Solar Power Gets $46 Million Boost From U.S. Energy Department
published Jul 12th 2017, 3:17 pm, by Christopher Martin (Bloomberg) — The U.S. Energy Department awarded $46.2 million in research grants to improve solar energy technologies and reduce costs to 3 cents per kilowatt-hour by 2030. The money will be partly matched by the 48 projects awarded to laboratories and
Why Commodity Traders Are Fleeing the Business: Shelley Goldberg
published Jul 12th 2017, 12:32 pm, by Shelley Goldberg (Bloomberg Prophets) —Profiting from commodity trading often requires a combination of market knowledge, luck, and most importantly, strong risk management. But the number of commodity trading houses has dwindled over the years, and the institutional, pure-play commodity hedge funds that remain —
Where the Trump-Russia Scandal Is Headed: Jonathan Bernstein
published Jul 11th 2017, 2:36 pm, by Jonathan Bernstein (Bloomberg View) —It’s hard to believe after four days of increasingly dire revelations about the president’s son, son-in-law, and former campaign manager, but true nonetheless: The basics of the Trump-Russia scandal have only changed mildly in the past year. In 2016, Donald
Saudi Arabia Is Said to Exceed Oil-Production Cap for First Time
published Jul 11th 2017, 4:00 pm, by Wael Mahdi (Bloomberg) —Saudi Arabia told OPEC it pumped 10.07 million barrels a day in June, a person with knowledge of the data said, exceeding its production limit for the first time since brokering a deal to curb global crude supply to counter a glut.
Devotional 7/12: Getting Over God?
Several weeks ago, I was at a doctor’s office. While I was waiting for the doctor to show up, I looked at his bookshelf. Among the books was a book entitled Getting Over God (I cannot remember the author). Upon initially seeing the book. I naturally got defensive, as faith
U.S. Stocks Rebound From Trump Shock, Oil Rises: Markets Wrap
published Jul 11th 2017, 3:05 pm, by Jeremy Herron (Bloomberg) —Fresh reports on the Trump campaign’s possible involvement with Russia during last year’s election shattered calm on financial markets Tuesday, sending U.S. stocks lower in a brief spurt of late morning selling. The move proved short-lived, as the S&P 500
Passive Investing Might Not Be Great for Growth: Noah Smith
published Jul 10th 2017, 5:30 am, by Noah Smith (Bloomberg View) —When United Airlines called security to drag passenger David Dao off of his flight back in April, some observers cheered the airline’s falling stock price, expressing the hope that this would punish the company’s executives and owners and spur
Trump Invokes Patriotism, Unity After Day of Anti-Media Tweets
published Jul 1st 2017, 10:06 pm, by Margaret Talev (Bloomberg) —President Donald Trump delivered a campaign-style speech heavy with patriotic themes and support for American troops on Saturday night, and didn’t spare the news media from another dose of the criticism dished out earlier in the day on social media.
Congress’s Other Health-Care Problem Awaits Action on ACA
published Jul 10th 2017, 5:18 pm, by Anna Edney (Bloomberg) —Congress must renew a fee program that funds government review of new drugs and medical devices, but a legislative logjam over the Senate’s health-care overhaul stands in its way. Lawmakers need to sign off on the drug and device fees
U.K. Wants to Insure Poorer Nations Against Natural Disasters
published Jul 7th 2017, 4:30 pm, by Robert Hutton (Bloomberg) —The U.K. will attempt to build a market for insuring countries against natural disaster, with the goal of providing more stable funding for relief from famines and floods. Prime Minister Theresa May will announce the move at the Group of