MasterCard on Wednesday announced the release of a proprietary tool for central banks that want to test their Central Bank Digital Currency, or CBDC. A report by the Bank for International Settlements noted that more than 70 percent of central banks are considering the idea of issuing digital currencyRead More →
At first glance, 2019 was a rough year for anyone in favor of an economy and society guided from the bottom up by people with the freedom to exchange, cooperate and think as they choose. The highly visible left flank of the Democratic Party, fully embracing socialism in name andRead 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 →
Updates to reflect that the World Bank has not funded a new coal-fired power plant since 2010. Elisabeth Buchwald Protesters gathered outside the World Bank on Friday, saying the organization’s investments have contributed to climate change. Climate change protesters took to the streets of Washington Friday morning, causing massive delaysRead More →
Spanish oil, gas and chemical company Repsol S.A. is aiming to cut emissions to net-zero by 2050 and said it would take a multibillion euro impairment charge against its oil and gas assets. The company REP, -2.05% REP, -0.35% said late Monday that its management analyzed the company’s role “inRead More →
Pure Storage Inc. joined a group of hardware companies that have put a damper on hopes for a second-half rebound, blaming a tough pricing environment and slowing economy for its fiscal third-quarter earnings shortfall and weaker outlook for the fourth quarter. On Thursday, after the company’s disappointing results, shares ofRead More →
Tossing a pizza box into the recycling bin seems like a guilt-free chaser to America’s favorite dining shortcut. Yet a standard cardboard pizza box, with its greasy remnants, is large enough to contaminate other recyclables in the bin. Pizza boxes are one of the biggest recycling sins among many committedRead 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 →
At the end of 2018 the stock market fell about 20%. Could it happen again this year? Let’s use a chart to explore the issue. Please click here for an annotated chart of S&P 500 ETF SPY, -0.33%. Note the following: • The chart shows when the stock market fellRead 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 →
Greta Thunberg is facing attacks over her Asperger’s, but companies are keen to hire people on the autism spectrum. Thunberg, 16, delivered a withering speech on climate change before the United Nations General Assembly on Monday, shaming world leaders for failing to take action. “How dare you,” she said. “YouRead 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 →
‘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 →
Fires are burning in the Amazon. Again. New data from Brazil’s space research agency shows the devastation. The National Institute for Space Research (Inpe) said its satellite data showed an 84% increase in fire loss from the same period in 2018, well greater than what might typically be expected fromRead More →
Tough climate and energy targets have driven a record boom in sustainable bonds over the first half of this year as new industries tap the market for funds. The latest firm to seek finance for climate-friendly projects is the Dutch grocer behind America’s Food Lion, Giant Food, Hannaford, and StopRead More →
© Reuters. FILE PHOTO: Logo of Swiss bank UBS at the company’s headquarters in Zurich ZURICH (Reuters) – Investment banking conditions have improved over recent months but remains “very fragile,” UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender’s own business was performing in line with theRead More →
Have Tyson’s chicken strips jumped the shard? Tyson Foods Inc. TSN, +2.40% the producer of processed meats, will recall nearly 12 million pounds of frozen, ready-to-eat chicken strip products due to metal contamination concerns, the U.S. Department of Agriculture said over the weekend. The recall was expanded from a recallRead More →
“Would you eat a commercial sausage made from maggots? What about other insect larvae and even whole insects like locusts?” Those questions were posed by a University of Queensland science professor who has found some stomach-churning, high-concept alternatives to meat and dairy products. The professor, Louwrens Hoffman, said the globalRead More →
Almost the last thing the world needs is pundits feeding Elon Musk’s sense of grandiosity, but I’ll say it: Tesla’s Model Y, set to be revealed Thursday, may be the car that saves the world. Alas, Mr. Musk, it’s not because the first small SUV from Tesla TSLA, -2.60% andRead More →
“Is it OK to still have children?” New York Democrat Alexandria Ocasio-Cortez recently set off a firestorm by putting that very question to her 2.7 million followers in an Instagram live stream. Her words, of course, may have been twisted by her critics, with Steve Hilton on Fox News callingRead More →
It has been raining in Nashville. I don’t mean a little rain, I mean 13.47 inches of rain through Feb. 23, a mere 3 inches shy of the record monthly rainfall we received in 2010, which unfortunately flooded my home and many others in the area. Needless to say, I’veRead More →
‘Sustainability is embedded in everything we do.’ That’s Best Buy’s BBY, +0.15% CEO, Hubert Joly, talking about the big-box electronics and appliance chain’s commitment to environmental and other progressive practices. It’s a claim endorsed this week by Barron’s, which ranked Best Buy — dubbed the last man standing in consumer-electronicsRead More →
Is an investment in “The Happiest Place on Earth” a contrarian stance on global political and economic strife? Or is it simply one consumer-focused big cap — Todd Ahlsten of Parnassus likes undervalued Disney for its streaming catch-up — in a diversified portfolio? Don’t like Disney DIS, +0.03% muchRead More →
Low interest rates will be with us into the future, said former Federal Reserve Chair Janet Yellen during an appearance at the National Retail Federation’s annual conference in New York on Monday. “All evidence suggests we’re going to be in an environment of low interest rates for a long time.”Read More →
