Bloomberg HSBC Holdings Plc is planning to phase out the financing of coal used for generating electricity by 2040, the latest bank to commit to ending support for the greenhouse gas-intensive fossil fuel. The London-based lender will stop financing thermal coal in the European Union and countries belonging to the Organisation for Economic Co-operation and Development (OECD) by 2030, ...

  Bloomberg Buying after a plunge, a trade rewarded virtually every time stocks pulled back in 2021, is facing a big challenge. Down hard for a second day Monday, the S&P 500 has now posted back-to-back, 1%-plus swoons twice in the past month, something it has mostly avoided doing before. It’s a worrying departure from the recent past, when 1% ...

  Bloomberg Stocks rise with US equity futures Tuesday on wagers that vaccines can help tame the omicron virus outbreak and signs that US President Joe Biden could yet revive his $2 trillion economic agenda. European shares rebounded, with miners in the lead as commodities gained. Asian shares were bolstered by a rebound in Japan and a rally in Chinese ...