The law was quite clear in its intentions: “It is the intent of the General Assembly that Illinois should lead the nation in the production of electric vehicles. There have been manufacturing issues, skyrocketing material costs and supply-chain problems. Pritzker Read more…
Agriculture commodities have seen sharper price gains than livestock commodities with increases in the GSCI Agriculture Index of 21% over the last year and 90% since early 2020 (Exhibit 1, RHS). War-related supply disruptions have contributed to the rise in Read more…
There are two basic mechanisms that have created a concentrated and brittle market. Abbott shares rose 2.4% to $122.90 in morning trade as some analysts said the comments during the conference call allayed worries over the recall. The problem, of Read more…
Granted today's relief rally means that we narrowly avoided the worst week for stocks since Jan 21, but it was touch and go there for a while there with the S&P yesterday literally tagging a 20% bear market drop when Read more…
I won't use the deal as an excuse to avoid making important decisions for the health of the company, nor will any leader at Twitter. Still committed to acquisition – Elon Musk (@elonmusk) May 13, 2022 Twitter shares trading in Read more…
Superyacht Owned By Russian Billionaire 'Goes Dark' In Caribbean A superyacht owned by Russia's second-richest citizen, whose oil/gas company has been a target of Western sanctions, has gone dark in the Caribbean. According to Bloomberg data, the 85-meter (279 feet) long Pacific, owned Read more…
Unleaded gasoline also hit a record $4.418 per gallon. Catsimatidis said he doesn't expect the 350 stations United Refining operates to be low on gasoline; it will just be very expensive. “Drivers will pay the highest gasoline prices ever paid Read more…
Total social financing RMB 910bn in April, badly missing consensus growth of RMB 2200bn; Total social financing (TSF) was well below expectations after a strong acceleration in March. M2: 10.5% yoy in April vs. April data are thus not strictly Read more…
Zelensky Urges Direct Talks With Putin Before War Spirals Outside Borders Authored by Jake Johnson via Common Dreams, Ukrainian President Volodymyr Zelenskyy said Thursday that he is prepared to hold direct talks with his Russian counterpart Vladimir Putin amid mounting fears Read more…
It's calling the stoppage unprecedented. The Finnish electricity network operator said it has contingency plans in place: “We're prepared for this and it won't be difficult. While the stoppage is not directly due to Finland's stated intent to apply for Read more…