U.S. stock futures rise ahead of last trading week of 2022
U.S. stock futures rose Monday night, ahead of the final trading...
U.S. stock futures rose Monday night, ahead of the final trading week of 2022.
Dow Jones Industrial Average futures YM00, 0.55% gained nearly 200 points, or 0.6%, as of 9:45 p.m. Eastern. S&P 500 futures ES00, 0.71% and Nasdaq-100 futures NQ00, 0.89% were also logging solid gains, indicating positive market moves when regular trading resumes Tuesday from the three-day Christmas holiday.
Oil Rises as China Loosens Travel Rules, US Battles Winter Freeze
Oil rose as China took more steps toward unwinding its strict Covid Zero policy that has battered its...
Oil rose as China took more steps toward unwinding its strict Covid Zero policy that has battered its economy, and freezing weather across the US prompted refinery closures in the key Texas Gulf Coast area.
West Texas Intermediate prices climbed as much as 1.1% in early Asian trade.China will no longer subject inbound travelers to quarantine from early January, putting the country on track to emerge from three years of self-imposed global isolation. More than a third of Texas Gulf Coast refining capacity shut over the past few days, including the two largest plants in the US — Motiva Port Arthur and Marathon Galveston Bay — to stop producing gasoline and diesel. More than 1.8 million barrels a day of refining capabilities have been sidelined.
Huge U.S. Winter Storm Threatens To Tighten LNG Market
The gigantic deadly winter storm sweeping through the United...
The gigantic deadly winter storm sweeping through the United States could disrupt global supply from one of the top liquefied natural gas (LNG) exporters, tightening a market that’s seen wild swings in prices this year.
The Arctic blast in the United States cut off the power supply to millions of households and disrupted Christmas travel plans for millions more as thousands of flights were canceled. Just ahead of the Christmas holiday weekend, almost 250 million U.S. and Canadian residents were affected by the storm in one way or another, and at least 19 deaths were connected to the icy blast and the severe winter conditions.
While the Texas power grid managed to avoid catastrophic failures during the storm, shipping agencies warn there could be a disruption of navigation on waterways servicing the biggest LNG export terminal at Sabine Pass.
Washington burglars take out three power substations on Christmas
Burglars in ...
Burglars in Tacoma, Washington, vandalized three power stations on Christmas morning, leaving about 14,000 customers without electricity, according to police. All three burglaries remain under investigation, and suspects have not been apprehended.
When deputies arrived, a statement from the department read, they saw evidence that a fenced area was broken into. While nothing was taken from the substation, police said the equipment was vandalized, causing a power outage in the area.
The website poweroutage.us reported just before 7 p.m. on Sunday that only 2,084 Tacoma Public Utilities customers and 1,365 Puget Sound Energy customers were without power.
🌨️Deadly blizzard, deemed worst in 45 years, paralyzes greater Buffalo, N.Y
Road and utility crews faced the task on Monday of digging out and restoring some normalcy around Buffalo,...
Road and utility crews faced the task on Monday of digging out and restoring some normalcy around Buffalo, New York, where a blizzard considered the area's worst in 45 years buried snow plows, stranded motorists in cars and killed at least 13 people.
The lethal blizzard took form late on Friday and pummeled western New York through the Christmas holiday weekend, capping an Arctic freeze and winter storm front that had extended over most of the United States for days, as far south as the Mexican border.
At least 30 people have died in U.S. weather-related incidents since late last week, according to an NBC News tally, while CNN put the total number of fatalities at 26.
