🔥As wildfires rage, Canada calls on Meta to lift news ban
Canadian leaders urged Meta to ...
Canadian leaders urged Meta to reverse its domestic news ban in the country because it’s hindering people from sharing important information about wildfires spreading across the Northwest Territories. In June, Meta began to block the sharing of news on Facebook and Instagram in the country after the Canadian government passed a law requiring tech companies like Meta to pay news publishers for articles shared on their platforms. In Yellowknife, a city of 20,000 people that was evacuated, people were reportedly posting screenshots of emergency intel to Facebook since they couldn’t share links.
U.S. stocks are poised for a slightly higher open on Monday,...
U.S. stocks are poised for a slightly higher open on Monday, ahead of Federal Reserve Chairman Jerome Powell’s highly anticipated remarks at the central bank’s annual conference in Jackson Hole, Wyo.
S&P 500 futures ES00, 0.35% rose 15 points, or 0.3% to 4397
Dow Jones Industrial Average futures YM00, 0.19% gained 79 points, or 0.2% to 34644
Nasdaq 100 futures NQ00, 0.58% rose 86 points, or 0.5% to 14830
A trimming of interest rates over the weekend by China’s central bank has underwhelmed the market, while the 10-year Treasury yield is up about 4 basis points to 4.29%, holding near 15-year highs.
ERCOT asks Texans to reduce electric use Sunday after thermal generation breakdown
Following the unexpected loss of thermal generation and due to...
Following the unexpected loss of thermal generation and due to extreme temperatures, ERCOT is asking Texans to reduce electricity use when it is safe to do so, according to a news release.
The agency, which manages Texas’ electric grid, is asking people to voluntarily conserve energy from 7 p.m. to 10 p.m. Sunday, according to the news release. ERCOT forecasts high demand and low reserves. ERCOT is also asking for all government agencies, including city and county buildings, to begin programs to reduce energy use at their facilities.
Anticipated winter demand and the threat of supply disruptions from potential strikes in Australia are...
Anticipated winter demand and the threat of supply disruptions from potential strikes in Australia are pushing up rental costs for liquefied natural gas tankers, with spot rates in the Pacific region crossing $100,000 per day for the first time since January, Spark Commodities data show. "There isn't a lot of new LNG coming to the market near-term, which means the market will stay tight," said Flex LNG CEO Oystein Kalleklev.
Nabors has completed a project to electrify Hess' four-unit drilling fleet in the...
Nabors has completed a project to electrify Hess' four-unit drilling fleet in the Bakken Shale that involved establishing a direct connection to the utility grid.
The conversion is projected to halve greenhouse gas emissions, cut energy costs by 70% and reduce downtime, noise and truck traffic at Hess' Bakken operations in the coming five years.
