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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. Friday was a very mixed day for U.S. equities. The Dow ended the week on a positive note closing up 113 points, 0.7%, at 16,215, the S&P 500 closed just about unchanged, down 1 point, and the Nasdaq got hammered falling 1.03%, 48 points, ending at 4,686. The Dow […]
The federal government is lending a hand to the struggling wind energy sector by leasing almost 350 acres of the ocean floor off the New Jersey coast for turbines, according to NorthJersey.com. The plan is to auction two leases between Nov. 9-13. The seafloor at auction could potentially support turbines that generate 3,400 MW of electricity, […]
Equities and the Economy Good morning. Make that the last 5 out of 6. I’m talking about the number of days U.S. stocks have traded lower. The Dow closed down 79 points, 0.48%, at 16,201, the S&P 500 fell 7, 0.34%, to 1,932 and the Nasdaq was off 18, 0.38%, ending at 4,734. My friends, […]
Equities and the Economy A morning rally in U.S. equities fizzled out in the afternoon and stocks closed lower on the day with the Dow down 51 points to 16,280 and the S&P 500 and Nasdaq both losing 4 points closing at 1,939 and 4,753, respectively. It could have been a much worse day for […]
Most companies consider energy management to be an essential aspect of corporate strategy, according to Deloitte’s 2015 resources study, published by the Deloitte Center for Energy Solutions. The report is based on 600 online interviews with business decision-makers who are responsible for energy management practices at companies with more than 250 employees across all industries. […]
Good morning. After Monday’s head fake getting us excited with the gains equities resumed their downward trend from last Friday with the Dow closing 179 points, 1.09%, lower at 16,330, the S&P lost 24, 1.23%, to 1,943 and the Nasdaq closed ended down 72, 1.50%, at 4,757. Now the good news is that as a […]
Good morning. After mass liquidation of length on Friday following the Fed’s decision on Thursday not to raise interest rates it was an about-face yesterday with risk once again in vogue yesterday. The Dow rose 126 points, 0.77%, closing at 16,510, the S&P 500 added 9, 0.46%, to 1,967 and the Nasdaq inched up 2 […]
HOUSTON — September is about halfway through this year’s hurricane season, and so far the seas have been calm. Every so often, the Atlantic produces a storm strong enough to shutter offshore oil and natural gas production and, if large enough, impact refining and transportation along the Gulf Coast. That hasn’t happened this year, and […]
Good morning. It’s good to be back after a week of business travel. The last Morning Energy Blog was published Friday September 11th reflecting what markets did the day before on Thursday the 10th. Let’s see what’s transpired since that time. On that Thursday the Dow closed at 16,330, the S&P 500 ended at 1,952 […]
From the decline of coal power to the rise of energy storage, big changes are taking hold in the industry By now, it’s become cliché to suggest that the utility industry is on the brink of a massive transformation. Analysts told us this would happen — the traditional electric utility model would be upended, and […]
