“The average middle-aged man of today will live to see the virtual exhaustion of the world’s supply of oil from wells.”
That quote was written in 1921 by a former president of the Colorado School of Mines – and for the next 100 years, various experts proclaimed we are approaching peak oil production. Today’s talk is not about production, but about demand. According to the IEA World Energy Report from today, we will hit peak demand by 2030 as we shift to more renewable sources of energy. So, in the span of eight years, we will go from record demand to demand growth stalling.
The retailer was hit by a one-two punch of higher business costs and higher promotional activity to clear inventory. The bright spot is that inventory grew far less than in previous quarters. There is a decent short position on this one . The stock has been remarkable in how unremarkable it has been. It has basically clung to C$3/share for the past 2.5 years. We will speak to the CEO on Morning Markets at 11:30 a.m. EDT.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Hong Kong Builders Sink on Sun Hung Kai Earnings, HSBC Rate PlanHong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates.
Bron: BNNBloomberg - 🏆 83. / 50 Lees verder »
Hong Kong Builders Sink on Sun Hung Kai Earnings, HSBC Rate Plan(Bloomberg) -- Hong Kong property stocks suffered their biggest selloff in seven months, hit by disappointing earnings at the city’s top builder and a major bank’s reported plan to raise mortgage rates. Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBiden Doubts China Able to Invade Taiwan Amid Economic WoesBoss of Failed Cr
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Updated Covid vaccines, Oracle earnings, Tesla stock jumps: Top StoriesThe U.S. Food and Drug Administration has approved updated Covid vaccines from Pfizer (PFE) and Moderna (MRNA) to combat new virus variants amid a surge in new cases and hospitalizations. Oracle (ORCL) shares moved lower in after-hours trading after reporting mixed fiscal first quarter results. Lastly, Tesla (TSLA) stock jumped after Morgan Stanley (MS) upgraded the stock to 'Overweight' from 'Equal Weight' and issued a $400 price target, citing a potential boost from its Dojo supercomputer. Yahoo Finance's Akiko Fujita breaks down the top stories of the day.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Apple event, Oracle earnings, Arm strategy: 3 ThingsApple (AAPL) announces design changes for the iPhone 15 ahead of its launch event later today. Oracle Corp. (ORCL) shares fall after reporting weaker-than-expected earnings, particularly in its revenue tied to its hardware segment. According to Bloomberg, Arm Holdings (ARM) could be changing up its strategy ahead of its IPO and refocusing its attention on designing growth-driven products. Yahoo Finance's Brad Smith highlights several of the top headlines making waves Tuesday morning.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Scotiabank analyst asks “How low can bank stocks go?”Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Bron: globebusiness - 🏆 31. / 66 Lees verder »