The massive amounts of liquidity being pumped into markets by global central banks are tantamount to "monetary Red Bull" and may have unexpected consequences for businesses and economies, Bill Gross told CNBC on Monday.
The rally in risk markets has left oil in the dust, a function of how growing U.S. energy supplies and fears about global demand are throwing cold water on crude prices.
Rap mogul Jay-Z is launching a sports-management agency and in the process, lured Yankees' second baseman Robinson Cano away from super agent Scott Boras.
Peak oil – the theory that fossil fuel supply will, at some point in the unspecified future peak, sending prices spiking – has now given way to peak demand.
Once attracting billions in private investment and public subsidies, enthusiasm over the solar sector has waned recently, underscoring the limits of renewable energies and the dominance of fossil fuels.