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www.gibsons.co.uk

Back in Black? - Gibson

Earlier this week, the United States announced that it has temporarily lifted sanctions on Venezuela’s oil and gas sector through the issuance of a six-month general license allowing the production, sale and export of Venezuela’s crude oil and gas, without limitations on buyers or markets. The...
www.gibsons.co.uk www.gibsons.co.uk
 

Weekly Commodity Market Update: Nearby corn contract breaks $5 as harvest enters back half​

Oct 24, 2023


10:16
 
Andrew Craig-Bennett gives readers his take on the rise of the shadow tanker fleet.

In 1995, I wrote in a column that “good” shipowners, of whom there are several, the people who look after their ships and their crews, whose immaculate ocean greyhounds arrive with pretty much the cargo that they set out with, and so on, never condemn the “bad” owners, of whom there are plenty, because, I supposed, the “good” simply do not believe the tricks that the “bad” get up to, and say to themselves, “There but for the Grace of “…” go I!”, without realising that their ships and their people never could find themselves in the sort of predicaments that the bad guys choose to get their ships and their people into. A senior figure in a class society wrote to say that although he almost always disagreed with me, he did agree with this.

splash247.com

The dark side - Splash247

Andrew Craig-Bennett gives readers his take on the rise of the shadow tanker fleet. In 1995, I wrote in a column that “good” shipowners, of whom there are several, the people who look after their ships and their crews, whose immaculate ocean greyhounds arrive with pretty much the cargo that they...
splash247.com splash247.com
 
WASHINGTON, Oct 25 (Reuters) - The U.S. Federal Reserve is expected on Wednesday to propose an official review of the fees banks can charge retailers for debit card transactions, setting up a battle between the two industries that could result in a court challenge.

The scheduled Fed board meeting will mark the first time in over a decade that the central bank has proposed revising the fees, which generated around $24.31 billion for lenders in 2019, the most recent Fed data shows.

www.reuters.com

US Fed set to revise debit card fee caps pitting banks against retailers

The U.S. Federal Reserve is expected on Wednesday to propose an official review of the fees banks can charge retailers for debit card transactions, setting up a battle between the two industries that could result in a court challenge.
www.reuters.com www.reuters.com
 
BRUSSELS, Oct 25 (Reuters) - The United States will roll over its suspension of tariffs on European Union steel and aluminium if the two sides need more time to agree on measures to address overcapacity and low-carbon production, the U.S. ambassador to the EU said on Wednesday.

The United States suspended import tariffs of 25% on EU steel and 10% on EU aluminium for two years from January 2022, replacing the tariffs imposed by former President Donald Trump with a tariff rate quote (TRQ) system.

www.reuters.com

U.S. will extend EU metals tariff exemption if needed -envoy

The United States will roll over its suspension of tariffs on European Union steel and aluminium if the two sides need more time to agree on measures to address overcapacity and low-carbon production, the U.S. ambassador to the EU said on Wednesday.
www.reuters.com www.reuters.com
 

October's Market Mayhem in Scrap Prices | Weekly Scrap Update​


17:49

📈 Check Scrap Prices: https://iScrapApp.com/ - This week, we discuss the highs and lows of the scrap metal market during this tumultuous October. From copper's nominal rise to the quick downturn in catalytic converter prices, get all the information you need to navigate this challenging period.
👉 Read more: https://iscrapapp.com/blog/weekly-scr...
 
Oct 25 (Reuters) - The United Auto Workers (UAW) union reached a tentative labor deal on Wednesday with Ford Motor (F.N), the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers since mid-September.

The proposed accord, which UAW's leadership must still approve, provides a 25% wage hike over the 4-1/2-year contract, starting with an initial increase of 11%.

www.reuters.com

Ford, UAW reach tentative deal to end strike including record pay raise

The United Auto Workers union reached a tentative labor deal with Ford, the first of Detroit's Big Three car manufacturers to negotiate a settlement to strikes joined by 45,000 workers.
www.reuters.com www.reuters.com
 

Opinion: Most Americans have tipping fatigue — but it pays to be a generous tipper​

I learned everything I needed to know about the current state of tipping when I joined some pals to play pinball at a New York bar the other night.

We were in the midst of a friendly competition when a machine kept breaking down. We called over a very busy employee who’s responsible for helping keep the place running, including picking up all those errant bar glasses and plates of half-eaten food. He put everything aside to fix our problematic pinball machine twice.

I suggested to everyone that we give him $10 for his time and effort, splitting the tip amongst all of us. A couple of the guys immediately balked, insisting the employee was just doing the job he was paid to do. I pushed back and got the group to agree to the plan, albeit somewhat grudgingly.
That employee was not much different, one could argue, from almost any service worker in any job, from the barista who prepares your morning coffee to the garage attendant who valets your car. There are countless people we can tip on any given day and we are increasingly being prompted to reward them. Admittedly, my pinball wizard didn’t have his hand out, but how many of us have run across those payment screens that suggest a 20% tip for being handed a sandwich we ordered?

More:

www.marketwatch.com

Most Americans have tipping fatigue — but it pays to be a generous tipper

In this tight economy, service workers deserve that extra dollar.
www.marketwatch.com www.marketwatch.com
 
Malaysian officials are reporting that they are detaining two tankers suspected of conducting an illegal ship-to-ship oil transfer. While they are investigating the circumstances of the situation discovered earlier this week, the not-for-profit group United Against Nuclear Iran (UANI) posted online citing the vessels as the latest example of the ongoing trade in sanctioned Iranian oil by the shadow fleet of tankers.

maritime-executive.com

Malaysia Detains Two Tankers Accused of Trading Iranian Oil

Malaysian officials are reporting that they are detaining two tankers suspected of conducting an illegal ship-to-ship oil transfer. While they are inv...
maritime-executive.com maritime-executive.com
 
goldprice.org

Gold Price RECAP October 23-27

Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets—and may continue to into the future.
goldprice.org goldprice.org
 
www.freightwaves.com

‘Fraud, theft and abuse’ force Texas freight brokerage to shut down

After 12 years at the helm of the freight brokerages he founded and bootstrapped in 2011 — SEL Supply Chain Solutions (SELSCS) of Fort Worth, Texas — CEO Dennis Martin says he is winding down operations.
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

Analysis: How costly is Mack Trucks’ stridency with striking UAW?

A threat to Mack Trucks’ primary business exists as long as brinksmanship with the striking UAW continues.
www.freightwaves.com www.freightwaves.com
 

Threat to Maritime Chokepoints: Suez, Strait of Hormuz, Bab el-Mandeb and Turkish Straits​

Oct 27, 2023

12:42

In this episode, Sal Mercogliano - maritime historian at Campbell University (@campbelledu) and former merchant mariner - discusses the decision by Israel to cover war damage to ships, the diversion of an Evergreen vessel under force majeure and the issuance of advisories for maritime chokepoints in and around the Middle East and Black Sea.

U.S. Maritime Advisories https://www.maritime.dot.gov/msci-advisories

Ever Cozy - Marine Traffic https://www.marinetraffic.com/en/ais/...
 
The world is on the hunt for climate-friendly and carbon-free energy, and several countries are looking at nuclear power as an opportunity to replace diesel in remote Arctic communities.

However, when people hear nuclear power, they often respond emotionally based on outdated knowledge.

Does nuclear power just need a good PR agent to turn its bad reputation around?

www.highnorthnews.com

A Nuclear Power Renaissance?

Reykjavik (High North News): Nuclear power as an energy source is heading for the Arctic. "There is a nuclear power renaissance in the US. The challenge is that nuclear energy is associated with weapons," says Senior Researcher Gwen Holdman at the Alaska Center for Energy and Power.
www.highnorthnews.com www.highnorthnews.com
 
In the real world today, the Dow is negative for the year, with a third of the Dow down double-digits. At one point it was down over 400 points today. The S&P retired the day fully in correction while the NASDAQ, as I noted in the paid portion of yesterday’s “Deeper Dive” entered the correction zone Wednesday and crossed below its 200-day moving average on Thursday. It attempted to rise today on the positive energy of Amazon, which reported huge earnings, but it lost a good part of that rise by the end of the day. Unfortunately for it, its valiant effort was not enough to prove its bearish cross on Thursday was just a head-fake. So, it stuck the landing down in those nether regions, and stocks closed the week with a heavy thud. That’s Realworld.

goldseek.com

Cognitive Dissonance Hammers my Head

About 2 in 3 Americans say their household expenses have risen over the last year, but only about 1 in 4 say their income has increased in the same period.
goldseek.com goldseek.com
 
www.freightwaves.com

Borderlands: US mulls terminating tomato trade agreement with Mexico

This week in Borderlands: The U.S. mulls terminating a tomato trade agreement with Mexico; Walmart opens a fulfillment center near Dallas; Saddle Creek Logistics is opening a distribution center in Arizona; and layoffs hit GulfMark Energy’s operations in Texas. US mulls terminating tomato trade...
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

Cummins predicts huge growth in natural gas engines

Natural gas has long been a bit player in a diesel-driven engine world. That may change with Cummins’ beefier 15-liter offering.
www.freightwaves.com www.freightwaves.com
 

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Friday, September 6, 2024.
tradingeconomics.com tradingeconomics.com
 
www.reuters.com

Yen slides after minor BOJ policy tweak, stocks advance

The yen slid across the board and hit a 15-year low against the euro on Tuesday after the Bank of Japan's step to end years of monetary stimulus left investors cold, while global stock indexes were higher a day before the Federal Reserve is expected to again say interest rates will stay high for...
www.reuters.com www.reuters.com

www.reuters.com

Morning Bid: Refunding relief stokes bond-led bounce

A look at the day ahead in U.S. and global markets from Mike Dolan
www.reuters.com www.reuters.com
 

A Head for Heights - North Sea Abseilers. The Unseen Side of the North Sea Oil Industry.​

Oct 30, 2023


6:23
 
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