U.S. Tesla Owners Fume About Massive Price Cuts

It was just a couple of days ago we first noted that Tesla was getting blowback in China, where it has slashed prices in order to try and spur demand for its vehicles. Over the last few days, that anger towards the company appears to be ramping up in the U.S., as well, after Tesla also slashed prices domestically. Such was the takeaway from anew Bloomberg articlethat spoke to several Tesla owners and “fans”, who didn’t seem happy about the company’s recent move to slash prices. One 32 year old Tesla “fan girl” named Marianne Simmons

Read more at: https://oilprice.com/Latest-Energy-News/World-News/US-Tesla-Owners-Fume-About-Massive-Price-Cuts.html

Between Drought And Flood: California Faces Extreme Weather

“Global warming” morphed into “climate change” which now seems inadequate to describe the weather chaos we are experiencing on planet Earth.* The recent “atmospheric rivers” which have drenched California have been a catastrophe causing an estimated $1 billion in property damage and at least 17 deaths. As of this writing, overflowing river waters could cut the Monterey Peninsula off from the rest of the mainland. The terrible rains that have hit California since December 26 have also been a bit of a blessing to the drought-ravaged state. Just as

Read more at: https://oilprice.com/The-Environment/Global-Warming/Between-Drought-And-Flood-California-Faces-Extreme-Weather.html

Vegetable Oil Is Gaining Traction As A Biofuel

Interest in biofuels has exploded in recent years, and as governments pursue both energy security and lower emissions, that interest is only rising. Following a flurry of new climate policies worldwide, energy companies are looking to reduce their emissions while ensuring the stability of their legacy businesses. Meanwhile, countries around the world are looking for energy sources that can be secured domestically. The U.K. and Mexico are two such countries, with both of them now looking to vegetable oil as a potential energy source for heating

Read more at: https://oilprice.com/Alternative-Energy/Biofuels/Vegetable-Oil-Is-Gaining-Traction-As-A-Biofuel.html

Why Copper Prices Are Rebounding In 2023

By AGMetalMiner.com In recent days, copper prices managed to break prior highs after experiencing several weeks of pullback. Prices managed to hit short-term demand zones, which typically induce bullish strength. This confirmed the recently-formed uptrend in the copper market, ending the macro downtrend that started earlier in 2022. New data indicates the start of a bullish market, increasing the potential for further upside price movement. However, buyers should not rule out pullbacks, as prices remain historically high. Overall, the Copper

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India’s Oil Imports From Russia Jump 33 Times To Record High

Indias imports of Russian crude oil hit a record high of 1.2 million barrels per day (bpd) in December, as deep discounts on Russian crude when the price cap entered into force made India the top destination for Russia’s oil, ahead of China, Bloomberg reported on Monday, citing data from energy analytics firm Vortexa. Indias crude oil imports from Russia were 33 times higher in December 2022 than in December 2021, as India has emerged as a top buyer of Russian crude after the Russian invasion of Ukraine. Before the invasion

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Indias-Oil-Imports-From-Russia-Jump-33-Times-To-Record-High.html

Germany Will Need To Hold Onto Coal Power For Longer

Germanys coal demand rose last year for the second year in a row, coal importers association VDKI warned this weekand the country will hang onto its coal usage for longer than the German government has planned on. Germanys hard coal demand from coal-fired power stations increased by 16% last year, new VDKI estimates show, cited by Argus Media. While thats lower than what VDKI previously predicted, coal usage in Germany is still up, and the country will keep relying on coal for longer than Germany would like. Germany

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Germany-Will-Need-To-Hold-Onto-Coal-Power-For-Longer.html

The zero-fare public transit movement is picking up momentum

Washington, D.C., is poised to be the next major city to eliminate bus fares as the zero-fare transit movement picks up speed in the U.S.

Read more at: https://www.cnbc.com/2023/01/14/zero-fare-public-transit-movement-gains-momentum.html

Dungeons & Dragons open game license update delayed following fan backlash

The attempt to create a new D&D OGL comes as Hasbro’s Wizards of the Coast unit looks to capitalize on a surge in Dungeons & Dragons’ popularity.

Read more at: https://www.cnbc.com/2023/01/13/hasbro-delays-new-dungeons-dragons-licensing-rules.html

The condo king of Miami bets his new Fisher Island luxury project can weather a recession

Jorge Perez and his Related Group are behind the 10-story, 50-unit Fisher Island project that boasts a sell-out price of $1.2 billion.

Read more at: https://www.cnbc.com/2023/01/14/condo-king-miami-fisher-island-luxury.html

China should set aside politics and look at Covid jab imports, world’s largest vaccine maker says

Adar Poonawalla, chief executive of the world’s largest vaccine manufacturer, said China needs to “open… up to healthcare and vaccines from the West.”

Read more at: https://www.cnbc.com/2023/01/16/china-should-set-aside-political-issues-on-vaccine-imports-ceo-says.html

Activist investor Nelson Peltz’s Trian won’t pursue Wendy’s takeover

Nelson Peltz isn’t interested in acquiring Wendy’s but said in a statement he is confident in the company’s ability to drive shareholder value.

Read more at: https://www.cnbc.com/2023/01/13/peltz-trian-no-wendys-takeover.html

OECD chief says China’s reopening ‘overwhelmingly positive’ to help tackle global inflation crisis

OECD Secretary-General Mathias Cormann on Monday said China’s reopening is “overwhelmingly positive” in the global fight to tackle surging inflation.

Read more at: https://www.cnbc.com/2023/01/16/oecd-chinas-reopening-overwhelmingly-positive-to-tackle-inflation.html

Soccer star Son Heung-min gives his top 3 tips for making it as a pro athlete

Soccer star Son Heung-min shares top tips for making it as a pro athlete and the biggest lessons he’s learned so far.

Read more at: https://www.cnbc.com/2023/01/16/soccer-star-son-heung-mins-top-tips-for-making-it-as-a-pro-athlete.html

The richest 1% of people amassed almost two-thirds of new wealth created in the last two years, Oxfam says

Since 2020, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, according to a new report from Oxfam.

Read more at: https://www.cnbc.com/2023/01/16/richest-1percent-amassed-almost-two-thirds-of-new-wealth-created-since-2020-oxfam.html

India’s wedding season is here, but for many it’s no longer the bigger, the better

Millennial couples in India are opting for more intimate wedding celebrations, but costs for food, venues and decorations remain high.

Read more at: https://www.cnbc.com/2023/01/16/indian-weddings-millennial-couples-go-with-smaller-gatherings.html

FAA launches investigation after two planes nearly collide at JFK airport

The Federal Aviation Administration has launched an investigation after two commercial airplanes narrowly avoided a collision at John F. Kennedy International Airport on Friday.

Read more at: https://www.cnbc.com/2023/01/15/faa-launches-investigation-after-two-planes-nearly-collide-at-jfk-airport-.html

Food fraud secretly infiltrates kitchens across America — here’s how to avoid it

Food fraud costs the global food industry $40 billion per year, misleading consumers while posing potential public health risks, according to the FDA.

Read more at: https://www.cnbc.com/2023/01/15/food-fraud-secretly-infiltrates-america-heres-how-you-can-avoid-it-.html

10 auto industry predictions for investors to keep an eye on this year

Cox Automotive’s predictions for the U.S. auto industry point to a challenging year ahead.

Read more at: https://www.cnbc.com/2023/01/15/ten-auto-industry-predictions-2023.html

Tesla’s price cuts accelerate the EV market’s first real recession stress test

Tesla’s sales miss and just-announced price cuts pose the question: Is the new electric vehicle industry going through its first downturn – and is it ready?

Read more at: https://www.cnbc.com/2023/01/14/the-ev-industrys-first-recession-stress-test-will-it-be-a-bust.html

All The President’s Men: Biden’s Use Of Lawyers Raises Additional Concerns Over Handling Classified Material

Authored by Jonathan Turley,

Below is my column in the New York Post on the curious use of lawyers by President Joe Biden in the classified document controversy. There was a clear decision made to rely on his own counsel rather than the FBI or security officers after the discovery of highly classified documents in a closet in a private office. The decision clearly brings greater control and protection for the President, but it can itself be viewed as additional evidence of gross mishandling of classified material. In the movie “All The President’s Men,” Woodward chastises his colleague Bernstein that “I don’t mind what you did; I mind how you did it.” President Biden may face the same objection in his decision to use counsel to search for classified material.

Here is the co …

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Musk Says ZeroHedge Did “Nothing Warranting Suspension” After ‘Twitter Files’ Expose Big Pharma Bullying

Musk Says ZeroHedge Did “Nothing Warranting Suspension” After ‘Twitter Files’ Expose Big Pharma BullyingToday’s Twitter Files drop contains several notable pieces of evidence.

First, that lobbyists for the pharmaceutical industry launched a ‘massive lobbying blitz to crush any effort to share patents/IP for new covid-related medicine,” according to The Intercept’s Lee Fang. As part of this effort, lobbying group BIO “wrote to the newly elected Biden admin, demanding the U.S. gov sanction any country attempting to violate patent rights and create generic low cost covid medicine or vaccines.”

Of note, Pfizer and BioNTech raked in $37 billion in revenue in 2021 alone from the COVID-19 vaccine, while Moderna made $17.7 billion the same year (and has recently announced a plan to hike the price of the Covid-19 vaccine by approximately

Read more at: https://www.zerohedge.com/covid-19/big-pharma-bullied-twitter-censor-cheap-vaccine-demands-zerohedge-articles

Peter Schiff: The Recession Everybody Denies Exists Is Going To Get Worse

Via SchiffGold.com,

Peter Schiff recently appeared on Dan Bongino’s Unfiltered on Fox News to talk about the economy, inflation, the stock market, the Federal Reserve and investing in 2023. Peter said the recession that everybody denies exists is going to get worse, and so is inflation.

Some people in the mainstream seem to think a big stock market rally is in the cards. Peter said the optimism is unfounded.

I don’t think it’s going to be a good year for the stock market. I think there are going to be some stocks that do well. Unfortunately, most Americans don’t own those stocks.”

Peter said the ones that most investors do own are going to go down.

The very popular stocks that a lot of people have crowded into during the bubble – these stocks, even though they’ve come down a lot in 2022, they still have a long way to fall. And I think there’s a lot of risk in 2023, not just in the market, but in the economy.”

Bongin …

Read more at: https://www.zerohedge.com/markets/peter-schiff-recession-everybody-denies-exists-going-get-worse

Republicans Call Out ‘Double Standard’ Over Biden Classified Docs Hypocrisy

Congressional Republicans are crying foul over the double standard applied to President Biden’s mishandling of classified materials vs. the treatment former President Trump received.

To review, President Biden’s lawyers – who didn’t have clearance to view classified documents, allegedly stumbled upon a cache of them at his old office at the Penn Biden Center on Nov. 2, 2022, the day before midterm elections. After waiting nearly two months, more documents were found on December 20, January 9 and January 12 – the date on which AG Merrick Garland finally appointed a special counsel to investigate.

Read more at: https://www.zerohedge.com/political/republicans-call-out-double-standard-over-biden-classified-docs-hypocrisy

Bank of England governor warns of Truss hangover effect

The UK still needs to rebuild its economic reputation around the world, says Andrew Bailey.

Read more at: https://www.bbc.co.uk/news/business-64296230?at_medium=RSS&at_campaign=KARANGA

Cost of living: What do I do if I can’t afford to pay my debts?

What help and options are available to people struggling with debt repayments?

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Cost of living: Charity warns Christmas debt could take years to repay

Advisers warn of pain to come as a poll for the BBC suggests many have no idea how they will repay festive spending.

Read more at: https://www.bbc.co.uk/news/business-64235996?at_medium=RSS&at_campaign=KARANGA

Maruti Suzuki India among 10 stocks that crossed above their 200-DMA

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India MCX gold hits fresh highs above Rs 56,000: What should investors do this week?

Gold prices hit a 9-month high in the international markets and crossed $1,900 per troy ounce. Silver prices also crossed its major resistance of $24.40 per troy ounce on a weekly closing basis.

Read more at: https://economictimes.indiatimes.com/markets/commodities/views/india-mcx-gold-hits-fresh-highs-above-rs-56000-what-should-investors-do-this-week/articleshow/97019658.cms

7 Indian stocks that match Warren Buffett’s style of value investing

The CEO of Berkshire Hathaway and current primary shareholder, Warren Buffett is one of the most successful investors of all times. A former student of Benjamin Graham, Buffett is noted as a legendary value investor, though he is also believed to incorporate an emphasis on management quality and company growth prospects. Based on the ideas of Warren Buffett, a custom screen made by MarketSmith emphasizes metrics looking for companies with long-term past and potential future growth. Here is a list of 7 stocks that match Warren Buffett’s style of value investing, as listed on MarketSmith:

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/7-indian-stocks-that-match-warren-buffetts-style-of-value-investing/buffettology/articleshow/97019186.cms

The Margin: Looking to lose weight in 2023? The choice between a bag of Fritos and a multigrain bagel might not be as simple as you’d think.

Research from Tufts University shows that certain foods often considered unhealthy are more nutritious than some might expect

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7111-9B23A84945DA%7D&siteid=rss&rss=1

‘This is our shot’: Evanston’s road to reparations gets a documentary spotlight on Martin Luther King Jr. Day

‘America has got to finally deal with its moral debt,’ says Erika Alexander, a director and producer of ‘The Big Payback,’ premiering Monday on PBS.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-717D-5BFAF9A09EB3%7D&siteid=rss&rss=1

Job openings data is missing a recent upturn in layoffs, Goldman economist says

The Labor Department’s job openings report may not be capturing a recent upturn in layoffs, according to new research from Goldman Sachs.

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