Briefing April 2-3, 2022 — Quartz

Does the United States have gasoline to give?

Europe has a Russia-sized hole in its natural gas supply, and the United States wants to help fill it. the us agreed to give the EU another 15 billion cubic meters of liquefied natural gas by the end of this year.

It’s a nice political move, but US liquefied natural gas exports are maxed out. In February, US gas exports hit a record 13.3 billion cubic feet per day, the first time all seven of the country’s terminals were fully docked by tankers at once.

It takes years to build a new export infrastructure, so it is not clear how the United States can keep its promise in the short term to Europe as well as asking customers like China and Japan to resell some of their US liquefied natural gas to Europe. Long-term European buyers are already signing advance contracts with the US.

Here come the carbon counters

As Europe moves away from Russian gas, whether through imports or renewableAny reliance on burning fuel will mean more carbon emissions, which countries increasingly want to control. In the US, companies are facing new rules to disclose their risks related to climate change. but the biggest the gold rush could be for climate accountants. ✦ Try free membership for a week to read our predictions on this trend and more.

The financial world war

One month after the Russian invasion of Ukraine, the world’s richest countries have ventured into a global financial war. Weaponized sanctions are not new, but the scope, speed and spillover effect of recent actions against Russia, the world’s 11th largest economy, are a turning point in the history of economic warfare.

It would not have been possible without an interdependent global financial system anchored in the dollar that facilitates the interception of money. But sanctions on such a massive scale are already hitting economies outside of Russia and it took a century of trial and error. are we willing to accept global risks of a financial world war?

Why the divisions?

Earlier this week, Tesla announced that it will split its shares for the second time in two years, following similar plans by Amazon and Alphabet. The move will drive down the stock price, or seem to, anyway. In reality, the shares will be divided into smaller shares, making it easier to invest.

This is a marketing move, designed to make a company’s stock more attractive to retail investors uncomfortable with buying fractions of shares, and research shows it actually works. Tesla should know; the automaker has done it once before, a 5-for-1 split in August 2020 that doubled net share purchases in a matter of weeks. It’s already a favorite with retail investors, who own 39% of the company, much more than Meta or Alphabet (although not as much as GameStop, of course).

We are obsessed with science fiction adaptations.

Image copyright: Warner Bros.

A scene from Dune, which won six Oscars last weekend.

Most of the time, adaptations — movies and TV shows often pulled from beloved books or graphic novels — are the hottest. That’s because they are often the most difficult to achieve. Whether they’re not faithful enough to the original plot, they lack the financial backing to adequately showcase the author’s imagination, or they just can’t deliver the same poignancy using such a different medium, there’s always something that frustrates fans.

they are adaptations Really that bad? Or are sci-fi fans just expecting the wrong things? The weekly quartz obsession is ready to launch you into outer space.

something to obsess over

The second season of the Quartz Obsession podcast just ended, but it’s not too late for you to catch up before our third season drops.

Here’s a review:

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