Day: December 3, 2022

Drought
Water Management
Water Supply

California’s Almond Groves Shrink as Water Supply Dwindles

(Bloomberg) — California farms that supply 80% of the world’s almonds are shrinking for the first time in more than a quarter century as the state’s historic drought leads farmers to abandon orchards or forgo new plantings altogether. The state had an estimated 1.64 million acres at the end of August, down slightly from a […]

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Bonds
Interest Rates
Stock Market

Bonds Rallying Back From Brutal Year Show Power of Higher Rates

(Bloomberg) — Wall Street is finding a reason to keep plowing into the bond market, even with a Federal Reserve that’s still far from declaring victory in its war against inflation. The selloff that hit investors with record-setting losses during the first 10 months of the year also brought a stark end to an era […]

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Dry Bulk Shipping
Seaborne Shipping
Shipping Transportation
Trade Of The Day

Top Shipping Stock To Buy Now

TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. The company transports gasoline, jet fuel, and naphtha. As of March 23, 2022, it operated a fleet of approximately 85 vessels. TRMD $29.3400 0.6700 % 2.3400 Torm Plc Cl A Sector : Transportation Industry : Transportation – […]

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Crypto
Crypto Crash
Crypto Stocks

Crypto Stocks Teeter Near Abyss as Fink’s Warning Adds to Angst

(Bloomberg) — Analysts and investors are struggling to call a bottom in crypto stocks in the wake of a brutal month that ended with the head of BlackRock Inc. saying most digital-asset firms won’t survive. Cryptocurrency firms including Coinbase Global Inc., Galaxy Digital Holdings Ltd. and MicroStrategy Inc. all plunged more than 25% last month. […]

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