The state is set to become a global test case in using batteries to back up wind and solar power With summer’s heat approaching, California’s plan for avoiding a repeat of last year’s blackouts hinges on a humble savior — the battery. Giant versions of the same technology that powers smart phones and […]
Canada’s population grew at the slowest pace in more than a century as Covid-related restrictions curbed immigration. The nation’s population rose by just 0.4% in 2020 to 38,048,738, Statistics Canada reported Thursday in Ottawa. Canada welcomed 184,624 immigrants in 2020, down by almost half from 2019. Over the past five […]
That cushioned the blow of the pandemic, but raises some hard questions about what Canada got for all that spending. The economy shrank 5.4% last year, Statistics Canada said Tuesday, the sharpest annual decline in the post-World War II era and the third straight year in which it underperformed the […]
The London tin market is facing the biggest supply squeeze in at least three decades as dwindling inventories, robust industrial demand and rising investor interest boost spot prices. Official London Metal Exchange cash prices on Monday settled at the biggest premium to three-month futures since at least 1990. «The fund […]
«There’s a really good chance of a tremendous surprise, and a surprise in the relatively near future,» said Singer, speaking on the likelihood of consumer prices spiking higher. Expansionary fiscal policy is helping to drive the change in outlook, even as the Federal Reserve, which holds a meeting next week, […]
Shocks to supply chains are engulfing a wider swath of the global economy as the pandemic rages on, threatening to stifle Asia’s trade-led recovery just as soaring freight rates make it harder for businesses to weather another year like 2020. Compounding the industrial imbalances are transport woes plaguing consumer and […]
Capitol, President Donald Trump and a dwindling circle of advisers plan a defiant final week in office, according to people familiar with the matter. Trump is confident Vice President Mike Pence and members of his cabinet won’t attempt to remove him under the 25th Amendment, the people said. One adviser […]
A multi-year drive to reduce exposure to U.S. assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record. Gold made up 23% of the central bank’s stockpile as of the end of June 2020, the latest date for which […]
Among the 367 U.S.-based mutual funds with 60% of their $5 billion in American equities, her ARK Genomic Revolution ETF, ARK Innovation ETF and ARK Next Generation Internet ETF are far ahead, reaping bonanzas of 203%, 159% and 157%, respectively. Wood left her closest competitor trailing by 60 percentage points. , […]
Taihei Kobayashi has gone from sleeping on the streets of Tokyo to heading a technology startup whose market value topped $1 billion. His rags-to-riches story is among the most remarkable to emerge from a small-cap stock boom that’s minting fortunes in Japan. Kobayashi’s company, which helps startups and other firms […]