Friss Mai Hírek https://kazal.hu Friss: gazdaság, bulvár, sport, belföldi, és külföldi hírek. A legfrissebb mai hírek. Fri, 30 Oct 2020 12:46:08 +0000 hu hourly 1 https://wordpress.org/?v=5.0.11 Coronavirus NYC: de Blasio warns ‘huge restrictions’ as cases rise – Daily Mail https://kazal.hu/2020/10/30/coronavirus-nyc-de-blasio-warns-huge-restrictions-as-cases-rise-daily-mail/ https://kazal.hu/2020/10/30/coronavirus-nyc-de-blasio-warns-huge-restrictions-as-cases-rise-daily-mail/#respond Fri, 30 Oct 2020 12:46:08 +0000 http://52781154950511 New York City Mayor Bill de Blasio has warned that ‘huge restrictions’ could be on the horizon after the city recorded what he described as a ‘meaningful jump’ in new COVID-19 infections. De Blasio threatened to backpedal on the city’s reopening Thursday, saying the growth in cases ‘worries’ him, despite the figures showing less than […]

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New York City Mayor Bill de Blasio has warned that ‘huge restrictions’ could be on the horizon after the city recorded what he described as a ‘meaningful jump’ in new COVID-19 infections.

De Blasio threatened to backpedal on the city’s reopening Thursday, saying the growth in cases ‘worries’ him, despite the figures showing less than 2 percent of New Yorkers being tested are returning positive results for the virus.

The seven-day average positivity rate for COVID-19 tests reached 1.92 percent Wednesday while the daily rate was 2.7 percent.

Though the seven-day average is at its highest level since mid-June, it is still considerably lower than the national rate of 6.3 percent. 

New York state also has the second lowest seven-day positivity rate of all US states at 1.5 percent, with only Maine recording a lower rate at 0.8 percent.

By contrast, Wyoming is currently recording a rate of 55.2 percent and South Dakota 46.2 percent. 

New restrictions would come as a major blow to the Big Apple after residents and businesses endured one of the longest lockdowns, with hard-hit restaurants only reopening to indoor dining last month. 

New York City Mayor Bill de Blasio (pictured Tuesday) has warned that 'huge restrictions' could be on the horizon after the city recorded what he described as a 'meaningful jump' in new COVID-19 infections

New York City Mayor Bill de Blasio (pictured Tuesday) has warned that ‘huge restrictions’ could be on the horizon after the city recorded what he described as a ‘meaningful jump’ in new COVID-19 infections

De Blasio said he was ‘increasingly concerned’ about the rise in positive tests in the city during a press conference Thursday. 

‘Here’s where I am increasingly concerned, which is the percentage of people testing positive citywide for COVID-19, threshold five percent, today’s report is 2.7 percent,’ he said.  

De Blasio said the seven-day average postivity rate had been hovering around 1.5 percent to 1.75 percent over the last couple of weeks but this marked the first time it climbed as high as 1.92 percent. 

‘That alone is not a number that would overwhelm us, but the growth is what worries me,’ he said. 

‘And we cannot allow that number to keep growing. We’re really going to have to double down.’   

The mayor admitted the positivity rate is ‘not a perfect measure’ but said it was ‘a very worrisome number’. 

Positivity rates are likely to be higher than the true infection rates among the population because people often only get tested when they show symptoms or have been knowingly exposed to virus.   

De Blasio said the increase was partly due to ‘red zones’ in Brooklyn – including Borough Park, Mapleton and Midwood- and Queens where clusters of cases have been reported. 

The seven-day average positivity rate for COVID-19 tests reached 1.92 percent Wednesday while the daily rate was 2.7 percent. De Blasio said the increase was partly due to 'red zones' in Brooklyn and Queens where clusters of cases have been reported (above)

The seven-day average positivity rate for COVID-19 tests reached 1.92 percent Wednesday while the daily rate was 2.7 percent. De Blasio said the increase was partly due to ‘red zones’ in Brooklyn and Queens where clusters of cases have been reported (above)

New York Governor Andrew Cuomo implemented a color-coded, tiered system for areas of concern where further restrictions have been introduced after spikes in cases.

The red zone in Brooklyn recorded a seven-day rolling average for 3.64 percent and the Brooklyn yellow zone 2.47 percent, according to state figures.

Queens Far Rockaway recorded a 1.88 percent average and Queens Kew Garden Hills/Forest Hills 2.57 percent.  

Of New York City’s five boroughs, Staten Island recorded the highest daily positivity rate Wednesday at 2.4 percent followed by the Bronx at 2.1 percent, according to state figures.

Manhattan recorded a rate of 0.7 percent while both Brooklyn and Queens were at 1.7 percent.  

De Blasio said the rise in the city wasn’t due to restaurants though he did mention them as ‘sensitive areas of concern’. 

‘My strong impression is we’re seeing something generalized,’ de Blasio said. 

‘What we do know is what are the more sensitive areas of concern… bars, restaurants, nightclubs.’ 

New York state also has the second lowest seven-day positivity rate of all US states at 1.5 percent. Pictured a chart of its problem zones

New York state also has the second lowest seven-day positivity rate of all US states at 1.5 percent. Pictured a chart of its problem zones 

De Blasio did not explain what the ‘huge restrictions’ would be or at what positivity rate they would be enforced and his office referred DailyMail.com’s request for clarification to his press conference transcript, saying the mayor was discussing hypotheticals if a second wave hits.    

The mayor previously said if the seven-day average positivity rate hits 2 percent, indoor dining could shutter across the city.

This would mark a huge blow to the city’s bars and restaurants which were only allowed to reopen indoor dining at 25 percent capacity on September 30.

The limitations – along with months of closures – have already spelled the end for dozens of businesses. 

According to comments made by de Blasio in the past, indoor dining could be first to face the ax when the city reaches a 2 percent rate, followed by schools when it reaches 3 percent. 

The mayor also repeated calls made this week for New Yorkers to avoid travel over Thanksgiving and avoid large Halloween gatherings this weekend. 

The mayor previously said that if the seven-day average positivity rate hits 2 percent, indoor dining could shutter across the city. Pictured: Spaced out diners at Rosa Mexicano restaurant

The mayor previously said that if the seven-day average positivity rate hits 2 percent, indoor dining could shutter across the city. Pictured: Spaced out diners at Rosa Mexicano restaurant

‘If people want to trick-or-treat outdoors [in] small groups with masks on, that’s great,’ he said Thursday. 

‘Big gatherings, parties – that’s not great at all.’ 

Governor Andrew Cuomo revealed the state’s positivity rate reached 1.48 percent after a record high number of people – 168,353 – took tests Wednesday. 

He said the rate was dramatically higher at 3.24 percent in all focus areas under the state’s ‘Micro-Cluster strategy’ of problem areas.  

Outside the focus zone areas the rate is lower at 1.25 percent.  

Much of the cases are clustered in the focus zones which are: parts of Brooklyn, Queens Kew Garden Hills/Forest Hills, Queens Far Rockaway, Rockland County, Orange County, Broome County, Steuben County and Chemung County.  

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Our Favorite Deals From Best Buy’s Early Black Friday Sale – The New York Times https://kazal.hu/2020/10/30/our-favorite-deals-from-best-buys-early-black-friday-sale-the-new-york-times/ https://kazal.hu/2020/10/30/our-favorite-deals-from-best-buys-early-black-friday-sale-the-new-york-times/#respond Fri, 30 Oct 2020 12:46:07 +0000 http://52781151521229 Wireless workout earbuds Photo: Rozette Rago Jabra Elite 75t Wireless Bluetooth Earbuds (Black)Deal price: $140; street price: $180 Maybe you’re tired of your wired headphones tethering you to your laptop. Or maybe you’re looking for a good pair of earbuds that’ll block out your upstairs neighbors (who sound as though they’ve taken up riverdancing) during […]

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Wireless workout earbuds
Jabra Elite 75t
Photo: Rozette Rago

Jabra Elite 75t Wireless Bluetooth Earbuds (Black)
Deal price: $140; street price: $180

Maybe you’re tired of your wired headphones tethering you to your laptop. Or maybe you’re looking for a good pair of earbuds that’ll block out your upstairs neighbors (who sound as though they’ve taken up riverdancing) during work hours. If you want to optimize your work from home setup, a pair of wireless earbuds can help tremendously. The Jabra Elite 75t, our top pick for best wireless headphones, sound great, feel comfortable, and are highly convenient. They’re also small, light, and have an active battery life of seven and half hours—just enough time to get you through your work day (and all those Zoom calls). We’ve seen deals on refurbished models that came with a lower price tag, but we still think this is a solid drop on a brand new pair of our favorite wireless earbuds.

Read our guide to the best workout headphones.

A heavy-duty Bluetooth speaker

JBL Xtreme 2 Bluetooth Speaker (Black/Green)
Photo: Rozette Rago

JBL Xtreme 2 Bluetooth Speaker (Black/Green)
Deal price: $200; street price: $300

If you like to have something always playing in the background, a portable speaker you can bring around the house is a great way to listen to your life’s soundtrack. The JBL Xtreme 2 Bluetooth Speaker, the upgrade pick in our portable Bluetooth speaker guide, is more than enough speaker to get the job done (and now that the price has dropped back to a low of $200, it can do that for less). The Xtreme 2 is rugged and waterproof, ideal for use on camping trips and during snowman-building competitions. Though it isn’t the cheapest option in our guide, this heavy-duty speaker provides powerful bass, clear sound, and a 19-hour battery life. If a portable speaker with this much power tops your list, now is the time to buy.

Read our review of the best portable Bluetooth speakers.

Good headphones for glasses wearers

Beats Solo Pro Bluetooth Headphones
Photo: Beats by Dr. Dre

Beats Solo Pro Bluetooth Headphones
Deal price: $170; street price: $230

Over-ear headphones are a great way to block out the world around you, but for folks who wear glasses, they’re not the most comfortable to wear. That’s why our guide writers looked for a pair of headphones that the bespectacled could enjoy, too—and they landed on the Beats Solo Pro Bluetooth headphones. Comfortable to wear and easy to pair with Apple devices, the Solo Pro headphones can effectively reduce background noise even though their noise cancellation isn’t as impressive as that of our other picks, and they produce great (if just a little bass-heavy) sound. This pair is down to $170; we may see the price drop even more on Black Friday proper, but if you plan to give these headphones for the holidays, it may be smart to buy now so they’ll arrive in time.

Read our review of the best Bluetooth headphones.

Forrás: Klikk

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Kroger pharmacies to offer rapid COVID antibody testing with 15-minute results – WDIV ClickOnDetroit https://kazal.hu/2020/10/30/kroger-pharmacies-to-offer-rapid-covid-antibody-testing-with-15-minute-results-wdiv-clickondetroit/ https://kazal.hu/2020/10/30/kroger-pharmacies-to-offer-rapid-covid-antibody-testing-with-15-minute-results-wdiv-clickondetroit/#respond Fri, 30 Oct 2020 12:46:05 +0000 http://52781156568515 All Kroger pharmacies are expected to offer rapid COVID-19 antibody testing by the end of November, officials said Thursday. Kroger pharmacies across the U.S. are preparing to offer rapid COVID antibody testing to customers by the end of November. The tests, conducted using a finger-prick blood sample, will cost $25 and typically yield results within […]

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All Kroger pharmacies are expected to offer rapid COVID-19 antibody testing by the end of November, officials said Thursday.

Kroger pharmacies across the U.S. are preparing to offer rapid COVID antibody testing to customers by the end of November. The tests, conducted using a finger-prick blood sample, will cost $25 and typically yield results within 15 minutes, officials said.

Individuals who are not currently experiencing COVID symptoms, but think they may have previously contracted the virus, are eligible to undergo testing at Kroger pharmacies.

“Making rapid antibody testing available across our family of pharmacies will not only provide an affordable and convenient testing solution for individuals who want to understand if they have previously been infected with the virus that causes COVID-19, but also help clinicians understand the long-term impacts of COVID-19 and potential public health strategies for fighting the disease,” said Colleen Lindholz, president of Kroger Health, in a press release Wednesday.

Antibody testing helps determine if a person has previously been infected with COVID-19, even if they are currently healthy.

Officials say the rapid antibody testing is already available at some Kroger stores in Michigan and California. The company also offers in-clinic and at-home COVID-19 diagnostic tests.

Click here to read the entire press release.

Antibody tests are typically available at most health care providers and medical facilities. Individuals are encouraged to speak with their primary care physician about COVID testing needs.

For those who think they may have contracted the virus or are experiencing COVID symptoms, there are multiple no-cost COVID-19 testing sites open around Michigan. Click here to find a testing site near you.


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Alphabet stock surges as resurgent Google ad sales deliver big earnings beat – MarketWatch https://kazal.hu/2020/10/30/alphabet-stock-surges-as-resurgent-google-ad-sales-deliver-big-earnings-beat-marketwatch/ https://kazal.hu/2020/10/30/alphabet-stock-surges-as-resurgent-google-ad-sales-deliver-big-earnings-beat-marketwatch/#respond Fri, 30 Oct 2020 12:46:04 +0000 http://52781155242966 Google headquarters in Mountain View, Calif. Associated Press Shares of Google parent Alphabet Inc. surged in the extended session Thursday after the tech giant returned to rising ad sales and topped Wall Street estimates with a quarterly earnings report. Alphabet GOOG, +3.33% GOOGL, +3.05% reported third-quarter net income of $11.25 billion, or $16.40 a share, […]

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Google headquarters in Mountain View, Calif.

Associated Press

Shares of Google parent Alphabet Inc. surged in the extended session Thursday after the tech giant returned to rising ad sales and topped Wall Street estimates with a quarterly earnings report.

Alphabet GOOG, +3.33% GOOGL, +3.05% reported third-quarter net income of $11.25 billion, or $16.40 a share, compared with $7.06 billion, or $10.12 a share, in the year-ago period. Revenue after removing traffic-acquisition costs rose to $38.01 billion from $33.01 billion in the year-ago period. Analysts surveyed by FactSet had forecast earnings of $11.30 on ex-TAC revenue of $35.37 billion.

Alphabet’s class C shares rallied more than 7% after hours, following a 3.3% rise in the regular session to close at $1,567.24.

Advertising revenues rose to $37.1 billion from $33.8 billion, following a two straight quarters of year-over-year declines, which had weighed on Google’s stock. YouTube ad revenue rose to $5.04 billion from $3.8 billion a year ago, while Google Cloud sales rose to $3.44 billion from $2.38 billion.

“Regarding revenue, in the third quarter, we benefited from a broad-based improvement in advertisers spend across all geographies and nearly all verticals,” Chief Financial Officer Ruth Porat said on a conference call. “This is reflected in both search results as well as the rebound in brand advertising spend on YouTube.”

“While we are pleased with our performance in the third quarter, there’s obviously uncertainty in the external environment,” Porat said.

Online ad sales seem to have bounced back in the third quarter from early COVID-19-related weakness, as Pinterest Inc. PINS, +26.92% and Snap Inc. SNAP, -1.49% already disclosed big bumps in ad sales, juiced by greater customer engagement. COVID-19 is far from the only problem for Google, however. Alphabet was hit with antitrust charges from the Justice Department this month, and Chief Executive Sundar Pichai faced withering questions from senators on Wednesday in a committee hearing.

Alphabet shares are up 18% for the year, compared with a 3% gain on the S&P 500 index SPX, +1.19% and a 25% surge in the tech-heavy Nasdaq Composite Index COMP, +1.64%.

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Samsung regains top smartphone vendor spot as Xiaomi overtakes Apple – The Verge https://kazal.hu/2020/10/30/samsung-regains-top-smartphone-vendor-spot-as-xiaomi-overtakes-apple-the-verge/ https://kazal.hu/2020/10/30/samsung-regains-top-smartphone-vendor-spot-as-xiaomi-overtakes-apple-the-verge/#respond Fri, 30 Oct 2020 12:46:02 +0000 http://52781155734693 Samsung is back on top as the world’s biggest smartphone vendor one quarter after losing its spot to Huawei, according to reports from IDC, Counterpoint, and Canalys. The news comes just as Samsung posted its highest quarterly revenue figures ever, which the company said was helped by a boost in demand for smartphones. Huawei became […]

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Samsung is back on top as the world’s biggest smartphone vendor one quarter after losing its spot to Huawei, according to reports from IDC, Counterpoint, and Canalys. The news comes just as Samsung posted its highest quarterly revenue figures ever, which the company said was helped by a boost in demand for smartphones.

Huawei became the number one vendor for the first time three months ago, benefiting from strong sales in China while much of the rest of the world was operating under constrained retail conditions due to the COVID-19 pandemic. But Huawei’s shipments fell 7 percent quarter-on-quarter and 24 percent year-on-year, according to Counterpoint, while Samsung’s shipments increased by 47 percent over the last quarter.

Xiaomi was able to regain the number three spot for the first time in several years, overtaking Apple for the first time with year-on-year growth of 46 percent. Apple’s shipments fell 7 percent year-on-year in the July-September quarter, no doubt affected by the fact that its new iPhones this year slipped until October and November release dates.

The fifth, sixth, and seventh spots go to BBK brands Oppo, Vivo, and Realme. Counterpoint has Oppo at number five, while IDC and Canalys give that spot to Vivo, but all three firms agree the numbers are close. If the three independent brands’ third-quarter shipments were combined, they would be closer to Samsung in first place than Huawei in second place.

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Oil Investments Are Drying Up As Crude Demand Falters – OilPrice.com https://kazal.hu/2020/10/30/oil-investments-are-drying-up-as-crude-demand-falters-oilprice-com/ https://kazal.hu/2020/10/30/oil-investments-are-drying-up-as-crude-demand-falters-oilprice-com/#respond Fri, 30 Oct 2020 12:46:01 +0000 http://52781148714284 Oil Investments Are Drying Up As Crude Demand Falters | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Oct 29, 2020, 7:00 PM CDT Thirty-five percent: this is the size of the spending […]

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Oil Investments Are Drying Up As Crude Demand Falters | OilPrice.com

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Thirty-five percent: this is the size of the spending cuts oil and gas companies are likely to have made this year in response to the effects that the coronavirus pandemic is having on demand, according to the International Energy Agency. And this is just the spending slump in upstream oil and gas. This is just part of a wider trend of investment cuts in the energy industry, according to the IEA, which earlier this month published an update of its World Energy Investment report, first released in late spring. At the time, some thought we were seeing the worst of the pandemic. They were, apparently, wrong.

Demand for oil has certainly improved in some parts of the world, notably in Asia, where governments have been more successful in containing the spread of the coronavirus than their counterparts in Europe and North and South America. But even in China—the world’s oil demand recovery driver—the rebound is slowing down. After all, even though its domestic demand may be improving, if regional and global demand is stalling, this will have a negative effect on China as well.

According to the IEA, the impact that the pandemic is having on investments in the oil industry will continue to be felt for years to come. This is hardly surprising: the agency noted a 45-percent cut in investments by U.S. shale oil companies this year, combined with a 50-percent jump in financing costs. The number of active drilling rigs in the U.S. may be rising, suggesting the beginning of a recovery, but the total was still down 564 rigs on the year as of last week, so that recovery will take a while.

Related: Washington Greenlights Conoco Oil Project In Alaska Meanwhile, fuel stock updates from the Energy Information Administration are offering mixed signals: last week, for instance, saw a major drawdown in distillate fuel stocks, which should be good news suggesting demand for distillates is improving. The problem is that it is likely that this improvement is a temporary occurrence rather than a trend. Air travel is still greatly constrained, and the chances of any change in the status quo are slim.

Uncertainty: this is the keyword for not just the oil industry but for all others affected by the pandemic to such a grave extent as to force changes in business models. Europe’s Big Oil majors are doing just that with their push into renewables and plan to greatly reduce the contribution of their core business to overall earnings. U.S. majors are sticking with oil, and they may well have a good reason to do it.

There has been a lot of government and activist talk about a green recovery from the pandemic crisis. But the pandemic is still raging, and not only is it not abating, but it is gathering strength. This would mean more money needed for stimulus measures. This, in turn, would mean less money to spend on renewables, because despite the celebrated cost declines in solar and wind, financial and regulatory support from governments remains essential for their increased deployment.

Related: Hedge Funds Boost Bullish Oil Bets

The future remains marred in uncertainty that extends to the possibility of a rebound in oil investments. According to some, such as BP, we are already past peak oil demand, so that would mean less investment in oil production growth globally. Others, such as OPEC producers, hope things will sooner or later return to normal, and the world’s appetite for more oil will continue to grow for at least a few more years before plateauing. And yet even OPEC is preparing for a worst-case scenario.

The extended cartel OPEC+ is considering a delay in the next relaxation of oil production cuts, from January 2021 to April, in response to the latest trends in Covid-19 infections. One thing seems relatively clear, however. The longer the surge in new infections continues, the longer it would take the industry to return on the path of recovery and growth.

By Irina Slav for Oilprice.com

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Twitter shares plunge as user growth slows – Fox Business https://kazal.hu/2020/10/30/twitter-shares-plunge-as-user-growth-slows-fox-business/ https://kazal.hu/2020/10/30/twitter-shares-plunge-as-user-growth-slows-fox-business/#respond Fri, 30 Oct 2020 12:45:59 +0000 http://52781155271008 Gibbs Wealth Management President Erin Gibbs, Kadina Group President Gary B. Smith, Kingsview Wealth Management CIO Scott Martin and tech expert Lance Ulanoff break down Big Tech earnings, including Amazon, Google parent Alphabet, Twitter and Facebook. Twitter posted much stronger than expected third-quarter results thanks to surging advertiser demand, however profit slipped and daily users […]

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Twitter posted much stronger than expected third-quarter results thanks to surging advertiser demand, however profit slipped and daily users came in lower than analysts expected.

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That sent shares plunging 15% in after-hours trading. The stock had closed up $3.92, or 8.1%, at $52.43.

Ticker Security Last Change Change %
TWTR TWITTER INC. 52.43 +3.90 +8.04%

The San Francisco company earned $28.66 million, or 4 cents per share, in the July-September period. That’s down 22% from a year earlier, due to higher expenses in part related to COVID-19. Excluding one-time items, earnings were 19 cents per share.

Revenue grew 14% to $936.2 million from $823.7 million.

SEN. JOHNSON PRESSES TWITTER CEO DORSEY FOR EVIDENCE HUNTER BIDEN STORY IS DISINFORMATION CAMPAIGN

Twitter had 187 million daily users, on average, in the third quarter, but below analysts’ expectations of 195.6 million. The company no longer discloses monthly user figures.

“We have grown our daily audience by 42 million in the last year as people all around the world come to Twitter to find out about the topics and events they care about most. I’m pleased mDAU grew 29% year over year to 187 million, driven by global conversation around current events and product improvements,” said Jack Dorsey, Twitter’s CEO.

Analysts were expecting a loss of 10 cents per share, adjusted earnings of 6 cents per share and revenue of $777.3 million, according to a poll by FactSet.

CLICK HERE TO READ MORE ON FOX BUSINESS

The company predicted uncertainty going forward, due in part to the upcoming U.S. election, and said it is “hard to predict how advertiser behavior could change.”

The Associated Press contributed to this report.

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Arizona power must come from 100% carbon-free sources by 2050, regulators decide – The Arizona Republic https://kazal.hu/2020/10/30/arizona-power-must-come-from-100-carbon-free-sources-by-2050-regulators-decide-the-arizona-republic/ https://kazal.hu/2020/10/30/arizona-power-must-come-from-100-carbon-free-sources-by-2050-regulators-decide-the-arizona-republic/#respond Fri, 30 Oct 2020 12:45:58 +0000 http://52781154664214 Ryan Randazzo   | Arizona Republic Arizona utility regulators on Thursday, in a split vote, approved a plan for utilities to get all of their energy from carbon-free sources like solar and nuclear energy by 2050, bringing the state closer in line to other Western states. The new regulations require electric utilities to get half their […]

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Ryan Randazzo
 
| Arizona Republic

Arizona utility regulators on Thursday, in a split vote, approved a plan for utilities to get all of their energy from carbon-free sources like solar and nuclear energy by 2050, bringing the state closer in line to other Western states.

The new regulations require electric utilities to get half their power from renewable energy like solar and wind in 2035. Then in 2050, they would need to supply all customer demand for electricity with either renewables, carbon-free nuclear, or energy-efficiency measures such as subsidizing low-watt lightbulbs or attic insulation for customers.

The new requirements will spur development of solar plants, battery storage and other renewables, though commissioners debated whether the rules will affect customers’ bills. Because the rules require additional energy-efficiency measures, they are likely to include opportunities for customers to save through utility conservation programs.

Arizona Corporation Commissioners approved the measure, which increases the requirements for the first time in 14 years, on a 3-2 vote. Voting in favor of the new rules were Republican Chairman Robert Burns, Democrat Sandra Kennedy, and Republican Boyd Dunn. Opposed were Republicans Justin Olson and Lea Márquez Peterson.

Electric utilities would have to phase out coal- and natural-gas-burning power plants, and would need to start soon, because the plan has interim requirements that utilities cut carbon emissions in half by 2032 and 75% by 2040.

The carbon reductions would be based on how much carbon a utility’s power plants emitted on average in the years 2016-18.

The new rules update the Renewable Energy Standard and Tariff that an all-Republican commission passed in 2006 and requires utilities to get 15% of their power from renewables by 2025, as well as the 2010 energy-efficiency requirements for them to use efficiency measures to meet 22% of their energy demand by this year.

Customers at Arizona’s biggest utility pay about $3.50 a month now to fund the utility’s compliance with those rules.

‘We’ve done something … important for the future of the state’

“The climate crisis is impacting Arizonans right now. I am glad the commission was finally able to look past partisan politics to support science and economics-based policy that stakeholders, utilities and ratepayers could all agree upon and benefit from,” Kennedy said in a prepared statement after the vote.

Dunn concurred. “We’ve done something that’s certainly important for the future of the state,” he said as the meeting wrapped up.

Also approved Thursday was an update to the requirements for how utilities plan and build new power plants or make deals to buy power from others, with commissioners giving the OK to proposals that advocates such as the clean-energy advocacy Western Grid Group and Sierra Club said will make utility resource plans more transparent and competitive.

The commissioners approved the changes as amendments to a massive rule set they have considered since July, and that has been under review for four years.

While they had the votes to pass the new requirements, they will need to reconvene at some point and vote on the entire rule set, as they didn’t get to that Thursday.

They made so many changes to proposed rules that they requested the commission staff take time to put the changes on paper so they could be reviewed before a final vote.

“We’re afraid we’re going to lose something through the cracks here with all the changes we’ve made and so forth,” Burns said.

Arizona’s requirements were keeping up with the times when they passed, but California, Colorado, Montana, Nevada, New Mexico, Oregon and Washington all have more ambitious renewable or carbon-free energy targets today, passed by their lawmakers or by voters.

The new requirements would make Arizona’s renewable rules stricter than Montana, Oregon and Washington, although Washington’s goal of going carbon-free is to do so by 2045, five years earlier than Arizona.

Earlier in October the commissioners approved an increase in the state’s energy-efficiency requirements for utilities. Under that new rule, utilities must implement enough energy-efficiency measures by 2030 to equal 35% of their 2020 peak demand. The new rule also includes interim requirements to ensure utilities are working toward that annually.

But the commissioners couldn’t sort out the details of many other ideas in the energy rules at that Oct. 14 meeting, so they recessed until Thursday, where they approved more changes to the requirements.

Márquez Peterson opposed the requirement for renewable energy, wanting instead to focus only on carbon emissions and not direct utilities to use renewables to achieve that goal.

Commissioners spar over comparison to 2018’s failed Proposition 127

Olson, meanwhile, opposed any new mandate.

“I honestly am quite frustrated that we sit here today as a commission adopting standards that are very similar to the standards that were rejected soundly by the voters two years ago in Prop. 127,” he said, invoking the renewable-energy ballot measure supported by billionaire Tom Steyer that failed in Arizona.

Olson proposed a rule that utilities not be allowed to spend more than $1 million annually to meet the new requirements, which Márquez Peterson supported but failed with the other three commissioners opposed.

Dunn defended the rules, saying they were nothing like the ballot measure that he said would have constrained utilities in how they plan for future electricity demand.

Burns also defended the rules, saying companies looking to expand or move to Arizona increasingly want to know the state has renewable energy requirements.

When the commission took up the issue in July, On Semiconductor in Phoenix, the Arizona Technology Council (which has 750 members in the state), aluminum manufacturer Ball Corp. and nine other large companies issued a joint endorsement of increased renewable requirements.

They cited research from sustainability nonprofit Ceres that indicates Arizona utility customers saved $2 billion from 2008 to 2018 because of the existing renewable-energy rules, which spurred many solar and wind projects in the state.

New requirements for power storage

Included in the new rules is a requirement that by 2036, utilities have enough energy storage, likely in the form of large batteries, to equal 5% of the utility’s 2020 peak demand, and a portion of that needs to be owned by customers, not the utility.

The requirement is similar to a rule in the original renewable requirements that a portion of the renewable energy supply for utilities comes from “distributed” resources rather than centralized power plants. Nearly all “distributed” generation is rooftop solar on homes and businesses.

“Battery storage can open up so many additional uses for rooftop solar,” said Bret Fanshaw, Solar United Neighbors Arizona program director, in a statement after the vote.

“Households will be able to save money and reduce costs on the electricity system by storing solar power during the day and using it when the sun goes down. With this standard, we are excited for all of the benefits of solar-plus-storage to take hold in Arizona.”

The requirement is estimated to bring 200 megawatts of battery capacity to customers in Arizona Public Service Co. and Tucson Electric Power Co. territories by 2035, according to solar and battery trade groups and companies that pushed for the rule.

The new rules, if they are passed on a subsequent vote, will prompt utilities to offer incentives and fees to help customers buy batteries for their property and get credit for any stored energy utilities use.

The rules also will require a hearing process before an administrative-law judge to ensure they are appropriate before they take effect. That likely will take a few months.

Reach reporter Ryan Randazzo at ryan.randazzo@arizonarepublic.com or 602-444-4331. Follow him on Twitter @UtilityReporter.

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Amazon Earnings Were Stellar. Why The Stock Is Falling. – Barron’s https://kazal.hu/2020/10/30/amazon-earnings-were-stellar-why-the-stock-is-falling-barrons/ https://kazal.hu/2020/10/30/amazon-earnings-were-stellar-why-the-stock-is-falling-barrons/#respond Fri, 30 Oct 2020 12:45:57 +0000 http://52781155280518 Adrian Dennis/AFP via Getty Images Amazon. com posted better-than-expected third-quarter results, as the company continued to benefit from the growth in e-commerce during the Covid-19 pandemic. For the quarter, Amazon (ticker: AMZN) posted sales of $96.1 billion, up 37%, and well ahead of the company’s guidance range of $87 billion to $93 billion. Operating income […]

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Adrian Dennis/AFP via Getty Images

Amazon. com posted better-than-expected third-quarter results, as the company continued to benefit from the growth in e-commerce during the Covid-19 pandemic.

For the quarter, Amazon (ticker: AMZN) posted sales of $96.1 billion, up 37%, and well ahead of the company’s guidance range of $87 billion to $93 billion. Operating income was $6.2 billion, likewise ahead of its guidance range of $2 billion to $5 billion. Earnings were $12.37 a share, well ahead of the Wall Street analyst consensus at $8.87 a share.

For the fourth quarter, the company is projecting sales of $112 billion to $121 billion, up 28% to 29% from a year ago. The Wall Street consensus view has called for revenue of $111.4 billion.

But Amazon shares were down in late trading Thursday, likely because of investor disappointment over Amazon’s forecast for operating income in the fourth quarter. The company said it expected operating income in the quarter to range from $1 billion to $4.5 billion, reflecting an expected $4 billion of costs related to the Covid-19 pandemic. Wall Street had forecast $5.8 billion.

Product sales in the latest quarter were $52.8 billion, up 32.8%. Service sales were $43.4 billion, up 43%. Sales were up 39% in North America, 37% for international markets, and 29% for Amazon Web Services.

The company touted its employee pay and urged other businesses to raise wages.

“Two years ago, we increased Amazon’s minimum wage to $15 for all full-time, part-time, temporary, and seasonal employees across the U.S. and challenged other large employers to do the same,” CEO Jeff Bezos said in the company’s earnings release. “ Best Buy and Target have stepped up, and we hope other large employers will also make the jump to $15. Now would be a great time.”

Amazon stock is down 1.4% at $3,165.65 in premarket trading Friday.

Write to Eric J. Savitz at eric.savitz@barrons.com

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Asian shares look for rebound following tech earnings – Reuters https://kazal.hu/2020/10/30/asian-shares-look-for-rebound-following-tech-earnings-reuters/ https://kazal.hu/2020/10/30/asian-shares-look-for-rebound-following-tech-earnings-reuters/#respond Fri, 30 Oct 2020 12:45:56 +0000 http://CBMiPmh0dHBzOi8vdWsucmV1dGVycy5jb20vYXJ0aWNsZS91cy1nbG9iYWwtbWFya2V0cy1pZFVTS0JOMjdFM09P0gE3aHR0cHM6Ly91ay5tb2JpbGUucmV1dGVycy5jb20vYXJ0aWNsZS9hbXAvaWRVU0tCTjI3RTNPTw By Simon Jessop 4 Min Read LONDON (Reuters) – World stocks fell further and oil headed for a double-digit weekly slide on Friday as jitters over a rising global COVID-19 infection rate and next week’s U.S. presidential election more than offset strong euro zone quarterly growth data. FILE PHOTO: Men wearing protective face masks chat […]

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LONDON (Reuters) – World stocks fell further and oil headed for a double-digit weekly slide on Friday as jitters over a rising global COVID-19 infection rate and next week’s U.S. presidential election more than offset strong euro zone quarterly growth data.

FILE PHOTO: Men wearing protective face masks chat in front of a screen displaying Nikkei share average and world stock indexes outside a brokerage, in Tokyo, Japan October 5, 2020. REUTERS/Issei Kato

A strong central bank-fuelled bounce back from the initial pandemic slide earlier in the year has faltered this week, with concerns about an even worse second wave of infections, particularly in Europe, taking the froth off markets.

“The US election, the extent of further lockdown measures, Brexit negotiations and vaccine news all present both upside and downside risks over the coming weeks and it is understandable that investors may want to proceed with caution,” said Mark Dowding, chief investment officer at BlueBay Asset Management.

World stocks .MIWD00000PUS were down 0.3% at 0925 GMT, tracking weakness in Asia, while U.S. stock futures ESc1NQc1 were down 1% to 1.3%. Gold rose, with spot prices climbing 0.3% to $1,873 an ounce.

In Europe, the blue-chip EuroSTOXX 50 .STOXX50E was down 0.7% to take its weekly loss to 6.9% and leaving it at levels last seen in late May. MSCI’s broadest index of Asia-Pacific shares outside of Japan .MIAPJ0000PUS closed down 1.2% for a 2.2% weekly loss, breaking four straight weeks of gains.

“New lockdowns across Europe are being harshly repriced by markets,” Barclays equity strategist Emmanuel Cau said in a note to clients.

“With complacency going fast, this dip could end up offering another good entry point, but a lot depends on the election outcome and timing of the results.”

European government bond yields rose in response to fresh COVID restrictions across the continent, with Italian, Spanish and German 10-year debt yields all up between 1 and 2 basis points.

While Brent crude LCOc1 enjoyed something of a bounce approaching midday in London – up 0.5% and broadly in line with its U.S. peer CLc1 – it still remains down sharply on the week, facing losses of nearly 10%.

That in turn led to a broad sell-off of commodity linked currencies including the Russian rouble RUBUTSTN=MCX, Norwegian crown NOK= and Canadian dollar CAD=, which was facing its worst week since April.

(Graphic: Stocks and oil vs. coronavirus cases )

The weak sentiment dragging Europe lower came despite a strong showing in euro zone quarterly GDP figures – up 12.7% -, one day after the European Central Bank pledged more help for the economy when it next meets in December to help counter the potential economic hit from the pandemic.

Societe Generale FX analyst Kit Juckes said that given the recent imposition of a fresh lock-down in France, the positive growth data there – an 18.2% quarter-on-quarter jump – was not enough to outweigh the virus concerns.

This week has seen global coronavirus cases rose by over 500,000 for the first time, with France and Germany prepping fresh lockdowns.

In response, analysts expect an expansion and extension of the ECB’s Pandemic Emergency Purchase Programme, a lower deposit facility rate, and even more generous lending terms for banks in December.

The announcement sent the euro EUR= sliding to a four-week low of $0.1648 before recovering slightly on Friday to trade at $1.1679, down around 0.4% since the start of the month.

The dollar index =USD, meanwhile, held steady, bolstered by a solid session on Wall Street overnight after some strong tech sector earnings and data showing the U.S. economy grew at a record annualised pace of 33.1% in the third quarter.

Additional reporting by Marc Jones and Olga Cotaga in London; Editing by William Maclean

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