EU Becomes The Biggest Importer Of LNG
On Monday, FT, citing data from Refinitiv, reported that the EU has become the number one importer of liquified natural gas (LNG), as purchases of the fuel by EU countries…
Analyst Says, 2023 Tech Stock Rebound To Look Like A Mullet – Business In Front, Party In Back
One long-time tech analysts is predicting the 2023 rebound in tech stocks may look like an iconic hairstyle. Jeffries analyst Brent Thill says, “We believe in the mullet trade… where…
Momentum Building For Delta As Q4 Earnings Guidance Rises
Delta Airlines announced that as operating margins appear set to reach the top of the company’s previous guidance of 9-11%, the company expects it will see adjusted earnings per share…
Apple To Begin Using In-House Screens On Its Devices
On Tuesday, Bloomberg News reported that as part of an initiative to begin bringing the manufacture of more components in-house, Apple Inc is planning to begin using its own custom…
US House To Pass Bill Banning Strategic Oil Sales To China
In a Tweet, US House Majority Leader Steve Scalise announced the U.S. House of Representatives will vote this week to end all sales of oil from the Strategic Petroleum Reserve…
Trader Sees Oil Demand Rising Over 2023 As Covid Measures Are Abandoned
Pierre Andurand, the legendary hedge fund manager of Andurand Capital Management, says if the world finally eliminates its Covid-19 restrictions and lockdowns in 2023, global oil demand could spike sharply.…
China Moves To Replace Dollars With Yuan In International Trade
Bloomberg is reporting that Chinese authorities have extended trading hours for the onshore yuan in an effort to promote the use of the national currency across borders, and boost yuan…
Tesla Moves Closer To A Recall Of The Autopilot System
Tesla vehicles have moved closer to a recall by the National Highway Traffic Safety Administration, after an investigation launched into Tesla vehicles which have crashed into parked emergency vehicles was…
China’s Covid Surge Impacting Supply Chains
CNBC is reporting that its Supply Chain Heat Map data shows that China’s surge in Covid-19 cases is now having a major impact on the completion of manufacturing orders. Logistic…
Swiss National Bank Reports Massive Losses – $143 Billion
On Monday, the Swiss National Bank announced it had posted the biggest annual loss it has posted since its founding 116 years ago, based on preliminary estimations. It attributed the…
