Stocks close shortened Black Friday trading mostly lower, but the Dow did gain
U.S. stocks finished mixed on Friday with the Dow notching its...
U.S. stocks finished mixed on Friday with the Dow notching its highest close since April 21, while the S&P 500 index finished marginally lower, but held above the key 4,000 level.
Meanwhile, the Nasdaq Composite finished lower following back-to-back gains. All three major U.S. benchmarks finished the week with modest gains.
The S&P 500SPX finished down 1.1 points, or less than 0.1%, at 4,026.12.
The Dow Jones Industrial AverageDJIA closed 152.97 points, or 0.5%, higher at 34,347.03.
The Nasdaq CompositeCOMP shed 58.96 points, or 0.5%, to 11,226.36.
One of Russia’s biggest tech giants wants out of the country. Amid the ongoing invasion...
One of Russia’s biggest tech giants wants out of the country. Amid the ongoing invasion of Ukraine, Yandex — often referred to as Russia's Google — is looking to cut ties with the country, according to the New York Times. The exit could deliver a massive blow to Vladimir Putin. Read more here.
Biden Quietly Approved 2 Million Bpd Texas Oil Terminal
Despite its clear anti-oil stance, the Biden administration has just approved a new oil export...
Despite its clear anti-oil stance, the Biden administration has just approved a new oil export terminal for the Texas Gulf Coast, which will become the country’s biggest piece of oil export infrastructure.
While the new terminal will add some 2 million barrels per day of new export capacity, the news failed to garner much public attention and the project was green-lighted very quietly, according to the Texas Tribune.
Ghana plans to buy oil with gold instead of U.S. dollars
Ghana's government is working on a new policy to buy oil products...
Ghana's government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Thursday.
The move is meant to tackle dwindling foreign currency reserves coupled with the demand for dollars by oil importers, which is weakening the local cedi and increasing living costs.
The proposed policy is uncommon. While countries sometimes trade oil for other goods or commodities, such deals typically involve an oil-producing nation receiving non-oil goods rather than the opposite
EQT, Shell Leaders Warn of Urgently Needed Permit Reform
This year, the idealistic goals of the energy transition squared off with the brute-force reality of...
This year, the idealistic goals of the energy transition squared off with the brute-force reality of geopolitics. And as author Robert A. Heinlein might have put it, 'reality is a harsh mistress'.
Whether the Russian-Ukraine war hastens the energy transition or prompts a shift toward energy security, the clear winner of the 2022 global energy crisis has been coal.
At a November energy conference hosted by the Federal Reserve Banks of Dallas and Kansas City, Toby Rice, president and CEO of EQT Corp., said that in the past 12 months, the use of foreign coal has skyrocketed and “wiped out 15 years of solar and wind investments here in the United States.”
