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☆ US manufacturing output rises solidly in September
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +3 min

Manufacturing output rose 0.4% last month, the Federal Reserve said on Tuesday. Durable goods manufacturing output rose at a 2.3% annualized rate, which was offset by a 2.4% pace of decline in nondurable manufacturing. Motor vehicle and parts output rose 0.3% last month after declining 4.1% in August. Mining output rose 0.4% after gaining 0.2% in August. Overall industrial production rose 0.3% in September after being unchanged in August.

Persons: Kamil Krzaczynski, Lucia Mutikani, Paul Simao Organizations: REUTERS, Rights, Federal Reserve, Reuters, United Auto Workers, UAW, General Motors, Ford, Chrysler, Institute for Supply, Utilities, Thomson Locations: Normal , Illinois, U.S, Kentucky

☆ Retail investors are buying the dip in force on two of the worst-performing investments right now
▼ + stars: | 2023-10-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"Retail investors are seizing opportunities from the rise in long-term government yields, albeit selectively. ... Retail purchases of TLT have reached unprecedented levels this past week. The takeaway is that retail traders have actually sought to buy this historic dip in one of the more popular Treasury ETFs," the note said. TLT 1M mountain The price of long-term bonds has fallen sharply over the past month, as shown by the TLT. If the move in rates calms, larger investors could come back to utilities as well, Vanda said.

Persons: Marco Iachini, Vanda Organizations: Vanda Research, Treasury Bond ETF, Retail, TLT, Utilities

☆ Washington D.C. is the No. 1 place in the U.S. for taking climate change seriously
▼ + stars: | 2023-09-22 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Power report shared exclusively with CNBC Make It ranked 48 states and the District of Columbia on how serious the issue of climate change is on a scale of zero to four, with zero being "there is no climate change" and four being, "climate change is very serious." Washington D.C. ranked as the place in the U.S. that takes climate change most seriously. 1 place in the U.S. for taking climate change seriouslyUtility customers in Washington D.C. have the greatest sense of urgency about climate change, with an average score of 3.11— the only region evaluated in the study to score higher than 3. According to the Department of Energy and Environment, Washington D.C. is approaching climate change from two sides: adaptation and mitigation. 3 place in the U.S. that takes climate change the most seriously, according to J.D.

Persons: Power, David J Ocasio, Feng Wei Organizations: District of Columbia, CNBC, Washington D.C, Getty Images Washington, Department of Energy, Environment, Clean Energy, D.C, Washington, Vermont, Istock, Getty Images Vermont, Vermont Legislature, Global Locations: Utilities, Alaska, Rhode, U.S, Washington, Vermont, Hawaii, California, Oregon, Connecticut, Massachusetts, Colorado, Maine, Delaware, County , Vermont

☆ Utilities look like a good bet into year-end, Morgan Stanley says. Here are 3 names to play the trend
▼ + stars: | 2023-09-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +2 min

Utilities have limped through much of 2023, but a few catalysts could lift a handful of stocks into the end of the year, according to Morgan Stanley. The wildfires in Maui have drawn attention to how severe weather can pose a risk to utilities. Nevertheless, there could be room for some year-end upside, Morgan Stanley analyst David Arcaro said in a report last week. "We expect a constructive outcome in the case supporting the upper half of earnings guidance," the Morgan Stanley analyst said. Morgan Stanley has an overweight recommendation on all three utilities.

Persons: Morgan Stanley, David Arcaro, Arcaro, Michael Bloom Organizations: Utilities, Electric, PPL Locations: Maui, Kentucky

☆ These are the 11 sectors that comprise the S&P 500 — and the stocks we own in each
▼ + stars: | 2023-09-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +28 min

.GSPF YTD mountain S & P 500 Financials Sector YTD performance Club stocks in the Financials sector: Morgan Stanley ( MS): The bank's services include investment banking, wealth management and investment management. Communication Services Sector market weight: 8.85% Market cap: $3.3 trillion YTD performance: up 44.5% Industries: Diversified telecommunication services; entertainment; interactive media & services; media; wireless telecommunication services. .GSPTS YTD mountain S & P 500 Communication Services Sector YTD performance Club stocks in the Communication Services sector: Walt Disney (DIS): The entertainment giant reported another mixed quarter last month, even against low expectations. Real estate Sector market weight: 2.44% Market cap: $909 billion YTD performance: up 0.9% Industries: Equity real estate investment trusts; real estate management & development. .SPLRCR YTD mountain S & P 500 Real Estate Sector YTD performance While we don't own any real estate stocks, investors have historically invested in the sector for its reliable cash flow from income-generating properties.

Persons: Jim Cramer's, Jim, Salesforce, reenergized, Marc Benioff, Wolfe, Palo, Eli Lilly, Cantor Fitzgerald, Bausch, bioprocessing, Morgan Stanley, Morgan Stanley's, Eaton Vance, Wells Fargo, Wells, TJX, Wynn, Locker, We've, Mary Dillon, Walt Disney, Bob Iger's, Emerson, Davidson, Vimal Kapur, Stanley Black, Decker, Estee Lauder, Gillette —, Elliott, Coterra, Linde, Jim Cramer, Mandel Ngan Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Technology Sector, Industries, Communications, Technology, Information Technology, Apple, Wedbush Securities, Microsoft, UBS, Deutsche Bank, Nvidia, Broadcom, VMware, Palo Alto Networks, Wolfe Research, Palo Alto, Oracle, Mizuho, Amazon Web Services, Google, Health Care, Biotechnology, Health, Bausch Health, Leerink Partners, GE Healthcare Technologies, General Electric, GE, Financials, Bank of America, United Auto Workers, Detroit, Ford, Starbucks, TJX, Marshalls, Wynn Resorts, WYNN, Communication Services, Communication, Hollywood, Charter Communications, Disney, JMP Securities, Facebook, Industrials, Aerospace, Emerson, Caterpillar, Honeywell, Consumer Staples Sector, Consumer, Consumer Staples, Costco Wholesale, Procter & Gamble, Gillette, Constellation Brands, Corona, Modelo, Pacifico, Elliott Management, Energy Sector, Energy, Coterra Energy, Natural Resources, West Texas, Utilities Sector, Electric, Companies, Sempra Energy, Materials, Chemicals, Linde, LIN, DuPont, Sector, Equity, Real, Jim Cramer's Charitable, New York Stock Exchange, AFP, Getty Locations: U.S, FactSet, bioprocessing, Wells Fargo, China, Maxx, Macao, Asia, Pacifico —, California, Texas

☆ A village on an Italian island is providing free housing to digital nomads
▼ + stars: | 2023-09-15 | by ( Silvia Marchetti | Poonam Binayak | ) www.cnbc.com time to read: +6 min

Last week, Partis landed in the Sardinian village of Ollolai in Italy for a free stay paid by the local municipality. She's the first digital nomad to arrive — and already she said it feels like a life-changer. Source: Veronica Matta"That was a major success — many foreigners bought and restyled dozens of forsaken dwellings," said Mayor Francesco Columbu told CNBC. "Now, after investing in high-speed internet, with this new project 'Work from Ollolai' we want to make our village a digital nomad hub." Source: Veronica Matta"I just had to give my landowner a symbolic one euro for the house rental," said Partis.

Persons: Clarese, Partis, Ollolai, Antonio Meloni, Francesco Columbu, Veronica Matta, Sa, Matta, Veronica Matta Partis, —, that's Organizations: CNBC, Workers Locations: Los Angeles, Sardinian, Ollolai, Italy, Zanzibar, Sardinia, Singapore, Sardinia —, Partis

☆ The power grid needs repairs. These companies stand to benefit
▼ + stars: | 2023-09-10 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

A budding ecosystem of companies stand to gain as businesses and policymakers grow increasingly focused on improving the electric grid. President Joe Biden committed $95 million to shore up Hawaii's electric grid following the tragedy. Beyond that, Kalton said it's also just good business sense: Utility companies don't want their grids to go down and leave unhappy customers without power. And he said utility companies can grow earnings power by spending capital and increasing their base rate. An ecosystem of companies Beyond physically changing the grid, some companies are making progress elsewhere, said Chanin, whose ETF is up about 18% this year.

Persons: Neil Kalton, Joe Biden, It's, —, Said, Kalton, it's, Steven Fisher, doesn't, Fisher, Andrew Chanin, Chanin, Eaton, Michael Bloom Organizations: NBC News, Electric, UBS, Primoris Services, LSEG, Nvidia Locations: Maui, U.S, Wells Fargo, California , Colorado, Oregon, California, Florida, Texas

The logo of Calgary-based Enbridge, one of North America's largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren Acquire Licensing RightsSept 5 (Reuters) - Enbridge (ENB.TO) will buy three utilities from Dominion Energy (D.N) for $14 billion including debt, the Canadian pipeline operator said on Tuesday, creating North America's largest natural gas provider and doubling its gas distribution business. The deals for East Ohio Gas, Questar Gas, and Public Service Co of North Carolina will consist of $9.4 billion in cash and $4.6 billion of assumed debt. U.S.-listed shares of Enbridge fell 6.5% to $33.01 in extended trading after the company also announced a C$4 billion ($2.9 billion) bought-share sale to fund a portion of the deal. The modest improvement in Enbridge's business risk profile is not enough to "offset ongoing pressure on the company's financial profile," said Gavin MacFarlane, vice president and senior credit officer at Moody's, in a statement.

Persons: Chris Helgren, Berkshire Hathaway, Greg Ebel, Enbridge, Patrick Murray, Moody's, Gavin MacFarlane, Morgan Stanley, Sullivan, Cromwell, McCarthy Tétrault, Arunima Kumar, David French, Denny Thomas, Shailesh Kuber, Sriraj Kalluvila, Richard Chang Organizations: REUTERS, Dominion Energy, East Ohio Gas, Public Service Co, Dominion, Federal Trade Commission, Foreign Investment, Co LLC, RBC Capital Markets, Thomson Locations: Calgary, North, Vancouver , British Columbia, Canada, Canadian, North Carolina, Enbridge, Point, United States, Ohio , North Carolina , Utah , Idaho, Wyoming, North America, Bengaluru, New York

☆ Climate change turns US utilities grimly exciting
▼ + stars: | 2023-08-31 | by ( Robert Cyran | ) www.reuters.com time to read: +6 min

A hotter and stormier world is making life unpleasantly exciting for shareholders, as Hawaiian Electric Industries (HE.N) shows. Yet while European firms have buried power lines underground to avoid damage from storm and fires, American utilities have generally balked. The firm said a second fire began in the same area several hours later, after the utility had turned off local power lines. Separately, Hawaiian Electric Industries, the parent company of Hawaiian Electric, said on Aug. 24 it had suspended its dividend. The company said HEI had withdrawn $170 million and Hawaiian Electric had withdrawn $200 million from their existing revolving unsecured credit facilities to strengthen their balance sheets.

Persons: Joe Biden, Jill Biden, Josh Green, Jaime Green ,, Lady of, Kevin Lamarque, HEI, Fitch, Lawrence, Peter Thal Larsen, Sharon Lam, Aditya Sriwatsav Organizations: Hawaii, REUTERS, Reuters, Hawaiian Electric Industries, United, Utilities, Hurricanes, Lawrence Berkeley National, Edison International, Consolidated Edison, Dow, Maui, Hawaiian Electric, Electric, Thomson Locations: Lady of Hawaii, Lahaina, Maui, Hawaii, U.S, United States, Americas, Europe, Alaska, California, New York, Arkansas , Louisiana, Texas

☆ European markets open higher after Wall Street rally
▼ + stars: | 2023-08-30 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: 1 min

LONDON — European stock markets opened higher Wednesday, reflecting moves on Wall Street overnight. The pan-European Stoxx 600 index was up 0.2%, with most sectors trading in cautiously positive territory. Mining stocks made the biggest gains, with a 0.9% uptick, followed by insurance, which was up 0.6%. Utilities stocks shed 0.4% in early trade. Markets closed higher Tuesday, tracking global counterparts as investors look ahead to a fresh round of economic data this week.

Organizations: Utilities

☆ Has climate change made utilities a risky bet? What income investors need to know
▼ + stars: | 2023-08-21 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

The wildfires in Maui are just the latest example of severe weather and the peril facing utilities. However, investors can pick up about 4% yield on stocks that have dividends that are considered safe, which makes them attractive to investors seeking income. Climate change's impact Climate change is altering not only the Earth's temperature, but also precipitation patterns, said Zachary Zobel, risk associate director at Woodwell Climate Research Center. Climate change could impact utilities in other areas, like sustaining damage during hurricanes and floods. "You don't have to just rely on just one sector to get dividend income," said Cheng.

Persons: hasn't, Michael Lonegan, Neil Kalton, Kalton, Zachary Zobel, Zobel, Berkshire Hathaway, PacificCorp, Wells Fargo's Kalton, it's, Marguerita Cheng, Cheng, — CNBC's Michael Bloom Organizations: Hawaiian Electric, Maui Electric, Electric, NBC News, Evercore ISI, Wall Street, Wells, Wells Fargo Securities, FEMA, Woodwell Climate Research Center, Gas & Electric, Blue, Global, CNBC, & $ Locations: Maui, Lahaina, Wells Fargo, California, Berkshire

☆ US housing starts surge in boost to economy
▼ + stars: | 2023-08-16 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

The sharp rebound in groundbreaking on single-family housing units reported by the Commerce Department on Wednesday was another sign of the economy continuing to defy dire forecasts of a recession. Single-family housing starts, which account for the bulk of homebuilding, jumped 6.7% to a seasonally adjusted annual rate of 983,000 units last month. The increase in groundbreaking was led by the West, where single-family starts soared 28.5%. Overall housing starts increased 3.9% to a rate of 1.452 million units in July. TIGHT SUPPLYDespite the rise in starts, housing supply is likely to remain tight.

Persons: Mike Blake, homebuilding, Christopher Rupkey, Freddie Mac, Nancy Vanden, Daniel Silver, Goldman Sachs, Lucia Mutikani, Chizu Organizations: REUTERS, WASHINGTON, Commerce Department, Federal, National Association of Home Builders, Reuters, Oxford Economics, Treasury, Realtors, U.S, Fed, JPMorgan, Thomson Locations: San Marcos , California, U.S, New York, homebuilding, Nancy Vanden Houten, Midwest

☆ Finding a good dividend stock is getting harder to find these days. Here are five.
▼ + stars: | 2023-08-08 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Global dividends will total just over $2 billion in 2023, completely flat with last year, according to a new report from S & P Global Market Intelligence. This the lowest growth rate in the last 10 years aside from the pandemic contraction in 2020, the new report from S & P notes. As a first step, we looked at companies that are in the S & P Dividend Aristocrats index. S & P Global is another name on the list. For investors looking for dividend growth who do not want to bet on individual names, the ProShares S & P 500 Dividend Aristocrats ETF tracks the performance of the special S & P index.

Persons: Albemarle Organizations: Wall, P Global Market Intelligence, CNBC, Global, P Global, Utilities, NextEra Energy, Industrial, Emerson Electric, General Dynamics Corporation, General Dynamics

☆ The top 10 most expensive states to live in based on living expenses — Hawaii is 50% above the national average
▼ + stars: | 2023-08-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

This amounts to 35% of the annual US household average income of $70,784. Hawaii residents, however, pay around 50% above this national average — forking out an average of $3,070 for their monthly expenses. Getty ImagesMonthly bill expense per household: $2,7274. Getty ImagesMonthly bill expense per household: $2,5696. Getty ImagesMonthly bill expense per household: $2,41310.

Persons: Justin Sullivan, Joseph Sohm, Barry Winiker Organizations: Service, Hawaii, Utilities, Swiet, Getty, ., Maryland, House of, New York New, Washington Housing, . Colorado Colorado, Alaska Locations: Hawaii, Doxo, Wall, Silicon, New York, California , New Jersey, Massachusetts, West Virginia , Mississippi , Arkansas , Oklahoma, Kentucky, Hawaii Lanai, California, San Francisco, . New Jersey Newark , New Jersey, . Massachusetts Pittsfield , Massachusetts, House of Annapolis , Maryland, . Connecticut, Hartford, Connecticut River , Connecticut, New York New York City, Seattle , Washington, . Colorado Colorado Springs , Colorado, Alaska Anchorage , Alaska

☆ US money market funds draw biggest inflow in four months
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Rick Wilking/File PhotoAug 4 (Reuters) - U.S. money market funds saw robust demand in the seven days to Aug. 2 as investors favoured safer assets on concerns over a U.S. credit rating downgrade and economic reports signalling a still-tight labour market. Investors secured U.S. money market funds worth about $58.56 billion in their biggest weekly net buying since March 29, data from Refinitiv Lipper showed. Reuters Graphics Reuters GraphicsU.S. equity funds drew $133 million worth of inflows, compared with about $2.57 billion worth of net purchases a week ago. U.S. equity growth funds saw net outflows worth $3.48 billion, the biggest since June 7, but value funds had $891 million worth of net buying. Reuters Graphics Reuters GraphicsU.S. bond funds witnessed about $1 billion worth of outflows, the first weekly net selling since June 28.

Persons: Rick Wilking, Lipper, baring industrials, Gaurav Dogra, Shilpi Majumdar Organizations: REUTERS, Investors, Reuters Graphics Reuters Graphics, Reuters Graphics Reuters, Thomson Locations: Westminster , Colorado, U.S, Patturaja, Bengaluru

☆ I'm switching my Arizona Airbnb to a long-term rental. I'm fine taking a $1,600-a-month loss because I'm tired of guest headaches.
▼ + stars: | 2023-08-02 | by ( Dan Latu | ) www.businessinsider.com time to read: +7 min

The guest house is smaller, 40 feet away, and a third of the size. I thought, "Great, I'll live in the main house, and my mom can live in the guest house." The main house. The guest house. Then in the first part of September I'm going to do an estate sale and just get rid of everything I don't want.

Persons: Wendi Courtney, who's, it's, I've, It's, should've, everything's, I'm Organizations: Service, wasn't, Utilities, MLS Locations: Prescott , Arizona, Wall, Silicon, Prescott, Airbnb, Downtown Prescott, Denver, Phoenix

☆ This ignored corner of the market offers yield for income-seeking investors — and it's on sale
▼ + stars: | 2023-07-31 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

The dividend coverage ratio measures the net income of a company relative to the amount of dividends paid out to shareholders. The Richmond, Virginia power producer also has a cash dividend coverage ratio of 3.2 and 7.2% upside to the average price target, according to FactSet. D YTD mountain Dominion Energy year to date With its 3.4% dividend, American Electric Power has the biggest upside to the average price target at 13.5%. NiSource has a cash dividend ratio of 4.4, a dividend yield of 3.6% and 11% upside to analysts' average price target. Three-quarters of the analysts covering NiSource rate it a buy.

Persons: FactSet, NiSource Organizations: CNBC Pro, Dominion Energy, American Electric Power, Merrillville , Indiana – Locations: Richmond, Virginia, Columbus , Ohio, NiSource, Merrillville , Indiana, Chicago

☆ Warren Buffett flaunts his green investment thumb
▼ + stars: | 2023-07-17 | by ( Robert Cyran | ) www.reuters.com time to read: +3 min

NEW YORK, July 17 (Reuters Breakingviews) - How does Warren Buffett allocate capital? Buffett noted a few years ago how electric utilities need a “massive makeover” involving costs that would chew up BHE’s earnings for decades. Natural gas will also become increasingly important as a backup fuel. Unlike most utilities, BHE doesn’t have to pay a dividend – and neither does Berkshire, because of the faith investors have in the $750 billion company. This frees up capital, giving Buffett an edge where capex and acquisitions are concerned.

Persons: Warren Buffett, Buffett, Greg Abel, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Berkshire Hathaway, Berkshire Hathaway Energy, Dominion, Chevron, Occidental Petroleum, Twitter, Dominion Energy, Brookfield Infrastructure Partners, Thomson Locations: Berkshire, Brookfield

☆ Germany's economy is stagnating. And these 5 charts show how
▼ + stars: | 2023-07-07 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

But a faltering gross domestic product isn't the only figure that suggests that the German economy is stuttering. Germany's inflation rate is expected to hit 6.4% for June, according to provisional data from the German statistics office, which is an increase from the 6.1% recorded for May. Expect maybe for the second half that inflation might come down to a certain extent," Joachim Nagel, president of Germany's central bank, the Bundesbank, told CNBC in March. "What the fiscal authority can do in the face of high inflation is to alleviate the pain of inflation on the most fragile citizens," he said. The German economy has already recouped half of the losses in terms of trade incurred over the last two years and the energy crisis," he added.

Persons: Joachim Nagel, Sylvain Broyer, Volker Wieland, Veronika Grimm, Alexander, Universität, Broyer, China's, Robert Habeck Organizations: Anadolu Agency, Getty, CNBC, European Central Bank, Energy, Goethe University, Allianz, Reuters, Friedrich, country's Locations: Germany, Europe, Ukraine, Frankfurt, Universität Erlangen, Nürnberg, China, Beijing

☆ ‘Forever chemicals’ in water: Nearly half of the tap water in the US is contaminated with PFAS, government study finds
▼ + stars: | 2023-07-05 | by ( Jen Christensen | ) edition.cnn.com time to read: +8 min

CNN —Almost half of the tap water in the United States is contaminated with chemicals known as “forever chemicals,” according to a study from the US Geological Survey. Experts say it’s important for people to understand their risk of exposure through tap water. Water filters may help somewhat if tap water is contaminated, and there are moves to regulate some PFAS chemicals in US drinking water. This US Geological Survey map shows the number of PFAS detected in tap water samples from select sites across the nation. In August 2023, the EPA said it is conducting the “most comprehensive monitoring effort for PFAS ever” at large and midsize public water systems and hundreds of small water systems.

Persons: Jamie DeWitt, There’s, ”, DeWitt, They’re, Graham Peaslee, Dr, Sanjay Gupta, “, Peaslee, ” Peaslee Organizations: CNN, Geological Survey, National Institutes of Health, US Environmental Protection Agency, Survey, Eastern Seaboard, Environmental Health Sciences, Oregon State University’s College of Agricultural Sciences, Utilities, EPA, of Physics, University of Notre Dame, CNN Health Locations: United States, Great, Central, Southern California

☆ These are analysts' favorite S&P 500 stocks heading into the second half
▼ + stars: | 2023-06-28 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

It's been a stellar first half for the S & P 500 , and some stocks in the index may be poised for rallies in the back end of the year. The S & P 500 ended Tuesday's session at 4,378.41. The stocks are all S & P 500 members and have buy ratings from at least 65% of analysts. .SPX YTD mountain The S & P 500, year to date Targa Resources is the most-liked stock on the list, with just under 90% of analysts holding buy ratings. It's the only stock on this list with a positive year-to-date performance, though it has still notably underperformed the broad S & P 500 .

Persons: It's, Wells, Timothy Daley, Daley, Ron DeSantis, — CNBC's Michael Bloom, Fred Imbert, Gina Francolla Organizations: CNBC, CNBC Pro, Rad Laboratories, Rad, Resources, Florida Gov, Disney

Utilities reversed the Tuesday gains with a 0.9% fall, as media and mining stocks both dropped 0.8%. European markets lost ground at the start of Wednesday trade, after U.K. inflation data came in higher than expected. Annual headline consumer price inflation was 8.7% in May, the same level as April, official statistics showed. In unwelcome news for the Bank of England, core inflation — excluding energy and food — accelerated to 6.5% from 6.2%. Asia-Pacific markets largely fell on Wednesday, mirroring moves on Wall Street as stocks came back from the Juneteenth holiday to trade lower on Tuesday.

Persons: John Leiper, Leiper, CNBC's, Jerome Powell Organizations: Utilities, Bank of England, Titan Asset Management, Monetary, of England, Federal, Financial Locations: London, Asia, Pacific, .

☆ Why the U.S. Electric Grid Isn’t Ready for the Energy Transition
▼ + stars: | 2023-06-12 | by ( Nadja Popovich | Brad Plumer | ) www.nytimes.com time to read: +13 min

Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. Power lines 100KV 345kV Data reflects the contiguous U.S. Power lines 100KV 345kV 500kV Data reflects the contiguous U.S. That makes it hard to build the long-distance power lines needed to transport wind and solar nationwide. To make the plan work, the nation would need thousands of miles of new high-voltage transmission lines — large power lines that would span multiple grid regions. Utilities are sometimes wary of long-distance transmission lines that might undercut their local monopolies. “The grid is already a critical element of our energy system,” said Matteo Muratori, an analyst at the National Renewable Energy Laboratory.

☆ Boring no more. Goldman says buy these utility stocks that are enabling a clean energy future
▼ + stars: | 2023-06-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Utility stocks are poised to capitalize on a clean energy future, according to Goldman Sachs. The shift to clean energy will require a "significant" amount of capital investment, which will contribute to attractive earnings and rate base growth, Davenport said. Among the names Goldman rated a buy are American Electric Power, NextEra Energy, Sempra and Southern Co. American Electric Power and NextEra Energy both hit several of Goldman's themes. NextEra Energy offers more than 21% upside to Goldman's price target, plus a 2.5% dividend yield. Meanwhile, Sempra is also an attractive growth opportunity, Davenport said.

Persons: Goldman Sachs, enablers, Carly Davenport, Davenport, Goldman, Sempra, CNBC's Michael Bloom Organizations: Utilities, Fund, Industry, American Electric Power, NextEra Energy, Sempra, Southern Co . American Electric Power, NextEra, Florida, Electric, LNG, Infrastructure, Southern Co Locations: United States, Southern, FPL, Texas

☆ Europe markets fall ahead of House vote on U.S. debt ceiling; SBB down 9%
▼ + stars: | 2023-05-31 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European stock markets were lower Wednesday morning as jitters remained over the U.S. debt ceiling bill ahead of the June 5 deadline. The Stoxx 600 index was down 0.5% at 8:45 a.m. London time, with food and beverage stocks down 1.1% and autos 1.05% lower. Utilities and telecoms benefited from a move toward defensives as the only sectors in the green, both up around 0.1%. European marketsAfter passing a key procedural vote in the House Rules Committee on Tuesday, the Fiscal Responsibility Act is provisionally scheduled to face a floor vote in the Republican-majority House around 8:30 p.m. It then needs to pass the Democratic-controlled Senate before Monday, when the U.S. Treasury predicts it will not have enough money to meet its debt obligations.

Persons: jitters Organizations: Republican, Democratic, U.S . Treasury Locations: London, defensives

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