On the Street

A Regulatory Break for Ethanol

Earlier this week, the EPA decided against pursuing an appeal of a federal court decision that curtailed the ability of the EPA to grant exemptions to oil refineries regarding legislatively mandated amounts of ethanol to be included in their refined products.  Rather, the EPA is expected to follow the ruling of the 10th Circuit nationwide.  This should provide some needed ...

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Hand Sanitizer as Industrial Lemonade

When life hands you lemons, make lemonade.  Globally, companies in the alcoholic beverage, perfume and ethanol industries have taken this aphorism to heart by swiftly moving into the market for hand sanitizers. Pernod Ricard (the maker of Jameson Whiskey and Absolut Vodka), LVMH (the maker of Christian Dior and Louis Vitton perfumes, among other things), and Aemetis Advanced Fuels Keyes ...

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All of a Sudden Share Buybacks are Bad?

When the Trump Administration was able to get the tax reform bill passed in late 2017, one of the key components of the bill that was supposed to help boost the domestic economy was the clause that allowed corporations a one-time opportunity to bring money back from overseas with a significantly reduced penalty. Personally, I wrote several articles regarding the ...

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Markets Surge, but the Picture is Mixed for Tuesday

The stock market continues to act like the weather – good one day and bad the next – unpredictable. It continues to defy prediction and even great news has little lasting effect. At least, there is still some hope left. Hopes seem to have been buoyed by President Trump’s statement that we cannot stay closed forever, and that we don’t ...

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COVID-19: NYSE Shuts Down Trading on Floor- Now Wholly Digital

Preventing the spread of coronavirus is not limited to schools, churches, and sports. Groups over 10 should be avoided – and now that includes the New York Stock Exchange. All trading on the floor will stop as of this coming Monday. Electronic Trading to Begin Trading will continue through the NYSE but it will all be done electronically. It will ...

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The Market Presents Its Own Version of Fast & Furious

With the losses on Wednesday and Thursday, the major U.S. indices officially reached bear market territory by falling over 20% from their peaks in February. Looking at the rapid decline, I couldn’t help but be astounded by how sharply the decline has occurred. In four weeks the S&P is down over 26% – at least at the time I was ...

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The Oil Wars Have Begun

After a deal between Russia and OPEC could not be reached, oil prices were sent to levels it has not seen since 2016. Russia was hoping to broker a deal with Saudi Arabia in which overall oil production would be reduced. The major oil-producing company refused to cut production. In fact, they did the opposite – announcing that they would ...

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Stocks Seen to Be Recovering – with Some Good News

On Monday, the stock market showed massive improvement since it bottomed out last Friday. This occurred not only in the United States but also in various stock markets around the world. Positive news, along with some action from governments, has unleashed an upward movement of 1,294 points on the Dow Jones. Since then, the market has edged up in fits ...

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The Impact of New Coronavirus Numbers on the Market

As coronavirus shows its ability to spread beyond every attempt to contain it, it continues to affect the economy around the world. China has begun to allow some companies to open for business, which is apt to help manufacturing. Despite this positive movement, it is beginning to appear that the slowdown on manufacturing is going to last longer than expected. ...

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