The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
VMware has become accepting of the corporate rush to the cloud. A new acquisition could help it make more revenue as companies adopt a modern approach called serverless...Technologyread more
One of the world's worst-polluting power plants may become the first in the world to absorb more greenhouse gases than it emits.
The Drax Yorkshire power plant supplies one tenth of the United Kingdom's power, and is one of the biggest carbon-emitting facilities in the world, according to an article in the New Scientist.
That may change. The owners are switching from burning coal to wood pellets, an increasingly popular form of fuel in Europe. The pellets come from trees grown in the southern United States and elsewhere. The carbon that the plant emits will be pumped into deep underground chambers below the North Sea. Drax's owners intend to plant new trees to replace the ones they cut, which, in theory, will suck up even more greenhouse gases.
Critics say, however, that the rate at which the replanted trees grow and absorb carbon will create a lag time during which carbon emissions will still rise. Others point out that the reforested areas might end up being cleared for other uses.