The coal industry remains a major supplier to key industries such as steel and utilities through large numbers of coal-fired electricity plants. It remains a dominant energy supplier despite growing global awareness of climate change and moves to reduce the use of coal, one of the world’s most plentiful fossil fuels. Companies like Arch Resources
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Donald Trump’s bid to place Judy Shelton on the board of the Federal Reserve appeared to be in danger after a senior Republican said she lacked enough support in the Senate to win confirmation. Ms Shelton’s nomination as a governor of the US central bank has been controversial from the beginning, because of her sympathy
The UK financial regulator has admitted that the rules on selling investments need to change to restore consumers’ faith, after years of “too many scams and scandals”. In a request for ideas on improving the way savings products and advice are provided, the Financial Conduct Authority asked for input on several processes that have contributed
Marijuana exchange-traded funds (ETFs) provide investors with exposure to equities of companies that engage in the cultivation, distribution, and sale of marijuana and related products. Products of marijuana companies include dried flowers, oils, seeds, edibles, and more. Still prohibited as an illegal substance in many parts of the world, marijuana is gaining wider acceptance for
Klarna is looking to “wreak havoc” on the payments and banking industries after the Swedish “buy-now, pay-later” group was valued at $11bn ahead of a likely stock market listing by the most valuable private fintech in Europe. Sebastian Siemiatkowski, Klarna’s chief executive and co-founder, told the Financial Times that it would use $650m invested by
China’s currency hit its highest level in more than a year as a rise in retail sales signalled that a recovery in the world’s second-biggest economy may be taking hold. The renminbi strengthened as much as 0.5 per cent to Rmb6.7857 a US dollar in trading within mainland China on Tuesday, its firmest level since
Consumer staples products include those that consumers are unwilling or unable to cut out of their budgets, in spite of financial difficulties or economic turmoil. There have been many factors in play in recent months which have threatened financial situations across the country, including the COVID-19 pandemic and periods of heightened tension involving trade between
Two young cricketers pause for a water break after a practice session in the nets, only to be approached by legendary batsman Sachin Tendulkar. But the icon is not there to talk about sports. “Before spending [your money], why don’t you think of investing it?” he asks them. So goes a recent advert sponsored by
Adam Dell attend Sony Pictures Classics And The Cinema Society Host The After Party For “The Burnt Orange Heresy” at New York Academy of Art on March 5, 2020 in New York City. Paul Bruinooge | Patrick McMullan | Getty Images Goldman Sachs is one step closer to creating what it calls the digital bank
Peter Wells in New York Texas reported its smallest daily jump in coronavirus deaths in a week, but its efforts to clear a backlog of historical tests has brought it close to surpassing Florida as the US state with the second-highest tally of confirmed cases since the start of the pandemic. A further 2,595 people
Nvidia Corp. (NVDA) popularized the graphics processing unit (GPU) and gets the vast majority of its revenue from these specialized chips. It’s rapidly expanding into fields such as artificial intelligence (AI). Nvidia designs and sells GPUs for gaming and professional applications, as well as chip systems for use in vehicles, mobile devices, and other tools.
The Trump administration is to review the “technical partnership” deal struck between Oracle and ByteDance, the Chinese group that owns TikTok, before deciding whether to approve the agreement. The deal — which falls short of a full sale — comes as the video-sharing app has been caught up in an escalating tech war between Washington
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant
Boris Johnson on Monday portrayed himself as the defender of Britain against the threat of “extreme and unreasonable” action by the EU, as he sought to quell a growing Conservative rebellion over his plans to break international law on Brexit. But Mr Johnson’s deployment of Churchillian rhetoric did little to contain the anger sweeping through
Home-equity conversion mortgages (HECMs) are the most well known of the reverse mortgage products. These federally insured loans allow homeowners who are at least 62 years old to tap into their home equity. It lets them pay for basic living expenses, healthcare costs, a home remodel, or anything else. While HECMs represent most of the
Google is promising to run all of its data centres and campuses on carbon-free energy within a decade, as the search engine group makes plans to ditch fossil fuels and acquiesce to a key demand from employees concerned about climate change. The company says it may relocate some data centres to reach the new goal
Its name implies speed. Yet more than two decades after its founding, Poland’s largest ecommerce site Allegro will go public. Plans to do so on the Warsaw stock exchange were announced on Monday. The largest IPO there since 2007 will raise €200m in new capital. Cinven and Permira will sell up to a third of
Netspend cards are prepaid debit cards that allow cardholders to make purchases as they would using traditional debit cards. Netspend cards can be used internationally. They are accepted at any location that accepts a debit Visa or Mastercard, depending on the cards brand. Netspend is a TSYS® Company and a registered agent of Axos Bank, The Bancorp
The next head of the World Trade Organization needs recent experience of steering through the coronavirus pandemic, argues Yoo Myung-hee, South Korea’s candidate to head the body. She is one of eight contenders to succeed the Brazilian Roberto Azevêdo as WTO director-general. South Africa’s president Cyril Ramaphosa is facing increased pressure to accelerate reforms of
Canberra has asked Rio Tinto to appoint an Australian as its next chief executive as investors and officials push the mining group to sharpen its focus on a country that generates the bulk of its earnings. The request by Josh Frydenberg, Australia’s treasurer, follows the Anglo-Australian company’s decision to replace Jean-Sébastien Jacques, chief executive, and
Real estate has long been considered a safe investment, whether you own, flip, or rent. If you have the money, you may want to expand your portfolio into the luxury real estate market. Before you jump in, here are some of your options for investing in luxury real estate. Key Takeaways Real estate isn’t considered
UK ministers are set to impose strict conditions on the imminent $40bn takeover of Arm Holdings by US chip company Nvidia, including the protection of jobs and the maintenance of its UK headquarters in Cambridge. Oliver Dowden, culture secretary, is also considering whether to “call in” the deal under the Enterprise Act 2002, which would
The UK’s new trade deal with Japan commits it to tougher restrictions on state aid than the ones it is currently offering the EU in the Brexit talks, potentially undermining its negotiating position with Brussels. In the bilateral UK-Japan agreement announced in principle on Friday, London and Tokyo have agreed to replicate the restrictions on
StubHub operates one of the world’s largest online ticket reselling marketplaces. The company brings together ticket buyers and sellers and allows them to transact business by using either the company’s web site or mobile applications. A subsidiary of eBay Inc. (EBAY), StubHub has been operating since 2000 and is one of the most recognizable online
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH How can you pinpoint compelling investing opportunities in the current environment? Stocks tumbled for the week in a tech-led selloff after reaching record highs. However, even after the pullback, the S&P 500 has still surged almost 15% on
China has banned pork imports from Germany on the eve of critical trade and investment talks, in a move analysts describe as a warning to Europe not to defy Beijing on a range of issues. China’s Ministry of Agriculture and General Administration of Customs said in a joint statement on Saturday that China would stop
Terence Conran was the great panjandrum of British design. His influence was immense and enduring, spanning seven decades. Conran, who has died aged 88, exuded a kind of plutocratic success — always pictured in a suit, “Conran blue” shirt and self-consciously colourful socks, puffing on a fat Cuban cigar and reclining slightly in some modernist chair. In
“Why do I need a lawyer?” many a do-it-yourself-oriented homebuyer often asks. “Can’t real estate agents see me through?” Well, they can in most states. That doesn’t necessarily mean that they should. Although using an attorney can cost thousands of dollars, it is often money well spent. Read on to find out how a real
Firefighters who had been losing ground to the huge wildfires ravaging the western US reported making headway in containing the blazes on Saturday, as cooler temperatures and a drop in wind speeds brought temporary respite amid the historic conflagration. California’s fire agency also said that moist coastal air moving onshore early next week was likely
In the past few years, Sarah Burns has become what she calls “an accidental collector” of late-20th-century costume jewellery. Among the London-based entrepreneur’s treasures – all of which cost less than £500 – are a Givenchy medallion, a Chanel necklace with discreet interlocking Cs, a Christian Dior bangle and a humdinger of a gold butterfly necklace by