Global Oil Deficit To Hit 1.8 Million Bpd This Quarter, IEA Forecasts

When Will The Cattle Cycle Turn? BofA Has Answers For Beef Lovers Bank of America analysts spoke with Oklahoma State University agricultural economist Derrell Peel, who offered new insight into the US cattle cycle. His key takeaway: the herd-rebuilding phase may not meaningfully begin to turn until near the end of the decade, suggesting elevated beef prices at the supermarket are here to stay. The most important issue in the beef industry is when the cattle cycle will turn. The US beef cow herd is the smallest since 1961, while...

Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy Summary:  Lucid Reponds, Denies AlixPartners Has Recommended Bankruptcy Route   Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy Lucid Denies Report  Lucid responded to Electric-Vehicles.com's report, stating that restructuring adviser AlixPartners has not recommended bankruptcy. Bloomberg headline: LUCID SAYS ALIXPARTNERS HAS NOT RECOMMENDED BANKRUPTCY Electric-Vehicles.com's report did mention that another strategic option would be a take-private transaction. Here are Lucid's top shareholders: Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy Shares of struggling EV maker Lucid plunged as much as 49% after auto-industry news website Electric-Vehicles.com reported...

GOP Blocks Congressional Democrats Attempt At Iran War Powers Vote (Update 1245ET): House Republicans thwarted Democrats’ attempt to unanimously restrict President Donald Trump’s war powers in Iran, declining to recognize the lawmaker who sought to offer it during a pro forma session Thursday. As Bloomberg reports, the forced-adoption attempt was destined to fail, but it previewed Democrats’ focus on rebuking the war in Iran when the chamber returns to session next week. Rep. Glenn Ivey (D-Md.) asked for unanimous consent to advance the Iran war powers resolution during a pro forma, or...