Stocks began the new month of April on a weaker note, as investors struggled to digest stronger-than-expected manufacturing data for March, amid concerns the Federal Reserve might postpone rate cuts.
Home insurance rates are rising, with a projected 6% increase and severe weather states like Louisiana facing a 23% surge. Reinsurance challenges add to the concern.
California aims for 100% clean power by 2045, but recent data showed it's already reaching that goal for a few hours daily thanks to wind, water, and solar energy. In Germany, a similar milestone was achieved in 2018, when the entire grid was covered by renewable energy for the first time
Coal prices rise after Baltimore port closure due to bridge collapse; Consol Energy affected. Port is key coal export hub, metal imports also disrupted.
As the global shift toward greener energy alternatives gains momentum, Patricia Mohr, an economist, commodities expert and former vice president at Scotiabank, predicts a resurgence in demand for essential metals.