Recent power outages in Michigan, New York and San Francisco are the latest evidence of how bad weather and antiquated equipment shut down vital energy services. A government study estimates that weather, the most common cause of power interruptions, costs the national economy tens of billions of dollars every year. Four months ago, the U.S. […]
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Skepticism is again proving unhealthy for European stock bears who see a monster behind every door. They were punished anew on Monday. French stocks surged to an eight-year peak after centrist Emmanuel Macron won the first round of the country’s presidential elections. That sparked regional benchmarks to soar to their highest levels since 2015. Again […]
White House Office of Management and Budget Director Mick Mulvaney. REUTERS/Kevin Lamarque Top Trump administration officials are giving out differing accounts of a tax plan that the president has promised will be released on Wednesday, calling into question whether they have ironed out some of the most difficult components of any proposal. Among the major decisions President […]
An American Airlines jet. (Alan Diaz/Associated Press) American Airlines said it is investigating an incident in which a male flight attendant reportedly upset a female passenger to the point of tears, then later was recorded getting into a heated confrontation with a male passenger who tried to come to the woman’s defense. “We have seen the […]
The Trump administration has denied a request from Exxon Mobil to waive U.S. sanctions against Russia to allow the company to resume oil drilling around the Black Sea. Treasury Secretary Steven Mnuchin said Friday in a brief statement that the administration “will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by […]
International Monetary Fund (IMF) Managing Director Christine Lagarde gestures as she arrives at a G-24 meeting during 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013. REUTERS/Yuri Gripas WASHINGTON — This year’s spring meetings of the International Monetary Fund are like one big therapy session for the global […]
It would appear that the housing slump is now well and truly over. Existing home sales in the US have jumped to a level not seen since 2007. And given that house building has been somewhat restrained since then it would appear that prices are likely to move higher into the future: U.S. home resales […]
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