Category: Blog
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China starts closing their doors
Market drops 2%, China starts closing off, Microsoft buybacks, Social Security COL, Wind power blows in the UK, and more!
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Microsoft announces stock buyback and raises dividend
Microsoft’s latest purchase scheme comes after two senior Democratic senators proposed a 2% tax on corporate stock buybacks as part of a bid to help fund a $3.5 trillion U.S. budget bill. The potential tax, announced on Friday, was released by Senate Finance Committee Chairman Ron Wyden of Oregon and Senate Banking Committee Chairman Sherrod…
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Social Security may get huge cost of living adjustment
The 68 million people — including retirees, disabled people and others – who rely on the benefits are likely to receive a 6% to 6.1% cost-of-living adjustment next year because of a COVID-19-related spike in inflation, according to the Senior Citizen League. Such a rise would far outpace 1.4% average bumps in Social Security payments…
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Oil jumps over $2 on Wednesday
Oil prices rose over $2 on Wednesday after industry data showed a larger-than-expected drawdown in U.S. crude inventories and on expectations demand will rise as vaccination roll-outs widen. Brent oil rose $2.14, or 3%, to $75.75 a barrel, while U.S. West Texas Intermediate (WTI) crude climbed $2.28, or 3.2%, to $72.74 a barrel. Brent hit its highest levels…
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Chevron to triple low carbon investments
The San Ramon, Calif., oil giant is pledging to spend $10 billion through 2028 on biofuels, hydrogen production, carbon capture and other technologies, up from a prior commitment of around $3 billion. Mr. Wirth said in an interview that the spending boost reflects optimism in Chevron’s new energies unit, announced in July to oversee the…
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Wind power blows… or doesn’t as the case may be
I stand on the opinion that the best source of “carbon neutral” energy is nuclear. It’s reliable always-on energy that is safer than ever before with modern reactors that don’t produce much nuclear waste. The sudden slowdown in wind-driven electricity production off the coast of the U.K. in recent weeks whipsawed through regional energy markets.…