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Stocks fell, with the three major U.S. indexes poised to close lower for the week, as major banks kicked off the fourth quarter earnings season with mixed results and December retail sales were lower than expected. Key Takeways Stocks are lower with the Dow, S&P 500, and Nasdaq poised to drop for the week. Retail and food sales sank 1.9% in December, the biggest drop in 10 months. Banks reported mixed earnings, and JPMorgan is the worst-performing Dow and S&P 500 stock after it reported trading revenue fell. Banks and Retail Stocks Fall, Energy Gains The Dow is down more than 300 points, nearly a full percent, and the S&P 500 is about 0.5% lower. The Nasdaq's earlier gains have reversed and that index is down about 0.2%. JPMorgan Chase & Co. ( JPM ) is the worst-performing stock in both the Dow and S&P 500 after reporting a fourth-quarter loss, and net interest margin that came in below analysts' consensus estimates. Shares of … [Read more...] about Stocks Fall as Bank Shares Drop and December Retail Disappoints

Stocks swooned as monetary policy , geopolitics, and corporate earnings stoked fears, again rattling investors, who scurried for safer investments. Key Takeaways Stocks fall again as monetary policy, geopolitics, and corporate earnings stoked fears Rattled investors scurried for safer investments, pushing bond and gold prices higher. The VIX, the so-called "fear index," climbed higher, continuing a steep ascent that began with the new year. The Nasdaq is down more than 300 points, while the Dow Jones Industrial Average (DJIA) is close to 300 points lower. The CBOE Volatility Index (VIX)—the so-called "fear index"—climbed higher, continuing a steep ascent that began with the new year. Concerns that sent major averages lower yesterday—before markets reversed and roared back to finish the day higher—are back today: rising interest rates as the Fed begins its two-day meeting, and the possibility of a Russian invasion of Ukraine. Investors are also weighing a … [Read more...] about Stocks’ Rout Continues as Rates and Russia Rattle Investors

Share to Twitter Share to Linkedin When Phil Rosenthal — creator, host and spirited funnyman of the award-winning Netflix travel-food show Somebody Feed Phil — smiles, which he does much of the time, his lips curve into the shape of a heart. Well, not a fully rounded classic heart. Rather, his mouth forms a sweet uplifted stretch of a heart. His typical facial expression — looking a little wonderstruck, a lot joyful — reflects Rosenthal’s persona: positive, ebullient, curious, caring and quick-witted. Rosenthal is beloved by legions of fans who are cheered by his gung-ho humor and inquisitive quest for the best. So this fifth season of Somebody Feed Phil , which premieres May 25 on Netflix, has been highly anticipated. It showcases five distinctive destinations, each with unique culinary twists: Oaxaca (Mexico), Maine, Helsinki (Finland), Portland (Oregon) and Madrid (Spain). These illuminating episodes brim with vibrant scenery, kitchen … [Read more...] about He’s Back! Phil Rosenthal Of ‘Somebody Feed Phil’ On His New Netflix Season, Starting May 25

Share to Twitter Share to Linkedin The context is transitioning from fossil energy to renewables. One key aspect of this is transport via gasoline or diesel vehicles and its transition to electric motors driven by batteries or hydrogen. The fossil fuel industry should be concerned about the efficiency and cost of sustainable transport, because that will determine the speed of the transition which will likely affect the decline of oil production and perhaps the oil and gas industry itself. Elon Musk knows batteries. He builds them: to propel cars and trucks, at one bookend, to grid-scale behemoths that store and stabilize electrical power for hundreds of homes and commercial enterprises, at the other bookend. Last week, May 12, 2022, Musk said hydrogen “is the most dumb thing I could possibly imagine for energy storage.” This is not the first time, as Musk has made similar negative comments in past years. A few years ago, Musk told reporters that hydrogen … [Read more...] about Is Elon Musk Right Or Wrong To Dismiss Hydrogen Use For Low-Carbon Energy Storage?

Share to Twitter Share to Linkedin The electricity system in the U.K. was its greenest ever on Easter Monday 2021: 76%. The very next day it fell to 45%. Obviously, it varies widely with how much sun is shining and how strongly winds are blowing. The energy mix on Easter Monday was 39% wind, 21% solar, and 16% nuclear. Gas power plants provided 10% and coal plants provided zilch. Wood-burning biomass was 4%. But the race to renewables had already been won by a large state with low population in Australia. In October 2020, South Australia’s electricity was carbon-free – for one hour – powered by large-scale wind and solar but also by rooftop solar collectors (one in four houses have rooftop solar in Australia). What large daily variations in green electricity tell us is that backup supplies are needed for renewables. In the U.K., backup is mainly gas-fired power plants. In the U.S., reliability of renewables is a concern and it’s important to … [Read more...] about Green Electricity Can Be Unstable. Big-Battery Backups Are The Solution.