Wednesday: October 1st Oil is on the slide as U.S. inventories build quicker than expected, slower economic activity in the United States and Asia persist, and the threat of further OPEC+ output cuts are expected to come in October. The Alberta government is planning to spearhead a pipeline proposal for a new oil pipeline that will track through to the B.C. coast. The project will culminate the efforts of the provincial government, Alberta Machine Intelligence Institute, Enbridge, South bow and Trans Mountain. As of now, the Alberta government will not be committing to ownership of this project, nor will be expending significant capital. Rather, their aim is to shepherd the project forward and leave it available for private capital. The...
Thursday: September 25th Starbuck's new CEO Brian Nicol has led two large scale layoffs in its corporate offices since taking the helm roughly a year ago. After this most recent round of layoffs, the company would have harvested 20% of its corporate workforce using September 2024 figures (2,000 employees). The motivating factor here is to cut costs and funnel funds into improving their existing stores. Reducing the size of the workforce is not the only strategy being employed to reduce costs; the company is closing stores as well including 2 flagship locations in Seattle. TSX 60: 1,753.49DJIA: 46,097.43S&P: 6,608.19Nasdaq: 22,318.77Oil (WTI): 64.80ICE NGX (T-1): - 0.49 Starbucks to Cut Hundreds More Corporate Jobs, Close Stores Wednesday: September 24th The...
Tuesday: August 26th Israel has called on roughly 60,0000 reservist for duty for its offensive into Gaza city. Israel's army and citizens are reportedly "exhausted" from two years of fighting, and a large majority are calling on the government to end the war in exchange for the remaining hostages. There are expected to be about 20 hostages held by Hamas still to be alive. Intel is a little unique in that it is one of the few chip manufacturers that both designs and manufactures its own chips. It's manufacturing segment has not been doing well; driving much of its poor performance, the segment lost $3.2 billion in the Q2 of 2025. Tan, the current CEO, is pulling back on the reigns....
Tuesday: June 10th Today, Hydrogen is mostly extracted from natural gas in two main techniques: Blue Hydrogen and Green Hydrogen. Blue Hydrogen is a more traditional way of producing hydrogen that starts with natural gas and removes the carbon dioxide. Green Hydrogen, alternatively is made by "splitting water into oxygen and hydrogen using renewable electricity". Air Products has made a large push in the Hydrogen space in Louisiana starting in 2021 when they shared plans to construct a $4.3 Billion Hydrogen plant that would produce Blue Hydrogen and sequester the carbon dioxide under the Lake Maurepas. But, given the push from the Trump administration to cut Biden's tax incentives for green energy sources, and other factors, the project has ballooned...
Tuesday: May 27th 2025 U.S. currently has sanctions on Iranian oil as a result of their stance against the Iranian's uranium enrichment program. Last week, representatives of both countries met in Rome for a 5th round of talks. It wasn't all sunshine and rainbows. However, if an agreement is struck, and the sanctions are removed, there will be an increase of supply in the global oil market. The expected increase in supply from these talks are coupled by the expected increase in production from OPEC+ countries who have their next meeting on this Saturday. TSX 60: 1,559.98DJIA: 41,849.04S&P: 5,854.07Nasdaq: 19,014.44Oil (WTI): 61.54ICE NGX (T-1): 1.78 Trump Says Putin Is ‘Playing With Fire’ Oil prices dip on supply concerns TSX's gains...
