The Energy 202: What the Dodd-Frank rollback could mean for energy companies
THE LIGHTBULB House Speaker Paul D. Ryan (R-Wis.) during a press conference where he delivered remarks on the Financial Choice Act. (EPA/SHAWN THEW) While everyone was watching James B. Comey's testimony in the Senate on Thursday, the other side of the Capitol was more quietly (but also consequentially) passing a piece of legislation that would have far-reaching financial implications if it becomes law. The bill is called the Financial Choice Act, and it passed the GOP-led House in a 233-to-..>> view originalHow to Think about Low-Income Housing
Well, raise my rent! Here’s a great big Muppet News Flash from the Washington Post: Average-priced goods are relatively expensive for low-wage consumers. Seriously. Today’s entry in the great national stupidity sweepstakes comes from Tracy Jan, who is relaying the findings of the latest report from the National Low-Income Housing Association. The report’s basic claim takes a familiar form that falls somewhere between intellectual sloppiness and intellectual dishonesty: People earning the m..>> view originalApple, Facebook and other big tech stocks tank, weigh on Wall Street
The analysts said that momentum and growth as market factors are elevated and the tech names are appealing because investors may be looking for opportunities that are not dependent on policy changes in Washington. UBS also commented on the FAAMG group of big tech stocks Friday. Julian Emanuel, equity and derivatives analyst, still likes tech but says they could be vulnerable in the near term as investors rotate to other groups. "That could be a short-term headwind given the outperformance. But ..>> view originalWorld's largest cruise ship, Symphony of the Seas, takes to water for first time
324 4 Share This Story!Let friends in your social network know what you are reading aboutWorld's largest cruise ship, Symphony of the Seas, takes to water for first timeThe world's largest cruise ship, Royal Caribbean's Symphony of the Seas, took to the water for the first time on Friday at a shipyard in France.Sent!A link has been sent to your friend's email address.Posted!A link has been p..>> view originalBlackRock urges Exxon to disclose more about climate change-related risks
The world's largest asset manager BlackRock Inc (BLK.N) on Friday urged Exxon Mobil Corp (XOM.N) to "enhance its disclosures" regarding risks related to climate change.Less than two weeks ago, shareholders approved a measure calling for increased transparency on climate change, a resolution supported by BlackRock and other large institutional funds. BlackRock also said it requested to meet Exxon's independent directors over the past two years. However, the world's largest publicly traded oil c..>> view originalA rule meant to protect retirement savers is in effect for now, despite GOP efforts to kill it
Sen. Elizabeth Warren (D-Mass.) applauds as then-President Barack Obama gives the thumbs up as he arrives to speak at the AARP headquarters in Washington on Feb. 23, 2015, to announce the proposal of the fiduciary rule. (Jacquelyn Martin/AP) A rule meant to make it easier for retirement savers to trust their financial advisers began its long-awaited roll out on Friday. But investors may not want to let their guard down just yet. Implementation of the retirement rule, which requires brokers w..>> view originalKinder Morgan plans work all along Trans Mountain line, starting in September
Kinder Morgan’s schedule for the $7.4-billion Trans Mountain oil pipeline expansion shows construction work is to start as early as Sept. 1.The detailed schedule was filed recently with the National Energy Board, one of 157 conditions that must be met in order for the Houston, Texas-based company to begin construction.It shows the large scope of the project where land clearing on some portions of the 1,150-kilometre pipeline route will begin in September.Pipeline construction will take start as ..>> view originalPandora, Faded Star of Online Music, Gets Cash Infusion From Sirius XM
“With this investment, we have the backing of one of the media industry’s most successful investors and significant capital to accelerate growth,” Tim Leiweke, a Pandora director, said in a statement. Or, as Mark Mulligan, a music technology analyst with Midia Research, put it: “This gives Pandora a fighting chance of making a proper go at competing.”The investment is the latest deal to shake up online music streaming, an industry that is increasingly popular with entrepreneurs and investors bu..>> view originalHe wore disguises to shop at Trader Joe's — then resold the food in Canada
Shoppers of Pirate Joe’s, the Canadian renegade reseller of groceries from the U.S. chain Trader Joe’s, no longer have a place to buy products like Organic Carrot Turmeric Juice Blend or Quinoa Cowboy Veggie Burgers. Pirate Joe’s, which for more than five years celebrated its status as an unauthorized importer of Trader Joe’s products with a blend of cheeky humor and David-versus-Goliath determination, closed its doors at 12:01 a.m. Thursday after a protracted legal battle with the corporation...>> view originalF-35 fighters grounded over oxygen problems
The 56th Fighter Wing at Luke Air Force Base in Arizona suspended all F-35A flights Friday after the five pilots experienced hypoxia-like symptoms, Air Force spokesman Capt. Mark Graff said in a statement. The pilots all used their backup oxygen to land the planes safely."In order to synchronize operations and maintenance efforts toward safe flying operations we have canceled local F-35A flying," said Brig. Gen. Brook Leonard, commander of the 56th Fighter Wing. "The Air Force takes these physio..>> view original
Monday, July 10, 2017
The Energy 202: What the Dodd-Frank rollback could mean for energy companies and other top stories.
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