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Bloomberg President Donald Trump ordered his energy secretary to take immediate action to stem power plant closures, arguing that a decline in coal and nuclear electricity is putting the nation’s security at risk. “Impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our nation’s energy mix and impacting the resilience of our ...

Bloomberg Euro-area inflation hit the fastest pace in more than year, some good news for European Central Bank officials debating the future policy path just as turmoil in Italy revives memories of the debt crisis. The 1.9 percent rate, effectively in line with the ECB’s goal, was up from just 1.2 percent in April and above the 1.6 percent reading ...

Bloomberg Judging by some big boosts to US tracking forecasts following April merchandise-trade data and revised first-quarter growth, economists have turned decidedly more bullish about a pickup from the slow patch in early 2018. Analysts at Morgan Stanley raised their projection for second-quarter gross domestic product growth to a 3.3 percent annualised rate from 2.5 percent, while Macroeconomic Advisers by ...

Bloomberg Europe’s biggest debt collector, Intrum AB, says it doesn’t see the political turmoil in Italy hurting its business. “The way things look today, and” given “what we have on our books, we think that is very good debt,” said Louise Bergstrom, head of investor relations at the Stockholm-based company. Intrum, which operates in 24 countries, offers credit management services ...

Bloomberg Crispr Therapeutics AG plunged after the gene-editing company said a planned trial of its treatment to help people with sickle-cell disease was being put on hold by US regulators. Crispr is developing the therapy with Vertex Pharmaceuticals Inc., and the trial had yet to begin. The companies said in a statement that the Food and Drug Administration placed a ...

If you’re nostalgic for the 2008-09 financial crisis, you can cheer up. Another debacle may be on its way. Its epicenter would be Italy, which may threaten the rest of the world economy. Under the worst-case assumptions, Italy could abandon the euro — the single currency now used by 19 countries — and experience a full-blown financial meltdown that would ...

From the beginning of Donald Trump’s presidential campaign, he has said he wants to make trade “fair.” For too long, he argued, American companies and workers suffered as trading partners used tactics that stole jobs, damaged US industry and widened deficits. The implication was that he’d work to strip away the remaining tariffs and other hurdles that tilted the playing ...

However you regard the veracity of a short-seller’s allegations against Samsonite International SA, one thing is certain: Targeting a Massachusetts-based firm with a wide shareholder base seems to be a much a safer bet than going after the hordes of opaque Chinese companies in Hong Kong. The baggage company, whose hard-shell suitcases recall the glory days of flying, has become ...

About 42 million people received benefits in the 2017 fiscal year from the Supplemental Nutrition Assistance Program — still widely known as food stamps, although the paper coupons were replaced by debit cards more than a decade ago. That’s a lot of people! It’s almost 13 percent of the US population, which is down from a couple of years ago ...

No one has learned any lessons. That’s the discouraging takeaway from a Wall Street Journal article about the nearly unchecked power held by founders of many young technology companies. The people bankrolling those companies are responsible for providing oversight, too, but don’t seem to be doing much of it. The Journal reported that two-thirds of US startups with venture-capital investors ...