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FortuneI’ve analyzed the profit margins of 30,000 gas stations. Here’s the proof fuel retailers are not to blame for high gas prices
Rewards company Upside says its data shows fuel retailers aren't to blame for high prices at the pump.
- American City Business Journals
Boeing schedules first Dreamliner delivery in 15 months
FAA officials will continue to certify each plane individually as the manufacturing giant plans a gradual increase in production from two planes per month to five.
- Benzinga
EXCLUSIVE: Colombia Is About To Legalize Cannabis - And Exports May Land On Your Doorstep Soon, This CEO Says
Andres Fajardo is the CEO of Clever Leaves Holdings Inc. (NASDAQ: CLVR), one of the largest cannabis companies with operations in Canada, Colombia, Germany, Portugal and the United States. Clever is the first cannabis company in Latin America listed on Nasdaq with a European Union Good Manufacturing Practices Certification (EU GMP) for flowers and extracts. In Colombia, Clever Leaves has invested in the development of state-of-the-art infrastructure for the cultivation of pharmaceutical-grade ca
- Fortune
Taiwan calls China’s bluff, says there’s ‘little chance’ of China imposing ‘stricter economic sanctions’
Taiwan’s Ministry of Finance reported that China receives 37% of all Taiwanese exports.
- Fortune
Malcolm Gladwell says it’s ‘not in your best interest to work from home.’ Nearly 20 years ago he said he ‘hates desks’ and writes from his couch
Gladwell, the author of “The Tipping Point,” said it was “not in your best interest” to “just sit in your pajamas in your bedroom.”
- MarketWatch
Here’s the big concern with chip makers scoring billions in funds from Uncle Sam
Intel and Micron are slashing their near-term spending plans while promising to use taxpayer dollars on domestic production efforts.
- Business Insider
The oil market is set to tighten rapidly as winter approaches and prices are still on track to top $120 a barrel, energy expert says
"The market is going to tighten up very, very quickly," Amrita Sen said, noting the energy market would continue to be choked by supply problems.
- Reuters
Ukraine halted oil flows to Europe over payment issue, Russia's Transneft says
MOSCOW (Reuters) -Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Transneft said on Tuesday. Flows along the southern route of the Druzhba pipeline have been affected while the northern route serving Poland and Germany remains uninterrupted. The suspension of pipeline flows on Tuesday will hit countries such as Slovakia, Hungary and the Czech Republic, which all rely heavily on Russian crude and have limited ability to import alternative supply by sea.
- Reuters
Aluminium foundry fights for survival in European gas crisis
Shouting over the clanging of machinery, Gerd Roeders is reluctantly preparing for the temporary shutdown of his German aluminium foundry to survive Europe's growing gas crunch. Roeders is hoping that by moving the 200-year-old plant to three weeks of 24-hour shifts followed by a one-week shutdown, he can maintain output while cutting his gas consumption. The plan will save the cost of gas needed to fire up the ovens every morning, Roeders calculates, even if it means paying staff at family-owned G.A. Roeders more to work night shifts.
- Business Insider
Crypto markets have 'found a floor' as anticipation builds that Ethereum merge is viable in 2022, JPMorgan says
The merge is designed to transfer the Ethereum blockchain away from a proof-of-work network and instead to a proof-of-stake system.
- Reuters
Snap plans to lay off employees- The Verge
The scope of the job cuts is currently unclear as managers are still planning it for their teams, the report said, adding that the Snapchat-owner has more than 6,000 employees. Snap declined to comment when contacted by Reuters. The development comes as technology companies, crypto exchanges and financial firms cut jobs and slow hiring as global economic growth slows due to higher interest rates, red-hot inflation and an energy crisis in Europe.
- Business Insider
The many ways JPMorgan keeps tabs on its workers — from their Zoom calls to in-office attendance
The bank's tracking methods have unnerved some employees and has led to rumors and fear among the rank-and-file.
- GOBankingRates
6 Incredible Perks of Being a Costco Employee
Costco was one of the companies at the forefront of raising their minimum wage to $15 (it's now $16), but the pay is only one of the job perks that come along with working at the warehouse club. Here...
- American City Business Journals
Surpassing the threshold: Here are the incentive-based payouts top FedEx execs landed in FY 2022
FedEx's fiscal results were strong enough for its top leaders to receive annual incentive compensation (AIC) payouts.
- American City Business Journals
Big retailer will open its first Florida store at Sawgrass Mills
Home goods retailer HomeSense is working on plans for its first store in Florida, located at the Sawgrass Mills mall in Sunrise. The City Commission on Aug. 9 will consider a site plan revision that would make way for the new store at 12801 W. Sunrise Blvd. The application by mall owner Simon Property Group (NYSE: SPG) says 33,710 square feet of space at the northeast corner of the mall would be renovated to house HomeSense. The mall owner would create a new entrance so shoppers outside the mall could enter directly into HomeSense.
- The Telegraph
Norway threatens to ration electricity in fresh blow for UK and European energy supplies
Norway has drawn up plans to ration electricity exports in a move that has heightened fears of energy shortages in the UK and Europe this winter.
- Oilprice.com
How High Can U.S. Shale Production Climb?
While the EIA has forecast a rise in U.S. production of roughly 800 boepd by the end of next year, a deep dive into the data suggests that is very ambitious
- Bloomberg
Russian Oil Flows Halted Through Pipeline to Central Europe
(Bloomberg) -- Europe’s energy security suffered another blow after Russian crude flows through Ukraine to Hungary, Slovakia and the Czech Republic were halted because sanctions prevented payment of a transit fee. Most Read from BloombergTrump Under Intense Legal Scrutiny After FBI Searches Mar-a-LagoUK Plans for Blackouts in January in Emergency Energy PlanTrump Search Was Unprecedented, But Records Case Will Be ToughRussia Is Scouring the Globe for Weapons to Use Against UkraineHome Inventory
- MarketWatch
Oil ends higher, extends bounce off six-month low
Oil futures end higher Monday, extending a bounce after major benchmarks last week traded at their lowest levels since February on worries about the demand outlook.
- TheStreet.com
Charting the S&P 500: Is This Anything More Than a Bear Market Rally?
After such a powerful rally the prior week and to finish to the month we expected to see some retracement. However, that was limited this past week to Monday and Tuesday, as the bulls had enough "watching," and dip buyers came back to the game in a big way Wednesday.