Transcript delivery system

U.S. equity markets wavered to begin the new month, reflecting investors' uncertainty over issues ranging from the impact of corporate earnings to how Fed rate hikes will shape the economy this year. UPS Inc. ( UPS ) is the best-performing stock in the S&P 500 on its earnings news. Better-than-expected earnings are also lifting shares of Exxon Mobil Corp. ( XOM ). That’s boosting shares of other energy companies as well. Shares of cruise lines, airlines, and other travel-related companies are advancing on decreasing omicron variant case numbers. Key Takeaways U.S. equity markets wavered to begin the new month, with all three major indexes fluctuating between green and red. The quit rate fell for the first time since Dec. 2020. Ups and downs reflect investors' uncertainty over issues ranging from the impact of corporate earnings, Fed rate hikes, and ongoing supply chain and pandemic concerns. The yield on the 10-year Treasury note has widened and narrowed … [Read more...] about Stocks Fluctuate to Begin Month as Investors Digest Data, Earnings

Electric carmaker Tesla, Inc. ( TSLA ) may have indefinitely postponed production of its Cybertruck. The vehicle, whose prototype was unveiled in November 2019, was due for customer delivery in 2021. Last year, the company announced a delay in its production schedule to August 2022 due to the pandemic shutdown. But the Cybertruck's landing page on the Tesla website now no longer mentions the new date for start of production. The latest change in the vehicle's delivery status was first reported by auto website Edmunds. Tesla CEO Elon Musk had previously tweeted, in November, that he would provide an updated product roadmap in the company's next earnings call on Jan. 26. Key Takeaways Tesla stock fell by nearly 5% after news that its Cybertruck production date will be delayed yet again. The electric carmaker previously delayed production of the vehicle to 2022. Tesla competitors are racing ahead with their plans to release their versions of all-electric pickup trucks. … [Read more...] about Tesla (TSLA) Falls on Cybertruck Production Delays

Tesla, Inc.'s ( TSLA ) shares reversed course from their recent downward trajectory and rose by 3% on Monday, Jan. 10, after key analysts upped their price targets for the stock. Goldman Sachs analyst Mark Delaney confirmed Tesla as a Top Pick for his firm, and Tesla bull Adam Jonas of Morgan Stanley said that the company was a winner in the electric vehicle (EV) race. Both analysts increased their price targets for Tesla shares. The increase in share price came after a bruising four-day period for the stock during which its price fell from $1,200 to as low as $980. The decline occurred even after Tesla announced record delivery numbers . Key Takeaways Electric carmaker Tesla's stock reversed course and rose yesterday after key analyst revisions to its price targets. Noted Tesla bull Adam Jonas of Morgan Stanley revised his price target to $1,300 from $1,200 and stated that Tesla was winning the EV marathon. Goldman Sachs analyst Mark Delaney rated Tesla stock a Top … [Read more...] about Tesla (TSLA) Stock Rises After Analysts Boost Price Targets

The Department of Energy (DOE) has released the terms of reference for auctioning off 2,000 megawatts of renewable energy (RE). Under the guidelines, renewable capacities to be offered are broken down as follows: 1,400 MW for Luzon, 400 MW for the Visayas and 200 MW in Mindanao. For Luzon, the agency is seeking suppliers for 900 MW of solar, 360 MW of wind, 80 MW of hydro and 60 MW of biomass. The target capacity for the Visayas is 260 MW of solar, 120 MW of biomass and 20 MW of wind. Meanwhile, in Mindanao, the capacity requirement is 100 MW of solar, and 50 MW each of hydro and biomass. Supply contracts shall not exceed 20 years, with the commencement date targeted between Dec. 26, 2022, and Dec. 25, 2025. The RE plant must be qualified under renewable portfolio standards, a market-based mechanism that mandates industry players to source a portion of electricity from eligible renewable facilities. The DOE will hold a prebid conference virtually, providing an … [Read more...] about Rules for DOE’s renewable energy auction set

CHICAGO, May 12 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures rose across the board on Thursday, led by wheat. The most active corn contract for July delivery rose 3 cents, or 0.38 percent, to settle at 7.915 U.S. dollars per bushel. July wheat soared 65.75 cents, or 5.91 percent, to settle at 11.7875 dollars per bushel. July soybean gained 7 cents, or 0.44 percent, to settle at 16.1375 dollars per bushel. CBOT futures were sharply higher following a bullish U.S. Department of Agriculture (USDA) May Crop Report that highlighted the yield and supply risks heading into the summer growing season. The World Agricultural Supply and Demand Estimate (WASDE) report estimated the 2022 U.S. corn crop at 14,460 million bushels, 655 million bushels less than last year due to reduced seeding. The USDA estimated U.S. corn seeding at 89.5 million acres back on March 31 with harvested acres of 81.7 million acres. The WASDE report estimated 2022-2023 U.S. corn demand at 14,565 … [Read more...] about Roundup: CBOT agricultural futures rise

Share to Twitter Share to Linkedin You might be familiar with psilocybin mushrooms , ayahuasca , and MDMA , but a lesser known (and rather misunderstood) psychedelic substance, ibogaine , is gaining attention thanks to the proliferation of ibogaine treatment clinics south of the border. Ibogaine is derived from the root of the iboga shrub, which grows in Central Africa and is indigenous to Gabon. There, it is used among people who practice Bwiti, a spiritual discipline that has been passed down for hundreds if not thousands of years. In Bwiti traditions, iboga is used in initiation rites, and is thought to allow those who take it to meet with deceased ancestors and diagnose illness. When administered safely, ibogaine can have profound, life-altering effects. While people living in North America may not be as familiar with ibogaine as they are with other psychedelic drugs, those that do know about this powerful alkaloid tend to consider its … [Read more...] about Ibogaine: Busting Myths With Beond’s Dr. Felipe Malacara

Share to Twitter Share to Linkedin More than eighty percent of eligible voters turned out for the Philippines Presidential Election, and it looks a landslide victory for Ferdinand (Bongbong) Marcos Jr. While they are finishing the vote count, several media critics are already trying to punch holes in Bongbong’s stunning landslide victory. Some have pointed to the excesses of his father’s regime (of 36 years ago), while others have targeted his 92-year-old mother (Imelda). Some allege a closer friendship to China, but few have spent time examining the erosion of Philippine love for America – an important analysis for a former USA colony - where the average citizens really do love America. In bygone days, Capitol Hill pushed for closer ties with Manila but, sadly, the former pro-Philippine hawks have long since vacated the building. With Bongbong now on the rise, the U.S. Government is taking a fresh look at ways to improve the relationship. As everyone … [Read more...] about Retail’s Worry: As Philippines Trade Ramps Up – Will Bongbong Marcos Question America’s Love?

Share to Twitter Share to Linkedin Supply chains and logistics were thrown into chaos during the pandemic, creating a number of challenges including trade disruptions, port congestion, and soaring freight rates. Brands selling and manufacturing furniture especially felt the strain caused by these delays. Delays and cancellations led to backlogs. Port bottlenecks emerged. But not all retailers were affected in the same way. For furniture brand Castlery , long lead times are one reason supply chain management has always been a priority for the business. “In furniture, where the products are not only bulky but non-standard size, efficient supply chain management is critical to ensure a seamless customer experience in terms of fulfillment and timely deliver,” said Declan Ee, Castlery’s co-founder. The past two years have been challenging for the furniture retail industry, and many manufacturers still haven't caught up with their backlogs. In … [Read more...] about How Furniture Brands And Manufacturers Are Coping With Ongoing Supply Chain Strain