Concerns about a recession and a drop in energy demand led to a drop in U.S. benchmark West Texas Intermediate crude-oil prices below the $100-a-barrel mark on Tuesday for the first time in months. Th...
Tag: Supplies
Xerox CEO Visentin Has Died. What It Means for the Company.
Text size John Visentin. Courtesy Xerox Xerox Holdings shares are in the spotlight as investors respond to news that CEO and Vice Chairman John Visentin has died unexpectedly at age 59, a development ...
U.S. Auto Sales Forecast Gets Another Haircut, Mostly Due To Low Supplies
Forecasters trim expectations for improvement in U.S. auto sales this year. Low inventory is mostly … [+] to blame. Portland Press Herald via Getty Images Cox Automotive cut its 2022 U.S. auto s...
China swoops on cheap Russian oil as Western supplies dry up
Russia China oil sanctions – AP Russia has overtaken Saudi Arabia as China’s biggest oil provider as Beijing seeks to take advantage of the crisis by snapping up cheaper supplies. China’s crude ...
Germany Is Taking Steps to Bolster Gas Supplies, Habeck Says
(Bloomberg) — Most Read from Bloomberg The German government will step up efforts to bolster gas storage levels after Russia reduced flows in a move Economy Minister Robert Habeck said was inten...
UK firm signs deal to bolster gas supplies as war in Ukraine continues
Russia is a significant supplier of oil and gas. A number of major economies have formulated plans to reduce their reliance on Russian hydrocarbons following its invasion of Ukraine. Sean Gladwell | M...
Ford’s US sales decline narrows in May amid tight supplies
The Mustang Mach-E is Ford’s first new all-electric vehicle under an $11 billion investment plan in electrified vehicles through 2022. Michael Wayland / CNBC Ford Motor said Thursday that its U....
Stablecoin supplies drop $30 billion in a month marking the steepest fall in history
After sending ripples across the cryptocurrency market, the collapse of Terraform Labs’ native token Terra (LUNA) and its stablecoin TerraUSD (UST) has also made its impact felt throughout the stablec...
Gas Wars Deepen as Russia Curbs Supplies to More European Buyers
(Bloomberg) — Russia cut off the gas to more European buyers, stepping up its use of energy as a weapon and sowing further division in Europe. Most Read from Bloomberg Gazprom PJSC halted pipeli...
Russia Prepares To Cut Gas Supplies To Finland Days After NATO Application
Topline Finland will be cut off from Russian gas after it refused demands to pay in rubles, Finnish state-owned firm Gasum said on Friday, just days after the Nordic country formally set aside decades...
During The Crypto Migration Stablecoin Supplies As Well As Cash Reserves Are Under Jeopardy
Financial backers are tracking down a place of refuge in USDC, as per CoinGecko information. Between May 3 and Tuesday, the USDC market capitalization increased by 6.3 percent, representing $3.1 billi...
Stablecoin supplies and cash reserves in question amid crypto exodus
Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT), resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion. The...
Russia Curbs Gas Supplies to Germany in Warning for Europe
(Bloomberg) — Germany said Russia is using energy as a “weapon” after Moscow reduced natural gas supplies in retaliation for Europe’s penalties over the war in Ukraine. Most Read from Bloomberg ...
Southeast Europe’s Search For Natural Gas Supplies
Late last month Moscow stopped gas exports to two “unfriendly countries” that refused to be bullied into paying with rubles: Bulgaria and Poland. The Balkans are now looking for alternative suppliers....
Bausch + Lomb, Year’s Second-Biggest IPO, Pops in Public Debut
Text size Bausch + Lomb’s IPO is the second-biggest so far this year. Scott Olson/Getty Images Eye-care company Bausch + Lomb and biotech PepGen kicked off their lives as public companies Friday...
Supply-Chain Snags Create Shortages Of Life-Saving Medical Supplies In U.S.
An unprecedented strain on American healthcare systems is expected to worsen. Lori Lee spends a lot of time trying to keep Connecticut’s largest health system stocked with medical supplies from IV lin...
Wheat supplies may retract 10-50% hinting at an upcoming global food shortage
Even more food shortages may be on the way as a result of the recent heatwaves in India destroying wheat yields. India was supposed to increase its exports to offset the shortfalls caused by Russia’s ...
Gazprom Cuts Gas Supplies To Poland And Bulgaria
Topline Russian energy giant Gazprom halted gas supplies to Poland and Bulgaria over their failure to pay for gas in rubles, the state-owned company announced on Wednesday, as the Kremlin retaliates a...
Poland and Bulgaria braced for halt to Russian gas supplies
Russia is to halt the flow of gas to Poland and Bulgaria from Wednesday, according to authorities in both EU nations, as Moscow steps up its efforts to weaponise energy supplies over the invasion of U...
Poland and Bulgaria say Russia suspending natgas supplies over rubles
Officials in Poland and Bulgaria say Russia is suspending their countries’ natural gas deliveries starting on Wednesday. The governments of the two European countries said Tuesday that Russian energy ...
Volunteer State Leads Rapid Response Efforts For Ukrainian Requested Medical Supplies
We have watched the tragedy in Ukraine unfold with a continual stream of shocking live video footage. Many of us seeing the struggle on our screens have been left wondering how something like this cou...
Crude oil price outlook: demand concerns is no match for tight supplies
Crude oil price is on a rebound after dropping to a two-week low on Monday. Tight supplies have continued to buoy the market. Even so, demand concerns are weighing on prices. crude oil price Fundament...
Warren Buffett’s Berkshire Hathaway Takes 11% Stake in HP
Text size Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc. Berkshire Hathaway has accumulated an 11.4% stake worth $4.2 billion in HP Inc. , the maker of personal computers and printers, ...
Tesla Dodges Nickel Crisis With Secret Deal to Get Supplies
(Bloomberg) — The invasion of Ukraine has added to agita among electric-vehicle makers over the supply of nickel, a critical ingredient in EV batteries, since Russia is one of the world’s bigges...
California slashes supplies to water agencies amid record drought
A cracked lake bed at Nicasio Reservoir during a drought in Nicasio, California, on Wednesday, Oct. 13, 2021. David Paul Morris | Bloomberg | Getty Images California water officials on Friday said the...
15 stocks that have fallen at least 33% but by these measures are still standouts in their sectors
During a year in which more than half of the stocks in the S&P 500 Index have declined 10% or more, you have probably seen the term “oversold” being bandied about. But what does oversold really me...