Wednesday, 25 November 2020

Bridgewater’s Bob Prince Says Virus Impact Could Last Two Years

In this article Bob Prince, co-chief investment officer of the world’s biggest hedge fund at Bridgewater Associates, said the impact of the coronavirus pandemic could last 18 to 24 months, complicating monetary and fiscal policy efforts to bolster the economy. “There’s a huge amount of uncertainty,” Prince, who helps manage…

Dodge Scores First Win for Detroit in 34-Year J.D. Power Study

Detroit automakers dominated J.D. Power’s marquee study of new-vehicle quality for the first time, with Fiat Chrysler Automobiles NV’s Dodge becoming the first domestic brand to lead the rankings in 34 years. Dodge and Kia Motors Corp.’s namesake brand tied for first place with consumers reporting the fewest problems with…

Trump’s Pick for CIA Watchdog Vows Independence From White House

Donald Trump’s pick for CIA inspector general pledged independence from the president and attorney general as senators pressed him on his willingness to speak truth to power during his confirmation hearing on Wednesday. “I’ve got a 35-year career and, I think, built up a reputation,” nominee Peter Thomson told the…

How Monsanto’s Roundup Herbicide Went From Bayer Asset to Burden

Bayer AG just agreed to pay as much a $10.9 billion to settle most of the legal headaches inherited with the takeover of Monsanto two years ago. That marriage, which followed a two-year courtship and cost Bayer a quarter of its value, didn’t start out as rocky. Here are key…

Working at Home Means Softer Toilet Paper — and a Climate Toll

With Americans spending a lot of time at home these days, more money is being spent on soft toilet paper. That may be bad news for the environment. The kind of cushy tissue that was sold out earlier in the pandemic uses material that comes primarily from clear-cutting forests, according…

Solar-Power Costs Falling Even Faster Than Expected Due to Virus

The cost of U.S. solar power is dropping faster than expected as the coronavirus stifles demand, according to a report from Wood Mackenzie. Residential-system prices will fall 17% over the next five years, the research company said Wednesday. That’s steeper than the 14% it had expected before the coronavirus. Wood…