The U.S. Treasury will open applications for $4 billion worth of new tax credits for clean-energy projects at the end of May, including $1.6 billion slated for communities hit by closures of coal mines and coal-fired power plants.
Qatar is finalizing a massive long-term LNG deal with China National Petroleum Corp, China’s largest gas importer, following the execution of a similar deal with Sinopec in November.
Inflation eased slightly in January from the prior month to 6.4%; economists had expected a lower 6.2%.
Americans expect inflation one year from now to hold steady at 5%, according to the latest New York Fed survey.
With about 80% of the S&P 500 having reported, fourth-quarter earnings are on track to miss estimates by 1%, according to Bank of America.
Investors and corporate leaders remain optimistic that highly indebted businesses will be able to weather the coming quarters, as evidenced by rallying loan prices, low defaults and unchanged business plans.
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