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September 17, 2021

Demand

Gymnasts Biles, Maroney demand justice in botched FBI sex abuse probe

Reuters
WASHINGTON, Sept 15 (Reuters) – Olympic gymnast McKayla Maroney on Wednesday told U.S. lawmakers she feels betrayed by FBI agents, after they failed to investigate former USA Gymnastics doctor Larry Nassar, despite her telling them he had sexually abused her. FBI Director Chris Wray told the Senate panel that the......

Lawmakers demand answers from Zuckerberg after investigation finds Instagram is toxic for teen girls

CNBC
CNBC – For more and to sign up click here Katalin Balassa / EyeEm | EyeEm | Getty Images Lawmakers across both parties and chambers of Congress are demanding answers from Facebook about how its services impacts the mental health of teens and children. The questions come in the wake......

Mortgage demand from homebuyers jumps to highest level since April, after new listings rise all summer

CNBC Real Estate
Potential homebuyers exit an open house in Redondo Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and......

Maduro demand for control crimped finances of Colombia’s Monomeros, ex-chair says

Reuters
Venezuela’s President Nicolas Maduro addresses the media from the Miraflores Palace, in Caracas, Venezuela August 16, 2021. REUTERS/Leonardo Fernandez Viloria CARACAS, Sept 14 (Reuters) – Venezuelan President Nicolas Maduro’s demand for control of Colombian fertilizer producer Monomeros has further upset the company’s finances and contributed to a Colombian regulator’s intervention......

Senators demand cryptocurrency regulation guidance from SEC Chair Gary Gensler

CNBC
CNBC – For more and to sign up click here Former Commodity Futures Trading Commission Chairman Gary Gensler testifies at a U.S. Senate Banking Committee hearing on systemic risk and market oversight on Capitol Hill in Washington May 22, 2012. Jonathan Ernst | Reuters WASHINGTON – Securities and Exchange Commission......

Demand for Tarps and other Disaster Recovery Materials Reported at Unprecedented Levels

@BreaknNews
Industrial fabrics producer Tarps Now® notes increasing demand for disaster recovery materials ST. JOSEPH, Mich. – Sept. 9, 2021 – — In the aftermath of recent severe storms impacting Southern and Northeastern coastal cities with high winds, tornadoes, flooding, tidal surges and serious levels of storm damages to homes and businesses,......

Mortgage demand falls to lowest in two months as rates stagnate

CNBC Real Estate
Daniel Acker | Bloomberg | Getty Images Mortgage rates appear to be stuck in a holding pattern, giving borrowers no particular incentive to act, especially on refinances. Total mortgage application volume fell 1.9% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. It......

Oil falls after deep Saudi price cuts spur demand concerns

Reuters
General view of Aramco tanks and oil pipe at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo Saudi cuts Oct prices for Asia by at least $1/bbl U.S. Gulf Coast oil industry struggles with Ida recovery U.S. oil rig count......

Biden to Visit Northeast Flood Zones as Demand Grows for Climate Action

New York Times
As residents scrambled to clean up and assess damage from catastrophic flash floods that swept the Northeast last week, President Biden prepared to visit hard-hit areas in New York and New Jersey, where he will confront political ferment that is growing over the climate-driven disaster. The lethal deluge from the......

Oil rises on demand outlook, Gulf outages

Reuters
A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant U.S. Gulf Coast struggles to recover after storm OPEC+ agrees to boost production Global demand outlook brighter on recovery hopes LONDON, Sept 3......

Weekly mortgage-refinance demand drops as interest rates stall

CNBC Real Estate
A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021. Marco Bello | Bloomberg | Getty Images A prolonged period of low mortgage rates is taking its toll on the refinance market, as most borrowers who qualify have already gone through the process. The average......

China’s Sinopec posts $6 bln H1 profit on rebounding oil prices, better demand

Reuters
BEIJING, Aug 29 (Reuters) – China Petroleum & Chemical Corp (600028.SS) on Sunday reported a 39.15 billion yuan ($6.05 billion) net profit for the first six months of 2021 on the back of renewed fuel demand and a rebound in oil prices amid a recovery from the impact of COVID-19.......

Jan. 6 investigators demand records from social media companies

Politico
Politico.com – For more and to sign up click here The committee’s chair, Rep. Bennie Thompson (D-Miss.), gave the companies a two-week deadline to respond. Federal prosecutors have leaned on records obtained from social media companies to build criminal cases against hundreds of participants in the Jan. 6 riot. One......

Hybrid work demand fuels Salesforce earnings forecast

Reuters
The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo Aug 25 (Reuters) – Salesforce.com Inc (CRM.N) on Wednesday signaled the shift to hybrid work would keep demand for its cloud-based software strong in the third quarter, after......

Global electric power demand surges above pre-pandemic levels

CNBC
CNBC – For more and to sign up click here High voltage power lines in Pinole, California, on Thursday, June 17, 2021. David Paul Morris | Bloomberg | Getty Images Carbon dioxide emissions from the global electric power sector surged past pre-pandemic levels to record highs in the first half......

Mortgage rates fall for the first time in 3 weeks, but demand is still light

CNBC Real Estate
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images After rising for three weeks, mortgage rates came back down a bit last week, but it didn’t seem to have much effect on mortgage demand. Total......

Oil up 2% on brighter demand outlook and Mexican outage

Reuters
Pfizer-BioNTech COVID-19 vaccine gains full U.S. approval Mexico offshore platform fire takes 400,000 bpd offline U.S. to sell up to 20 mln barrels of SPR stocks LONDON, Aug 24 (Reuters) – Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as U.S. regulators issued their first......

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