4 Results for author: psema

Dow closes above 20,000 for first time as Trump orders send stocks flying

U.S. equities closed at all-time highs on Wednesday after a series of executive orders from President Donald Trump increased bullish sentiment on Wall Street, while financials outperformed. The Dow Jones industrial average broke above 20,000 for the first time, rising about 150 points as Boeing, Goldman Sachs and IBM contributed the most ... More

Here’s what Shell’s ethane cracker means for Western PA

The oil and gas industry took off in Western Pennsylvania right around 2008. Digging deep into the Marcellus and even deeper into the Utica, operators are biting away at vast layers of shale. Turning the drill bit ever so slightly and kicking out into the lateral, producing natural gas has never been more economic. Now, combine this with hydraulic fractur... More

Emerging Stocks Drop as Oil Sinks Energy Shares; Ringgit Weakens

From Bloomberg News Emerging-market stocks headed for their first decline in five days as energy producers dropped with oil and concern grew over the outlook for the global economy. The Malaysian ringgit paced losses for developing-nation currencies. The MSCI Emerging Markets Index decreased the most in a week, with nearly two shares falling for each ... More

These Three Trends Have Radically Redefined the Energy Market

From Bloomberg Business:  Michael Liebreich, the founder of Bloomberg New Energy Finance, set out the trends upending the global energy markets and ushering in what he termed an “age of plenty.” He said: 1. Cheap fossil fuels are here to stay because production costs are tumbling. 2. Intermittent renewables will dominate electricity supply by ... More