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Europe: +44 (0) 207 198 1634 Equities and the Economy Yesterday we went from euphoria to chagrin to whew. At this time yesterday Dow futures were up 227 points (euphoria) only to trade lower as the day went on and then going negative a little after 1 PM CST (chagrin) and then recovering in the last 45 minutes of the session […]
Equities and the Economy Yesterday the markets were closed so let’s review the last trading day, which was Friday. I’ll make this like ripping off the Band-Aid, quick and painful. The Dow fell 391 points, 2.39%, ending under 16,000 at 15,988 (we were over 18,000 last July), the S&P 500 lost 42 points, 2.18%, ending […]
ERCOT reported a 2.2% increase in energy usage within its region of Texas in 2015, fueled by a record-breaking summer that brought a new peak demand record approaching 70,000 MW. The Texas grid operator released a report Jan. 15 that indicated the system consumed 347,522,945 MWh of electricity last year, nearly 7.5 million MWh more than in […]
New York has an ambitious future planned for its electricity industry called “Reforming the Energy Vision” (REV). This plan proposes to transform NY’s electricity industry by making energy efficiency and other distributed resources part of the grid. The biggest change under REV is that distribution utilities will shift from the role they play today into […]
Nevada regulators have been going back and forth on the state’s solar incentives. 2015 ended with the Public Utilities Commission of Nevada (PUCN) approving a new net metering policy for 2016. The order states that all solar customers (old and new) will be paid for their excess solar power generation at wholesale instead of retail […]
Equities and the Economy FINALLY. A good day! And a big day! The Dow closed up 228 points, 1.41%, to 16,379, the S&P 500 added 32 points, 1.67%, ending at 1,922 and the Nasdaq rose 89 points, 1.97%, to 4,615. As good as it was, and up is way better than down, the Dow captured […]
Full rail cars outside Cloud Peak Energy’s Antelope Coal loading terminal in Rawlins, Wyo. About 40 percent of the nation’s coal is mined on public land in the state. Credit Jim Wilson/The New York Times WASHINGTON — The Obama administration will announce on Friday a halt to new coal mining leases on public lands as […]
Equities and the Economy Boy, that reprieve was short lived. Yesterday U.S. stocks ran up sharp losses with the Dow falling 365 points, 2.21%, to 16,151, the S&P 500 lost 48, 2.50%, ending at 1,890 and the Nasdaq got unadulteratedly destroyed losing a whopping 3.41%, 160 points, to 4,526. The S&P closed below 1,900 for […]
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Based on EIA’s weekly survey of gasoline prices, the U.S. average retail price for regular gasoline fell to $1.996 per gallon (gal) on January 11, falling below $2.00/gal for the first time since March 23, 2009. The U.S. average retail regular gasoline price had last […]
Equities and the Economy U.S. stocks finally had a positive day yesterday with all three major indexes closing higher resulting in being the best day of the year so far! Whoo-hoo! The Dow rose 117 points, 0.72%, finishing at 16,516, the S&P 500 climbed 15, 0.80%, to 1,939 and the Nasdaq closed 1.04% up, 48 […]
