Investment In Low-Carbon Energy To Hit $620 Billion This Year

Spending on low-carbon projects will increase by $60 billion this year, 10% higher than in 2022, led by wind developments but helped by a significant rise in funding for hydrogen and carbon capture, utilization, and storage (CCUS) infrastructure, Rystad Energy research shows. The growth in total spending is a slowdown from recent years which averaged 20% annual increases as cost-conscious developers tighten their purse strings after two years of soaring prices. Investments in green sectors surged 21% in 2022 to overtake related oil

Read more at: https://oilprice.com/Alternative-Energy/Renewable-Energy/Investment-In-Low-Carbon-Energy-To-Hit-620-Billion-This-Year.html

Biden’s Economic Advisor Hints At More SPR Releases

Biden isn’t ruling out more releases from the nation’s Strategic Petroleum Reserves, U.S. President’s economic advisor Cecilia Rouse said on Thursday. The SPR, Rouse added, is still at half of capacity. President Joe Biden moved in April last year to release 180 million barrels from the nation’s SPR from April to September 2022. At the time the announcement was made, the SPR held more than 564 million barrels of crude oil. Today, that figure has shrunk to 371 million barrels which is the lowest volume in the SPR since 1983.

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Bidens-Economic-Advisor-Hints-At-More-SPR-Releases.html

Energy Efficiency Is Now Critical For Europe

Following the Russian invasion of Ukraine and the subsequent global shortage of oil and gas due to sanctions imposed on Russian energy governments worldwide have rushed to find alternative sources, as well as encouraging the public to massively reduce their energy usage in a bid to enhance energy security. Political leaders have rapidly introduced new energy policies to increase funding for renewable energy projects, nuclear power, and alternative oil and gas supplies, as well as encouraging energy firms and industries to come up

Read more at: https://oilprice.com/Energy/Energy-General/Energy-Efficiency-Is-Now-Critical-For-Europe.html

Centrica Predicts Almost Eightfold Increase In Full-Year Profits

British Gas owner Centrica has predicted a nearly eightfold increase in its full-year profits, powered by soaring energy prices last year following Russia’s invasion of Ukraine. The energy giant now anticipates earnings of 30p per share, way above analyst expectations of 22p per share compiled by Bloomberg. Centrica attributed its strong uptick in performance to robust trading across its electricity generation assets alongside gas production from fields in the North Sea. Investors have responded positively to the bullish update, with shares

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Centrica-Predicts-Almost-Eightfold-Increase-In-Full-Year-Profits.html

What Will $40 Billion In Russian-Iranian Energy Deals Look Like

On July 19, 2022, the National Iranian Oil Company (NIOC) signed a memorandum of understanding (MoU) with Russian gas company Gazprom worth close to $40 billion. The deal was signed by the CEOs of both companies during a virtual ceremony on the same day that Russian President Vladimir Putin arrived in Tehran for a summit with his Iranian and Turkish counterparts (Radio Free Europe/Radio Liberty, July 19, 2022). The expansion of the Kish and North Pars gas fields, enhancement of the South Pars field, development of six new oil fields, increased

Read more at: https://oilprice.com/Energy/Energy-General/What-Will-40-Billion-In-Russian-Iranian-Energy-Deals-Look-Like.html

Wind Power Generates Record Amount Of Energy In The UK

Wind power generated record amounts of energy earlier this week, topping 21 gigawatts for the first time ever on Tuesday evening. Blustery conditions have powered wind generation to a new peak, with generation across the UK’s turbines rising over the New Year. National Grids electricity system operator (NGESO) confirmed that between 6 pm and 6.30 pm on Tuesday 10th January, it generated 21.6GW in power providing 50.4 percent of the UK’s energy mix. This is the most wind that has ever generated and beats the previous record

Read more at: https://oilprice.com/Latest-Energy-News/World-News/Wind-Power-Generates-Record-Amount-Of-Energy-In-The-UK.html

Disney board exposed itself to activist intervention, but Peltz may be overreaching

Activist investor Nelson Peltz wants a Disney board seat, but his argument should be focused on succession planning rather than stock performance.

Read more at: https://www.cnbc.com/2023/01/12/disney-peltz-succession-plan-iger.html

Nelson Peltz lays out his case for Disney proxy fight, slams Fox acquisition

Disney will be facing Nelson Peltz’s Trian Fund Management in a proxy fight.

Read more at: https://www.cnbc.com/2023/01/12/nelson-peltz-talks-disney-proxy-fight.html

Flight disruptions ease after FAA outage but questions linger about system outage

More than 400 U.S. flights were delayed on Thursday following an FAA ground stop that delayed thousands of flights.

Read more at: https://www.cnbc.com/2023/01/12/faa-notam-outage-flight-impact-eases.html

HBO Max raises the price for ad-free service for the first time since it launched

Warner Bros. Discovery is increasing the price of ad-free HBO Max to $15.99 from $14.99, the first hike since the streaming service was launched in 2020.

Read more at: https://www.cnbc.com/2023/01/12/hbo-max-raises-price-for-first-time.html

Delta curbs employee access to luxury airport lounges as it struggles with crowding

Delta said employees traveling on their company travel perks can’t use its airport Sky Clubs.

Read more at: https://www.cnbc.com/2023/01/12/delta-cracks-down-on-employee-use-of-luxury-airport-lounges-.html

Nike CEO touts strength in Gen Z China shoppers as Covid disruptions dent regional sales

Nike’s CEO John Donahoe said the company is “really focused” on Gen Z consumers in China and aims to see inventory levels normalized by the end of the fiscal year.

Read more at: https://www.cnbc.com/2023/01/12/nike-ceo-john-donahoe-touts-strength-in-gen-z-china-shopper.html

Porsche sees a small uptick in global sales despite a big drop in Taycan EV

Porsche said a 16% drop in global sales of its electric Taycan was “due to supply chain bottlenecks and limited component availability.”

Read more at: https://www.cnbc.com/2023/01/12/porsche-reports-uptick-in-global-sales-despite-big-drop-in-taycan-ev.html

Walmart strikes a deal with Salesforce to sell more of its tech to other retailers

Walmart has used its reach and e-commerce growth to make money in new ways.

Read more at: https://www.cnbc.com/2023/01/12/walmart-teams-with-salesforce-to-sell-tech-to-retailers.html

Nearly 250,000 kindergarteners in the U.S. are vulnerable to measles due to a slide in vaccination rates, CDC says

CDC officials said disruptions to schools and health care during the Covid pandemic is largely responsible for the decline in vaccination rates.

Read more at: https://www.cnbc.com/2023/01/12/measles-250000-kindergarteners-are-vulnerable-due-to-drop-in-vaccination-rate-.html

Investing in Space: Digital orbital danger

Cybersecurity company SpiderOak raised $16.4 million in an oversubscribed round in a space data encryption push.

Read more at: https://www.cnbc.com/2023/01/12/investing-in-space-digital-orbital-danger-spideroak-fundraise.html

Rent the Runway to sell secondhand luxury on Amazon as it chases profitability

Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability.

Read more at: https://www.cnbc.com/2023/01/12/rent-the-runway-launches-amazon-storefront-to-sell-secondhand-luxury.html

Tax season opens for individual filers on Jan. 23, says IRS

The IRS will start accepting 2022 tax returns for individual filers on Jan. 23, the agency announced Thursday.

Read more at: https://www.cnbc.com/2023/01/12/irs-tax-season-opens-for-individual-filers-on-jan-23.html

2022 was one of the 10 hottest years and a record La Niña year

2022 had a La Niña weather pattern, which generally lowers global temperatures compared to what they would have been normally.

Read more at: https://www.cnbc.com/2023/01/12/nasa-and-noaa-2022-was-one-of-the-top-10-hottest-years-on-record.html

‘Decision To Arm Ourselves Or Arm Ukraine’: Navy Secretary Admits Crisis In US Defense Stockpiles

The leader of the US Navy has admitted that the question of dwindling US arms stockpiles in the rush to arm Ukraine, which now stands at over $100 billion in defense aid and counting, is dire enough that some tough unprecedented decisions are coming, which shocked a group of reporters this week.

Navy Secretary Carlos Del Toro acknowledged before a naval warfare conference in Arlington, Virginia on Wednesday that the US within the next six months could face a decision of whether to arm itself or Ukraine, due to rapidly depleting stockpiles due to supplying Ukraine

Secretary of the Navy (SECNAV) Carlos Del Toro, via Flickr/US NavyThe comments were first revealed by Defense One editor Marcus Weisberger on Twitter and subsequently reported in the publication, and in Newsweek and others. Earlier in the conference, the US Navy’s Adm. Daryl Caudle put things in stark terms by saying the …

Read more at: https://www.zerohedge.com/military/decision-arm-ourselves-or-arm-ukraine-navy-secretary-admits-crisis-us-defense-stockpiles

Former Employees Sue ESPN After Being Fired For COVID Vaccine Refusal

Authored by Zachary Stieber via The Epoch Times,

Two former employees are suing ESPN for being fired over COVID-19 vaccine refusal, alleging the company violated their rights and state and federal law in the process.

Beth Faber, a former producer with the network, and Allison Williams, a college football reporter, brought the suit on Jan. 11 in federal court in Connecticut, where Disney-owned ESPN is based.

Faber was fired on Sept. 9, 2021, after ESPN denied her request for a religious accommodation to the company’s mandate. Williams was fired on Oct. 19, 2021, after ESPN rejected requests for exemptions based on disability and religious beliefs.

ESPN officials claimed that no accom …

Read more at: https://www.zerohedge.com/covid-19/former-employees-sue-espn-after-being-fired-covid-vaccine-refusal

Monterey Peninsula Could Be Cut Off After Atmospheric River Pounding

Golfers were sent running last week when massive waves crashed onto the 14th hole at the Monterey Peninsula Country Club in Pebble Beach. The video was stunning, but since then, a series of atmospheric rivers pounded the West Coast even more and now risk cutting off the Monterey peninsula from the rest of the state.

In a press conference on Wednesday, Monterey County Sheriff Tina Nieto warned the county is preparing for an imminent cut-off from the rest of the state due to increasing flood waters from the Salinas River.

“Monterey peninsula may become an island,” said Monterey co. sheriff Tina Nieto during 1st major press conference since taking office to address storm concerns. Salinas river could bring more problems & disruptions. Sheriff urged people to stay calm, don’t panic but be prepared. pic.twitter.com/4kotxfwwLB

— Felix Cortez (@FelixKSBW) January 12, 2023

“If the Salinas River goes under Highway 68 and Highway 1 on its way to Monterey Bay. During extreme flooding, the river can block people from moving on or off the peninsula by blocking both highways. This last happened in 1995,” local media KSBW said.

The flooding of the Salinas River tomorrow would raise a scenario where the entire Monterey Penin …

Read more at: https://www.zerohedge.com/weather/monterey-peninsula-could-be-cutoff-after-atmospheric-river-pounding

Grocery Stores In NYC May Lock Up Food Due To Rampant Theft

Authored by Michael Snyder via The Economic Collapse blog,

Food has become a prime target for thieves, and that should deeply alarm all of us.  Once upon a time, shoplifting was a minor nuisance for most retailers in the United States.  But today the game has completely changed.  Highly organized gangs of thieves are systematically looting stores all over the country, and this is costing retailers billions upon billions of dollars.  Authorities call it “organized retail crime”, but I call it complete and utter lawlessness.  When you have large groups of people storming retail stores all over the nation on a regular basis, that is a major crisis.

Originally, a lot of these gangs were primarily targeting goods that could be resold on the Internet very easily.  But now …

Read more at: https://www.zerohedge.com/political/grocery-stores-nyc-may-lock-food-due-rampant-theft

Six Christmas retail winners and two losers revealed

Shoppers wanted to treat themselves despite cost-of-living pressures on households.

Read more at: https://www.bbc.co.uk/news/business-64246608?at_medium=RSS&at_campaign=KARANGA

Energy bills are predicted to fall further this year

New forecasts by Investec suggest energy bills could fall below £2,500 from July as wholesale gas prices fall.

Read more at: https://www.bbc.co.uk/news/business-64249541?at_medium=RSS&at_campaign=KARANGA

Disney accused of squeezing theme park customers

Investor Nelson Peltz says price rises at Disney’s theme parks are unsustainable.

Read more at: https://www.bbc.co.uk/news/business-64255871?at_medium=RSS&at_campaign=KARANGA

Positive Breakout: These 5 stocks crossed their 200 DMAs; do you own any?

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Apax Partners likely to sell its entire stake in Shriram Fin via block deal

Dynasty Acquisition (FPI), a company linked to Apax Partners, is expected to sell up to 173 lakh shares, representing 4.63% stake in the company

Read more at: https://economictimes.indiatimes.com/markets/stocks/news/apax-partners-likely-to-sell-its-entire-stake-in-shriram-fin-via-block-deal/articleshow/96947413.cms

Golden Crossovers: These 5 stocks signal further bullishness

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American Airlines stock jumps to best in 6 months after upbeat outlook

American Airlines Group Inc. stock rallied to its best in six months following the airline’s surprisingly upbeat guidance.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-717C-B4E158002DE4%7D&siteid=rss&rss=1

Economic Report: Good news for homebuyers: The housing market is showing signs of ‘normalizing’

A new report from Realtor.com says that the housing market is tipping in the buyers’ court as listing price growth slows, and inventory grows.

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-717B-CC686A61C442%7D&siteid=rss&rss=1

The Moneyist: ‘Our kids say our small house is embarrassing’: My husband and I earn $160K, have $1 million in retirement savings, cook at home and drive an old Honda. Are we missing out?

‘Should we be redecorating, going to Cancun and Disney World and getting takeout every night instead?’

Read more at: http://www.marketwatch.com/news/story.asp?guid=%7B20C06575-04D4-B545-7179-E3B848FBC9FE%7D&siteid=rss&rss=1