Bài đăng

Đang hiển thị bài đăng từ Tháng 3, 2022

Charts suggest corn and wheat futures could continue to rise due to Russia-Ukraine war, Cramer says

Hình ảnh
  CNBC’s Jim Cramer on Tuesday said corn and wheat prices could continue to rise due to Russia’s invasion of Ukraine, leaning on analysis from Carley Garner, senior commodity market strategist at DeCarley Trading. “The charts, as interpreted by Carley Garner, suggest that both wheat and corn prices are headed higher here. Maybe much higher. And that is the last thing we want to see, but we might have to get used to it,” the “ Mad Money ” host said. Cramer said that Ukraine and Russia account for a third for the world’s wheat production, and while this year’s crop was planted before war broke out between the two countries, harvesting and shipping could be a challenge due to high energy costs and safety concerns. Wheat futures  Current prices are the highest they’ve been since 2008, when a slew of factors including high oil prices and unusually dry weather in the United States led wheat to leap to $13 a bushel from the $3 to $6 it hovered around for decades prior, Cramer said. Garner bel

Hydrogen-powered train a step closer to passenger service in Germany

Hình ảnh
  A model of Siemens Mobility’s Mireo Plus photographed in 2019. Nicolas Armer | Picture Alliance | Getty Images Plans to deploy a hydrogen-powered train in the southern German state of Bavaria took a step forward this week after Siemens Mobility and rail operator Bayerische Regiobahn put pen to paper on a leasing contract. The signing of the contract, which took place on Tuesday, builds upon a letter of intent from last summer. In a statement Wednesday,  Siemens  said testing of the prototype train would start in mid-2023 on routes including one between Augsburg and Füsse, with the train slated to officially begin a passenger service in Jan. 2024. The two-car train is based around Siemens Mobility’s Mireo Plus platform. It will use fuel cells that are roof-mounted and incorporate underfloor batteries. Albrecht Neumann, rolling stock CEO at Siemens Mobility — a separately managed business of Siemens — described the Mireo Plus H as featuring “high driving power, excellent acceleration c

Relying on sanctions to stop Russia could go ‘terribly wrong,’ says Niall Ferguson

  WATCH NOW VIDEO 03:27 Niall Ferguson: Ukraine’s resistance can’t last much longer against Russia The strategy of sitting back and waiting for Russia’s war machine to grind to a halt because of sanctions could go “terribly wrong,” according to Niall Ferguson, a senior fellow at the Hoover Institution at Stanford University. “It’s a highly risky strategy,” he said. The Ukrainian resistance cannot hold the fort for much longer, and sanctions by the West won’t be able to stop Russia in time, he told CNBC’s  “Squawk Box Asia”  on Friday. He said the U.S. is relying heavily on sanctions and “very belated arms deliveries” to Ukraine, but he’s concerned that those fighting for Ukraine won’t be able to defend the country for long. Though the Russians have sustained more casualties than expected, they are still “advancing steadily,” he said. “The assumption that this is going to drag out, that the United States can sit back and watch the economic sanctions do their work may be gravely mistaken

Putin denies martial law is coming, warns against no-fly zone; Zelenskyy talks with Biden

Hình ảnh
  The U.S. State Department is urging Americans to leave Russia immediately, warning of potential harassment by Russian security officials and of possible issues with accessing money within the country. Also on Saturday, Russian President Vladimir Putin warned that he would consider any third parties that declare a no-fly zone over Ukraine to be participants in the conflict. Earlier in the day, Ukraine’s deputy prime minister said Russia violated a cease-fire agreement and that attacks are ongoing in the cities of Mariupol and Volnovakha. Russia and Ukraine had agreed to the temporary cease-fire in the two cities to enable civilians to leave safely. Russian and Ukrainian officials are expected to hold a third round of talks on Monday, according to Ukrainian negotiator David Arakhamia. The Kremlin has not yet confirmed such a meeting. 6 MIN AGO Putin ‘forced to deny’ reports that martial law is coming to Russia Security forces arrest a Russian anti-war protester in Moscow on March 3, 20