WEATHER ALERT
Private equity sees profits in power utilities as electric bills rise and Big Tech seeks more energy
Read full article: Private equity sees profits in power utilities as electric bills rise and Big Tech seeks more energyPrivate investment firms that are helping finance America’s artificial intelligence race and the huge buildout of energy-hungry data centers are getting interested in the local utilities that deliver electricity to regular customers — and the servers that power AI.
Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump
Read full article: Strange sell-off in the dollar raises the specter of investors losing trust in the US under TrumpAmong the threats tariffs pose to the U.S. economy, none may be as strange as the sell-off in the dollar.
Larry Fink, photographer who contrasted social classes, dead at 82
Read full article: Larry Fink, photographer who contrasted social classes, dead at 82Larry Fink, an acclaimed and adventurous photographer whose subjects ranged from family portraits and political satire to working class lives and the elite of show business and Manhattan society, has died.
Clinton initiative's NYC return includes Andres, Queen Rania
Read full article: Clinton initiative's NYC return includes Andres, Queen RaniaWorld Central Kitchen founder Jose Andres, Jordan’s Queen Rania, BlackRock CEO Larry Fink and “Hamilton” creator Lin-Manuel Miranda will help relaunch the Clinton Global Initiative in September.
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Saudi crown prince's investment forum draws back Westerners
Read full article: Saudi crown prince's investment forum draws back WesternersSaudi Arabia’s annual investment forum has drawn over a thousand participants, with big-name U.S. financiers and business leaders back on the stage three years after many stayed away following international outcry over the killing of a government critic in a Saudi consulate.
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In oil-rich Texas, GOP lawmakers push bill to punish Wall Street for fossil fuel disinvestments
Read full article: In oil-rich Texas, GOP lawmakers push bill to punish Wall Street for fossil fuel disinvestmentsCredit: Jordan Vonderhaar for The Texas TribuneA bill filed in the Texas Senate Thursday would direct the state’s massive investment funds to divest from any companies that “boycott” fossil fuels. Pressure is increasing on Wall Street for companies and investment funds to reduce their financial support for oil and gas companies; environmental activists have long called for Wall Street and university endowments to stop investing in fossil fuels, and several universities have complied. Texas state funds identified in the bill include the $46 billion Texas Permanent School Fund, the largest such K-12 fund in the U.S; the Teacher Retirement System of Texas, which manages nearly $165 billion in investments; and the Employees Retirement System of Texas and Texas Municipal Retirement System of Texas, which each manage $31 billion. AdSenate Bill 13 — low numbered bills signal a high priority for lawmakers — would also prevent companies, retired beneficiaries and others from suing the state over the divestments. In February, before the winter storm that left millions of people across Texas without power and killed dozens, Lt. Gov.