Keystone Boosted Oil Flows Just Before Kansas Crude Spill
TC Energy Corp., the operator of the Keystone pipeline, raised the volume of oil flowing through it before the system suffered its worst leak on record.
Bloomberg Business
US Postal Service Delivery Trucks Are Going Electric
The US Postal Service will spend nearly $10 billion for new electric vehicles in a push to make its mail delivery fleet more environmentally friendly.
US Senators Urge Trade Talks With Ecuador and Uruguay
(Bloomberg) — Two senior US senators asked the Biden administration to start trade-agreement talks with Ecuador and Uruguay, using a pact with Mexico and Canada as a template to expand export opportunities with “trusted partners” in Latin America as China’s influence grows.
Adler’s Restructuring Plan Fails to Get Bondholder Approval
The holders of Adler Group SA’s longest dated bonds failed to back the company’s debt restructuring proposals, a blow to its attempt to avoid a fire sale of its assets.
GM’s Cruise Expands Robotaxi Service to Phoenix and Austin Even With Safety Probe
General Motors Co.’s Cruise unit started offering rides with its self-driving taxi business in two more cities, expanding beyond San Francisco with cars now operating in Phoenix and in Austin, Texas.
Bankrupt Crypto Lender Celsius Receives Multiple Bids for Retail and Mining Assets
Bankrupt crypto lender Celsius Network LLC has received multiple bids for its retail platform and mining businesses, according to a company presentation delivered in court Tuesday.
Big Earthquake Cuts Power to Over 70,000 in Northern California
A large earthquake caused widespread damage to buildings and roads in Northern California and knocked out electricity for more than 70,000 homes and businesses, officials and Poweroutage.us said Tuesday morning.
Economist Who Foresaw Housing Crunch Sees Home Prices Dropping
An economist who foresaw the popping of the housing bubble more than 15 years ago expects US home prices to fall between 8% and 12% over the next two years as rising rates cut into pandemic-era demand.
Another Bitcoin Miner Teeters on the Edge of Bankruptcy
Greenidge Generation Holdings Inc., once one of the largest public Bitcoin miners in the US, warned that it may seek bankruptcy protection while entering into debt restructuring talks with lender New York Digital Investment Group.
European Gas Retreats as Russia Pipe Blast Not Affecting Flows
European natural gas prices pulled back after Gazprom PJSC said its supplies continue through alternative routes following a pipeline blast in Russia.
