Tag Archives: winter

Digital asset manager Osprey Funds has laid off 15 employees and is currently operating with fewer than 10 employees, including four members of its leadership team, a source familiar with the matter tells Yahoo Finance. “Osprey had layoffs last summer and fall aligned with the downturn in the crypto market, however Osprey remains strong,” Osprey Funds CEO Greg King told Yahoo Finance over email. Osprey’s Bitcoin Trust (OBTC), which is available at online brokers Fidelity, Charles Schwab, and… 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 Thursday, December 22, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Crypto winter be damned — bitcoin and ethereum investors are still laser-focused on an industry in free-fall being rocked by… Source link

(Bloomberg) — In the most densely populated corner of the US, temperatures are about to drop after a stretch of unusually warm weather. And the signs of a winter crisis are already multiplying. Most Read from Bloomberg Heating oil delivered to New York is the priciest ever. Retailers in Connecticut are rationing it to prevent panic buying. New England’s stockpiles of diesel and heating oil — the same product, taxed differently — are a third of normal levels. Natural gas inventories are… Source link

A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis. Artur Widak | Nurphoto | Getty Images Not even Google is immune from the Crypto winter. In Alphabet’s third-quarter earnings call on Tuesday, Philipp Schindler, Google’s chief business officer, blamed a slowdown in revenue growth in part on reduced ad spending by cypto companies and other financial firms. “In the third quarter, we did see a pullback in… Source link

Consumers could be paying at least 20% more on their heating bills this winter. Tight oil refining capacity and low stockpiles are expected to keep prices elevated during the colder months. “Our heating, oil inventories are very low. I mean the lowest, I think, that they’ve ever been. Does it mean that we’re going to have run out of inventories? No, it means that we’re going to have the potential for spikes, particularly in a cold winter,” CIBC Private Wealth Senior Energy Trader Rebecca… Source link

China has been supplying LNG to Europe after Russia curbed supply to the region.Hoëgh LNG China told state-owned natural gas importers like Sinopec and CNOOC to halt LNG sales to Europe, per Bloomberg. The order to halt resales comes as Beijing looks to protect domestic gas supplies for the winter. China has been a crucial supplier of gas to Europe as the region faces a Russia-driven energy crisis. Beijing has reportedly told state-owned natural gas importers to halt resales of cargoes to… Source link

NEW YORK — United Nations Secretary-General António Guterres warned that war, famine and climate change are setting the stage for “a winter of global discontent” in his remarks opening the U.N. General Assembly on Tuesday morning. Speaking to a crowd that included heads of state, many of whom will address the General Assembly this week, Guterres warned that these and other ills, including global inflation and growing economic inequality, pose acute challenges demanding swift action. But he… Source link

Households can expect to pay more to heat their homes this winter. “Natural gas futures (NG=F) prices are more than double what they were one year ago,” according to Andy Lipow of Lipow Oil Associates. The energy analyst notes home heating oil is also higher and the cost of delivering it to the home is going up as well. “The consumer is going to pay more for their heating bills this winter, whether they use natural gas or home heating oil. Most will have sticker shock,” Lipow recently… 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 Wednesday, May 18, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him @SPYJared It’s been a frosty year for crypto, which turned bitter cold during last week’s stablecoin meltdown. As bitcoin (BTC-USD) flirts with levels not seen since late 2020, one institutional trader is making a bold call… Source link

Valkyrie Investments announced on Tuesday it has crossed $1 billion in assets under management (AUM), partly underscoring the volatile cryptocurrency market’s tentative recovery from a brutal fall-winter slump. To be sure, digital tokens are a long way from the crypto market’s rip-roaring heyday back in the fall, when Bitcoin (BTC-USD) scaled to a fresh record near $69,000, but Valkyrie’s announcement showed how some crypto asset managers are positioning themselves to outlast the whipsaw… Source link