A 5.4 magnitude earthquake, the fourth strongest in Texas history, struck Friday afternoon in a western region of the state that’s home to oil and fracking activity. A similar earthquake struck a month ago, raising concerns about higher costs for producers as regulators look to crack down on fracking wastewater disposal practices tied to seismic activity.
A massive winter storm that spawned deadly tornadoes in the U.S. South and pummeled the Northern Plains with blizzard-like conditions earlier last week arrived in the Northeast over the weekend, bringing heavy snows and high winds.
Global airfreight tonnage the first two weeks of December fell 17% compared to a year ago, including a 22% drop in Asia traffic.
Shares of U.S. electric-vehicle company Faraday Future tumbled 21% Friday after the company said production plans for its much-delayed luxury car hinged on securing $170 million in additional financing.
Aluminum-makers are set to boost low-carbon metal output by 10% next year and even more in the years ahead, driving down costs for firms seeking climate-friendly supplies.
The daily average for new COVID-19 cases fell to 65,067 last week from 65,569 the week before, while average fatalities decreased to 386 from 426. The U.S. has now logged over 100 million COVID-19 cases since the start of the pandemic, new data shows.
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