May 15, 2024
Finance

Utility stocks are on fire — here are Wall Street analysts’ top picks

Utility stocks have turned into leaders recently, gaining more than 4% over the past five days to close out their best week of the year. The S&P 500 Utilities ETF (XLU) is up more than 12% year to date in a reversal from last year when investors soured on the sector due to expensive projects

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Investors

Japan wants cash for its green transition. But what are investors actually backing?

Japan is asking investors to stump trillions of yen over the next decade to back its efforts to tackle climate change. But both investor groups and climate change experts are concerned about the decarbonization merits of the projects the world’s first sovereign “transition bonds” will be supporting. These special sovereign bonds, which were issued for

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