.html

Self-driving truck startup TuSimple fires its CEO over improper ties to a Chinese firm

TuSimple fired its CEO after its board found improper dealings with a Chinese startup.

Read more at: https://www.cnbc.com/2022/10/31/tusimple-tsp-ceo-leaves-amid-investigation-into-dealings-with-hydron.html

Terran Orbital stock jumps after spacecraft builder raises $100 million from Lockheed Martin

Shares of spacecraft manufacturer Terran Orbital rose Monday after the company added $100 million via an investment from existing shareholder Lockheed Martin.

Read more at: https://www.cnbc.com/2022/10/31/terran-orbital-stock-rises-after-lockheed-martin-invests-100-million.html

GM temporarily suspends advertising on Twitter following Elon Musk takeover

General Motors is suspending advertising on Twitter following Elon Musk’s takeover of the social media platform.

Read more at: https://www.cnbc.com/2022/10/28/gm-temporarily-suspends-advertising-on-twitter-following-elon-musk-takeover.html

Brooklyn Nets condemn Kyrie Irving for promotion of antisemitic film

After Brooklyn Nets guard Kyrie Irving promoted an antisemitic film and book on social media Thursday, his team and team-owner owner Joe Tsai issued statements Friday condemning his actions.

Read more at: https://www.cnbc.com/2022/10/29/brooklyn-nets-condemn-kyrie-irving-for-promotion-of-antisemitic-film.html

Audiences are still discovering John Carpenter’s cult classic ‘Prince of Darkness’ 35 years later

“Halloween” creator John Carpenter has directed many cult favorites. One of them, “Prince of Darkness,” turned 35 this month.

Read more at: https://www.cnbc.com/2022/10/29/john-carpenter-cult-classic-prince-of-darkness-turns-35.html

Long Covid is affecting women more than men, national survey finds

More than 17% of women reported experiencing long Covid at some point during the pandemic compared to 10% of men, according to Census Bureau data.

Read more at: https://www.cnbc.com/2022/10/31/long-covid-is-affecting-women-more-than-men-federal-survey-finds.html

Here’s what the inverted yield curve means for your portfolio

When shorter-term government bonds have higher yields than long-term, known as yield curve inversions, it’s one signal of a future recession.

Read more at: https://www.cnbc.com/2022/10/31/what-an-inverted-yield-curve-means-for-the-economy.html

Tom Brady and Gisele Bundchen announce divorce after 13 years of marriage

NFL superstar Tom Brady and supermodel Gisele Bundchen said they will divorce after 13 years of marriage.

Read more at: https://www.cnbc.com/2022/10/28/tom-brady-and-gisele-bundchen-announce-divorce-after-13-years-of-marriage.html

Chrysler and Jeep parent Stellantis offering buyouts to some U.S. salaried employees

To be eligible, employees must be at least 55 years old and have been with the company for 10 years or have 30 years of service and have a pension.

Read more at: https://www.cnbc.com/2022/10/28/chrysler-owner-stellantis-offers-buyouts-to-some-us-employees.html

Oil is all that Putin has left, U.S. presidential advisor Amos Hochstein says

“Oil is the only thing they have left in that economy … Putin has destroyed the rest of the economy,” Amos Hochstein told CNBC.

Read more at: https://www.cnbc.com/2022/10/31/oil-is-all-that-putin-has-left-presidential-advisor-amos-hochstein-says.html

Want to book a flight but pay for it next year? Here’s how it works

More airlines are letting flyers book flights and pay for them over time, even after the flight has ended. Here’s how “buy now, pay later” works for airfares.

Read more at: https://www.cnbc.com/2022/10/31/want-to-book-a-flight-but-pay-for-it-next-year-heres-how-it-works-.html

Turley: How Elon Musk Should Shape Twitter

Authored by Jonathan Turley,

Below is my column in the New York Post on the media meltdown over the Musk takeover at Twitter. The column again suggests a way for Musk to make a clean break from the censorship culture and apparatchiks at Twitter: the First Amendment Option.

Musk has already made great progress toward restoring free speech on the platform with the firing of the two chief censors at the company, but the deconstruction of one of the world’s largest censorship systems will be a challenge in the weeks and months ahead.

Here is the column:

News reports last week seemed to start out like a bar joke: The rich …

Read more at: https://www.zerohedge.com/political/turley-how-elon-musk-should-shape-twitter

Russia Says US Lowering ‘Nuclear Threshold’

Authored by Dave DeCamp via AntiWar.com,

A Russian official said Saturday that the US is lowering the “nuclear threshold” by sending an upgraded version of its B61 nuclear bomb to NATO bases in Europe.

The B61 is the US’s primary thermonuclear gravity bomb, and it is being modernized into a newer weapon known as the B61-12. Politico reported last week that the US told NATO allies at a recent meeting that it is deploying the B-61-12 to Europe to replace older bombs by this December, a faster timeline than the originally planned spring deployment.

“We cannot ignore the plans to modernize nuclear weapons, those free-fall bombs that are in Europe,” said Russian Deputy Foreign Minister Alexander Grushko, according to Russia’s RIA news agency.

Read more at: https://www.zerohedge.com/geopolitical/russia-says-us-lowering-nuclear-threshold

The Scariest Thing On Halloween – Inflation

Like Christmas and Columbus Day, the left refuse to let a holiday go by without whining and this year once again the war on Halloween continues.

Likely at the insistence of some new school administrator fresh out of a graduate program in women’s studies or whatever, The Daily Bell’s Ben Bartbee reports that “Lower Merion School District cancels Halloween parades over safety, inclusivity concerns,” sacrificing a 50-year tradition at the altar of Social Justice.

Halloween stuff in Lower Merion School District is now replaced with some vague, sterilized abomination called “fall-themed activities,” which are sure to suck the souls out of the schoolchildren.

But it gets better, as Bartbee notes, this year, Buzzfeed has issued a fatwa against Jeffrey Dahmer costumes in its public service denouncement: “Planning On Dressing Up As Jeffrey Dahmer For Halloween This Year? Don’t“:

“eBay has banned th …

Read more at: https://www.zerohedge.com/personal-finance/scariest-thing-halloween-inflation

Sen. Bob Menendez Is Reportedly Under Investigation For Corruption… Again

Authored by Jonathan Turley,

Sen. Bob Menendez, D-N.J., is under federal criminal investigation … again.

The voters of New Jersey reelected Menendez despite his accepting lavish gifts from a businessman who was later convicted of fraud. Menendez was also charged but the case was dismissed after a jury hung on the verdict.

As I noted at the time of the trial, Menendez was a “juror” in a trial that I handled in the Senate and he maintained a position completely at odds with his own later defense.

In the prior case against the Senator, prosecutors accused Menendez of accepting close to $1 million in contributions and lavish gifts in exchange for political favors.

The trial ended with a hung jury and the charges were dismissed in 2018.

That history did not prevent the Democrats from making Menendez the chairman of the powerful Senate Foreign Relations Committee.

Read more at: https://www.zerohedge.com/political/sen-bob-menendez-reportedly-under-investigation-corruption-again

UK battery firm Britishvolt averts collapse as funding secured

There were fears that Britishvolt could run out of money after the government refused to advance funding.

Read more at: https://www.bbc.co.uk/news/business-63459393?at_medium=RSS&at_campaign=KARANGA

Mother wins £60,000 over Morrisons discrimination

Donna Patterson said the supermarket had mistreated her after she returned to work from maternity leave.

Read more at: https://www.bbc.co.uk/news/business-63457797?at_medium=RSS&at_campaign=KARANGA

Elon Musk dissolves Twitter’s board of directors

It means he cements his control over the company by becoming its sole director.

Read more at: https://www.bbc.co.uk/news/technology-63458380?at_medium=RSS&at_campaign=KARANGA

Multibagger alert! These 8 smallcap bets of FIIs rallied over 100% in a year​

For a retail investor, it is always a good idea to keep a watch on institutional investors’ activity. ETMarkets found that foreign institutional investors (FIIs) consistently increased their stake in 49 BSE smallcap stocks in the last four quarters (December 2021- September 2022). The results show that the majority of stocks have given positive price returns in the last one year time frame and interestingly eight stocks from the list have doubled the investors’ wealth (Data Source: ACE Equity). All these stocks look strong on the SWOT analysis. Take a look at the key strong points of the stocks on SWOT analysis, according to Trendlyne.com.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/multibagger-alert-these-8-smallcap-bets-of-fiis-rally-over-100-in-a-year/top-bets/articleshow/95200827.cms

Tech View: Nifty forms higher bottom. What traders should do on Tuesday

Nifty has moved up after a consolidation breakout on the daily chart, suggesting a rise in optimism. On the daily timeframe, the index has sustained above the crucial moving average, confirming the short-term uptrend. Over the short term, the trend may remain positive. On the lower end, support is visible at 17,850/17,700; resistance on the higher end is placed at 18,100/18,300.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/nifty-forms-higher-bottom-what-traders-should-do-on-tuesday/articleshow/95205978.cms

Fundamental Radar: Good news for SBI shareholders. This brokerage firm sees fresh record highs in 1 year

Improved PCR, coupled with controlled restructuring and low Special Mention Accounts (SMA) book will drive a sustained reduction in credit cost to 0.8% for SBI which is our top pick,” Sneha Poddar, AVP, Fundamental Research, Motilal Oswal Financial Services, said.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/fundamental-radar-good-news-for-sbi-shareholders-this-brokerage-firm-sees-fresh-record-highs-in-1-year/articleshow/95197675.cms

People are keen to move out of big cities due to inflation. They are eyeing these sunny locations for lower-cost living.

Americans are opting for sunny, more affordable destinations to relocate to, rather than big cities like New York and Los Angeles, according to a Redfin report.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7146-E840261F096C%7D&siteid=rss&rss=1

Inflation is coming for your Christmas tree

Prepare to face a 5% to 15% jump in prices for live trees.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-713C-7E2116617E7E%7D&siteid=rss&rss=1

Cannabis Watch: Cannabis edibles company Wyld builds national footprint as it keeps hiring

CFO says the company has no immediate plan to raise outside capital as it grows to an expected 1,000 employees in 2023 with an eye on expanding to new states.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7147-1D9D8BE9B06A%7D&siteid=rss&rss=1