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☆ A polluting, coal-fired power plant found the key to solving America’s biggest clean energy challenge
▼ + stars: | 2024-09-16 | by ( Ella Nilsen | Bill Weir | ) edition.cnn.com time to read: +7 min

Becker, Minnesota CNN —The smokestacks on the aging Sherco coal power plant tower over gleaming solar panels that stretch across thousands of acres of farmland. The polluting coal plant is on its way out, scheduled for retirement in the next five years. Experts say this is the secret to solving America’s clean energy dilemma: There is more electricity from clean energy waiting to get connected to the grid than the entire amount of energy currently on the grid. A view of Sherco power plant, which has been operating since the 1970s and is slated for full retirement by 2030. But the reality is, it’s there.”From super-polluters to clean energy juggernautsThe answer to supercharging clean energy could lie inside some of the most polluting power plants in the US.

Persons: Becker, Julian Quinones, CNN Xcel Energy's Ryan Long, Evelio Contreras, ”, Ryan Long, Xcel, Umed Paliwal, Rob Gramlich, “, ” Gramlich, Sherco, Bill Weir, Sonia Aggarwal, that’s, ” Long, we’ll, ” Julian Quinones, Pete Wyckoff, ” Wyckoff, ” It’s, Tim Walz, ” Wykoff, “ We’re Organizations: Minnesota CNN, CNN, University of California, UC Berkeley, Disney, Energy, Xcel Energy, Minnesota Commerce, Democratic Locations: Minnesota, Upper Midwest, University, University of California Berkeley, Berkeley, White, Illinois, Virginia, Becker , Minnesota

☆ Gold dips as dollar steadies, focus turns to U.S. jobs data
▼ + stars: | 2024-06-04 | by ( ) www.cnbc.com time to read: +2 min

Pure 1,000-gram gold bars produced by South Korea's LS-Nikko are stacked in a dealers room in Seoul on Jan. 9, 2009. Gold fell more than 1% on Tuesday as the dollar steadied ahead of May's U.S. jobs report, due later this week, which could set the tone for the Federal Reserve's interest rate strategy. Spot gold fell 0.9% to $2,329.10 per ounce. Gold reversed gains from a bounce late in the previous session following weaker U.S. manufacturing data. The dollar index steadied, making gold more expensive for overseas buyers, after falling overnight to its lowest since mid-April.

Persons: Gold, Bart Melek, Jim Wyckoff, Wyckoff, Soni Kumari, Silver Organizations: South Korea's, Nikko, U.S ., TD Securities, Investors, Friday's U.S, Kitco Metals, ANZ Locations: Seoul, May's, U.S, India

☆ Gold drops below $2,000 as dollar gains, US yields pare losses
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: +2 min

Gold prices fell below the key $2,000 per ounce level on Wednesday as the U.S. dollar rebounded from lows and Treasury yields pared losses, while expectations that the Federal Reserve will pause rate hikes limited the slide in bullion. Lower interest rates typically boost gold prices as they reduce the opportunity cost of holding non-yielding assets. "The increase in the markets expectations for Fed cutting cycle to commence earlier in 2024 has been the prime force driving gold prices higher over the last week," said Daniel Ghali, commodity strategist at TD Securities. Fed officials agreed at their last policy meeting that they would proceed "carefully" and only raise interest rates if progress in controlling inflation faltered, minutes of the Oct. 31-Nov. 1 gathering showed. In other metals, spot silver fell 0.4% to $23.66 per ounce.

Persons: Jim Wyckoff, Daniel Ghali Organizations: Novosibirsk Refining Plant, U.S, Federal, Kitco Metals, Treasury, Reserve, TD Securities, Fed Locations: Novosibirsk, Russia, U.S

Spot gold dipped 1.1% to $1,936.09 per ounce by 2:38 p.m. ET (1938 GMT) and was down 2.8% in its worst week in six. Benchmark 10-year U.S. Treasury yield and the dollar index (.DXY) headed for weekly gains, making non-yielding gold less attractive for investors. Platinum shed 2% to $842.34, on track for its worst week since mid-2021. Reporting by Ashitha Shivaprasad and Anushree Mukherjee in Bengaluru; Editing by Tasim Zahid and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Powell, Fawad, Bullion, Jim Wyckoff, Ashitha Shivaprasad, Anushree Mukherjee, Tasim Zahid, Shilpi Majumdar Organizations: Federal, Index, Reuters Graphics U.S, Federal Reserve, Treasury, Kitco Metals, Thomson Locations: East, India, Bengaluru

SummaryCompanies Safe-haven buying pushes up goldFocus on Fed Chair Jerome Powell's speech on ThursdayOct 18 (Reuters) - Gold rose to a more than two-month peak on Wednesday as the escalating conflict in the Middle East sent investors flocking towards the safe-haven metal. Spot gold increased 1% to $1,950.67 per ounce by 2:48 p.m. "Gold could breach $2,000 in the near-term if there is an escalation of geopolitical conflict. "Gold will pull back if the Middle East situation simmers down, but right now the market place is expecting a further escalation," said Jim Wyckoff, senior analyst at Kitco Metals. Spot silver rose 0.2% to $22.87, platinum fell 1.4% to $884.89 and palladium fell 1% to $1,132.61.

Persons: Jerome Powell's, Ryan McIntyre, Jim Wyckoff, Fawad, Ole Hansen, Ashitha, Daksh Grover, Sharon Singleton, Shilpi Majumdar, Shailesh Organizations: East, Sprott Asset Management, Graphics, Kitco Metals, City, Reuters Graphics Reuters, Federal, Saxo Bank, Thomson Locations: Gaza City, Bengaluru

Reuters Graphics"There is a reckoning that interest rates are going to be higher for much longer, which has been the bearish element in the precious market. Gold prices could go below $1,800 in the near-term," said Jim Wyckoff, senior analyst at Kitco Metals. The appreciation of the U.S. dollar may not end anytime soon, pressuring the gold market." Traders are pricing in a 55% chance that the Federal Reserve will leave interest rates at the current range of 5.25%-5.50% this year, according to CME's FedWatch tool. Since powering above the key $2,000-per-ounce level in early May, gold prices have fallen more than 11%, or $230, pressured by a sharp rise in benchmark U.S. Treasury yields, which makes the non-yielding gold less attractive.

Persons: Silver, Fed's Bowman, Jim Wyckoff, Michelle Bowman, Tai Wong, Jerome Powell's, Ashitha, Nick Macfie, Christina Fincher Organizations: Reuters, Kitco Metals, U.S, U.S ., Federal Reserve, Treasury, Thomson Locations: New York, Bengaluru

UTMAs/UGMAs accounts are taxable custodial accounts set up by parents or guardians for the benefit of a minor. Unlike 529 plan accounts, which are specifically for college savings and higher-education expenses, UTMA/UGMA accounts offer more flexibility. UTMA UGMA Custodial account ✓ ✓ Flexible spending ✓ ✓ Kiddie tax ✓ ✓ Available in all US states x ✓ Allows real assets ✓ xYou can open a UGMA in all US statesUGMAs are available in all 50 US states, but you can't open a UTMA in South Carolina or Vermont. You can put real assets into a UTMAThe main difference between UGMA and UTMA accounts is that UGMA's are limited. UGMA accounts do allow the following properties:CashStocksBondsMutual fundsOther financial productsOnly UTMA accounts allow real assets like real estate and cars.

Persons: Dexter Wyckoff, UTMA, Wyckoff, doesn't, it's, you'll Organizations: Service, Northwestern Mutual Locations: Wall, Silicon, South Carolina, Vermont

☆ Gold retreats as dollar gains upper hand
▼ + stars: | 2023-05-11 | by ( ) www.cnbc.com time to read: +1 min

Spot gold was last down 0.75% to $2,014.3021 per ounce, while U.S. gold futures settled down 0.8% to $2,020.50. Gold popped up after data showed a jump in weekly jobless claims and the smallest annual increase in producer prices last month in over two years. However, the metal soon gave up those gains as the dollar rose, making bullion more expensive for overseas buyers. While this weighs on sentiment for gold "to a certain extent, the precious metal remains in its uptrend channel established in November," said Alexander Zumpfe, a precious metals dealer at Heraeus. Gold is traditionally considered a hedge against inflation, but elevated interest rates dim appeal for zero-yield bullion.

☆ Here are the 5 best ways to take advantage of a comeback rally for foreign stocks, according to 5 market-beating international fund managers
▼ + stars: | 2023-03-01 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Here are five ways to invest to take advantage of a long-term rally for foreign stocks. Yahoo FinanceEuropean stocks spark an unexpected rallyThe turnaround for foreign stocks was fueled by a sudden reversal for European equities. "So foreign, value stocks over growth stocks, commodities should do OK — and all else held constant — you should see some downward pressure on the US dollar as well." Those modest expectations are reflected in the cheap valuations of international stocks, especially those in Europe, Hill said. 5 ways to invest while international stocks reboundNelson's strategy in running the EuroPac International Value Fund is very similar to that of the Tweedy, Browne International Value Fund, which Insider profiled in December.

☆ Three Years Into Covid, We Still Don’t Know How to Talk About It
▼ + stars: | 2023-02-22 | by ( Jon Mooallem | Photographs Ashley Gilbertson | ) www.nytimes.com time to read: +53 min

It will play out and reverberate for years or decades, Hagen told me. “The pathological normal,” Hagen calls it: a patchwork of homespun, bespoke realities, each one invested in a different story about what exactly happened when Covid ruptured the story of our lives. garb.”More than once, life seemed to be attaining “an uncanny resemblance to normal life,” as one man put it. But because we don’t totally understand where that experience has delivered us, we don’t know the right gloss to give it. “The days are strange,” one public-school teacher told Milstein toward the end of his first interview, in May 2020.

The worried parents spoke out last week after learning that the Boone County Board of Education had allowed the 14-year-old suspect to return to school despite having been charged with second-degree terroristic threats. Conner High School in Hebron, Ky. Google MapsParent Rob Bidleman, who said his child was on the teenage suspect’s “active kill list,” struggled to contain his emotions as he described hearing about the development from Andy Wyckoff, the Conner High School principal. “I think it puts an unnecessary burden on Mr. Wyckoff with his own son on that list. Wyckoff was also adamant that his son will remain at Connor High School even though he was one of the threatened students. "Conner High School remains a safe school."

☆ The managers of a $5.8 billion fund that's beaten 99% of competitors in the past 15 years share how to find winning value stocks in 2023 using this simple, timeless process
▼ + stars: | 2022-12-05 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The Tweedy, Browne International Value Fund has outperformed 99% of peers over the past 15 years. Few funds have been a better bet than the Tweedy, Browne International Value Fund (TBGVX) over the past three decades. Perhaps most impressive is that the $5.8 billion Tweedy, Browne International Value Fund has topped 99% of funds in its category in the past 15 years, according to Morningstar. Insider spoke with Wyckoff, Shrager, and Hill about their investing process and where they see opportunities for international stocks in 2023. Value stocks and international companies should outperform their growth and US-based peers, in his view.

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