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Oil prices are expected to trade in a
narrow range for the remainder of the year due to demand uncertainty as a result of the pandemic. Crude prices were
lower in early trading today with the WTI at $40.26/bbl and Brent at $42.15/bbl. Alberta, Canada’s battered oil sector is encouraged by the White House’s plan to approve a
$22 billion railway between Alberta and Alaska. Total
acquired London’s leading car charging network as it continues to transition from fossil fuels.
California’s governor declared a state of emergency for
Napa, Sonoma and Shasta counties as wildfires killed three people and forced the evacuation of tens of thousands. Shipping giant CMA CGM was hit by a
ransomware attack yesterday; all four of the largest shipping companies have suffered cyberattacks in the past four years. Uber can
continue operating in London after a successful court challenge of the city’s refusal to renew its operating license. Uber may acquire
Free Now, BMW’s ride-hailing service, which would strengthen its position in Europe and Latin America. Trucking capacity remains tight throughout the U.S., and spot pricing remains elevated.
Clients are advised to provide expanded lead times on orders to help ensure delivery dates will be met.
Leading RV manufacturer Thor Industries reported
record backlogs and a bright outlook for the industry as a younger generation embraces recreational vehicles during the pandemic.
Christmas shopping is expected to be up this year, with lavish spending by those with jobs and wealth and an austere holiday for those without. Nearly
half of Americans have already begun Christmas shopping out of boredom due to the pandemic. Smoke damage from wildfires in major cannabis-growing counties in California and Oregon is
ravishing this year’s outdoor crop as vape companies experience record demand during the pandemic. The pandemic has prompted a surge in interest in
elective weight reduction surgery among overweight people seeking to reduce their cardiovascular risks from COVID-19. Doctors and nurses with Universal Health Services, which operates 250 healthcare facilities, had to resort to paper yesterday when
hackers took down its nationwide computer system. Hackers
disclosed private student data after the Las Vegas, Nevada, school district refused to submit to ransomware. To counter “Zoom fatigue,” many employers are instituting
bans on meetings for periods of time, including M. Holland, which has instituted no-meeting Fridays for internal video meetings. A recent survey of nearly 800 event planners found that
84% would not feel comfortable attending events indoors. Nearly a year after the professional hockey season began, the
Tampa Bay Lightning beat the Dallas Stars to win the Stanley Cup in Edmonton, Alberta’s nearly empty hockey stadium.
Global COVID-19 deaths
surpassed 1 million yesterday. The European Community’s Economic Index
rose to 91.1 in September, its fifth month of improvement, but remains 30% below pre-pandemic levels. India became the second nation behind the U.S. with total COVID-19 infections of
more than 6 million. COVID-19 infections are rising across Europe:
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COVID-19 updates and notices, please refer to the M. Holland website.