OIL
- Finance
Brace for more shareholder fights after ‘major shift in power’ against oil giants
Shareholder battles that have rocked two of the world’s biggest oil companies are expected to spill over to other sectors,…
Read More » - ECONOMY
Shortage of Asia-Made Jute Bags Threatens Nigerian Cocoa Exports
(Bloomberg) — Nigerian cocoa exporters, which rely on imported jute bags to package their beans, are facing a shortage after…
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Engine No. 1’s Exxon Win Provides Boost for ESG Advocates
(Bloomberg) — The rejection of Exxon Mobil Corp.’s management team marks one of the most significant victories for shareholders who…
Read More » - Market
How To Buy (And Sell) Dividend Stocks For Fast 102% Returns
Sad senior woman sitting at table getty “I have no clue what to do,” said a friend recently over backyard…
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Biden to Direct $1 Billion for Severe Weather Preparedness
(Bloomberg) — President Joe Biden plans to announce on Monday a doubling of federal spending on preparations for severe weather…
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Bank CEOs Headed to Congress Due for Grilling Over Drop in Loans
(Bloomberg) — Wall Street banks spent the pandemic making record profits. Now Democratic lawmakers want them to explain why they…
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Arctic-Superpower Jostling Heats Up as Russia Takes on Key Role
(Bloomberg) — A battle of words between top Russian and U.S. diplomats this week is the latest sign of rising tensions…
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Grill Makers Are Ready for a Busy Summer of Maskless Backyard BBQs
(Bloomberg) — Americans caught the grilling industry by surprise during the first pandemic summer. With interest in barbecuing poised to…
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India Inc.’s Profits Won’t Survive Costs, Covid
(Bloomberg Opinion) — Lately, India has had very little to smile about. Something that Colgate-Palmolive Co.’s tepid growth in the…
Read More » - ECONOMY
Green-Fuel Push Stirs Food Inflation Fears in Rebound From Virus
Demand for vegetable oils is growing so fast that North America will go from being a surplus region to facing shortfalls…
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India to Spend $2 Billion More to Cap Nutrient Price for Farmers
(Bloomberg) — India increased its subsidy for di-ammonium phosphate to shield farmers in the country, where about of 60% people…
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Ford Hopes New Electric F-150 Pickup Will Boost EV Street Cred
(Bloomberg) — Linda Zhang, chief engineer of Ford Motor Co.’s new electric F-150 pickup, steers a 3-ton rig onto a…
Read More » - ECONOMY
U.S. Federal Reserve Meeting Minutes: April 28 (Text)
(Bloomberg) — Following are the minutes of the Federal Reserve‘s Open Market Committee meeting on April 28: A joint meeting…
Read More » - Health
Questions remain over future of Namibian oil discovery | DW | 17.05.2021
The rainy season transforms northeastern Namibia from brown and yellow bushland and trees into a green blanket. The D3425 road is…
Read More » - ECONOMY
The Fed Is Negotiating With Itself on Inflation
(Bloomberg Opinion) — If you’re worried about the recent surge in inflation, some reflection on the past decade might prove useful…
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Is the Fed Missing Anything on Inflation?
(Bloomberg Opinion) — Soaring copper, lumber and agricultural prices are boosting inflation in a way that exceeds what some economists…
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Jamie Dimon Sets Off a Darwinian Succession Race
But the head-to-head competition between two of Dimon’s deputies to succeed him may not be the seamless horse race for…
Read More » - Health
Newsom allocates $200 million for oil and gas well remediation
Environmental activists applauded Gov. Gavin Newsom’s move Friday to earmark $200 million for remediating idle oil and gas wells across…
Read More » - ECONOMY
Rare Middle East Push for Women on Boards Runs Into Culture Wall
(Bloomberg) — Getting more women on corporate boards in the United Arab Emirates was never going to be easy, and…
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The World Economy Is Suddenly Running Low on Everything
(Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today,…
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Inflation Angst Turns TIPS Into Must-Watch $1.6 Trillion Market
(Bloomberg) — The U.S. is about to sell 10-year inflation-linked debt next week, keeping the spotlight on a corner of…
Read More » - ECONOMY
The Biggest Ideas in Farming Today Are Also the Oldest
(Bloomberg Opinion) — Earth’s soil can sequester vast amounts of carbon — I’ve known this for years. But it wasn’t…
Read More » - ECONOMY
Colonial Pipeline Has Been a Lucrative Cash Cow for Many Years
(Bloomberg) — The U.S. company that just paid a $5 million ransom to East European hackers has been quietly making…
Read More » - ECONOMY
Colonial Pipeline Paid the Ransom. Bad Move.
Atlanta got hit in 2018 when hackers asked for $51,000 in Bitcoin to revive municipal computers crippled as part of…
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Paying Cyber Ransoms Sets a Bad Precedent But Happens Often
The logic against paying ransom is simple: It makes the crime less profitable and discourages would-be hackers from joining in.…
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Hurricane Risks Remain High in Atlantic Even as La Nina Fades
(Bloomberg) — La Nina and its hold over global weather patterns has faded, but there’s little hope this will blunt…
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Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom
(Bloomberg) — Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week…
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How Wind and Solar Power Got the Best of the Pandemic
Global recessions, wars, and (yes) pandemics have a way of driving down energy demand. Last year, the International Energy Agency…
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How to Make Sense of the Surprising Inflation Signals
(Bloomberg Businessweek) — We’ve been told for years that inflation has been too low. Now that it’s finally reached and…
Read More » - Market
U.S. retail gas prices top $3 a gallon for the first time in over 6 years
U.S. gasoline prices topped $3 a gallon on Wednesday for the first time in about six-and-a-half years — and it…
Read More » - ECONOMY
DarkSide Hackers Mint Money With Ransomware Franchise
“These guys provide the marketing, the people who handle customer success, as well as the actual ransomware,” said Mark Arena,…
Read More » - ECONOMY
‘Transition Washing’ Is the Newest Sustainability Dodge
At the end of last year, debt market participants were predicting 2021 would be the year of the transition bond.…
Read More » - ECONOMY
Gas Flowing 5 MPH Will Take Two Weeks to Reach New York Once Pipeline Is Reopened
(Bloomberg) — Once Colonial Pipeline’s sprawling system is back in full operation, it will take nearly 15 days to move…
Read More » - Market
Gas prices are ticking up after the Colonial Pipeline ransomware attack — here’s where drivers will be most affected
Just ahead of Memorial Day weekend — a time when families may be itching to get out and greet summer…
Read More » - ECONOMY
Inflation Strikes Again. These Investors Are Looking Past It.
(Bloomberg) — The specter of inflation is driving some investors out of pricier parts of the stock market, yet many…
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Hackers Find Easy Prey as U.S. Ignores One Warning After Another
(Bloomberg) — The ransomware attack that shut down the nation’s biggest fuel pipeline prompted an all-too familiar question in the…
Read More » - Market
Here’s what the Colonial Pipeline cyberattack means for energy markets
The operator of the largest fuel pipeline system in the U.S. is aiming to “substantially” restore operational service by the…
Read More » - ECONOMY
Pipeline Hack Exposes Brutal Vise of Cyber-Era Extortion Schemes
(Bloomberg) — The attack that hit Colonial Pipeline last week is a novel form of cybercrime that puts normally staid…
Read More » - Market
20 cybersecurity stocks Wall Street believes can rise up to 79% over the next year
Cybersecurity is more critical than ever, especially in a world already reeling from supply disruptions and bottlenecks caused by the…
Read More » - Market
This is the ‘greatest threat’ to Big Tech’s S&P 500 dominance, Goldman says
U.S. stocks are off to a mixed start this week, after the Dow Jones Industrial Average DJIA, +0.84% and S&P…
Read More » - ECONOMY
Biden Has Emergency Powers to Counter Fuel Disruption
(Bloomberg) — A cyberattack on the nation’s biggest fuel pipeline system has threatened to disrupt the supply of gasoline, jet…
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Colonial Is Just the Latest Energy Asset Hit by Cyber-Attacks
(Bloomberg) — A cyber-attack has never taken down a U.S. fuel pipeline quite as big as the Colonial Pipeline. It’s…
Read More » - ECONOMY
How an Oil Company Becomes a Renewables Company
Last week a raft of oil majors released their first-quarter results, with companies like Royal Dutch Shell Plc showing a return…
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U.S. and Russia Are on a Collision Course in the Black Sea
(Bloomberg Opinion) — Ukrainians breathed a collective sigh of relief last month when Russian President Vladimir Putin said he would…
Read More » - ECONOMY
Corn’s Hot Summers Tend Not to Last
(Bloomberg Opinion) — It’s going to be a good summer for corn farmers. Speculators best hope it’s a very dry…
Read More » - ECONOMY
Inflation Risk Intensifies With Supply Shortages Multiplying
(Bloomberg) — Signs of inflation are picking up, with a mounting number of consumer-facing companies warning in recent days that…
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Commodities Jump to Highest Since 2011 on Rebound From Virus
(Bloomberg) — Commodities jumped to their highest in almost a decade as a rebound in the world’s largest economies stokes…
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India Covid Cases Slow; Singapore Sees Flareup: Virus Update
Prime Minister Narendra Modi has lost a crucial election as India’s Covid crisis deepens, with an official in his Bharatiya…
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Transcript: Stinson Dean On The Soaring Price Of Lumber
It was not a great business to be in. We were just flooded with lumber partially because we were over…
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Covid Boost for Global Car Sales to Spark a Surge in Oil Demand
(Bloomberg) — It’s starting to feel as commonplace as handwashing: To protect against Covid, people across the globe are skipping…
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