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Social Media Stocks Jump After Snap Results Suggest Ad Strength – Yahoo Canada Finance

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Bloomberg

Oil and Gasoline Tumble in Wake of Mounting U.S. Fuel Supplies

(Bloomberg) — Oil plummeted and gasoline futures tumbled after a U.S. government report showed swelling fuel stockpiles and slowing demand as the coronavirus pandemic rages.Crude futures in New York declined as much as 3.9% on Wednesday, while gasoline futures dropped over 4%. Domestic gasoline inventories rose 1.9 million barrels last week, the biggest increase since May, while a measure of gasoline consumption slid to the lowest since late September, according to an Energy Information Administration report. The mounting fuel supplies and lackluster demand may worsen during the normally sluggish winter driving months.“The resurgence in Covid-19 has put a pause in the expectation that we’d see increased demand,” said Brian Kessens, a portfolio manager at Tortoise, a firm that manages roughly $8 billion in energy-related assets. “The build in gasoline is an indicator that we are seeing that truly play out.”Rising coronavirus infections worldwide are putting a damper on an already murky demand outlook, with governments imposing or considering tighter restrictions. Milan, Italy’s financial capital, will be under night-time curfew beginning this week, while Germany’s new infections reached a record. In the U.S., New York posted more than 2,000 new Covid-19 cases for the first time since May.JBC Energy cut its outlook for oil-products demand this year and early 2021, saying that “the persistent lack of recovery in U.S. gasoline demand remains particularly worrisome.”Flagging fuel demand highlights the importance of ongoing discussions over the next round of U.S. virus aid to reviving energy consumption. White House Chief of Staff Mark Meadows said the goal in talks with House Speaker Nancy Pelosi is a deal on a coronavirus relief package within the next 48 hours, though any agreement likely faces a roadblock in the Republican-controlled Senate.“There’s concern about the growing virus caseload in a lot of places hitting demand, especially if there’s not some fiscal stimulus,” said Michael Lynch, president of Strategic Energy & Economic Research. “Global inventories are still quite high and they’re not going to come down until we get a stronger demand recovery. Now, it looks like that will be pushed further out into the future.”The surprise gasoline build led to another leg lower for refining margins. The so-called crack spread for combined gasoline and diesel against WTI futures slumped to the lowest since early April, providing little incentive for refiners to churn out more product in the midst of depressed demand.“There’s no reason for these guys to run the refinery. It’s a losing proposition,” said Bob Yawger, head of the futures division at Mizuho Securities. “There’s nobody that’s in a hurry to bring refinery utilization rates back up.”In another sign of weakness, the EIA report showed a fifth straight weekly build at the nation’s biggest storage hub in Cushing, Oklahoma. Crude inventories there are now over 60 million barrels for the first time since May. The spread between WTI’s nearest contracts weakened to its widest contango structure in about a week, signaling concerns of oversupply.Still, distillate stockpiles decreased 3.83 million barrels last week and crude stockpiles dropped just over 1 million barrels, the government data showed.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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Teck Media and Investor Webcast Advisory Toronto Stock Exchange:TECK.A – GlobeNewswire

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VANCOUVER, British Columbia, Nov. 25, 2020 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Don Lindsay will be presenting at the Citi Basic Materials Virtual conference on Wednesday, December 2, 2020 at 3:00 p.m. Eastern/12:00 p.m. Pacific time. The investor presentation will include information on company strategy, financial performance and outlook for the company’s business units.

The fireside chat presentation will be webcast through the following link at: https://kvgo.com/citi/teck-resources-ltd-december-2020.

Alternatively, the webcast with supporting slides will be available on Teck’s website at: www.teck.com.

About Teck
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal and zinc, as well as investments in energy assets. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:
Ellen Lai
Coordinator, Investor Relations
604.699.4257
ellen.lai@teck.com

Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

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Teck Media and Investor Webcast Advisory Toronto Stock Exchange:TECK.A – GlobeNewswire

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VANCOUVER, British Columbia, Nov. 25, 2020 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Don Lindsay will be presenting at the Citi Basic Materials Virtual conference on Wednesday, December 2, 2020 at 3:00 p.m. Eastern/12:00 p.m. Pacific time. The investor presentation will include information on company strategy, financial performance and outlook for the company’s business units.

The fireside chat presentation will be webcast through the following link at: https://kvgo.com/citi/teck-resources-ltd-december-2020.

Alternatively, the webcast with supporting slides will be available on Teck’s website at: www.teck.com.

About Teck
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal and zinc, as well as investments in energy assets. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Investor Contact:
Ellen Lai
Coordinator, Investor Relations
604.699.4257
ellen.lai@teck.com

Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com

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Ten Things We're Thankful For in Sports Media: TRAINA THOUGHTS – Sports Illustrated

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This is the last edition of Traina Thoughts until Monday, so we’d like to give a shoutout to what we’re thankful for in the world of sports media.

Obviously, it goes without saying that in this bizarre year, what we should all be thankful for more than anything when it comes to sports is all the people who helped give us sports back after they were shut down because of the pandemic.

From the athletes playing in the games, to the people working in stadiums and arenas, to broadcasters and camera people and everyone in between, there were tons of people who put their health at risk in order for the sports world to return in the second half of 2020.

My list, though, will focus on the lighter side of sports. So, without further ado, here are 10 things I’m most grateful for in 2020 from the world of sports media:

10. John Sterling and Suzyn Waldman: Since I’m a Yankees fan, John and Suzyn, who call New York games for WFAN in New York, are the voices of my summer. This summer, I needed familiarity more than anything. Hearing their voices and the unique way they call a game helped distract me from what was going on in the real world.

9. Stephen A. Smith: I don’t care about any of Smith’s sports takes and I can only handle the performance artist in small doses, but every now and then he hits all the right notes on something wacky, like NBA players not being able to abstain while in the NBA bubble, and it’s great TV.

8. Chris “Mad Dog” Russo: Still the single most entertaining sports radio host in the country. I don’t agree with about half of what he says, he can’t pronounce anyone’s name and he may be stuck in the Dark Ages when it comes to things like social media and technology, but from 3 p.m. to 6 p.m. every day on SiriusXM, the Doggie will entertain you like no other.

7. Inside the NBA: In the most unusual season they will ever cover, Ernie, Chuck, Kenny and Shaq were as good as ever. The way the hosts can instantly switch gears from ribbing each other to talking about social issues is a skill few have in sports media. They also aren’t afraid to go where most in sports media won’t go. We could use more of that on sports television.

Just two of many highlights from this season: Barkley calling Shaq “Karen.”

And Ernie Johnson giving Barkley a cognitive test.

6. Conrad Thompson/Bruce Prichard/Jim Ross: If you are a wrestling fan who grew up in the ’80s and stuck with the WWF/WWE through the attitude era, the podcasts hosted by these men are essential listening. Thompson and Prichard host Something to Wrestle and Thompson teams up with Ross for Grilling JR. I can’t recommend these podcasts enough.

5. Scott Van Pelt’s “Bad Beats:” I’ve said this before and I’ll say it again, if you are an individual who partakes in sports betting, you absolutely, positively must watch this segment that airs each Monday night on Van Pelt’s edition of SportsCenter. Of course, you can always catch it each Tuesday in Traina Thoughts.

4. Good Morning Football: If you read Traina Thoughts, you know I write about this show a lot—and with good reason. No hot takes, no outlandish comments that the host spewing them doesn’t believe and four people—Kay Adams, Nate Burleson, Kyle Brandt and Peter Schrager—who are immensely likable. It’s the perfect way to get your morning started each weekday beginning at 7 a.m. ET on NFL Network.

3. The Rock’s Instagram: You really get it all with The Great One on IG: gluttonous cheat meals, ridiculous workout videos, videos of him singing to his daughter, hilarious throwback photos from his younger days, complete with self-deprecating captions, and much more.

2. Al Michaels, Joe Buck, Jim Nantz: In this day and age when you can pinpoint every single mistake, no matter how small it is, and blast it all over Twitter, we take for granted how good we really have it on Sundays. Each and every week, the biggest NFL game of the day is called by a GREAT play-by-play broadcaster, whether it’s Nantz on CBS, Buck on Fox or Michaels on NBC. Their styles are different, but each one works perfectly. 

1. The SI Media Podcast listeners: Don’t get me wrong, I’m grateful and thankful for the Traina Thoughts readers, as well. If you include the old Hot Clicks days, I’ve been doing this a long time, and the loyalty many of you have shown me is something I don’t take for granted. The fact I have an audience after all this time blows me away on a daily basis.

But listening to the podcast takes a little more effort than reading the column, so that’s why I want to single in on SI Media Podcast listeners. I can’t thank you enough for subscribing and listening.

I’d also like to plug a brand new episode that dropped Wednesday morning. It features an interview with New York Post sports media columnist Andrew Marchand.

We discussed the situation with Jim Nantz’s contract and the payday he’s seeking, the weird battle between ESPN and The Dan Le Batard Show, NFL ratings bouncing back, the state of NFL broadcasters and much more.

You can listen to the podcast below or download it on Apple, Spotify, Stitcher and Google Play.

Be sure to catch up on past editions of Traina Thoughts and check out the Sports Illustrated Media Podcast hosted by Jimmy Traina on Apple, Spotify or Stitcher. You can also follow Jimmy on Twitter and Instagram.

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