25Jan2022 Market Close & Major Financial Headlines: Fat Lady continues to sing despite slight cough, DOW closed down 67 Points, NASDAQ Down 2.3%, S&P 500 down 1.2%, Dogecoin $0.1427

UAE’s State Oil Firm Prepares For First Bond Issue

Abu Dhabi National Oil Company (ADNOC) has created a new entity that will sell the first bond of the United Arab Emirates’ oil producer as the OPEC member looks to diversify its income away from oil. ADNOC will be the latest national oil company in the Middle East to look to tap into the bond market, after Saudi Aramco and QatarEnergy. In June last year, Saudi Aramco raised $6 billion via its first Islamic bond denominated in U.S. dollars, orders for which exceeded $60 billion. Later in the same month, QatarEnergy, formerly Qatar Petroleum, raised

Read more at: https://oilprice.com/Latest-Energy-News/World-News/UAEs-State-Oil-Firm-Prepares-For-First-Bond-Issue.html

Is A Lithium Cartel Inevitable?

The more people I speak with about lithium, the bigger this story gets. Following my previous article How The U.S. Is Losing The Lithium Industry To China several readers told me that this battle is already lost. And, I have to admit that the trajectory we are currently on gives little reason to believe that Chinas dominance will be threatened any time soon. In todays article, I want to reiterate two threats to U.S. national security based on the current trajectory. Then, I want to revisit why China jumped ahead of

Read more at: https://oilprice.com/Energy/Energy-General/Is-A-Lithium-Cartel-Inevitable.html

Saudi Arabias Gas Production Hits Record-High

Saudi Arabia has grown its natural gas production by 30 percent in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, as the worlds top oil exporter targets to develop more stand-alone natural gas fields, the U.S. Energy Information Administration (EIA) said on Tuesday. Being a key member of the OPEC+ pact, Saudi Arabia has seen a decline in its associated natural gas production from oilfields in recent years, but the development of non-associated, stand-alone gas fields has helped the Kingdom grow its gas production to

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Saudi-Arabias-Gas-Production-Hits-Record-High.html

Stock Market Crash Puts The Brakes On Oil Rally

Mondays stock market crash appeared to temporarily halt the oil price rally, but oil prices began to rebound on Tuesday morning. Chart of the Week- With 2021 providing an illustrative case of runaway power prices, nuclear power investments will be increasing over the short-to-mid term as nations seek non-emitting ways of securing electricity.- According to Rystad Energy estimates, investments in nuclear will rise to $45-46 billion in 2022-2023, with 52 reactors currently under construction in 19 countries worldwide.- Europe remains

Read more at: https://oilprice.com/Energy/Energy-General/The-Oil-Rally-Cools-As-The-Stock-Market-Crashes.html

High-Impact Oil And Gas Drilling Makes A Comeback

High-impact well drilling activity returned to growth in 2021 after a decade-low in 2020 when the pandemic and crash in demand made oil and gas companies slash drilling budgets and defer campaigns. More than 1,500 exploration and appraisal wells were completed last year, up from the previous year, and delivering at least 13.8 billion barrels of oil equivalent (boe), IHS Markit said in a new report on high impact wells. Even with the industry challenges, 2021 still delivered from a resource perspective, Jack Rivers, Director

Read more at: https://oilprice.com/Latest-Energy-News/World-News/High-Impact-Oil-And-Gas-Drilling-Makes-A-Comeback.html

What Is Holding The Solar Boom Back?

In 1975, Ford-era energy expert and policymaker Robert C. Seamans declared that solar power could likely represent a quarter of the United States energy production by 2020, while wind power would never represent more than 1% of the nations energy mix. Instead, solar power has never cracked 3% of the United States energy mix, while wind power has gone on to reach about 8% in the past year. In general, the United States lags far behind other Western developed countries when it comes to renewable energy production and adoption, but the

Read more at: https://oilprice.com/Alternative-Energy/Renewable-Energy/What-Is-Holding-The-Solar-Boom-Back.html

The next Covid variant will be more contagious than omicron, but the question is whether it will be more deadly, WHO says

A top WHO official warned against theories that the virus will continue to mutate into milder strains that make people less sick than earlier variants.

Read more at: https://www.cnbc.com/2022/01/25/the-next-covid-variant-will-be-more-contagious-than-omicron-who-says.html

Biden administration withdraws Covid vaccine mandate for businesses after losing Supreme Court case

Workplace safety regulator OSHA said it is pulling the vaccine and testing rules for businesses effective Wednesday.

Read more at: https://www.cnbc.com/2022/01/25/covid-vaccine-mandate-osha-withdraws-rule-for-businesses-after-losing-supreme-court-case.html

A more than $761 billion dilemma: Retailers’ returns jump as online sales grow

Returns have ballooned as consumers buy more during the pandemic and make many of those purchases online.

Read more at: https://www.cnbc.com/2022/01/25/retailers-average-return-rate-jumps-to-16point6percent-as-online-sales-grow-.html

McKinsey calculates the staggering capital spending required to reach net-zero by 2050

We’ll have to spend an extra $3.5 trillion a year on physical assets for energy and land-use systems, says a new McKinsey report.

Read more at: https://www.cnbc.com/2022/01/25/mckinsey-calculates-capital-spending-required-to-reach-net-zero-by-2050.html

Tom Brady says family will play big role in whether he retires or returns to the NFL

Brady is the all-time NFL leader in passing yards, completions and passing touchdowns. He has won seven Super Bowls.

Read more at: https://www.cnbc.com/2022/01/25/tom-brady-says-family-will-play-big-role-in-whether-he-retires-or-returns-to-the-nfl.html

42.7 million people watched the Kansas City Chiefs’ thrilling win over Buffalo Bills

The Kanas City Chiefs overtime win over the Buffalo Bills peaked at 51.6 million viewers and produced one of the most memorable playoff endings in NFL history.

Read more at: https://www.cnbc.com/2022/01/25/nfl-playoff-ratings-42point7-million-people-watch-chiefs-win-over-bills-.html

Cramer’s Investing Club: 3 portfolio stocks — in retail, tech and oil — get new ratings

The moves better reflect our thinking about Costco, Cisco and Chevron at current prices following the recent swings in the stock market.

Read more at: https://www.cnbc.com/2022/01/25/cramer-3-portfolio-stocks-costco-cisco-and-chevron-get-new-ratings.html

Stocks making the biggest moves midday: American Express, General Electric, IBM and more

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

Read more at: https://www.cnbc.com/2022/01/25/stocks-making-the-biggest-moves-midday-american-express-general-electric-ibm-and-more.html

Airbus to rent out its giant Beluga aircraft in bet on air cargo boom

Airbus says it is starting its own cargo airline using its massive Beluga planes.

Read more at: https://www.cnbc.com/2022/01/25/airbus-to-rent-out-its-giant-beluga-aircraft-in-bet-on-air-cargo-boom.html

GM to spend $6.6 billion on EV plant investments in bid to dethrone Tesla in electric car sales by 2025

GM has projected it will sell more than 1 million EVs globally by mid-decade and overtake Tesla as the top US-based seller of electric vehicles.

Read more at: https://www.cnbc.com/2022/01/25/gm-investing-6point6-billion-in-bid-to-dethrone-tesla-in-ev-sales-by-2025.html

AMC reportedly in advanced talks to refinance debt

AMC Entertainment is fast-tracking its plan to refinance its debt, according to a report from The Wall Street Journal.

Read more at: https://www.cnbc.com/2022/01/25/amc-reportedly-in-advanced-talks-to-refinance-debt.html

Activist Macellum asks for a seat on Kohl’s board and for a commitment to explore a sale

Activist hedge fund Macellum Advisors has been asking Kohl’s to consider selling itself and now it wants at least one seat on the retailer’s board.

Read more at: https://www.cnbc.com/2022/01/25/macellum-asks-for-kohls-board-seat-and-for-kohls-to-explore-a-sale.html

Real estate billionaire Sam Zell says office space will recover ‘much faster’ than retail

Demand for office space is likely to rebound from depressed Covid pandemic levels long before retail properties, Sam Zell told CNBC on Tuesday.

Read more at: https://www.cnbc.com/2022/01/25/real-estate-billionaire-sam-zell-says-office-space-will-recover-much-faster-than-retail.html

Durham: DNC Lawyer Marc Elias Has Given Grand Jury Testimony

Durham: DNC Lawyer Marc Elias Has Given Grand Jury TestimonyAuthored by Techno Fog via The Reactionary,

Today, Special Counsel John Durham provided a “discovery Update” to the court in the Michael Sussmann case. In this filing, available here, he disclosed that his team has obtained a tremendous amount of information ranging from a variety of sources – including Perkins Coie, the Hillary Clinton Campaign, and former DNC/Clinton lawyer Mark Elias.

While Sussmann has been charged with giving false statements to then-FBI General Counsel James Baker regarding the Alfa Ba …

Read more at: https://www.zerohedge.com/political/durham-dnc-lawyer-marc-elias-has-given-grand-jury-testimony

Microsoft Tumbles Despite Beating Across The Board

Microsoft Tumbles Despite Beating Across The BoardLooking at Microsoft’s earnings reported moments after the close, which beat from the top to the bottom line, and one would think that the stock is soaring after hours. But instead what one would find is an inexplicable plunge of 6% which can only be attributed to someone bearishly positioned and slamming the stock after hours in hopes of setting a narrative that MSFT’s beat wasn’t strong enough.

Here is what the company reported for Q4:

Revenue $51.73 billion, +20% y/y, beating estimates of $50.87 billion

EPS $2.48 vs. $2.03 y/y, beating estimates of $2.31

Operating income $22.25 billion, +9.9% q/q, beating the estimate $21.06 billion

Capital expenditure $5.87 billion, +41% y/y, beating estimates $5.83 billion

Drilling into the revenue numbers shows even more beats:

Productivity and Business Processes revenue $15.94 billion, +19% y/y, beating the estimate $15.91 billion

Intelligent Cloud revenue $18.33 billion, +26% y/y, beating the estimate $18.32 billion

More Personal Computing revenue $17.47 billion, +15% y/y, beating the estimate $16.67 billion

Read more at: https://www.zerohedge.com/markets/microsoft-tumbles-despite-beating-across-board

‘Deja Vu All Over Again’ As Stocks Dump’n’Pump Again Ahead Of Fed

‘Deja Vu All Over Again’ As Stocks Dump’n’Pump Again Ahead Of FedWell who could have seen that coming?

Another day of dumping into EU close followed by buyback ramp?

— zerohedge (@zerohedge) January 25, 2022

Indeed it was a “deja vu all over again” as Yogi Berra would say, but this time the ending was different…

No obvious catalyst from a news or technical support level for today’s resurgence, but some pointed to optimism sparked by comments from President Biden: “There is not going to be any American forces moving into Ukraine”

Small Caps were the first again to recover their losses, then The Dow, then as the S&P got green, selling pressure started in the last hour.  That smashed Nasdaq back down towards the lows of the day and the S&P notably red on the day while The Dow survived and Small Caps outperformed…

Read more at: https://www.zerohedge.com/markets/deja-vu-all-over-again-stocks-dumpnpump-ahead-fed

2nd NYPD Officer Dies After Being Shot During Harlem Ambush

2nd NYPD Officer Dies After Being Shot During Harlem AmbushJust a day after Mayor Eric Adams unveiled his new plan for tackling crime in NYC – a plan that has been met with cautious optimism, even from the NY Post, which excoriated Adams’ predecessor daily – a second NYPD officer shot in an incident in Harlem on Friday night has reportedly died, making him the second cop to have died in the shooting.

Wilbert Mora

The deceased officer’s name is Wilbert Mora, 27. He had been clinging to life since being gunned down along with his police partner, Jason Rivera, 22, who died shortly after the shooting Friday, an ambush that occurred during a domestic violence call.

News of the officer’s death was announced by NYC Police Commissioner Keechant Sewell on twitter:

It’s with great sadness I announce the …

Read more at: https://www.zerohedge.com/political/2nd-nypd-officer-dies-after-being-shot-during-harlem-ambush

Food firms warn of product shortages if CO2 deal not agreed

Carbon dioxide, essential in the food industry, could run short again without a new production deal.

Read more at: https://www.bbc.co.uk/news/business-60131946?at_medium=RSS&at_campaign=KARANGA

IMF expert: Families may need help with energy bills

The IMF says the global economy is entering 2022 in a weaker position than previously expected.

Read more at: https://www.bbc.co.uk/news/business-60128099?at_medium=RSS&at_campaign=KARANGA

Boohoo starts production at new Leicester factory

The retailer also plans to use the site as a training facility after a review found “many failings”.

Read more at: https://www.bbc.co.uk/news/uk-england-leicestershire-60132046?at_medium=RSS&at_campaign=KARANGA

Another day, another Musk tweet pumps Dogecoin up 9%

Musk, who is the founder of Tesla and SpaceX, said he would eat a Happy Meal on TV if Fast food giant McDonald’s starts accepting Dogecoin

Read more at: https://economictimes.indiatimes.com/markets/cryptocurrency/another-day-another-musk-tweet-pumps-dogecoin-up-9/articleshow/89120605.cms

No major announcement likely for telecom sector in Budget 2022

The wish list so far includes the government bringing down licence fees from 3 per cent to 1 per cent and reducing spectrum usage charge (SUC) rate by 3 per cent on spectrum acquired in past auctions

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/no-major-announcement-likely-for-telecom-sector-in-budget-2022/articleshow/89111497.cms

Tech View: Nifty50 sees buying at lows; stay neutral, say analysts

For the day, Nifty50 ended at 17,277.95, up 128.85 points or 0.75 per cent. This is even as it was the fifth straight session when the index formed a lower high-low formation.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty50-sees-buying-at-low-stay-neutral-say-analysts/articleshow/89118145.cms

Earnings Results: Microsoft tops $50 billion in quarterly sales for first time as earnings top estimates, but stock falls in late trading

Microsoft Corp. sales topped $50 billion for the first time in the holiday quarter of 2021 and easily topped earnings expectations, but shares still fell in late trading Tuesday.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-78B5-BB466F9A1895%7D&siteid=rss&rss=1

: 400 million free N95 masks are starting to hit pharmacies — here’s how to extend their use, and recycle them

Even when disposable feels safer, it can be challenging for Americans who typically recycle to accept so much mask waste.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-788B-3581D9A7312B%7D&siteid=rss&rss=1

Market Extra: These cities are poised to rebound quicker in the pandemic’s wake

San Jose, Boston, San Francisco and New York are among the top global cities poised for a quicker economic and real-estate rebound in the wake of the pandemic, according to a new JLL report.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C05575-04D4-B545-78B4-5C0ECB7926CB%7D&siteid=rss&rss=1