As the Atlantic hurricane season begins June 1 and runs through November, at least one major forecasting body predicts an above-normal season. Still, 2021 is not expected to match the historic wrath of 2020 storms. Forecasters at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center see aRead More →
Investors usually must contend with a trade-off between income and growth. Not so with the Reaves Utility Income fund, which has a 6.48% dividend yield and performance that has beaten the S&P 500 Index US:SPX over the past 10 and 15 years. That’s unusual, given that the benchmark index isRead More →
Police arrested a resident in Makhachkala, Russia, on June 9, who allegedly created an illegal massive crypto-mining structure that connects around 500 platforms to the local power supply network. According to the June 6 announcement from local authorities, the 30-year-old crypto miner established a mining scheme that caused economic damageRead More →
Oil futures fell Friday, with traders citing uncertainty about demand for fuel and rising U.S.-China tensions over Hong Kong, but the U.S. crude benchmark remained on track for its biggest monthly rise on record. “Demand is rising, and production is falling, but China might be the fly in the oilRead More →
Amazon.com, AT&T Inc., DHL Express USA Inc. and other select companies with major delivery fleets and their accompanying heavy carbon footprints are banding together for an electric-vehicle collaboration expected to keep up the pressure on the EV industry and the corporations that dominate American roads. The group comes together underRead More →
Oil futures fell sharply on Wednesday, logging lowest settlement since mid-December, as comments from President Donald Trump calmed nerves surrounding a potential war with Iran. Prices had seen a sharp but brief spike late Tuesday, brought on by Iranian missile strikes at bases in Iraq where U.S. troops are stationed.Read More →
There’s a road map for rapid and comprehensive U.S. emissions reductions by states, cities and businesses that eliminates outright reliance on the federal government to keep the country in the global race to curb man-made climate effects, according to a new report, Accelerating America’s Pledge. However, action at the nationalRead More →
The start of December is testing this Teflon stock market. Wall Street’s open is looking rough for Tuesday after U.S. President Donald Trump said a China trade deal might have to wait until after the 2020 election. That came after the worst day for stocks in eight weeks. We bestRead More →
Oil prices posted sharp losses Friday, trimming the November gain, as the much-anticipated approval of a production-cut extension at next week’s OPEC meeting grew more doubtful following speculative reports. Saudi Arabia probably will indicate it’s no longer willing to compensate for excessive production by other members of the Organization ofRead More →
It would be one of the most valuable gemstones on the planet, lost in the most destructive fire in California history — if it even exists. A Northern California couple has claimed the “Beleza Emerald” — a 500-pound “solid block of black schist and quartz with green crystals,” according toRead More →
Let’s go back in time to June 2008, when Apple introduced the iPhone 3G. Nokia then was the world’s largest phone maker. What we did not know at the time was that Nokia was actually the largest dumb phone maker and that Apple was about to become the largest smartphoneRead More →
Utility companies reliant on coal-fired power plants may be starting to get a cold shoulder from corporate debt investors as the risks around rapid climate change come to the fore. If attitudes against coal energy shift in Washington D.C., the worry is electricity providers may suffer unanticipated write-downs if forcedRead More →
As ExxonMobil heads to court this week for a New York lawsuit accusing it of misleading investors about climate change, a team of researchers at George Mason, Harvard and Bristol universities tracked evidence of a decades-long campaign of alleged deception at the oil giant that the scientists say has confusedRead More →
Oil futures traded higher Friday, looking to score a third gain in row, with support tied to progress toward deals on U.S.-China trade and Brexit, as well as a weekly fall in U.S. inventories. Prices, however, held on to a loss for the week on the back of downbeat economicRead More →
Edge of your seat or under your seat may both be good spots to watch the U.S.-China trade talk-show getting under way Thursday. That’s judging by the stream of conflicting news reports that have been whipping markets around, such as one report saying the Chinese would bail early, briefly wipingRead More →
There has been a persistent but largely uneventful conversation about climate change over the last several years. But in 2019, we may finally be seeing the beginning of real action. Democrats in the U.S. House of Representatives introduced a “Green New Deal” last spring. While it was voted down, allRead More →
‘In politics there are so many issues, sometimes boring. On tackling such a big-scale issue like climate change, it’s got to be fun, it’s got to be cool. It’s got to be sexy too.’ Shinjiro Koizumi With the United Nations kicking off a conference that will include attention on theRead More →
Delivery giant Amazon AMZN, +0.39% on Thursday set a goal to meet the Paris Climate Agreement objectives 10 years early, with a pledge to be carbon neutral by 2040 — including its Prime one-day shipping perk. Amazon will also work toward using 100% renewable energy by 2030. The ambitious planRead More →
Bonds issued by embattled U.S. energy companies with sub-investment-grade ratings saw a major boost Monday after oil prices spiked following Saturday’s attack on Saudi Arabia’s oil production facilities. Energy company defaults have weighed down the U.S. high-yield bond market all year as companies have struggled to balance slower global growthRead More →
‘I’m a conservative Republican and I believe climate change is real. It’s time for my fellow Republicans in Congress to stop treating this environmental threat as something abstract and political and recognize that it’s already affecting their constituents in their daily lives.’ So begins a Wednesday op-ed from Rep. FrancisRead More →
(This is the fifth article in a series about dividend stocks in today’s low interest-rate environment based on interviews with professional investors. Links to the previous articles are below.) Investors who want to follow a dividend strategy but are worried about a decline in stock prices may be well-served byRead More →
Bloom Energy Corp. stock on Tuesday traded at a third of its initial public offering price after the clean-tech company talked down its prospects for next year on concerns that clean-energy initiatives in key states would end up hurting it. The stock BE, -41.47% fell more than 40% to tradeRead More →
Oil prices, trading at multiweek highs in recent sessions, cooled on Tuesday, although heightened tensions between the U.S. and Iran remained front of mind for the energy market. Oil did climb up from the day’s deepest losses, a mild recovery that traders pinned on underlying optimism for a break inRead More →
Oil futures extended this week’s rally on Friday after U.S. prices scored their highest settlement this month a day earlier, alongside the biggest one-day gain so far this year, lifted by expectations for economy-boosting central bank policy and continued Middle East tensions that could disrupt oil markets. Gasoline futures shotRead More →
Tesla Inc. dropped to third place in U.S. residential solar installations and Sunrun Inc. gained market share and kept its lead, according to a report Wednesday by consultants at Wood Mackenzie. Tesla TSLA, +0.29% installed 6.3% of U.S. residential solar capacity in the first quarter of this year, Wood MackenzieRead More →
