Gold hit a new record on Monday before retreating, while bitcoin jumped to its highest level since April 2022.
U.S. electricity generation from wind power is on course to surpass coal-fired electricity generation, potentially by 2026, as wind supply growth expands at a record pace just as coal-fired generation is cut across the country. Coal-fired power remains the second largest source of U.S. electricity behind natural gas, and over the first 10 months of 2023 coal-fired output was roughly 60% greater than total generation from wind sources, data from think tank Ember shows. But with wind power generation rapidly rising in most regions while utilities steadily cut coal capacity, wind output is on track to eventually overtake coal output within the U.S. electricity generation mix, which will mark a significant milestone in U.S. energy transition efforts.
(Bloomberg) -- Oil steadied after a three-day loss as Saudi Arabia said recent cuts by OPEC+ would be honored in full and could be extended, pushing back against persistent skepticism over the curbs’ effectiveness.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsWall Street’s Furious Bull Run Gets Reality Check: Markets WrapBitcoin Surges Past $42,000 Even as Stocks and Bonds Take a HitHarvard Alumni Rebuke Its Israel Response With Mere $1 DonationsIsrael’s Wider War