Lumber dropped to a new low for 2022 as homebuilder sentiment slips for the 12th month in a row. The...
Lumber dropped to a new low for 2022 as homebuilder sentiment slips for the 12th month in a row. The critical building commodity is now down 68% year-to-date, and is off 79% from its record high reached in May 2021. "NAHB is expecting weaker housing conditions to persist in 2023 and we forecast a recovery coming in 2024," economist Robert Dietz said.
Benchmark U.S. crude oilfor January delivery rose 90 cents to $75.19 a barrel Monday. Brent crude for February delivery rose 76 cents to $79.80 a barrel.
Wholesale gasolinefor January delivery rose 5 cents to $2.18 a gallon. January heating oilfell 7 cents to $3.05 a gallon. January natural gas fell 75 cents to $5.85 per 1,000 cubic feet.
Between 18% and 22% of North Dakota's oil production was knocked offline Friday by a winter storm that...
Between 18% and 22% of North Dakota's oil production was knocked offline Friday by a winter storm that clobbered the northern US, but oil volumes were expected to make a swift recovery as conditions improve, said state Pipeline Authority Director Justin Kringstad. Drilling and completion activity was also expected to remain subdued for a few days.
Not all carbon emissions offsets are created equally, and in a world where accusations of greenwashing...
Not all carbon emissions offsets are created equally, and in a world where accusations of greenwashing abound, how can executives ensure they are offsetting their organization's emissions in a transparent and responsible way? Blake Lawrence from Cool Effect outlines five questions organizations should ask before buying carbon emission offsets.
U.S. stocks finish lower, extending last week's losses
U.S. stocks ended down Monday, with the technology-heavy Nasdaq...
U.S. stocks ended down Monday, with the technology-heavy Nasdaq Composite falling sharply, deepening last week's losses as concerns over an economic slowdown persisted. The Dow Jones Industrial Average DJIA closed 0.5% lower, while the S&P 500 SPX dropped 0.9% and the Nasdaq Composite COMP sank 1.5%, according to preliminary data from FactSet. All three major benchmarks fell last week amid recession fears, booking back-to-back weekly declines for the first time since September. On Monday, the National Association of Home Builders said its monthly confidence index fell in December for a 12th straight month, dragged down by high mortgage rates and inflation.
