Month: August 2019

Baker Hughes data due just after the top of the hour The drop in US drilling activity hasn’t gotten nearly the attention that I think it deserves. Last week, active rigs were at 754. That’s down from 885 at the start of the year. There have been some efficiency improvements but the drop is stark
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ASSOCIATED PRESS It appears that KFC, Dunkin, and Burger King are joining the trend — Veganism is giving a “healthy” image to fast food chains, as they add plant-based meat alternative products to their menu. Back in April, Burger King introduced the Impossible Whopper, a plant-based burger, similar to the company’s classic sandwich. A couple of months
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You may have heard that Elon Musk wants to embed tiny computers in people’s brains so humans can keep pace with the advances being made in the field of artificial intelligence. That’s the part that gets the press. After all, it seems crazy. But what the founder of Tesla and SpaceX is actually doing is more compelling
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Purchasing Managers’ Index data from China’s National Bureau of Statistics published on Saturday. Manufacturing 49.5 expected 49.6, prior 49.7 in contraction for the fourth consecutive month trade wars and slower domestic demand persistent negatives Xinhua (state media in China) report the NBS saying “demand moderated amid a complex economic environment” Services 53.8 expected 53.7, prior
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HALF A DECADE ago, if you had asked economists which number—five or seven—described China’s GDP and which its currency, most would have answered this way: growth will remain strong at around 7% annually, and the currency will strengthen until it takes just five yuan and change to buy a dollar. One measure of the impact
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