Gold & Precious Metals
Following the provincial government’s announcement that B.C. residents will need to show proof of vaccination to attend certain social events, many small businesses took to social media to announce they will not be enforcing the order.
The movement was spurred by the Instagram account @savesmallbusinessbc which helped coordinate and promote anti-vax protests earlier this year. Off Instagram, over 64,000 have joined the Facebook group BC Businesses against Health Pass where the narrative is much the same. Posts from business owners say they will not “discriminate” against those who are vaccinated or unvaccinated…read more.
Elon Musk says he’ll have a humanoid robot to show off next year, but the iconoclastic entrepreneur has a mixed record when it comes to promises and predictions. It’s worth revisiting them before you plan your next moving day around the Tesla Bot’s debut.
Last week at Tesla’s AI day event, Musk announced the auto company would have a prototype ready as soon as next year to help with tasks that are boring, repetitive or dangerous. As proof of concept, Musk shared a PowerPoint and welcomed a dancer in a Tesla Bot bodysuit on stage. It was all a bit reminiscent of the failed Cybertruck armor glass demonstration that resulted in two broken windows on stage.
The promise of a domestic robot is also a bit hard to swallow when Tesla is debuting in its cars a “full self-driving” option which, as my CNET colleague Brian Cooley argues, doesn’t deliver on its name. Even Musk himself admitted Monday that the current beta “is actually not great.”…read more.
India is planning to expand its import capacity for liquefied natural gas by 12 percent by building a new floating import terminal in the western state of Gujarat.
The terminal is due to become operational next year, Reuters reports, and will bring India’s total LNG import capacity to 47.5 million tons annually.
India last year consumed 25.7 million tons of liquefied natural gas, a 14-percent increase on 2019, according to Wood Mackenzie. Demand is likely to continue to grow in the coming years although there will be constraints related to prices. Just as with oil, India is no fan of expensive commodities, so if the current rally on the spot LNG market persists, Indian buyers’ appetite for the superchilled fuel will likely be dampened, at least temporarily…read more.
Billionaire investor Jeffrey Gundlach told Yahoo Finance in a video interview on Monday that the US is running its economy like it doesn’t care if the dollar loses its global reserve currency status.
The DoubleLine Capital founder and CEO reiterated his long-held view that the dollar is going to go depreciate further versus peers the next few years, blaming the US’s current economic policies for the situation.
“We’re running our economy in a way that is almost like we’re not interested in maintaining global reserve currency status,” Gundlach said…read more.
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