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American utilities are facing the highest natural-gas prices in a decade as they build stockpiles for winter. The reason: Exporters are sending more gas than ever to countries starved for the fuel.
Pipelines to Mexico and Canada and tankers traveling to Europe and Asia have moved record amounts of U.S. gas out of the country this year as parts of the world fall short of supplies.The pinch shows a growing tension between exporters and buyers who have enjoyed cheap gas for more than a decade.
The reduced flexibility of supply could make prices volatile if heating demand comes in strong this winter, analysts said.
Robinhood Markets Inc. said Monday that an intruder gained access to its systems last week and made off with the personal information of millions of its users. Email addresses for about seven million Robinhood users were exposed, as were the full names of a different group of about two million users. The intruder accessed more-extensive personal information for a subset of more than 300 users. No Social Security numbers, bank-account numbers or debit-card numbers were exposed, and customers haven’t experienced any financial losses, Robinhood said in the blog post.
U.S Treasury secretary Janet Yellen said that U.S’s three-decade inflation high was the result of the Covid-19, and it can be controlled only if the pandemic is controlled. Yellen said if the U.S manages to control the pandemic soon, consumer prices could return to normal levels “sometime in the second half of next year”.
U.S. inflation hit a three-decade high in October, delivering widespread and sizable price increases to households for everything from groceries to cars due to persistent supply shortages and strong consumer demand.
Robotics orders by North American companies are on track for their biggest year, according to an industry group.
Total robotics sales for the first nine months of the year were $1.48 billion, topping a previous record of $1.47 billion set over the same period in 2017, according to the Association for Advancing Automation, or A3. Sales rose from $1.09 billion in the first nine months of last year.
A second firm has halted the launch of a bitcoin futures exchange-traded fund, calling the products too costly for many investors. Bitwise Asset Management late Wednesday withdrew its proposal to roll out a bitcoin ETF this month, the company said in a regulatory filing. … “This is the right decision for investors.”
Bitwise Asset Management late Wednesday withdrew its proposal to roll out a bitcoin ETF this month, the company said in a regulatory filing. Matt Hougan, Bitwise’s chief investment officer, said the fund would have faced a number of fees and added expenses tied to rolling futures contracts from one month to the next, as well as supply problems within the futures market itself.
J&J shares rose roughly 3% in the premarket after the health-care giant announced Friday it’s splitting into two publicly traded companies: one focused on consumer products, such as Band-Aid bandages and baby powder, and the other focused on medical devices and pharmaceuticals, including its Covid vaccine. Johnson & Johnson was already undergoing a major transition, as CEO Alex Gorsky has previously announced that he will step down in January. Joaquin Duato, who was tapped as Gorsky’s successor, will lead the new J&J following the separation of the consumer unit.
Tesla CEO Elon Musk’s trust sold 639,737 shares in the electric vehicle company on Thursday totaling about $687 million, according to regulatory filings made public Friday.
Shares of the company closed down almost 3% Friday and more than 15% week to date.
The news comes days after Musk and his trust sold roughly $5 billion worth of the stock.