energy

Europe energy crisis could get much worse and cause high consumer bills, economic slowdown and social unrest

An energy crisis the likes of which hasn’t been seen in decades is unfolding around the world.  The Russian invasion of Ukraine in February of this year created a ripple effect in global markets. Western nations that once relied on energy supplies from Russia—the world’s second largest natural gas producer and third largest petroleum producer—condemned …

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These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for U.S. stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components …

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Live stock market news: Investors dump U.S. stocks, oil falls below $80 level hitting energy stocks

Trump-linked SPAC merger loses support from PIPE investorsInvestors are pulling out of the deal by Digital World Acquisition to combine with Trump Media & Technology Group, a regulatory filing said.The moves come ahead of an October 10 special meeting of stockholders to approve the deal. The special purpose acquisition company (SPAC) said it received termination …

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German government agrees nationalization deal for energy giant Uniper

Uniper has received billions in financial aid from the German government as a result of surging gas and electric prices following Russia’s war in Ukraine.Picture Alliance | Picture Alliance | Getty ImagesThe German government on Wednesday agreed to the nationalization of utility Uniper as it strives to keep the industry afloat in the wake of …

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Europe races to prepare for energy crunch this winter

Spain may shut energy-intensive industries at peak timesFrance prepares to send gas to Germany in OctoberGermany to sign LNG contracts in UAEBerlin still working on Uniper bailoutBERLIN/LISBON, Sept 19 (Reuters) – Germany was pressing on Monday to secure liquefied natural gas contracts with Gulf producers and other European states outlined measures to conserve energy, with …

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Oil falls more than 1% on demand fears, strong dollar

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone BaseRegister now for FREE unlimited access to Reuters.comRegisterStrong dollar weighs as Fed rate decision loomsSupply concerns limit declineEasing COVID-19 restrictions in China could lend supportLONDON, Sept 19 (Reuters) – Oil fell by …

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Opinion: Adobe’s stock got slammed for spending $20 billion on Figma. But it now owns a rare company.

Adobe beat revenue and profit expectations, and on the same day announced it would acquire a smaller but faster-growing rival in online design-collaboration tools. The stock market rewarded the company by pushing down its shares ADBE, -3.12% to the lowest level in almost three years.  Investors punished the company not for its earnings report, released …

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Ethereum’s massive software upgrade just went live — here’s what it does

Ethereum’s biggest-ever upgrade just took effect, in what industry experts are calling a game changer for the entire crypto sector. Thus far, all signs suggest the so-called merge — which is designed to cut the cryptocurrency’s energy consumption by more than 99% — was a success.The very first proof-of-stake block of transactions has finalized with …

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