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Battery Electric Vehicles: This aligns with a broader global trend. Rystad Energy’s forecasts indicate 14.5 million passenger EVs will be sold worldwide in 2023, signifying a 38% year-on-year increase and capturing a 19% share of the total car market. ....
The tsunami wave of monetary and fiscal profligacy combined with an orgy of optimism about vaccinations and a post-COVID world, have sparked the broadest rally in the underlying components of the S&P 500 in history. (487 names on the S&P 500 Index have climbed above their 200-day moving average) Source: Bloomberg But it was Small Caps that dominated today (after collapsing yesterday). Nasdaq lagged but all the US majors were higher and thelast 30 mins saw the ubiquitous buying panic.. Interestin . One of the men who died in the fiery Houston Tesla wreck that we have been reporting on over the last few days has been identified as 59-year-old Dr. William Varner. ....
US stocks close higher to kick off March as economic outlook brightens (SPY +2.4%). Iran rejects EU offer to resume nuclear talks with US. The Market in Perspective Here are the headlines moving the markets. Oil Workers Move To Renewable Jobs, But The Pay Is Lower As thousands of oil and gas jobs disappeared during the oil price and demand crash last year, more and more former oil workers moved to jobs in the clean energy business, but they have also taken a pay cut moving to renewables as the industry still pays lower than oil and gas. During the worst of the 2020 crisis, more than 100,000 jobs were lost in the oil, gas, and chemicals industries in the United States alone. Some of those jobs may never return, Deloitte said in a report in October last year. On the other hand, there is a growing demand for ....