ibedrola renewables

New Mexico Regulator Questions Iberdrola’s Financial Health; Considers Condition Buy Of PNM Resources

Renta 4 | One of the US regulators could be questioning Iberdrola’s acquistion of PNM Resources. The Regulatory Commision of New Mexico has recommended that the operation, (EV 6.9 billion euros), carried out by the Spanish firm’s subisidiary Avangrid, is done again. The regulator has found that there are more disadvantages for customers than initially estimated. And it is calling for conditions to be attached if the deal is finally…

The year of US infrastructures

Infrastructure: The Key To The China Challenge

Peter Rodgers | While providing a credible US-led alternative to the Belt and Road Initiative is desirable, the US must commit adequate financial and leadership resources to the effort. This is a good first step, but Washington must be careful not to create a new paranoia by demonizing economic and geopolitical rivals such as China and Japan to the point where it distorts priorities and leads to increased military spending rather than public investments in education, infrastructure and basic research, all of which are critical to America’s future prosperity and security.

amazon prime video

Five Predictions For The Future Of US Media

Nathan Meyer (Capital Group) | With remarkable speed, the COVID-19 pandemic has accelerated select investment themes across a number of industries. In my view as an equity analyst, nowhere is that truer than the media and entertainment sectors where technological advances and work-from-home trends are rapidly changing the landscape. For exmaple, streaming services such as Netflix, Disney+ and Amazon Video are the primary replacement for traditional pay TV bundles.


‘Delta’ Spelled With A ‘W’

Pablo Pardo (Washington) | In September, the slowdown has, unexpectedly, arrived in the US. The main culprit is the Delta variant of the coronavirus, which is once again claiming 1,500 lives daily and threatens to cause a ‘W’ revival. Until just a month ago, the biggest question regarding the US economy was whether its growth would beat China’s for two years in a row. The last time US GDP growth…

US payrolls

Workers Of The World Unite! How The Post-Pandemic Recovery Is Increasing The Bargaining Power Of Labour

Katherine Davidson (Schroders) | More than 114 million people lost their jobs over 2020, according to the International Labor Organization. Even more saw their working hours and wages cut. It may seem counter-intuitive, but the post-pandemic recovery is seeing a shortage of labour – pushing up wages and shifting the balance of power in workers’ favour for the first time in decades.

Mapfre 800x400 1

Mapfre Partners With AAA Washington

Mapfre Insurance – which serves customers in 13 US states, the largest auto and home insurer in Massachusetts and the 21st largest private personal auto insurer in the US – and AAA Washington – which offers its 1.2 million members exclusive benefits including roadside assistance, discounts, maps and personalised travel planning – have entered into an agreement to create a joint venture dedicated to the co-marketing of auto and home…

bridge general

America’s $1 Trillion Infrastructure Bill, Explained

Nick Ottens (Atlantic Sentinel) | The United States Senate is expected to pass a $1 trillion infrastructure bill this week with funding for everything from broadband Internet to road safety. The bill, which is believed to have the support of enough Republicans to overcome a forty-senator filibuster, falls short of the $2 trillion President Joe Biden had proposed to spend on (green) infrastructure over four years. The compromise bill has…

The year of US infrastructures

When Old Infrastructure Ages

John Plassard (Mirabaud) | America’s infrastructure has long been infamous for its poor state. But it has final dawned on the country that something needs to be done. US President Joe Biden announced in mid-June that a bipartisan group of senators had reached consensus on a bill that would allocate $579 billion to spending on infrastructure. review of data by the American Society of Civil Engineers (ASCE) and the US Army Corps of Engineers shows how America’s infrastructure has aged. In its latest report on U.S. infrastructure, the ASCE put the average age of levees and dams to be 50 and 57 years old, respectively, meaning they are at or beyond their expected service age.

Wall Street

What Do Rising Bond Yields Mean For The US Stock Market?

Sean Markowitcz (Schroders) |  Since the 1970s, there have been approximately 11 rising yield cycles. Yet, contrary to popular belief, these periods were overwhelmingly positive for the stock market. For example, US equities delivered a positive total return in nine of these episodes, with an annualised average performance of 13.4%.

US labor market

More US Jobs Available Than At Any Point In The Last 20 Years. What’s Going On In The Labour Market?

Felipe Villarroel (TwentyFour AM)| The latest batch of NFP data for April showed the biggest miss we can remember in terms of jobs created (266k versus an expected 1m), and taken at face value muted wage pressures as measured by average hourly earnings (AHE). At the same time, the likes of McDonald’s and Burger King were paying people just to attend interviews as they could not fill the positions they needed to operate their restaurants properly. So is this a case of subdued demand in the labour market with companies not hiring, or subdued supply with workers for whatever reason unwilling to fill vacancies?