By SIMON CONSTABLE
The bill for greening your electricity is going to be as big as the banking bailout.
More specifically, the net cost of replacing all fossil fuel power stations with renewable energy will total more than $700 billion over the next three decades. That's comparable to what the U.S. Treasury paid to rescue the broken U.S. banks a decade ago.
That's also the low estimate. Read more here.
By SIMON CONSTABLE
You really can't fix stupid.
Sadiq Khan, the left-leaning mayor of Britain's capital city, London, wants to introduce rent controls as a way to make housing more affordable.
The problem is that doing such a thing will almost certainly have the opposite effect of that desired and will make renting a home even harder.
Here's what you need to know and why it won't work. Read more here.
By SIMON CONSTABLE
Iconic motorcycle maker Harley Davidson raced past Wall Street expectations in the second quarter. The business, however, is slowing down. Read more here.
By SIMON CONSTABLE
Toymaker Hasbro smashed Wall Street earnings estimates in the second quarter on the back of strength in North America.
The company posted adjusted earnings per share of 78 cents vs. analysts' expectations of 50 cents. Last year, the company earned 48 cents a share. Read more here.
By SIMON CONSTABLE
Home improvement tools maker Stanley Black & Decker smashed earnings expectations with improved sales and reduced overhead driving the results.
In the second quarter, the company reported adjusted earnings per share of $2.66 vs. Wall Street expectations of $2.55. Earnings a year earlier were $1.93 a share. Read more here.
By SIMON CONSTABLE
Swiss-based financial services company UBS posted a slight increase in second-quarter earnings though the results were hampered in part by its sluggish wealth management and investment banking divisions.
The bank also warned that lower interest rates and politics could impede growth in future profits. Read more here.
By SIMON CONSTABLE
It's no yoking matter. Egg producer Cal-Maine Foods, just laid, well, an egg. Read more here.
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