Time and money are largely interchangeable terms. - Winston S. Churchill

Finance

Major U.S. LNG exporter Freeport may extend its plant shutdown until December

Major U.S. LNG exporter Freeport may extend its plant shutdown until December

Bad news for Europe, good news for Americans. Recall, Freeport before the fire in summer provided about 20% of U.S. LNG supplies to the world market. Its largest customer is Europe. Freeport had previously promised to resume operations in November. Even with the EU's gas storage facilities full, future

Price for oil price cap yet to be determined, head of European Commission

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

Tesla winds down solar projects. Customers receive denials of service

Tesla winds down solar projects. Customers receive denials of service

Ilon Musk's company is massively winding down solar projects in the U.S.. The reason is not named, and Tesla Solar's results are not bad. However, the company probably faced rising costs: the raw materials keep getting more expensive. According to electrek, some customers in the states, when asked to

Twitter is preparing to integrate a payment service

Twitter is preparing to integrate a payment service

According to The NYT, the social network filed registration paperwork last week to implement payment processing. Musk is rapidly making his adjustments to Twitter. The integration of the payment service will allow the company to earn good interest income in the future. In addition, users will deal directly with the

Voters in some U.S. counties complain of intimidation - media

Voters in some U.S. counties complain of intimidation - media

Precinct workers are afraid to get into photos, and black voters in Texas are filing harassment allegations. Also in the New Jersey precinct, some voting devices are not working. In Georgia, employees whose photos were posted online during the Capitol assault are suspended.

Italy's Eni to resume purchases of Venezuelan oil after 4-month pause - Reuters

Italy's Eni to resume purchases of Venezuelan oil after 4-month pause - Reuters

Eni received 1 million barrels of oil from Venezuela in November. The delivery marks a resumption of the oil-for-debt deal sanctioned by the U.S. government earlier this year. The deal allows Venezuela to sell oil to bypass sanctions. Earlier in June and July, Eni received a total of 3.

IMF predicts a 1.5% annual decline in global GDP

IMF predicts a 1.5% annual decline in global GDP

Head of the IMF Georgieva warned that the fragmentation of global trade into separate blocks will adversely affect the pace of global economic growth. At the same time, Asia and the Pacific region will lose about 3% of GDP per year.

Russians have stopped buying laptops: sales fell by 50% in Q3

Russians have stopped buying laptops: sales fell by 50% in Q3

What is interesting: the average bill for a laptop in the third quarter increased by 5% year-on-year, MTS said. Russians began to prefer powerful gaming laptops. The fall in sales is due to a lack of products due to sanctions and the renewal of the fleet of laptops during the

Nonfarm payrolls from ADP (Oct): 239K.

Nonfarm payrolls from ADP (Oct): 239K.

Forecast: 195K. The US labor market is on fire, which means the Fed will keep raising rates. The market expects a 0.75% hike today. Although the data is not that critical. As ADP notes, the increase was mostly at the expense of newly hired workers whose paychecks did not

November will be warm in Europe

November will be warm in Europe

Weather forecasters said temperatures are expected to be above normal in early November, followed by mild weather for the rest of the month. Autumn is unseasonably warm in Europe this year. Gas prices in Europe may drop below $1,000 per thousand cubic meters on the back of 95% full