"Resurgence Of Electrification": Goldman Says EV Demand Gaining Momentum Amid Fuel Price Shock

Beer Demand Goes Flat As Even Alcoholics Pull Back With Gas Above $4 Beer sales across the U.S. over Memorial Day weekend were troublingly soft, according to a new Goldman report, which attributed the weakness primarily to a "challenging macro backdrop" and unusually cold weather across parts of the Lower 48 states. The Gulf-related fuel price shock has kept the national average for 87-octane gasoline above the politically sensitive $4-per-gallon threshold for more than 66 days, or roughly two months. Consumers are already pulling back on purchases at gas stations and...

Bolsonaro Leads As Brazil Election Heads Toward Runoff; Traders Brace For Monday Volatility Summary:  Datafolha Says Election Headed For Runoff  Right-Wing Bolsonaro Leads Socialist Lula Polling closed at 4 pm local time  Brazil Votes In Tight Presidential Election With South America's Future On The Line Bolsonaro Leads But Headed For Election Runoff  Brazil's presidential election is headed for a runoff on Oct. 25. Right-wing Senator Flávio Bolsonaro held about 47.8% of the vote against President Luiz Inácio Lula da Silva's 44.2%, with roughly 92.3% of ballots counted. Paulo Abreu, founding partner and portfolio manager at Rio de Janeiro-based...

US Pulling Large Chunk Of Jets, Refueling Tankers From NATO Defense, Realigning Further East In a move that surprises absolutely no one paying attention, the United States is planning to significantly slash the number of fighter jets and warships it feeds into the NATO machine in Europe, the New York Times reported Thursday. The reported cutbacks hit right as panicked European nations scramble to patch up their own defense capacities. Though long expected given President Trump's somewhat adverse relationship with the NATO alliance, and fiercely critical rhetoric continuously directed at Brussels,...