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News
Rock climber Alex Honnold's solar-focused foundation is helping finance dozens of projects globally
5+ day, 13+ hour ago (126+ words) Famed rock climber Alex Honnold's solar-focused foundation on Tuesday is unveiling dozens of global partners across five continents that will receive a combined $11 million. Why it matters: It's the largest outlay in the group's history, and the Honnold Foundation's model…...
China's objections derail G20 finance statement
1+ week, 5+ day ago (213+ words) The G20 finance ministers failed to agree on a joint statement after China objected to several provisions, including language addressing huge trade surpluses and countries' reliance on exports for growth. Why it matters: China was the lone holdout, with the other…...
El-Sayed courts Jewish Democrats but won't dump Piker
1+ week, 6+ day ago (191+ words) Michigan Senate hopeful Abdul El-Sayed spent the weekend trying to make amends with the state's Jewish Democrats. But he showed there are limits to how far he's willing to go. Why it matters: El-Sayed's appearance before the state party's Jewish…...
Fed's Warsh: Interest rate increases in play if inflation doesn't fall
2+ week, 2+ day ago (361+ words) Federal Reserve chairman Kevin Warsh said Friday that the central bank's leaders have "work to do" if they are not confident that inflation is moving to 2% "clearly and at sufficient speed," implying that interest rate hikes are ahead in the…...
Treasury Department's bond intervention seems to be working
2+ week, 4+ day ago (206+ words) There is a hot debate over the wisdom of the Treasury Department's bond market intervention. In the meantime, market moves suggest Treasury's intended purpose — of reining in longer-term borrowing costs — is working. The big picture: Long-term Treasury yields have stabilized…...
Aerial firefighting crews are feeling the heat in a tough wildfire year
3+ week, 15+ hour ago (245+ words) Aerial firefighters are responding to this year's busy, unpredictable and deadly wildfire season with more missions, more planes and new tech. Why it matters: Firefighting aircraft and crews play a vital role in containing major wildfires, and difficult seasons can…...