Christine Lagarde started her first press conference as president of the European Central Bank (ECB) by warning that she was different from her predecessor, Mario Draghi. It took reporters just a few minutes to realize that she was indeed. Lagarde is ushering in an era of democratic central banking at the ECB, or so she wants you to believe. But ...

The Texas power market is a gamble. Generators seeking the occasional windfall from price spikes weigh the odds on temperature, wind-speed, the economy and, crucially, how much capacity their rivals are starting up or shutting down. Regarding the latter, they get some guidance from the state grid operator every six months in the form of projections of how much power ...

Markets are cheering trade progress between the US and China. It’s important to note that a trade deal isn’t a cure-all — especially for manufacturers. President Donald Trump reportedly signed off on an initial trade deal with China that will delay proposed tariffs on some $160 billion of largely consumer goods set to take effect on December 15. The deal ...