21Dec2020 Pre-Market Commentary: Wall Street Set To Open Sharply Down, DOW Down 480 Points, Nasdaq Down -1.2%, WTI Crude Down To 47.20, European Stocks Fall Sharply, Stoxx 600 Down 2.9%

Here is the current market situation from CNN Money

European markets are broadly lower today with shares in Germany off the most. The DAX is down 3.22% while London’s FTSE 100 is off 2.60% and France’s CAC 40 is lower by 0.39%.

Fuel Demand In India Is Soaring Despite Pandemic

India, the worlds third-largest oil importer and consumer, turned from the worst-performing demand market in July into one of the fastest-growing fuel demand markets in November, lending support to oil prices together with strong demand in China and progress with vaccine development and rollout. Indias demand for all types of petroleum products has nearly reached pre-COVID levels, prompting domestic refineries to crank up crude oil processing rates. The rebound in one of the worlds biggest oil growth drivers before

The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St.

Big money is turning its back on companies that arent conforming to one simple ideaSustainability. And its fueling one of the biggest transfers of capital the world has ever seen.In fact, within a year, 77% of institutional investors will stop buying into companies that arent, in some way, sustainable. And the new King of Wall Street is leading the charge.BlackRock, with over $7 trillion in assets under management, says its clients will double their ESG investments in just five yearsMoney managers on the Street

Colombias Oil Industry Could Stage A Comeback In 2021

The last year has been rough for Colombias economically vital petroleum industry. Toward the end of 2019 and at the start of 2020 government and industry bodies were expecting a strong 2020 for the countrys hydrocarbon sector. The Andean countrys peak industry body the Colombian Petroleum Association (ACP Spanish initials) initially anticipated a notable 23% year over year increase in investment to just shy of $5 billion. It was anticipated that would lead to an average daily production during 2020 of 890,000 barrels

Cutting-Edge Tech Is The Future Of Emissions Control

Methane emissions, especially those from the oil and gas industry, are becoming the new focus of attention for regulators and environmentalists. Tracking and measuring carbon dioxide emissions is now standard practice, but methane emissions used to be elusive. This is no longer the case, thanks to cutting-edge tech. The European Space Agency recently reported that its scientists had used data from two satellites to map methane emissions from space, in partnership with data analytics services provider Kayrros, which developed the tools that made

Russias Largest Oil Company Is Spinning Off Key Assets

Proverbs tell us a great deal about how a views the same phenomenon. Brits would say that necessity is the mother of invention whilst many Eastern European nations would contend that it is poverty that is the mother of all arts and both would mean more or less the same thing. What happens if those at the helm get really creative, perhaps even without an apparent need for it? Rosnefts push to propel its Vostok Oil project into the limelight might have brought about an illustrative case of how crafty people can get when future prosperity

Could Coal Help Canada Out Of Its Oil Slump?

Things may be looking up for Canadian oil, but improving on something as dismal as the condition of our northern neighbors oil sector doesnt necessarily mean theyll be going gangbusters–it could just mean that theyll be eking out another year with a modicum less of hardship. Wall Street may be feeling bullish about Canadian oil, but Alberta, the province that the Canadian oil sands call home, is hedging its bets and looking toward another fossil fuel as its possible road to salvation. And no, the answer isnt

‘Out of control’ Covid strain makes UK a global pariah as countries impose travel bans

A highly contagious new variant of the coronavirus is causing countries in Europe and elsewhere to block travel from Britain.

Millionaires are bracing for tax hikes next year, CNBC survey finds

Nearly two-thirds of millionaires say taxes will go up under a Biden administration, according to the survey.

Experts expect vaccines to protect against the UK’s fast-spreading Covid strain

Existing vaccines for Covid-19 will be effective in fighting off infection from new strains of the coronavirus, multiple experts told CNBC on Monday.

CDC panel says frontline essential workers, people 75 years and older should get Covid vaccine next

“We are faced with the situation, at least in the short term, where we have a limited supply of vaccine available to us,” Dr. Nancy Messonnier of the CDC said.

Airlines would get $15 billion in federal aid, must call back more than 32,000 furloughed workers

Airlines received $25 billion in payroll support under the $2.2 trillion CARES Act in March.

Wall Street analysts make a big S&P 500 call for 2021. Market history says ignore them

Analysts are issuing bullish stock market predictions for 2021, but Wall Street’s history of forecasting the S&P 500 is not a great one.

Op-ed: ‘Investor alpha’ is the most important financial strategy for 2021

Wise investors in these times will focus on the “alpha” they can generate by minding four concepts: tax efficiency, savings rate, automation and portfolio fees.

5 things to know before the stock market opens Monday

The Dow was set to sink at Monday’s open as airlines, cruise lines and hotel stocks were hit on concerns about a new strain of coronavirus in the U.K.

U.S. slashed vaccine numbers for several states due to confusion over FDA requirement

Operation Warp Speed officials’ error disrupted Covid-19 vaccination distribution plans in at least 14 states.

‘The Mandalorian’ launched Disney+, now it has the goodwill to usher in a new era of Star Wars

Under the careful direction of showrunners Jon Favreau and Dave Filoni, “The Mandalorian” has reignited faith in the Star Wars franchise.

Covid vaccinations for the general public ‘won’t be chaos,’ assures Walgreens executive

Walgreens executive Rick Gates discussed the preparedness of the company’s pharmacies and pharmacists to administer the Covid vaccine safe and effectively.

European stocks fall sharply amid jitters over new coronavirus strain; Stoxx 600 down 2.9%

European markets fell sharply on Monday morning as investors monitored a fast-spreading new variant of the coronavirus strain in the U.K.

Super Bowl ads could be a bargain if the NFL’s Covid struggles continue

With the pandemic impacting the NFL’s scheduling, advertisers who are not yet committed could see last-minute discounts for Super Bowl slots on CBS.

Did Yellen Anxiety Spark Biggest USD Spike In 6 Months?

Did Yellen Anxiety Spark Biggest USD Spike In 6 Months? Tyler Durden Mon, 12/21/2020 – 08:28

…forced traders to accelerate year-end de-grossing to protect P&L.

US Treasury Blasts “Programming Alert” Email: Mnuchin To Appear On CNBC At 9am

US Treasury Blasts “Programming Alert” Email: Mnuchin To Appear On CNBC At 9am Tyler Durden Mon, 12/21/2020 – 08:25

Programming Alert: Secretary Mnuchin on CNBC

White Christmas Forecast For Much Of America, Followed By Arctic Blast

White Christmas Forecast For Much Of America, Followed By Arctic Blast Tyler Durden Mon, 12/21/2020 – 08:14

“Here is a look at what 103 computer model ensembles say for the chance of 1″+ of snow for Christmas.”

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Appeals Court Rejects Lawsuit Seeking Stronger Signature-Matching In Georgia Senate Runoffs

Appeals Court Rejects Lawsuit Seeking Stronger Signature-Matching In Georgia Senate Runoffs Tyler Durden Mon, 12/21/2020 – 07:54

A district court found the plaintiffs lacked standing, prompting an appeal to the U.S. Court of Appeals for the Eleventh Circuit.

Supermarkets try to calm food shortage fears amid border chaos

But Sainsbury’s could see “gaps” in supply if the French ban on hauliers travelling from the UK continues.

FTSE and pound fall as European borders close to UK

Concern over the UK’s new Covid-19 variant and a missed EU talks deadline take their toll on markets.

Amigo Loans: Bid for survival with plan to cap compensation

The sub-prime lender is facing a deluge of complaints from people who say their loans were unaffordable.

Want to play the solar boom in India? This stock is your best bet

Borosil last week raised Rs 200 crore through qualified institutional placement for expanding its capacities. FPIs have also increased their stake from 0.42 per cent to 10.08 per cent in the QIP.

Market Movers: SpiceJet, InterGlobe Aviation tank; 314 stocks flash sell signal

All the 30 components of the Sensex pack ended in the red. With a fall of 9.15 per cent, ONGC emerged as the top loser in the benchmark equity index.

ETMarkets Survey: Potential party poopers for 2021 that call for strict vigil

Analysts at a dozen brokerages largely agreed that rising inflation would pose a key risk to any further upside for the market.

Why Robinhood’s $65 million fine is a cautionary tale for retail investors: ‘You’re saving a penny to lose a nickel’

‘If you’re not paying for something, you are going to pay for it in a way you can’t see,’ says one consumer advocate.

: Nike stock heads toward record after earnings show a return to sales growth

Nike Inc. shares moved toward fresh record highs in after-hours trading Friday, after the athletic-apparel giant reported a return to revenue growth.

The Ratings Game: Tesla stock price target gets a 28% boost at Wedbush, but not enough to recommend buying

Tesla Inc. got a nice endorsement from prolific Wedbush analyst Dan Ives, who said the China demand story was playing out, but that still wasn’t enough to get his to recommend buying the electric vehicle maker’s stock.