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Futures rebound from overnight rout with all eyes on Powell speech (SPY +0.1%). Weekly jobless claims rise less than expected despite weather impact. Here is the current market situation from CNN Money European markets are mixed. The CAC 40 is higher by 0.35%, while the FTSE 100 is leading the DAX lower. They are down 0.54% and 0.22% respectively. What Is Moving the Markets Here are the headlines moving the markets. The $1 Trillion Electric Vehicle Boom Is Just Getting Started In 1894, chemist Pedro Salom probably never imagined hed start what could soon become a $912 billion industry. His...

February 4, 2021 In the summer of 2010, Nina Eichacker was an intern at the US Department of Energy, analyzing the successes and failures of energy projects that received DOE funding. She didn’t realize that a high-profile failure was brewing right under her nose, and would soon put the department’s loan program—one of the government’s biggest pots of money for clean energy innovation—on ice. Ten years later, Eichacker is among the economists urging the Biden administration to revitalize the program, which is currently sitting on $44 billion in unused, Congressionally-authorized cle...

Senate panel advances Granholm's energy secretary nomination The Senate Committee on Energy and Natural Resources voted 13-4 to send Granholm's nomination to the full Senate for consideration, and one of the panel's top Republicans predicted she has the votes there to win confirmation.  The former two-term governor breezed through last week's hearing before the panel with relatively little pushback on her record, garnering praise for her grasp of energy issues. But two Republican senators Wednesday said they couldn't support her nomination in light of the Biden administration's aggressive...

Thursday, January 28, 2021 With Democrats taking over the White House and the Senate, many eyes are on climate change and the role that the federal government can take to combat it. A variety of proposals have been floated about the best way for Congress to enact legislation to help in the fight against climate change, but certain actions can be taken immediately. One such action is to deploy $40 billion in loan capacity that was previously allocated to the Department of Energy as part of the 2009 stimulus package. This money is already available to the Department of Energy’s Loan...

Trump energy chief says he has 'positioned' US to begin meeting Biden climate goals Print this article President Trump’s energy secretary, Dan Brouillette, says he supports the incoming Biden administration’s plans to accelerate investments in clean energy and electric vehicles to combat climate change. While Trump is known for promoting fossil fuel development and questioning climate change science, Brouillette, his understated energy secretary, has been quietly working to develop technologies that he believes will be crucial to realizing a lower-carbon energy economy. Now, as he prepar...