New Jersey's hospitalization rate stands at more than 5,700, the highest rate since April 2020; CBS2's Nick Caloway reports.
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(Bloomberg) -- Farm equipment giant John Deere boasted record profits in 2021 as the global pandemic made consumers and countries more reliant than ever on a functioning agricultural sector. Also last year, unionized workers demanded a piece of the company’s growing pie, and after a strike forced John Deere to provide better compensation to the men and women who make its products.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omi
- Fort Worth Star-Telegram
At least 400,000 homes and businesses could be impacted.
- Business Insider
The workers alleged their manager was unfairly fired. Noah's NY Bagels told KCRA it was looking into the matter.
Airbus on Thursday raised the stakes in a dispute with one of its largest customers, Qatar Airways, over grounded and undelivered A350 jets by announcing it had revoked a separate contract for 50 smaller A321s the airline needs to open new routes. The move is expected to deepen a dispute that moved closer towards a rare courtroom clash on Thursday, with a procedural hearing over Qatar's claim for $600 million in compensation over A350 flaws pencilled in for the week of April 26 in London. Airbus revealed it was walking away from the contract for A321neos in skeletal arguments presented during a scheduling session over the A350 dispute at a division of Britain's High Court on Thursday, people familiar with the matter said.
Speaking in a virtual panel of the World Economic Forum, Tai cautioned against a backward-looking "return to normalcy" after two years of COVID-19-induced disruptions. "I think that it is time for us to acknowledge that our goal really shouldn't be to try to go back to the way the world was, say in 2019, but to take lessons, very hard earned lessons, very painful lessons that we have experienced over the past two years and take this opportunity to build toward something that is different and better," Tai said. Key to this will be to strengthen and diversify supply chains, she said.
- Miami Herald
Venezuela has doubled its oil production in recent months thanks to Iran and other players that are helping it evade U.S. sanctions, but the country’s industry is now running near the top of its capacity and it is unlikely it could go much higher than current output levels, according to industry analysts.
- Associated Press
In a quiet valley tucked away from Colorado’s bustling ski resorts, far from his hometown in northern Mexico, Trinidad Loya found a way to support his family’s American dream: Coal. The coal plant is closing, along with the mine that feeds it and has nearly 115 more employees, and all the workers will lose their jobs over the next decade, according to Tri-State Generation and Transmission Association Inc. which partially owns and operates the Craig Station.
(Bloomberg) -- The global semiconductor shortage is hitting one of the industry’s most important gear makers, potentially creating a vicious cycle that will further strain supply to companies from Nissan Motor Co. to Apple Inc.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapThailand to Resume Quarantine-Free Tourism as Covid EasesBiden Expects
The chief executive of ASML Holding NV on Wednesday said the company still has not received permission to ship any of its most cutting edge lithography systems, which are necessary to make advanced computer chips, to China. Under pressure from the U.S. government, the Dutch government has withheld granting a licence for ASML to export the machines, which are considered "dual use" goods with possible military applications. CEO Peter Wennink said he thought it unlikely that China would be able to replicate top lithography technology independently because ASML relies on "relentless innovation" and integrating components that are only available from non-Chinese suppliers.
Global jet fuel demand, however, has again come under pressure with some countries reimposing border restrictions and other curbs to keep the Omicron coronavirus variant at bay, prompting travelers to reconsider their plans. "We saw a little bit more downside momentum on jet fuel due to omicron variant, but combined, we didn't really see a meaningful impact as we exited the year," senior executive Dax Sanders said in the earnings call. Kinder Morgan reported a 48% jump in jet fuel volumes and 7% jump in gasoline, following a year of coronavirus-driven decline.
Dealers who don't end bad practices like overcharging on reservation fees, adding massive "market adjustment" prices or using sales brokers will risk losing their Chevy Corvette Z06 allotments.
- Delmarva Now | The Daily Times
The Biden administration has painted the meat and poultry industry as the villain for the recent rise in prices in grocery stores.
- KCRA - Sacramento Videos
Marshall Medical Center in Placerville is gearing up to become a state COVID-19 surge hospital while omicron variant cases continue to lead to increased hospitalizations. "It’s heartbreaking," Chief Nursing Officer Cindy Rice said, commenting on the challenges facing her team this year. "Our staff are getting ill. We are having staffing challenges." In late December, state representatives reached out to Marshall Hospital to discuss the idea of adapting their facilities to support both COVID and non-COVID patients from across the state.
- Biloxi Sun Herald
Federal officials said the former employee was repeatedly referred to as “Black boy,” “the Black boy” or “little Black guy.”
(Bloomberg) -- China, the world’s biggest buyer of liquefied natural gas, kicked off an unprecedented effort to resell its supply, alleviating global fuel shortage fears that have sparked record prices this winter.Most Read from BloombergEarly Omicron Breakthroughs Show MRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsStocks Drop as Selloff Puts Nasdaq Into Correction: Markets WrapIs Covid Becoming En
- FX Empire
The cryptocurrency market cap has dropped below the $2 trillion mark again as Bitcoin struggles to defend the $40k support level.
As oil prices soar in 2022 it is getting increasingly difficult to ignore the fact that the world needs fossil fuels and the companies that provide them are undervalued
(Bloomberg) -- The oil market is getting tighter and there may be even less slack in the system than forecasts suggest.Most Read from BloombergEarly Omicron Breakthroughs Show MRNA Vaccines’ WeaknessMicrosoft Buys Scandal-Tainted Activision in Bet on MetaverseStocks Drop as Selloff Puts Nasdaq Into Correction: Markets WrapCovid-19 Infected Lions Prompt Variant Warning in South AfricaFourth Pfizer Dose Is Insufficient to Ward Off Omicron, Israeli Trial SuggestsThe latest outlooks from the Interna
Earlier this week, Evan Van Ness of Starbloom Ventures and Josh Stark of the Ethereum Foundation released an Ethereum year-end report, The Year in Ethereum 2021, diving into activity on the network last year. Subscribe to Valid Points here. Demand for blockspace on Ethereum skyrocketed during 2021, with $9.9 billion in transaction fees being paid throughout the year.
(Bloomberg) -- PG&E Corp. is ending a five-year felony probation as a “continuing menace to California,” a judge supervising the company said in his parting observations, noting the company went on a “crime spree” even as he tried to rehabilitate it.Most Read from BloombergEarly Omicron Breakthroughs Show MRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsStocks Drop as Selloff Puts Nasdaq Into Correcti