Bloomberg The Trump administration is again seeking severe cuts to the US Energy Department division charged with renewable energy and energy efficiency research, according to a department official familiar with the plan. The official, who spoke on the condition of anonymity, said the Office of Energy Efficiency and Renewable Energy would see its $2.3 billion budget slashed by about 70 …

Bloomberg A $10 trillion global stock rally is showing signs of fragility, and you can blame the economy. Both the American and European benchmarks posted their biggest weekly losses since the darkest days of December’s sell-off, with the S&P 500 dropping 2.2 percent. While the week ended with the European Central Bank’s (ECB) dovish turn and President Donald Trump predicting a …

Bloomberg Goldman Sachs Group Inc. was half right about what it expected to happen with a more dovish-sounding Federal Reserve. But that didn’t save its US dollar trade — so it’s trying a different tactic. The firm’s recent recommendation to short the US Dollar Index (DXY) hit its stop — the level at which a trade is halted so losses …