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Europe: +44 (0) 207 198 1634 Equities and the Economy: • Stocks close lower. • Lofty forward P/E ratios and higher interest rates not compatible. Yesterday stocks retreated on what I consider normal price action. The Dow fell 51 points closing below 21,000 at 20,954, the S&P 500 lost 8 points to 2,375 and the Nasdaq dropped 22 points to 5,849. […]
The same week that New York announced that the Indian Point Nuclear Reactor would be shut down, Gov. Cuomo announced that the largest offshore wind project in the US would be built off the coast of Long Island. This new wind farm will help offset the loss of nuclear power, while eventually providing power to […]
Equities and the Economy: • U.S. stocks meander. • Still can’t penetrate Dow 20,000. U.S. stocks chopped around yesterday. While the Dow fell 77 points, 0.38%, ending at 19,887 and the S&P 500 lost 8 points, 0.35%, finishing at 2,269, the Nasdaq posted a small gain of 11 points, 0.19%, closing at 5,532. The market […]
Equities and the Economy: • Record highs again for Dow and Nasdaq. • Banking sector driving the market. The Dow gained 92 points yesterday, 0.5%, closing at a record high of 19,975 trading intraday even higher at 19,988, just 12 points shy of 20,000. The Nasdaq also closed at a record high at 5,484, up […]
America’s first offshore wind farm is finally up and running off the coast of Rhode Island! The 30MW wind farm is now supplying almost 100% of Block Island’s energy demand, with the excess capacity being used to power Narragansett and other RI towns. PROVIDENCE, R.I.–(BUSINESS WIRE)–After just 11 months of construction on its “sea2shore: The […]
Google, one of the largest energy consuming companies in the world, will become completely carbon-neutral in 2017 through investments into large utility-scale wind and solar farms. MINCO, Okla. — Last year, Google consumed as much energy as the city of San Francisco. Next year, it said, all of that energy will come from wind farms […]
Several US companies have made commitments to using 100% renewable energy in the future, and Amazon Web Services is now on track to use over 50% renewables by the end of next year. Their 5th renewable energy project, a 189 MW wind farm in Ohio, will increase their renewable generation capacity to over 2.2 million […]
Since 2010, the total share of wind generation in the US has more than doubled with many states seeing renewable energy as a way to offset the closing of coal and nuclear plants. Source: U.S. Energy Information Administration, Electric Power Monthly In 2015, 11 states generated at least 10% of their total electricity from wind. […]
Equities and the Economy: Yesterday was another day of muted, consolidated trading. After hitting a 2 week high on Monday, the Dow fell 54 points to 18,169, the S&P 500 ended off 8 at 2,143 and the Nasdaq lost 26 to 5,283. If we must point to something let’s point to the Conference Board’s Consumer […]
Amazon announced Amazon Wind Farm Texas, a new 253-megawatt (MW) wind farm in Scurry County, Texas, that will generate 1,000,000 megawatt-hours (MWh) of wind energy annually. Scheduled to open in late 2017, Amazon Wind Farm Texas will be the company’s largest renewable energy project to date. Amazon contracted with Lincoln Clean Energy (LCE), who will […]
