Tag: Yahoo Finance

Market Weekend: Microsoft Carbon Goals, Foxconn Fiat, Citigroup Pay Gap, Google To the Moon

Microsoft Pledges Carbon Negativity Forget carbon neutral. That’s passé now, even though it hasn’t been achieved yet. Microsoft (NASDAQ:MSFT) is showing up its tech giant peers by pledging to be net carbon negative by 2030. To this end, it is investing $1 billion over the next 10 years to make it happen. “While the world […]The post Market Weekend: Microsoft Carbon Goals, Foxconn Fiat, Citigroup Pay Gap, Google To the Moon appeared first on Market Exclusive....

America Is Awash With Natural Gas and It’s About to Get Worse

(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.One chilly day in October, President Donald Trump boarded Air Force One and flew to Pennsylvania to hail one of the state’s most important industries -- not coal, but natural gas.Trump spoke an industry event of the “astonishing increase” in shale gas production. The Appalachian region has spearheaded a historic expansion, turning the U.S. into the world’s biggest producer while slashing prices for consumers and sounding the death-knell for domestic coal.But the dark side of the boom is increasingly difficult to ignore. Shale drillers are extracting so much gas that it’s overwhelming demand.Prices briefly dipped below $2 per million British thermal unit on Friday for the first time since 2016. At that level, U.S. producers simply don’t make money. It’s forcing a wave of multibillion-dollar writedowns, layoffs and spending cuts. Still, the industry...