Solar energy could be the world’s largest source of power by 2050, providing more than a quarter of the Earth’s energy, according to the International Energy Agency (IEA).
The strong jobs report confirms that the U.S. economy’s fundamentals are strong enough to sustain its positive momentum despite the sub-par outlook for its trading partners in Europe, Japan and China. This report also shows that the soft reading for the preceding month was an outlier.
Gold investing bids pushed prices up to $1222 per ounce in quiet Asian trade Thursday morning, but the metal retreated as European stock markets fell again and crude oil sank 2% to multi-year lows.
Here is a new update of a popular market valuation method using the most recent Standard & Poor's "as reported" earnings and earnings estimates and the index monthly averages of daily closes for the past month...
The fourth quarter began yesterday and we're starting things off on a sour note. After squeezing out a minor gain in the third quarter, the S&P marked its seventh consecutive quarterly gain, but has been trending down for the last two weeks.
This seems to be the first time in several months that ECB President Draghi has been rather anti-climactic. The disappointment or the "sell the rumor, buy the fact" scenario we suggested is, in fact, unfolding, and the euro is correcting higher.
Argentina’s recent default has renewed interest in sovereign debt restructuring. And while developed countries still oppose the idea, placing it under the IMF may ease negotiations. Sovereign debt – the debt owed by countries to others, whether private or public...
Two years ago, the new seven-member Standing Committee of the Chinese Communist Party Politburo — the most powerful political entity in the country — was introduced to great fanfare. All seven men walked on stage wearing a dark suit and a red tie, but to me the most striking aspect of their appearance was their hair.
Regulatory capture – when regulators come to act mainly in the interest of the industries they regulate – is a phenomenon that economists, political scientists, and legal scholars have been writing about for decades.
One of the 2014 predictions that I made back in January was “The crude oil export ban will not be lifted in 2014.” The present ban on U.S. crude oil exports dates to the The Energy Policy and Conservation Act (EPCA) of 1975.