The U.K. fired up a coal power plant in early September after its renewable energy grid of dreams failed to generate enough power to sustain electricity demand and the price of natural gas and electricity were soaring. In 2020, coal contributed about 1.5% of the...
As of 5 AM EDT this morning, the U.S. Naval Research Laboratory (NRL) and National Hurricane Center (NHC) has Ida at category 4 strength with 138 mph sustained winds and gusts of up to 167 mph. Ida is expected to strengthen before making landfall south of New Orleans...
Earlier this week, I warned Crush The Street viewers to the fact that crude oil futures signaled heavy deflationary pressures. Like clockwork, “black gold” prices tumbled on Monday’s session, followed by another sharp selloff on Tuesday. Such negativity confirms what...
Undoubtedly, October represented a brutal month for the stock market. The benchmark Dow Jones Industrial Average shed 5.6% during that time, immediately destroying what had been a promising rally. Another factor that didn’t help ease investors’ minds was history. Many...
The benchmark Dow Jones index did something that it hasn’t done all year – string together seven consecutive up sessions. Not only that, the moves were fairly significant considering the circumstances. Since the close of May 3rd, the index gained 3.8%. But despite the...