What Would It Take To Completely Decarbonize Jet Fuel?

Arizona State University research shows a pathway toward full decarbonization of U.S. aviation fuel use by substituting conventional jet fuel with sustainably produced biofuels. The study found that planting the grass miscanthus on 23.2 million hectares of existing marginal agricultural lands land that often lays fallow or is poor in soil quality across the United States would provide enough biomass feedstock to meet the liquid fuel demands of the U.S. aviation sector fully from biofuels, an amount expected to reach 30 billion gallons/year

Read more at: https://oilprice.com/Alternative-Energy/Biofuels/What-Would-It-Take-To-Completely-Decarbonize-Jet-Fuel.html

OPEC’s Second-Largest Oil Producer Issues Arrest Warrant For Donald Trump

The Iraqi supreme court has issued an arrest warrant for former U.S. President Donald Trump for the assassination on Iraqi soil of Iran’s Quds Force commander, Qasem Soleimani, Iraqi News reports, citing a Baghdad news agency. The warrant was issued on Thursday in connection both with the killing of Soleimani and of another Iraqi militia leader, chief of staff of the Popular Mobilization Forces (PMF) in Iraq both of whom were killed in a drone strike in January 2020 near the Baghdad airport. That assassination operation led

Read more at: https://oilprice.com/Latest-Energy-News/World-News/OPECs-Second-Largest-Oil-Producer-Issues-Trump-Arrest-Warrant.html

Leading U.S. Refiner: Expect Tight Gasoline And Diesel Supply This Summer

Gasoline and diesel supplies will be tight this summer, according to U.S. oil refiner Phillips 66. At the same Goldman Sachs Global Energy and Clean Technology Conference in Miami where Pioneer Natural Resources CEO predicted that the Saudis wouldn’t let the Brent barrel stay around $75, Phillips 66 vice president warned that the world has already seen a loss of 4.7 million bpd in refining processing capacity. Last summer, we saw demand back close to 2019 levels and saw margins, frankly, I didn’t think we’d see and hadn’t

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Leading-US-Refiner-Expect-Tight-Gasoline-And-Diesel-Supply-This-Summer.html

China’s EV Boom Has Sent Its Car Exports Soaring

Despite being a huge manufacturing country the biggest in the world, in fact until recently, China has not been on the radar when it comes to car manufacturing. Chinese automakers have never gained global attention for their high-quality petrol or diesel cars, with other U.S., European or Asian automakers proving more popular. However, as China takes the lead on renewable energy operations, the country is heavily focused on electric vehicles (EVs), with the government and private firms pumping billions into research and development.

Read more at: https://oilprice.com/Energy/Energy-General/Chinas-EV-Boom-Has-Sent-Its-Car-Exports-Soaring.html

Surge In China Covid-19 Cases Leads To Spike In Rare Earth Prices

By AGMetalminer.com TheRare Earths MMI (Monthly MetalMiner Index)jumped slightly more than in the past six months, rising 4.45%. All month, geopolitical factors, mostly involving China, significantly impacted the index. For instance, production still proved low in the wake of zero-COVID. Then, once zero-COVID restrictions were lifted, the spike in cases across China kept the drag on rare earth supplies. Alternatively, the price increase could signify increasing fears of further slowed production in China. The surge means that until

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Surge-In-China-Covid-19-Cases-Leads-To-Spike-In-Rare-Earth-Prices.html

Iran Eyes More Energy Deals With Turkmenistan

With its massive oil and natural gas reserves, Turkmenistan’s economy is heavily dependent on foreign exchange earnings from the export and sale of these resources. Given this, the country’s economic stability is tied to Ashgabat’s foreign policy and cooperation with its neighbors, including those territories located in the path of target markets (Iess.ir, February 8, 2021). Iran, in particular, has always intended to take advantage of its location for oil and gas swaps with the countries of the Caspian Sea and Central Asia in

Read more at: https://oilprice.com/Energy/Natural-Gas/Iran-Eyes-More-Energy-Deals-With-Turkmenistan.html

Bed Bath & Beyond shares plummet after company warns of potential bankruptcy

The embattled home goods retailer said it is exploring financial options, including filing for bankruptcy.

Read more at: https://www.cnbc.com/2023/01/05/bed-bath-beyond-shares-plummet-as-company-warns-of-deeper-financial-troubles.html

Walgreens executive says ‘maybe we cried too much last year’ about theft

Walgreens acknowledged it may have overblown concerns about thefts in their stores after shrinkage stabilized over the past year.

Read more at: https://www.cnbc.com/2023/01/05/walgreens-may-have-overstated-theft-concerns.html

Ford pickup truck sales in December helped narrow overall sales decline in 2022

Ford reported sales of more than 1.9 million vehicles in 2022, including an increase of 3.2% during the final month of the year.

Read more at: https://www.cnbc.com/2023/01/05/ford-pickup-truck-sales-december-narrow-sales-decline.html

Constellation Brands’ shares tumble as higher costs hit beer supply chain

Constellation Brands’ shares tumble as cost increases plague beer supply chain

Read more at: https://www.cnbc.com/2023/01/05/constellation-brands-stz-q3-earnings.html

Roku CEO explains why the company is launching its own line of TVs

Roku will sell its own line of TVs in the spring despite cutting costs in other areas of its business.

Read more at: https://www.cnbc.com/2023/01/05/roku-ceo-explains-why-the-company-is-launching-its-own-line-of-tvs.html

Stitch Fix plans 20% job cuts as CEO steps down, founder Katrina Lake to reassume post

Stitch Fix founder Katrina Lake on Thursday announced the company will be cutting 20% of its salaried workforce and that she will reassume her post as CEO.

Read more at: https://www.cnbc.com/2023/01/05/stitchfix-ceo-steps-down-20percent-of-salaried-workforce-to-be-cut.html

Amazon’s Alexa will soon help EV drivers find a charger

Amazon is teaming up with EVGo, one of the largest U.S. EV charging networks, to add new EV-related features to Alexa.

Read more at: https://www.cnbc.com/2023/01/05/amazons-alexa-will-soon-help-ev-drivers-find-a-charger.html

As Constellation’s shares fall on weak earnings, we see a buying opportunity

Alcoholic beverage producer Constellation Brands (STZ) reported mixed fiscal 2023 third-quarter earnings on Thursday, sending shares lower.

Read more at: https://www.cnbc.com/2023/01/05/constellations-shares-fall-weak-earnings-we-see-buying-opportunity-.html

Walgreens shares fall even after quarterly results top expectations

Walgreens Boots Alliance reported fiscal first-quarter earnings before the bell Tuesday.

Read more at: https://www.cnbc.com/2023/01/05/walgreens-boots-alliance-wba-q1-earnings-2023.html

Cox to launch mobile business, joining cable rivals Comcast, Charter and Altice

Cox Communications plans to announce the national launch of Cox Mobile for its customers at the Consumer Electronics Show on Thursday.

Read more at: https://www.cnbc.com/2023/01/05/cox-launches-mobile-business.html

Pickleball popularity exploded last year, with more than 36 million playing the sport

Pickleball now boasts the support of LeBron James, Tom Brady and more than 36 million other Americans.

Read more at: https://www.cnbc.com/2023/01/05/pickleball-popularity-explodes-with-more-than-36-million-playing.html

Online holiday sales rose by 3.5% as discounts persuade deal-hungry shoppers

Sales during the key shopping season got a boost from record-high discounts and Cyber Week deals.

Read more at: https://www.cnbc.com/2023/01/05/holiday-2022-online-sales-jump-boosted-by-discounts.html

GM reclaims title as America’s top automaker after a 2.5% jump in sales last year

GM said Wednesday it sold 2.27 million vehicles in the U.S. in 2022, up by 2.5% for the year.

Read more at: https://www.cnbc.com/2023/01/04/general-motors-gm-sales-q4-2022.html

Citadel Post Record $35.5 Billion In 2022 Revenue For Hedge Fund, Securities Operations

Yesterday we listed some of the best and worst performing hedge funds of 2022: we missed the most important one.

After a stellar 2021, when it generated $16.2 billion in revenue, in 2022 Ken Griffen’s Citadel hedge fund – which had $54.5 billion in AUM as of Jan 1 – had a blowout year, and according to the WSJ, it generated about $28 billion in revenue, citing sources. It wasn’t immediately clear what exactly is meant by “revenue” here: new funds, services rendered, or unbooked and booked gains, but whatever it is, the number is a lot, and follows an impressive 38.1% return at the company’s flagship multi-strategy fund, Wellington. It also far outstripped the hedge fund’s prior record of $16.2 billion the year before.

Additionally, Citadel Securities, a separate entity and one of the world’s biggest electronic-trading firms, had $7.5 billion in revenue, also up from the prior record of $7 billion in 2021. Although in a market where there has been virtually no “lit” (or exchange liquidity) and where most trades have gone through internalizers like Citadel, this particular success is easier to comprehend.

And yes, those pointing out that companies which control both a hedge fund and a trading operation are not that different from SBF’ …

Read more at: https://www.zerohedge.com/markets/citadel-post-record-355-bilion-2022-revenue-hedge-fund-securities-operations

FBI Increases Reward To $500,000 For Info About Capitol Hill Pipe-Bomb Suspect

Authored by Mimi Nguyen Ly via The Epoch Times,

The Federal Bureau of Investigation (FBI) on Jan. 4 announced that the reward for information about the suspect who allegedly planted pipe bombs near the headquarters of the Republican National Committee (RNC) and the Democratic National Committee (DNC) in Washington, D.C., has increased from $100,000 to $500,000.

The incident occurred two years ago. The suspect is alleged to have planted the pipe bombs on Jan. 5, 2021, between about 7:30 p.m. and 8:30 p.m. local time—the night before Jan. 6, when people breached the Capitol Building and briefly interrupted a joint session of Congress to certify the 2020 election.

One bomb was placed in an alley behind RNC headquarters, located at 310 First Street Southeast, while the other was placed near the DNC headquar …

Read more at: https://www.zerohedge.com/political/fbi-increases-reward-500000-info-about-capitol-hill-pipe-bomb-suspect

Nothing But Rage: The Ginni Thomas Investigation Ends Without A Mention In J6 Report

Authored by Jonathan Turley,

Below is my column in the New York Post on J6 Committee report and the conspicuous absence of any mention of Ginni Thomas, the wife of Clarence Thomas. Despite calls for the impeachment of Justice Thomas and criminal charges against the couple, the Ginni Thomas “scandal” seemed to evaporate with nary a mention in the report or the press.

Here is the column:

The Jan. 6 committee issued its long-awaited report at 2022’s end, with the expected breathless punditry. Spoiler alert: It turns out the culprit of this “whodunit” …

Read more at: https://www.zerohedge.com/political/nothing-rage-ginni-thomas-investigation-ends-without-mention-j6-report

Day Three: McCarthy Becomes Eight-Time Loser After Latest Vote For Speaker

Update (1455ET): If Kevin McCarthy was a cat, he’d have one life left – after the eighth round of voting for House Speaker has once again left him with snake-eyes.

The results were virtually unchanged from the last round, with McCarthy garnering 201 votes, 20 Republicans voting for another candidate, and one voting “present.”

What’s next?

As of now, lots of uncertainty about what’s next.

Could be 9th ballot

House rs would like to adjourn but don’t think they have the votes.

The leadership operation is trying to turn some votes on adjournment now.

Remember: they have to keep voting if they can’t adjourn

— Jake Sherman (@JakeSherman) January 5, 2023

Rep. Na …

Read more at: https://www.zerohedge.com/political/day-three-mccarthy-caves-concessions-republican-holdouts-stand-ground

Who is striking? How Friday 6 January’s walkouts will affect you

What you need to know about the rail strike and other industrial action, by the BBC’s Zoe Conway.

Read more at: https://www.bbc.co.uk/news/business-64174086?at_medium=RSS&at_campaign=KARANGA

Next, B&M and Greggs see Christmas sales boost despite rising prices

Several retailers said Christmas sales had seen a boost despite cold weather, rising costs, and rail strikes.

Read more at: https://www.bbc.co.uk/news/business-64165529?at_medium=RSS&at_campaign=KARANGA

Amazon to axe 18,000 jobs as it cuts costs

Most of the job losses will come from human resources and retail including its shops.

Read more at: https://www.bbc.co.uk/news/business-64171008?at_medium=RSS&at_campaign=KARANGA

Tech View: Nifty charts show bears in control. What traders should do on Friday

Analysts said today’s intra-day recovery shows that buying is expected to emerge from near the lower support of around 17750-17800 levels.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/tech-view-nifty-charts-show-bears-in-control-what-traders-should-do-on-friday/articleshow/96764945.cms

Chart Check: After 100% rally from June lows, here’s what makes this smallcap an attractive buy

Key observation has been that share price has given a faster retracement of August 2021–June 2022 decline (Rs 100-50) faster signaling a structural turnaround and is expected to outperform in coming months. Consolidation of the past five years (CY17-22) resembles a bullish cup and handle pattern.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/chart-check-after-100-rally-from-june-lows-heres-what-makes-this-smallcap-an-attractive-buy/articleshow/96755168.cms

Can 2024 Lok Sabha election trigger Sensex rally this year? Check track record

The govt is also expected to ensure enough spending to revive the rural economy ahead of the elections. According to Nomura analysts, election related spending can support demand in sectors like FMCG and two-wheelers.

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/can-2024-lok-sabha-election-trigger-sensex-rally-this-year-check-track-record/articleshow/96753487.cms

The Moneyist: ‘Am I crazy?’ I’ve paid my fiancée rent for 9 years and spent $10,000 improving her home. She’s also listed on my health insurance. What should I do?

‘I am now paying $1,100 a month in rent. I am also paying her $200 health-insurance premium.’

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7175-050AA2759CF9%7D&siteid=rss&rss=1

Qualcomm jumps into emergency services with Snapdragon Satellite, in cooperation with Iridium

Qualcomm is looking to leapfrog Apple by offering emergency satellite service using Android smartphones.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7175-5AAB20A2EDF4%7D&siteid=rss&rss=1

Crypto Update: Crypto brokerage Genesis lays off 30% of its staff in an effort to survive

Crypto broker and lender Genesis Trading has laid off 30% of its staff as the firm struggles after several setbacks in 2022.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7177-167A3C7ED80B%7D&siteid=rss&rss=1