Recent Posts

Shale dividend for utilities is ending

Maybe it’s utilities Elon Musk should have been courting for his take-Tesla-private fling. In a power-sector workshop convened by Bloomberg New Energy Finance in June, more than two-thirds of industry attendees said they think US electricity demand will have peaked by 2030. Looking at the past decade, hooking up millions of vehicles to the grid may offer the best route ...

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The earnings boom isn’t just about lower taxes

In the first quarter of this year, after-tax US corporate profits as measured by the Bureau of Economic Analysis went up a lot (at an 8.2 percent annualised rate over the previous quarter), but pretax profits only went up a little (1.2 percent). That raised questions of whether all those great first-quarter earnings reports were mainly just the result of ...

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The ECB should pick an Italian to supervise banks

It seemed like good news for Europe when Sharon Donnery, deputy governor of the Irish central bank, made an application to be the top banking supervisor at the European Central Bank (ECB). She is widely regarded as extremely competent, has experience in important areas like nonperforming loans, and is a woman in an institution that badly needs women in leadership ...

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