Day: November 2, 2020

Frequent Hurricane Shutdowns Weigh on U.S. Energy Results | Investing News

(Reuters) – As crews began returning to U.S. Gulf of Mexico offshore facilities on Thursday, this year’s repeated oil and gas production halts were already hitting energy firms’ results.

Eight named storms entered the U.S. Gulf of Mexico this year, most spiraling up to damaging storms that required offshore facility evacuations or temporary well shutdowns.

“It has been a difficult and challenging year because of the number of storms,” said Erik Milito, president of trade

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Trudeau’s Finance Minister Rejects Calls for Spending Restraint

(Bloomberg) — Chrystia Freeland used her first major speech as Canadian finance minister to make a fervent defense of her government’s mounting budget deficits, and lay the groundwork for more post-pandemic spending.

Freeland, who was appointed to the job in August after the resignation of Bill Morneau, said the Liberal government needs to turn its attention to recovery efforts and move beyond simply “limiting the damage” from Covid-19. This should include “meaningful” investments in things

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Which One Should You Pursue?

a person sitting at a table: Young smiling entrepreneur leaning over in front of her designs

© Getty Images
Young smiling entrepreneur leaning over in front of her designs

People love starting businesses these days. A staggering 472 million entrepreneurs around the world launched 100 million startups in 2019.

But other figures are a bit more sobering, like the fact that nine out of every 10 startups fail, with a third of them closing in the first two years.

New businesses fail for a lot of reasons, mostly because of undercapitalization.

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