Supply chain chaos is already hitting global growth. And it’s about to get worse

Cargo trucks parked at the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle Grillot | Bloomberg | Getty Images Thanks to the rollout of coronavirus vaccines, the global economy is slowly starting to emerge from the pandemic. But Covid-19 has left one very destructive economic issue in its … Read more

Nord Stream 2: The Russian pipeline that everybody’s talking about

GP – View of the Pipeline Inspection Gauge receiving station, the Nord Stream 2 part of the landfall area in Lubmin on Germanys Baltic Sea coast. JOHN MACDOUGALL | AFP | Getty Images Lubmin, GERMANY – Remote, quiet but energy-rich: the coastal area of Lubmin in north Germany hosts the world’s most controversial gas pipeline. … Read more

Many of 2021’s record ETF launches are ESG-related, but it may not move the needle enough, CEO warns

The growing supply of environmental, social and governance-related exchange-traded funds won’t be enough to meaningfully mitigate broad issues such as climate change, Van Eck Associates’ CEO says. “ESG is good as a coherent investment approach on a fund-by-fund basis to make a difference and it’s good signaling, but to put it in perspective, it’s not … Read more

Jack Dorsey says Square may build a bitcoin mining system, adding to bitcoin price surge

Square CEO Jack Dorsey said late on Friday the company might jump into the bitcoin mining business. Dorsey tweeted that the company is considering a “bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide.” The price of bitcoin rose above $62,000 following Dorsey’s string of tweets, as the world’s … Read more

Climate change will dominate Biden’s agenda when he heads to Europe in two weeks

US President Joe Biden delivers remarks and participates in the virtual Leaders Summit on Climate Session 5: The Economic Opportunities of Climate Action from the White House in Washington, DC, on April 23, 2021. Jim Watson | AFP | Getty Images President Joe Biden and first lady Jill Biden will travel to Europe in two … Read more

Global bank picks Asia stock ‘winners’ to play the energy crisis

BNP Paribas identifies 19 stocks from China to India that are "direct gainers" of rising energy prices and a fuel shortage. Source link

U.S. officially the top destination for bitcoin miners, beating out China for the first time

The U.S. is now the number one destination for bitcoin miners, eclipsing China for the first time ever. While it was already trending in that direction, new data from Cambridge University released early Wednesday makes it official. As of July, 35.4% of bitcoin’s hashrate – an industry term used to describe the collective computing power … Read more

Volatile energy markets are here to stay, IEA warns

Steam rises from the cooling towers of the Lippendorf power plant south of Leipzig, Germany. picture alliance | picture alliance | Getty Images Energy prices around the world are at record highs as a power crunch hits Europe and Asia — and the International Energy Agency warned Wednesday that volatility is here to stay. In … Read more

Tesla took 12 years to build 100,000 cars. China’s Xpeng and Nio took about half that time

Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — China’s electric car companies are racing to ramp up production, faster than Tesla did in its early days. U.S.-listed start-up Xpeng … Read more

Stick to broad commodities exposure amid China’s power crunch, market analyst says

Commodity investors should stay diversified as China’s power crunch roils global energy and materials prices, one market analyst says. Though exchange-traded fund buyers have poured nearly $12 billion into China-based ETFs this year, trying to profit from one piece of the crisis may not be the best strategy, ETF Trends’ Dave Nadig told CNBC’s “ETF … Read more