Economy

“Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs”

“Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters… Musk’s gloomy outlook echoes recent comments… Continue Reading…

Energy

“Russia is about to cut off Finland’s natural gas”

“Russia is about to cut off natural gas supplies to a third European country that refuses to accept the Kremlin’s demand for payment in rubles.Russian gas will stop flowing to Finland at 7 a.m. local time on Saturday, Finnish state gas company… Continue Reading…

Economy

“Newsom urged Californians to cut water use by 15%. In February they saved less than 1%

“Total water usage in California cities and towns decreased by just half a percent in February compared with the same month in 2020, a far cry from Gov. Gavin Newsom’s goal of reducing urban water use by 15%… Newsom in… Continue Reading…

Energy

“Putin tells Europe: Pay in roubles or we’ll cut off your gas”

“Russian President Vladimir Putin is demanding foreign buyers pay for Russian gas in roubles from Friday or else have their supplies cut, a move European capitals rejected and which Germany said amounted to “blackmail”. Putin’s decree on Thursday leaves Europe… Continue Reading…

Energy

“U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices”

“The White House on Thursday announced that the U.S. will release 1 million barrels of oil per day from strategic reserves to help cut gas prices and fight inflation across the country…” https://www.cnbc.com/2022/03/31/us-to-release-1-million-barrels-of-oil-per-day-from-reserves-to-help-cut-gas-prices.html This is bad. If all emergency supplies… Continue Reading…

Economy, Energy

“Russia warns of $300 oil, threatens to cut off European gas if West bans energy imports”

“Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if the West goes ahead with a ban on its energy exports. “It is absolutely clear that a rejection of Russian oil would… Continue Reading…

Stocks

“Is Exxon Stock A Buy While Dividend Holds Steady Amid Steep Cuts?”

“On Oct. 30, Exxon reported a loss of 18 cents per share in Q3 vs. a profit of 68 cents per share in the year-ago quarter. Wall Street was expecting a loss of 28 cents per share. Revenue fell 29% to… Continue Reading…

Business, Stocks

“These companies are returning more money to shareholders after cutting jobs”

“Here’s a list of companies that have laid off employees or permanently cut jobs… and plan to return more cash to shareholders: Accenture: The consulting firm said in late August it would lay off about 25,000 global employees, or about 5%… Continue Reading…

Stocks

“Dow rallies more than 300 points on Friday as tech shares bounce, cutting losses for the week”

“U.S. stocks rose on Friday, recovering some of their losses for the week, as tech shares clawed back some of their big September declines. The Dow Jones Industrial Average closed 358.52 points higher, or 1.3%, at 27,173.96. The S&P 500 climbed 1.6% to 3,298.46. The Nasdaq… Continue Reading…

Business

“Kraft Heinz looks to revamp Oscar Mayer brand, cut 20% of products, as it rethinks business”

“Shares of Kraft Heinz were up 1% in afternoon trading after the company presented its long-term turnaround plan to investors. As its blueprint is implemented, the company is projecting long-term organic sales growth of 1% to 2% and adjusted earnings per… Continue Reading…