Biden’s closing argument: Higher energy prices

Biden’s closing argument: Higher energy prices

President Joe Biden at a rally Sunday night for Gov. Kathy Hochul (D., NY) at Sarah Lawrence College in Westchester County. Photo: Ron Adar/Zuma Press It’s midterm campaign season, and American voters are clearly upset about energy costs. So it is particularly odd that President Joe Biden, just before Election Day, is stressing his opposition … Read more

Best midterm election scenarios for stocks and sectors to play them, according to RBC

Best midterm election scenarios for stocks and sectors to play them, according to RBC

If the midterm elections go as Wall Street expects, stocks should rise through the end of the year, according to RBC. Voters go to the polls on Tuesday, and the consensus view is that Republicans will retake control of one or both chambers. “The conventional wisdom that the stock market likes political gridlock is supported … Read more

Stock futures rise to start busy week with intermediate futures, inflation data

Stock futures rise to start busy week with intermediate futures, inflation data

Stock futures rose ahead of a crowded week of corporate earnings, inflation data and midterm elections that could see a shift to Republican control of one or both houses of Congress. Futures tied to the S&P 500 rose 0.5% on Monday, while futures tied to the Dow Jones Industrial Average rose 0.5%. Contracts linked to … Read more

Taxation is a blunt instrument, says IATA chief Willie Walsh

Taxation is a blunt instrument, says IATA chief Willie Walsh

The aviation industry requires more carrot and less stick going forward to become more sustainable, according to the director general of the International Air Transport Association. Speaking at CNBC’s Sustainable Future Forum on Friday, Willie Walsh was asked whether subsidies and tax breaks to encourage investment in cleaner energy were more effective than companies or … Read more

Biden Embarrasses Joe Manchin – WSJ

Biden Embarrasses Joe Manchin – WSJ

President Joe Biden speaks in Carlsbad, California on November 4. Photo: Sandy Huffaker/Getty Images Occasionally, President Biden blurts out what he really means, even if it’s politically or diplomatically embarrassing. He did it again Friday when he said his administration will close coal plants across America. Even if true, his comment won’t help Democratic Senate … Read more

Frackers say oil production is slowing in the shale patch

Frackers say oil production is slowing in the shale patch

Despite a long streak of strong profits, shale companies are slowing their oilfield activity, keeping U.S. oil output roughly flat and offering little relief for tight global markets. What was expected to be a banner year for U.S. oil production has not materialized as creeping inflation-related costs, supply chain snarls and disappointing well performance for … Read more

How Climate Became the New Culture War Frontline – POLITICO

How Climate Became the New Culture War Frontline – POLITICO

Press play to listen to this article Delegates landing in Egypt’s Red Sea resort of Sharm El-Sheikh for UN climate talks this week are a global elite bent on tearing down national borders, stripping individual freedoms and condemning working people to a life of poverty. The dark view is held by a number of far-right … Read more

In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether

In bankrupt Lebanon, locals mine bitcoin and buy groceries with tether

Aerial view of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard about bitcoin in 2016, it sounded like a scam. But by 2019, as Lebanon plunged into a financial crisis following decades of expensive wars and bad spending decisions, a decentralized and borderless digital currency operating … Read more

UAE .. 5 decades of leadership in climate protection

UAE .. 5 decades of leadership in climate protection

Dina Mahmoud (Sharm El-Sheikh) “The world today is going through a critical phase in climate action that requires us to accelerate efforts and joint action. The negative consequences of climate change have begun to affect all countries and societies. In these short, eloquent and precise words, His Highness Sheikh Mohamed bin Zayed Al Nahyan, President … Read more

Ukraine limits power consumption as Russian strikes take a toll on the power grid

Ukraine limits power consumption as Russian strikes take a toll on the power grid

DNIPRO, Ukraine-Ukraine imposed widespread power restrictions in seven regions, including the capital Kyiv on Saturday, as weeks of Russian attacks targeting energy infrastructure take a toll on the grid. Ukrenergo, the operator of Ukraine’s electricity transmission system, said the temporary restrictions on all consumers in seven regions were necessary to reduce pressure on the network. … Read more