Bitcoin at 'tipping point,' Citi says as price surges Via Reuters: Bitcoin rose nearly 7% on Monday as risk assets rallied after last week’s bond rout cooled, with Citi saying the most popular cryptocurrency was at a “tipping point” and could become the preferred currency for international trade. With the recent embrace of the likes of Tesla Inc and Mastercard Inc, bitcoin could be at the start of a “massive […]
Texas power cooperative files for bankruptcy, citing $1.8 billion grid debt Via Reuters: The largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston on Monday, citing a disputed $1.8 billion debt to the state’s grid operator. Brazos Electric Power Cooperative Inc, which supplies electricity to more than 660,000 consumers across the state, is one of dozens of providers facing enormous charges stemming from a severe […]
Polaris To Launch Its First Electric Vehicle Via Reuters: Motorcycle and all-terrain vehicle maker Polaris Inc on Monday unveiled plans to launch its first electric vehicle, with an aim to advance the company’s position in the electric vehicle market. Polaris said the full-size Ranger, which it is developing in partnership with Zero Motorcycles, will launch in late December. Deliveries of the vehicle will start in early 2022. In 2017, the […]
Oil Prices Jump As U.S. House Passes Huge Stimulus Bill Via Reuters: Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a slowdown in China’s February factory activity growth capped gains. Brent crude futures for May rose $1.24, or 1.9%, to $65.66 per barrel by 0718 GMT. The April contract expired on Friday. U.S. West Texas Intermediate (WTI) crude […]
U.S. Urban Office Market, Stung By Pandemic, Hopes Tech Firms Drive Comeback Via Reuters: The growing footprint in New York of major tech companies like Amazon.com Inc, Facebook Inc and Alphabet Inc’s Google has given property owners and brokers hope that once the coronavirus has been conquered demand for office space will quickly return to pre-pandemic levels. But the popularity of working from home and the exodus of people from […]
Beyond Meat Strikes Deals With McDonald’s, Yum But Shares Fall Via CNBC: Beyond Meat on Thursday announced that it has struck deals with fast-food giants McDonald’s and Yum Brands, but shares fell on a disappointing earnings report. The company posted a bigger-than-expected quarterly loss as the cost of global expansion and weak restaurant sales weighed on the business. The company’s stock whipsawed in extended trading, initially falling on the earnings news, then rising on […]
United 777 Plane Flew Fewer Than Half The Flights Allowed Between Checks Via Reuters: A United Airlines plane with a Pratt & Whitney engine that failed on Saturday had flown fewer than half the flights allowed by U.S. regulators between fan blade inspections, two sources with knowledge of the matter said. The Boeing Co 777 plane had flown nearly 3,000 cycles, equivalent to one take-off and landing, which compares to […]
Oil Hovers Near 13-Month Highs As Storm Hits U.S. Output Via Reuters: Oil prices extended gains for a fourth session on Thursday to reach the highest levels in more than 13 months, underpinned by an assurance that U.S. interest rates will stay low, and a sharp drop in U.S. crude output last week due to the storm in Texas. Brent crude futures for April gained 33 cents, 0.49%, to $67.37 […]
Tesla Temporarily Halts Production At Model 3 Line In California Via Reuters: Tesla Inc has told workers it will temporarily halt some production at its car assembly plant in California, Bloomberg News reported on Thursday, citing a person familiar with the matter. Workers on a Model 3 production line in Fremont were told their line would be down from Feb. 22 until March 7, according to the report. Tesla could […]
Mike Church offers no-holds barred commentary on the moral & political decay of the modern world but unlike all other hosts, Mike offers solutions to these ills, solutions rooted in the wisdom of the Fathers, founding and Church!
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