Monthly Archives: November 2022

Russia’s Gazprom saw gas exports fall 11.5% in October as EU gas storage nears full capacity amid mild weather

Reuters Russia’s Gazprom saw gas exports fall 11.5% in October as the EU gas storage nears full capacity. The bloc has been scrambling to find alternative supplies after Russia shut down the Nord Stream 1 gas pipeline. But even full storage may not be enough to prevent blackouts, especially if the weather turns abnormally cold….

Alibaba and other US-listed Chinese stocks jump following speculation Beijing is exploring an exit from its zero-COVID policy

A man inspects products at a supermarket in Beijing, China, on May 12, 2022. Fred Lee/Getty Images US-listed shares of Chinese companies jumped Tuesday after speculation the government could end its zero-COVID policy.  Alibaba, Nio, and Baidu shares were among the gainers.  A Chinese official reportedly said he was unaware of the speculation.  Alibaba and…

US stocks jump as investors look to continue October rally ahead of key Fed policy decision

Traders work on the New York Stock Exchange floor in New York City. AP Photo/Ted Shaffrey US stocks advanced Tuesday with investors aiming to build on a strong October performance.  US stocks rose Tuesday as November trade got underway.  Investors were working on building on October’s record performance.  Uber and China were in focus during…

Gold is in its worse slump since 1869 as inflation-adjusted yields turn sharply positive, says Deutsche Bank

Getty Images Gold prices are down for seven consecutive months, the longest decline since 1869, according to Deutsche Bank.  Bullion slumped 1.6% in October and is down 11% from the start of the year.  The fall in gold prices is happening as real bond yields have turned sharply higher. Gold prices fell 1.6% in October…

One of Twitter’s top execs quit the day after tweeting that she had a ‘great discussion’ with Elon Musk about the company’s future

Roy Rochlin/Getty Images for Advertising Week New York; Carina Johansen/Getty Images Twitter’s CCO said she quit her job just hours after Elon Musk completed his $44 billion takeover. Her access to company accounts was cut off around 72 hours later, she said. On Thursday, Personette tweeted that she’d had a “great discussion” with Musk. She…

Chief Justice John Roberts temporarily pauses lower court ruling ordering Trump to turn his taxes over to Congress

Former President Donald Trump. José Luis Villegas/AP Chief Justice John Roberts issued a temporary stay on a lower court ruling ordering Trump to turn his taxes over to Congress. Roberts’ order is not a final ruling but places a temporary hold on the federal appeals court’s order. The Supreme Court will now weigh Trump’s request…

A pair of iPhone factory workers in China walked 25 miles to escape severe COVID restrictions at Foxconn’s giant compound

Foxconn’s 200,000-person compound is under strict access control. Ah Chi/ Feature China/Future Publishing via Getty Images Two workers at the world’s largest iPhone factory walked 25 miles to get home after breaking lockdown. Bloomberg reported the story of Dong Wanwan and her brother, who left the factory amid strict COVID controls. Foxconn’s Zhengzhou facility is…

Former Proud Boys member was hired to work at Miami polling station until it surfaced he is awaiting trial for Jan. 6, report says

* Members of the Proud Boys rally in New York City on November 20, 2021. Stephanie Keith/Getty Images A former Proud Boys member was approved as a Miami poll worker, reports say. Gabriel Garcia was then dismissed after it came out he was charged over the Capitol riot. Two other former members were hired, and…

Here’s how waiving a century-old law can help fix America’s diesel crisis

US antique ship, stock photo ilbusca/Getty Images The Energy Information Administration has warned that US diesel fuel reserves are dwindling rapidly. The Jones Act, which is more than a century old, prevents foreign vessels from transporting goods between two US ports.  Waiving the Jones Act could provide relief to the US fuel crisis, a top…