🌧️Floods in the Northeast threaten lives and destroy roads
Around 9 million people were under ...
Around 9 million people were under flood warnings yesterday, and some areas experienced once-in-a-millennium levels of rainfall as storms that began on Sunday pummeled the Northeastern US. New York’s Hudson Valley, where at least one person died in the storm, and Vermont, where flash flood risks were high and rain fell at a rate of 1.5 inches per hour, were hit especially hard. Thousands of flights were canceled and delayed, and major roads were damaged and even washed away.
Turkey to roll out the NATO welcome mat for Sweden at last
Turkey ...
Turkey agreed to give up its yearlong objection to the meatball-loving nation joining the military alliance yesterday, mere hours after saying it would only do so after Turkey is permitted to join the European Union (which...didn’t happen). Though there are still steps left before Sweden officially becomes a NATO member, with that issue largely resolved, the talk of today’s big NATO summit in Lithuania is likely to be about how to handle another country that’s eager to join: Ukraine.
Benchmark U.S. crudeoil for August delivery fell 87 cents to $72.99 a barrel Monday. Brent crudefor September delivery fell 78 cents to $77.69 a barrel.
Wholesale gasoline for August delivery fell 2 cents $2.57 a gallon. August heating oilfell 1 cent to $2.55 a gallon. August natural gasrose 9 cents to $2.67 per 1,000 cubic feet.
Berkshire Hathaway Boosting Stake in Cove Point LNG for $3.3B
Berkshire Hathaway Energy has agreed to purchase Dominion’s...
Berkshire Hathaway Energy has agreed to purchase Dominion’s 50% limited partnership stake in Cove Point LNG LP, an LNG export terminal complex in Lusby, Maryland.
When the deal closes, the acquired interest will be held by Berkshire Hathaway Energy subsidiary BHE GT&S, which currently serves as the general partner and operator of Cove Point.
The $3.3 billion deal will be funded with cash on hand,including cash realized from liquidating certain investments, Berkshire said.
Dow closes up over 200 points as stocks rally ahead of inflation data
U.S. stocks finished higher on Monday as investors look ahead...
U.S. stocks finished higher on Monday as investors look ahead to inflation data and corporate earnings later in the week.The Dow Jones Industrial Averagesnapped a four-day losing streak, gaining 211.37 points, or 0.6%, to 33,946.25, according to preliminary closing data from FactSet. The Nasdaq Composite lagged as mega-cap tech largely missed out on Monday’s gains. The tech-heavy index rose 24.77 points, or 0.2%, to 13,685.48. The S&P 500rose by 10.77 points, or 0.2%, to 4,409.72, with industrial stocks emerging as the index’s best-performing sector. Small-cap stocks also saw strong gains on Monday, with the Russell 2000 rising 27.56 points, or 1.5%, to 1,892.15.
