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Joe Biden, Oilman? He’d never characterize himself that way, given that he wants his presidency to mark the most decisive move yet toward green energy. But uncomfortable realities are forcing President Biden to tacitly condone new U.S. oil drilling and offer federal support for the increased production and export of U.S. natural gas. It could turn out to be the biggest unannounced pivot of his presidency. After Russia invaded Ukraine on Feb. 24, the United States and many other countries… Source link

Nvidia introduced a new version of its autonomous-driving platform at its GTC developers conference this week. Automotive is a small segment of the company’s business. But it’s getting a lot of attention from Nvidia founder and CEO Jensen Huang. At the conference, Huang touted the company’s $11 billion vehicle-tech order pipeline over the next six years. But he says that’s only one slice of the potential market for autonomous-driving technologies and their importance to Nvidia ( Source link

The 40-minute introductory media conference — full of direct questions and defiant answers concerning Deshaun Watson and the 22 civil lawsuits alleging sexual assault against him — was complete. With the words done, the Cleveland Browns and their new quarterback used their actions to make their thoughts clear — namely, that this was business as usual in the NFL. As the news conference ended, Watson stood behind a table holding a No. 4 Browns jersey in the air. He was flanked by general… Source link

Goodbye, Spotify. Hello, Sputnik? Music streaming giant Spotify (SPOT) is the latest to join a growing list of media platforms halting operations in Russia following a law passed by the Kremlin earlier this month that threatens to jail any person or entity spreading “fake” news for up to 15 years. Spotify confirmed to Yahoo Finance that the music streaming giant made the “difficult” decision Friday to suspend its service in the country. The company said it will have to take several… Source link

Amazon (AMZN) warehouse workers at a facility in Staten Island, New York, began casting their votes in a union election on Friday, thrusting the e-commerce giant into a nationwide surge of workers organizing across major companies like Starbucks (SBUX) and Disney (DIS). The Staten Island warehouse marks the second site of a union election among a large group of warehouse workers in Amazon’s history, arriving roughly one year after the overwhelming defeat of a labor drive at an Amazon… Source link

Portland Trail Blazers star Damian Lillard spoke to Yahoo Sports in his first interview since it was announced he’d be sidelined for the remainder of the 2021-22 season to continue rehabbing from abdominal surgery he underwent in January. The six-time All-Star revealed how he feels physically, what he learned during the rehab process, why he believes we haven’t seen the best of him, what Portland needs to do in the critical offseason to contend for a title, his personal and collective… Source link

As a staunch supporter of the fossil fuel industry, Rep. Chris Stewart (R-UT) has received more contributions from oil and gas companies than any other industry during his near decade in political office. But in the face of record high gas prices and energy supply constraints exacerbated by the Russian invasion of Ukraine, Stewart is finding common ground with the Biden administration on at least one issue — the need to accelerate investments in renewable energy. “We should be moving… Source link

The housing market in the U.S. may finally be cooling off. Pending home sales, a leading indicator of the health of the housing market, declined for the fourth straight month. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, fell 4.1% in February from January and dropped 5.4% from the same month a year ago. The results were disappointing as analysts predicted a 1.0% increase in sales from a month… Source link

European stocks: US President Joe Biden gives a joint press statement with European Commission President Ursula von der Leyen in Brussels, Belgium. Photo: Evelyn Hockstein/Reuters European stock edged higher on Friday as US president Joe Biden and European officials announced plans to send US natural gas to Europe. The FTSE 100 (^FTSE) was up 0.1% to 7,482, while the French CAC (^FCHI) was 0.1% lower. The DAX (^GDAXI) was up by 0.2% as trading closed in Europe. Across the pond, stocks stalled… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 25, 2022 Believe it or not, the first quarter ends a week from today. That means Q1 earnings season is just around the corner. The past three months have been particularly eventful from the perspective of risk. Geopolitical angst spiked in February with Russia’s invasion of Ukraine. The conflict has sent global food and energy… Source link