[ad_1] The bond market sell-off escalated Friday to cap off one of the most volatile and unusual trading weeks in recent memory as President Trump’s tariff whipsaw sent yields surging and stocks plummeting. Long-term Treasury yields ripped higher, with the 10-year yield (^TNX) surging to its highest level since February to trade at around 4.53%, a massive 66 basis point swing from Monday’s low of 3.87%. According to data compiled by Yahoo Finance, the 10-year has logged its biggest week since November 2021. Similarly, the 30-year yield (^TYX) jumped 7 basis points to trade near 4.92% — the highest level…
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[ad_1] Credit: (AP Photo/Charles Krupa)File photo A year after New Jersey launched a long-awaited retirement savings option for private-sector workers, lawmakers want to make more residents eligible to participate. Branded RetireReady NJ, the state-administered — but not state-funded — retirement savings plan was initially required to be made available to the employees of businesses with 25 or more workers who do not already have access to retirement savings options provided by their employers. Lawmakers now want to modify the rules governing RetireReady NJ to require the owners of smaller businesses to provide their employees with a way to enroll in…
[ad_1] U.S. President Donald Trump signed an executive order aimed at reviving the coal industry. This move comes as U.S. electricity demand rises for the first time in 20 years, driven by AI data centers, electric vehicles, and cryptocurrency mining. As per U.S. Energy Information Administration (EIA), coal once powered half the nation’s electricity, but today, it accounts for less than 20%. Cheaper natural gas from fracking and the growth of solar and wind have reduced coal use over time. DOE Unveils Five Steps to Support America’s Coal Following Trump’s executive order titled “Reinvigorating America’s Beautiful Clean Coal Industry,” Energy…
[ad_1] U.S. President Donald Trump signed an executive order aimed at reviving the coal industry. This move comes as U.S. electricity demand rises for the first time in 20 years, driven by AI data centers, electric vehicles, and cryptocurrency mining. As per U.S. Energy Information Administration (EIA), coal once powered half the nation’s electricity, but today, it accounts for less than 20%. Cheaper natural gas from fracking and the growth of solar and wind have reduced coal use over time. DOE Unveils Five Steps to Support America’s Coal Following Trump’s executive order titled “Reinvigorating America’s Beautiful Clean Coal Industry,” Energy…
[ad_1] Patch, a climate finance platform, and Varaha, a carbon project developer, have announced a new multimillion-dollar deal. This partnership focuses on supporting carbon removal projects that help small farmers and protect the environment. Together, they aim to remove carbon from the air while creating jobs and improving communities in Asia. Their partnership is already showing results, and it could become a model for how climate finance can benefit both the planet and people. Let’s unravel how their approach to carbon removal works. Nature, Farmers, and Finance: A New Way to Tackle Carbon Removal Patch is a U.S.-based company that…
[ad_1] Image source: Getty Images Wow, what a week (and month) it’s been for stocks. After hitting record highs in February, stock markets have plunged on fears of a new trade war. Even after Thursday’s (10 April) big rebound, the FTSE 100 index is down 6.3% in a week and 7.6% over a month. Meanwhile, the US S&P 500 has dropped 0.4% and 6.2% over those periods, respectively. My family portfolio is heavily weighted to US stocks and UK shares, so it’s taken a few hard knocks. Indeed, some of our holdings have fallen so far and fast, I’ve been…
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[ad_1] The International Maritime Organization officially approved a new global decarbonization standard for shipping Friday, centered on a carbon credit system. After a week of intense negotiations in London, delegates settled on a fuel standard as the core mechanism, leaving out a formal levy on the industry. The deal also introduces new sanctions-enforced greenhouse gas intensity reduction targets, set to tighten each year through 2035. Under the agreed credit trading scheme, vessels with lower emissions will be able to generate credits to sell to owners of higher-polluting ships. Those that fail to comply with the fuel standard will face financial…
[ad_1] Image source: Getty Images Recent stock market volatility could be a good opportunity for long-term investors to fill up a Self-Invested Personal Pension, or SIPP. Pension investing is a long-term game. Loading up on shares when prices are down like today may be the perfect time to start, for those who can withstand short-term risks. With that in mind, I decided to have a bit of fun by asking ChatGPT to name five FTSE 100 stocks to create the perfect SIPP. I asked to spread my risk across five different sectors, to avoid doubling up. Unilever is a defensive…
[ad_1] Your support helps us to tell the storyFrom reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it’s investigating the financials of Elon Musk’s pro-Trump PAC or producing our latest documentary, ‘The A Word’, which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the…