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Big Oil Is Jumping Into Renewables

Over the next decade, the clean energy sector will soak up between $8 trillion and $16 trillion in new capital.
And the switch from fossil fuels to renewable energy could create somewhere between $1 trillion and $2 trillion in annual capital expenditures.
This is great for the environment. And it’s great for the economy too.
Renewable energy and technologies like green hydrogen have matured. And that makes them commercially viable and deployable at scale.
The federal government still doesn’t recognize the opportunity here. But many U.S. companies do.
They are gearing up to decarbonize the energy value chain. And that’s attracting a lot of capital.
Piling …read more […]

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Market Recap: Wednesday, July 15

The three major averages finished higher on Wednesday, after a strong set of earnings results from companies such as Goldman Sachs and UnitedHealth before market open added to earlier hopes for a coronavirus vaccine after news from Moderna. The Dow Jones Industrial average and Russell 2000 both logged their sixth straight day of gains. The Final Round panel discusses the day’s market action. …read more […]

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Wealth Creation

Wealth creation is a goal that almost every adult American has. But so few people know how to go about it. In fact, many people don’t really know what it means.
In this article, we will discuss what wealth creation is, why so many people struggle to achieve it, and how to make it happen for you. I will also provide more resources for you to continue to delve even deeper into the topic.
Wealth creation isn’t a great mystery. Hopefully, by the time you finish reading this article you will feel that you can do it, and that you will be …read more […]

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Markets Walk Dangerous Tightrope Before U.S. Stimulus Ends

(Bloomberg) — The remarkable rebound in U.S. equities from the depths of the Covid-19 crisis in March faces a fresh test in coming weeks, with the American economy set for a withdrawal of a key stimulus support.The average unemployment benefit for Americans put out of work will tumble by more than 60% at the end of July, hobbling the incomes of millions of laid off workers — many of whom may not be able to return to their jobs given the renewed shutdowns now affecting swaths of the economy from California to Florida.Stocks have proven resilient to plenty of bumps …read more […]

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5 Biotech Penny Stocks For 2020

Penny stocks can be a risky bet. But with that risk comes the potential for high reward. And biotech penny stocks have been some of the most rewarding in 2020.

The hunt for a coronavirus vaccine has propelled former penny stocks into the big time. For instance, Novavax, Inc. (Nasdaq: NVAX) was trading under $5 at the beginning of 2020. Then came the news that it was rolling out clinical trials for a Covid-19 vaccination.
The news propelled the stock price upwards. And the good news continued for those who had already invested in the company. It got a $1.6 billion injection …read more […]

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Buffett’s Ex-Deputy Tracy Britt Cool Makes First Deal for New Venture

(Bloomberg) — Tracy Britt Cool, who worked for years under Berkshire Hathaway Inc.’s Warren Buffett, kicked off her new venture by taking an ownership stake in Thirty-One Gifts, a provider of luggage, handbags and other products for independent sellers.Kanbrick, the investment firm led by Britt Cool and co-founder Brian Humphrey, will become a partner and owner with Thirty-One Gifts founder Cindy Monroe, according to a statement Wednesday. Monroe maintains a role at the company, while yielding the chief executive officer job to Elizabeth Thibaudeau, who was CEO of Jamberry and is a former executive at Nu Skin Enterprises Inc. Terms …read more […]