Amazon Flex drivers hit by surging gas prices are demanding relief

Uber and Amazon Flex drivers protest the fuel price serge and demand more money outside an Amazon warehouse in Redondo Beach, California, March 16, 2022. Mike Blake | Reuters On Wednesday morning, about 50 delivery and rideshare drivers parked outside an Amazon warehouse near Los Angeles. Signs taped to their car windows showed a jogging … Read more

Buffett Makes Big Bet On American Oil As Hedge Funds Liquidate Positions

As we first noted on Monday in “Hedge Funds Liquidate Oil Positions At A Near-Record Pace Amid Extreme Volatility”, and as Bloomberg writes today, “fund managers have shown signs of being cautious when it comes to energy stocks, the only major industry group in the S&P 500 with a positive return so far this year” … Read more

What higher, volatile energy prices mean for clean energy transition

Wind power in Texas. Interstate 40, Adrian, Texas Paul Harris | Archive Photos | Getty Images After Russia invaded Ukraine, energy prices spiked. US crude oil prices reached as high as $130 on March 6, the highest since July 2008. About a week later, US gasoline prices hit a record high price of $4.33 per … Read more

Alibaba and JD.com Stocks Fall After Biggest Gains Ever. What Comes Next?

Text size Alibaba stock notched its best-ever one-day gains on Wednesday. Qilai Shen/Bloomberg Investors in Chinese stocks, long-accustomed to pain, have just seen an astonishing turnaround. What comes next? Shares in Chinese tech giants Alibaba (ticker: BABA) and JD.com (JD) both notched eye-watering gains on Wednesday, climbing 37% and 39%, respectively. It was, by far, … Read more

Buffett Makes Big Bet On American Oil As Hedge Funds Liquidate Positions

As we first noted on Monday in “Hedge Funds Liquidate Oil Positions At A Near-Record Pace Amid Extreme Volatility”, and as Bloomberg writes today, “fund managers have shown signs of being cautious when it comes to energy stocks, the only major industry group in the S&P 500 with a positive return so far this year” … Read more