Renewable power will be the fastest-growing source of electricity over the next three decades, accounting for 38% of generation by 2050, according to the U.S. Energy Information Administration’s Annual Energy Outlook released Wednesday.
Oil tumbled to a six-week low after the U.S. government reported a further expansion in gasoline and distillate supplies, signaling lackluster demand.
BMO Global Asset Management is closing its exchange-traded funds business in Europe after a four-year struggle for market share in an industry dominated by large firms and low-fee offerings.
Mark McVeigh, a 24-year-old environmental scientist from Australia, won’t be able to access his retirement savings until 2055. But, concerned about what the world may look like then, he’s taking action now, suing his A$57 billion ($39 billion) pension fund for not adequately disclosing or assessing the impact of climate change on its investments.
As global tensions escalate and signs of a slowdown mount, more investors are turning to gold. Worldwide holdings in bullion-backed exchange-traded funds have expanded for 17 days in a row, the longest run of inflows since 2009.
Dan McCabe is on a quest to transform your finances. The chief executive officer of Bedminster, N.J.-based Precidian Investments has a new way to invest that could make thousands of mutual funds obsolete, and he’s persuaded the likes of BlackRock Inc. to license the idea.
The balance of power has shifted in the $8 trillion stock-fund industry.
VanEck Securities Corp. and SolidX Management LLC, a duo that have unsuccessfully petitioned the U.S. Securities and Exchange Commission for over a year to approve an exchange-traded fund that invests in Bitcoin, have found a workaround for some large investors.
Investors terrified of the yield curve inversion may find solace in exchange-traded funds, according to Bank of America Corp.
Oil traded near $60 a barrel after a storm shut almost three-quarters of U.S. Gulf of Mexico crude production, even as lingering demand concerns continue to dent the outlook.
U.S. equity futures climbed alongside stocks in Europe and Asia at the start of a busy week for Federal Reserve speakers, corporate earnings and economic data. Treasuries gained while the dollar was little changed.