The AI-driven surge in electricity demand is pushing...
The AI-driven surge in electricity demand is pushing US utilities and tech companies to double down on natural gas infrastructure. Enverus expects 46 gigawatts of new gas-fired capacity to come online in the next five years, surpassing the past five years' 39 gigawatts. Gas will remain the preferred energy solution in the short term due to its reliability, affordability and speed of deployment, according to Rob Jennings of the American Petroleum Institute.
The jobs report is out Friday and expected to show a ...
The jobs report is out Friday and expected to show a slight bump in hiring, and unemployment holding steady at 4%. Earnings reports from multiple retailers, including Target tomorrow and Costco on Thursday, will also offer insight into how Americans are spending with consumer confidence on the decline.
Tariffs against Canada, Mexico, and China set to begin tomorrow
Barring a last-minute change of heart, the US will ...
Barring a last-minute change of heart, the US will impose 25% tariffs on most imports from its North American neighbors but a smaller 10% tariff on energy products from Canada. Universal tariffs on imports from China will increase another 10% on top of the existing 10% surcharge. Trump said on Thursday that illicit drugs are still coming into the US and the additional taxes will force these countries to crack down on the trafficking.
Donald Trump will address Congress tomorrow night: While...
Donald Trump will address Congress tomorrow night: While it sounds like a State of the Union, it won’t officially be considered one because Trump has only been back in office a short time, and the SOTU is reserved as an annual check-in during a presidency. As for what Trump may discuss, NPR expects him to “revel in his shakeup of Washington” and lay out plans for the next year. The AP believes Trump won’t sound anything like he did in a similar address in 2017 when he declared support for NATO and called for the government to do more for civil rights.
Mardi Gras is on Tuesday, followed by Ash Wednesday.
Hulu streamed the Academy Awards for the first time last night but metaphorically face-planted on the red carpet. Downdetector reported tens of thousands of people unable to access the livestream within the broadcast’s first hour, and the Hulu feed shut down abruptly before the final two awards were announced.
Chipotle CEO Scott Boatwright said the Mexican grill chain would absorb any additional costs that stem from tariffs.
Pope Francis was stable and off mechanical ventilation as of Monday morning. He released a written address on Sunday that said blessing is “hidden within frailty” because his condition allows him to understand the suffering of others.
Polymarket, a predictions market that lets users wager on eyebrow-raising hypotheticals, had taken in almost $600,000 in wagers on the question of “New Pope in 2025?” as of last night, sparking outrage in some corners.
Oil prices post a loss in February as U.S.-Ukraine tensions feed uncertainty
Oil futures declined on Friday, with worries about...
Oil futures declined on Friday, with worries about the global economic outlook and rising trade tensions from the Trump administration’s tariff plans prompting U.S. and global benchmark prices to post their biggest monthly losses since September.
Prices on Friday then finished off at the session’s lowest levels after a tense meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky dashed hopes for a Ukraine-Russia peace deal that might have eventually led to an end to sanctions on Russia’s oil sector.
West Texas Intermediate crude for April delivery fell 59 cents, or 0.8%, to settle at $69.76 a barrel on the New York Mercantile Exchange. Based on the front month, prices lost 0.9% for the week and ended 3.8% lower for the month, according to Dow Jones Market Data.
April Brent crude the global benchmark,declined by 86 cents,or 1.2%, at $73.18 a barrel on ICE Futures Europe, to lose 1.7% for the week and 4.7% for the month. The May contract which is now the front month, fell 76 cents, or 1%, to $72.81 a barrel.
March gasoline lost 1.3% to $1.9703 a gallon, down nearly 3.3% for the month, and March heating oilfell1.7% to $2.3549 a gallon, ending down 5.2% for the month. The March contracts expired at the session’s end.
Natural gas for April delivery settled at $3.834 per million British thermal units, down 2.5% Friday, with prices finishing 26% higher for the month.
