Tuesday, August 25, 2020

Study: Black turbine blades reduced bird mortality by 72%

  • Some very long-term trends are changing for the better. First, insurance giant Suncorp says it won't insure oil or gas companies and projects. And now Exxon, the world’s biggest company as recently as 2011 is booted from the Dow Industrials.

  • Utilization rates for Very Large Crude Carriers (VLCC) fell to 44% in August, their lowest level this year according to Vortexa data. The sharp drop since the year-to-date high of 52% in May follows stymied global demand recovery for crude and a significant loss of cargoes compared to 2019 levels.

  • DJIA changes: Out go Exxon Mobil (ticker: XOM), Raytheon Technologies (RTX), and Pfizer (PFE). In come Salesforce. com (CRM), Honeywell International (HON), and Amgen (AMGN).

  • Germany’s economy shrank by 9.7% from April to June compared with the first three months of the year.

  • The Conference Board said its consumer confidence index slumped to 84.8 in August after tumbling to a downwardly revised 91.7 in July.

  • U.S. new home sales rose by 13.9 % to an annual rate of 901,000 in July after rising by 15.1 % to a rate of 791,000 in June.

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