Gas prices continue to creep back up. Triple-A is reporting the national average price for a gallon of unleaded gas is now $3.39. That's up about 20 cents from just a few weeks ago.
- American City Business Journals
'What we’re doing is audacious.' Boom Supersonic breaks ground on $500M factory, looks to roll out first supersonic airliner in 2026
“We understand that what we’re doing is audacious, but ... we say what we’re doing to do, and we do what we say," said Kathy Savitt, president of Boom Supersonic. The company broke ground on its $500 million superfactory at Piedmont Triad International Airport on Thursday, discussing hiring and construction details.
- The Clarion Ledger
With egg prices more than doubling in the past year, calls are coming for an investigation into possible price gouging.
- Yahoo Finance
Egg prices are way up. But the pain borne by consumers is eggzagerated.
NEW DELHI (Reuters) -Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 MAX narrowbody planes as well as some 20 Boeing 787s and 10 Boeing 777X on a day marking one year since Tata Group took control of the former state-run carrier, two sources told Reuters.
This global Ram pickup testing in the Arctic Circle could preview the return of the Dakota small truck to the U.S. market.
- Fox News
The Biden administration on Thursday withdrew 225,504 mineral-rich acres from being able to be leased for mining for 20 years over environmental concerns.
Dutch and U.S. officials will meet in Washington on Friday to discuss potential new controls on exporting semiconductor manufacturing gear to China, with a deal possible by the end of the month, according to two sources familiar with the matter. The Biden administration in October published wide-ranging export controls, including measures tightly restricting Chinese access to U.S. chipmaking technology, as part of an effort to slow Beijing's technological and military advances. The Netherlands is home to ASML Holding, the world's leading maker of lithography equipment, which is critical for making semiconductors.
- Detroit Free Press
Ford struggles to contain, reduce recall and warranty costs as safety alerts spike in June.
- Yahoo Finance Video
MIT David Austin Professor of Management, Marketing, IT and Data Science and 'The Hype Machine' Author Sinan Aral discusses how big of an advantage Microsoft has regarding its recent investment in ChatGPT. You can see the entire interview here. Key Video Takeaways 00:11 On Google being "shook" 00:23 On the "existential threat" of ChatGPT to Google
- Yahoo Finance
Get ready for gas prices to rise again going into the spring. A gallon of driving fuel could go back above $4, according to GasBuddy head of petroleum Patrick De Haan.
The expenses at American Airlines were billions higher in 2022, but so was revenue, making the year an overall success looking at dollars alone.
- USA TODAY
Electric bills will likely keep rising this year even as overall inflation eases due to low domestic natural gas supply and higher operational costs.
- Business Insider
At $2.80 per million British thermal units, the latest natural gas price represents a steep plunge from the high of $10.03 reached in August.
- Associated Press
The manufacture of "green steel" moved one step closer to reality Friday as Massachusetts-based Boston Metal announced a $120 million investment from the world's second-largest steelmaker, ArcelorMittal. Boston Metal will use the injection of funds to expand production at a pilot plant in Woburn, near Boston, and help launch commercial production in Brazil. The company uses renewable electricity to convert iron ore into steel.
The rapid take-up of electric vehicles in India's fledgling market has prompted a major rethink about the country's long-term fuel needs as refiners in Asia's third-largest economy hasten their shift away from oil production. India, one of the world's fastest growing oil markets, has lagged major economic peers in Europe and Asia in the adoption of EVs but sales are now picking up and investment in the production of new autos and energy infrastructure is accelerating. The faster-than-anticipated industry growth means India's gasoline consumption will peak sooner than previously thought, some analysts and industry participants say, forcing top oil firms to expedite transition plans to alternative business lines, notably increased petrochemical manufacturing.
General Motors Co and Ford Motor Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports utility vehicles (SUVs). Now, the Detroit rivals must convince investors that last year's profit formula can keep working when costs for EV batteries are rising, high interest rates are cutting consumer purchasing power, and Tesla Inc is slashing prices. Already there are signs the Detroit automakers are scaling back spending to offset competitive and economic pressure.
Top-performing real estate investment trusts (REITs) this month include VICI Properties, Gaming and Leisure Properties, and Iron Mountain, which have risen as much as 70% in the past year while the Russell 1000 has fallen 13%.
(Bloomberg) -- US natural gas futures extended losses below $3 amid mild winter weather that helped spark the worst selloff among the country’s commodities.Most Read from BloombergAdani Rout Crosses $51 Billion as Stocks Plunge by Daily LimitsWe Asked ChatGPT to Make a Market-Beating ETF. Here’s What HappenedHindenburg vs Adani: The Short Seller Taking On Asia’s Richest PersonPutin Plans New Ukraine Push Despite Losses as He Prepares for Years of WarNYSE Mayhem Traced to a Staffer Who Left a Bac
Car production in the UK continued to fall last year, lagging further behind the US and EU.
IKEA is using more wood from Sweden and the Baltics to make up for not sourcing it from Russia and Belarus which the company has shunned due to Moscow's war in Ukraine, its wood supply boss said in an interview. The world's biggest furniture brand - one of the world's top wood users - used 20 million cubic metres of wood in its products, packaging and communication material in the 12 months through August 2022. "We have managed to replace those (Russia and Belarus) volumes in other countries on a very hot wood market," Ulf Johansson, Global Wood Supply and Forestry Manager at brand owner Inter IKEA, told Reuters.