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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Sell every Stock except ONE (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
MarketBeat: Week in Review 9/19 – 9/23
Sell every Stock except ONE (Ad)
China using civilian ships to enhance navy capability, reach
German leader seeks energy deals, alliances on Gulf trip
Sell every Stock except ONE (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Kim Kardashian culls Dolce & Gabbana archives for Milan show
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Sell every Stock except ONE (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
MarketBeat: Week in Review 9/19 – 9/23
Sell every Stock except ONE (Ad)
China using civilian ships to enhance navy capability, reach
German leader seeks energy deals, alliances on Gulf trip
Sell every Stock except ONE (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Kim Kardashian culls Dolce & Gabbana archives for Milan show
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
Sell every Stock except ONE (Ad)
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
MarketBeat: Week in Review 9/19 – 9/23
Sell every Stock except ONE (Ad)
China using civilian ships to enhance navy capability, reach
German leader seeks energy deals, alliances on Gulf trip
Sell every Stock except ONE (Ad)
Saudi Arabia's triumphant week reclaims the West's embrace
Kim Kardashian culls Dolce & Gabbana archives for Milan show

German gas storage over 90% full despite Russian supply cuts


FILE -- The gas storage plant Reckrod is pictured near Eiterfeld, central Germany, on July 14, 2022. German authorities say the country's gas storage facilities are now more than 90% full, moving ahead steadily despite Russia's move to cut off deliveries through a major pipeline. (AP Photo/Michael Probst,file)

BERLIN (AP) — Germany's natural gas storage facilities are now more than 90% full in preparation for the winter heating season and rising steadily despite Russia cutting off deliveries through a major pipeline, authorities said.

The head of the national network regulator, Klaus Mueller, tweeted late Monday that gas storage had “achieved another milestone" and that the stored gas will help in managing any potential gas emergencies and will flow back into the market.

He cautioned that “nevertheless, we must continue to save gas.” The fuel heats homes, powers factories and generates electricity.

The government tightened storage requirements in July after Russia's state-owned Gazprom started reducing supplies through the Nord Stream 1 pipeline, which has contributed to soaring gas prices.

Germany introduced a requirement for storage to be 75% full by Sept. 1 and raised the targets for October and November to 85% and 95%, respectively, from 80% and 90%. The November target is roughly equal to the amount of gas that Germany used in January and February this year, when temperatures were relatively mild.

Russia hasn't delivered any gas through Nord Stream 1 since the end of August as tensions mount over the war in Ukraine. The country started reducing gas supplies through the pipeline in mid-June, citing alleged technical problems. German officials dismissed that explanation as cover for a political decision to push up prices and create uncertainty.

Before the reductions started, Russia accounted for a bit more than a third of Germany's gas supplies.

The cutoffs forced the government to put together a rescue package for major gas importer Uniper, which has had to buy gas at far higher prices on the market to fulfill its supply contracts. The company last week said it is exploring the possibility of the government taking a majority stake as its losses mount.


The outcome of those talks remains unclear, as does the future of a new levy on natural gas to aid energy importers that the government announced along with the original bailout.

Chancellor Olaf Scholz says Germany is well-placed to get through the winter with enough energy, pointing to new liquefied natural gas terminals expected to start work in the coming months, among other things.

7 Stocks with the Pricing Power to Push Through High Inflation

When inflation rises, it's not difficult to notice higher prices. But you don't have to be very old to understand the expression that a dollar doesn't buy as much as it used to. The Happy Meal was introduced in 1979 for a price of $1.10. Today, that same meal costs $2.99. Yet, it remains one of the restaurant chain's most popular items. It's also a barometer for the economy because of its convenience for parents.

And consider the iPhone which costs 81% more in 2022 than the initial model that launched in 2007. Yet despite the increase in price, consumers are willing to pay whatever is required.

The key to both of these examples, and others like them, is pricing power. A company that has the ability to raise its prices can maintain its profit margins. That means it delivers consistent results regardless of what's happening in the broader economy. In good times, this may be taken for granted. But when the economy slows down, that consistency stands out.

In this special presentation, we're looking at seven companies with significant pricing power at all times, particularly with inflation currently running at 40-year highs.

View the "7 Stocks with the Pricing Power to Push Through High Inflation".

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