Latest news with #Quinlan
Yahoo
4 days ago
- Business
- Yahoo
Will the Big Beautiful Bill Make Your Utility Bills More Expensive? Experts Weigh In
Trump's Big Beautiful Bill, signed into law on July 4, rolls back clean energy tax credits, repeals climate-focused funding and expands oil and gas development. While some Senate Republicans claim the bill is pro-growth, energy experts warn it could raise utility bills across the U.S. and make long-term power costs more volatile — below is what they had to say. Also here's ChatGPT's simple explanation of what the Big Beautiful Bill is. Explore More: Read Next: Power Bills Could Jump According to a report from Energy Innovation, households across the U.S. could pay a combined $170 billion more for energy between 2025-2034 due to the Big Beautiful Bill. Patrice Williams-Lindo, a workforce futurist, visibility strategist and CEO of Career Nomad, who has advised energy firms on digital adoption and job transitions, said the Big Beautiful Bill doesn't support the energy systems people actually rely on. 'Consumers might see temporary dips in prices if domestic oil and gas production is amped up,' she said. 'But that's a supply illusion. Without long-term investment in resilient grids, diversified energy sources or consumer subsidies, bills will spike again — especially in disaster-prone regions.' Owen Quinlan, head of data at Arbor, said households are already feeling it. 'In many cities, rates have jumped 10% to 45% this summer,' he said. 'And that's before factoring in the potential impact of this bill.' Quinlan's team tracks real-time energy prices across the country. He warned that pulling back on clean energy now could make things more difficult for households already feeling the strain of higher bills. For You: Clean Energy Keeps Prices Down, but That Could Change Quinlan pointed out that solar already plays a big role in keeping daytime prices low. 'The challenge comes when the sun goes down and demand stays high — that's when the grid relies on costly backup power and prices can spike dramatically,' he explained. 'Without more investment in clean energy and the infrastructure to support it, those price spikes could become more common and expensive.' Williams-Lindo said rolling back clean energy also hits the workforce. 'Rolling back climate-forward policies will stall the growth of future-ready jobs in solar, wind, grid optimization and green infrastructure,' she said. She added that it could mean fewer affordable energy options for consumers and fewer high-wage jobs in underserved regions. What's Missing From the Energy Conversation Williams-Lindo shared what she called the RNA framework: Rebrand, Network, Achieve Recognition and said that consumers and industry leaders will need to rebrand how they engage with energy, moving from passive users to educated advocates. 'Utilities will need to network across sectors — tech, policy, labor — to build smarter, equitable pricing models,' she said. 'And marginalized communities, especially Black and brown households often hit hardest by utility hikes, must be recognized in energy policy as stakeholders, not just line items.' According to Lindo, patriotic branding doesn't pay your power bill. Without transparency, equity and investment in energy innovation, the Big Beautiful Bill could lead to big ugly bills for everyday Americans. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates 3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance (And 2 Reasons They Should) This article originally appeared on Will the Big Beautiful Bill Make Your Utility Bills More Expensive? Experts Weigh In
Qatar Tribune
29-06-2025
- Business
- Qatar Tribune
Markets rally, Trump's policymaking stirs concerns
Agencies As Wall Street slowly puts April's tariff shakeout behind and indexes set record highs, investors remain on edge and wary of U.S. President Donald Trump's rapid-fire, sometimes chaotic policymaking process and see the rally as fragile. The S&P 500 and Nasdaq composite index advanced past their previous highs into uncharted territory on Friday. Yet traders and investors remain wary of what may lie ahead. Trump's April 2 reciprocal tariffs on major trading partners roiled global financial markets and put the S&P 500 on the threshold of a bear market designation when it ended down 19% from its Feb. 19 record-high close. This week's leg up came after a U.S.-brokered cease-fire between Israel and Iran brought an end to a 12-day air battle that had sparked a jump in crude prices and raised worries of higher inflation. But a relief rally started after Trump responded to the initial tariff panic that gripped financial markets by backing away from his most draconian plans. JPMorgan Chase, in the midyear outlook published on Wednesday by its global research team, said the environment was characterized by 'extreme policy uncertainty.' 'Nobody wants to end a week with a risk-on tilt to their portfolios,' said Art Hogan, market strategist at B. Riley Wealth. 'Everyone is aware that just as the market feels more certain and confident, a single wildcard policy announcement could change everything,' even if it does not ignite a firestorm of the kind seen in April. Part of this wariness from institutional investors may be due to the magnitude of the 6% S&P 500 rally that followed Trump's re-election last November and culminated in the last new high posted by the index in February, said Joseph Quinlan, market strategist at Bank of America. 'We were out ahead of our skis,' Quinlan said. A focus on deregulation, tax cuts and corporate deals brought out the 'animal spirits,' he said. Then came the tariff battles. Quinlan remains upbeat on the outlook for U.S. stocks and optimistic that a new global trade system could lead to U.S. companies opening new markets and posting higher revenues and he said he is still cautious. 'There will still be spikes of volatility around policy unknowns.' Overall, measures of market volatility are now well below where they stood at the height of the tariff turmoil in April, with the CBOE VIX index now at 16.3, down from a 52.3 peak on April 8. 'Our clients seem to have become somewhat desensitized to the headlines, but it's still an unhealthy market, with everyone aware that trading could happen based on the whims behind a bunch of' social media posts, said Jeff O'Connor, head of market structure, Americas, at Liquidnet, an institutional trading platform. Trading in the options market shows little sign of the kind of euphoria that characterized stock market rallies of the recent past.'On the institutional front, we do see a lot of hesitation in chasing the market rally,' Stefano Pascale, head of U.S. equity derivatives research at Barclays, said. Unlike past episodes of sharp market selloffs, institutional investors have largely stayed away from employing bullish call options to chase the market higher, Pascale said, referring to plain options that confer the right to buy at a specified future price and date. Bid/ask spreads on many stocks are well above levels O'Connor witnessed in late 2024, while market depth, a measure of the size and number of potential orders, remains at the lowest levels he can recall in the last 20 years. 'The best way to describe the markets in the last couple of months, even as they have recovered, is to say they are unstable,' said Liz Ann Sonders, market strategist at Charles Schwab. She said she is concerned that the market may be reaching 'another point of complacency' akin to that seen in March. 'There's a possibility that we'll be primed for another downside move,' Sonders added. Mark Spindel, chief investment officer at Potomac River Capital in Washington, said he came up with the term 'Snapchat presidency' to describe the whiplash effect on markets of the president's constantly changing policies on markets. 'He feels more like a day trader than a long-term institutional investor,' Spindel said, alluding to Trump's policy flip-flops. 'One minute he's not going to negotiate, and the next he negotiates.' To be sure, traders seem to view those rapid shifts in course as a positive in the current rally, signaling Trump's willingness to heed market signals. 'For now, at least, stocks are willing to overlook the risks that go along with this style and lack of consistent policies, and give the administration a break as being 'market friendly,'' said Steve Sosnick, market strategist at Interactive Brokers.
National Post
29-06-2025
- General
- National Post
They saved Jews from the Nazis. Eighty years later, two Dutch-Canadian couples named among the 'righteous'
Article content In accepting the honour on behalf of her late grandparents, Quinlan, a retired judge who lives in Barrie, Ont., noted Canada's dismal record of admitting Jewish refugees during the war era, the lowest among western countries. Article content 'The inactions of our country underscore the empathy and humanity of our grandparents, who could also have done nothing,' Quinlan told those assembled. 'A supposed civilized country could ignore the suffering around it, but Moeke and Opa could not.' Article content Her grandparents never talked about their valour. The sentiment, according to one of their daughters — Quinlan's mother — was 'it was just something we did. Anyone would have done it.' Article content That isn't so, Quinlan said. 'It was dangerous. It was an act of heroism that until now, was unrecognized.' Article content Hedrick and Frederika Veldboom, meantime, were newly married and members of the Dutch underground who turned their rural farmhouse into a hiding place for Jews and young Dutch men fleeing forced labour. Among the Jews were Lena Kropveld and her husband, Yitzchak Jedwab, a cantor. Wed secretly in 1942, they spent months in a hidden space behind a wardrobe, relying on coded warning systems. Article content Article content The dangers rose to new heights when Lena gave birth to a baby boy. She held her newborn for an hour before Hendrik Veldboom placed him in a cardboard box and bicycled in darkness to put the baby on the doorstep of the leader of the underground resistance, who took the child in despite having eight children. The baby, registered as abandoned, was reunited with his parents after liberation. Article content In 1952, the Veldbooms immigrated to Brockville, Ont., where they became farmers. What would they have said about being honoured as righteous rescuers? Article content 'I think they would be terribly surprised,' said their daughter, Jantina Veldboom Devries, who lives in Hamilton, Ont. and accepted the distinction 'I think it would be almost unthinkable for them because they didn't see themselves as heroic. They did the right thing at the right time. Doing the right and honourable thing doesn't need recognition, they would say.' Article content Idit Shamir, Israel's consul general in Toronto and western Canada, echoed that sense of humility expressed by the two couples — indeed by many other Righteous Among the Nations. Article content 'Were they heroes?' Shamir asked. 'They would laugh. They were farmers. Parents. Neighbours who kept chickens and worried about harvest. Article content 'Were they saints? They would object. They made mistakes. They felt fear. They were gloriously, beautifully human. We call them what they were: Righteous. Not perfect. Not fearless. Not superhuman. Simply people who saw clearly when the world went blind.' Article content
New Straits Times
29-06-2025
- Business
- New Straits Times
Even as markets rally, Trump's policymaking causes market angst
NEW YORK: As Wall Street puts April's tariff shakeout in the rear-view mirror and indexes set record highs, investors remain wary of US President Donald Trump's rapid-fire, sometimes chaotic policymaking process and see the rally as fragile. The S&P 500 and Nasdaq Composite Index advanced past their previous highs into uncharted territory on Friday. Yet traders and investors remain wary of what may lie ahead. Trump's April 2 reciprocal tariffs on major trading partners roiled global financial markets and put the S&P 500 on the threshold of a bear market designation when it ended down 19 per cent from its Feb 19 record-high close. This week's leg up came after a US-brokered ceasefire between Israel and Iran brought an end to a 12-day air battle that had sparked a jump in crude prices and raised worries of higher inflation. But a relief rally started after Trump responded to the initial tariff panic that gripped financial markets by backing away from his most draconian plans. JP Morgan Chase, in the midyear outlook published on Wednesday by its global research team, said the environment was characterised by "extreme policy uncertainty." "Nobody wants to end a week with a risk-on tilt to their portfolios," said Art Hogan, market strategist at B. Riley Wealth. Everyone is aware that just as the market feels more certain and confident, a single wildcard policy announcement could change everything," even if it does not ignite a firestorm of the kind seen in April. Part of this wariness from institutional investors may be due to the magnitude of the six per cent S&P 500 rally that followed Trump's re-election last November and culminated in the last new high posted by the index in February, said Joseph Quinlan, market strategist at Bank of America. "We were out ahead of our skis," Quinlan said. A focus on deregulation, tax cuts and corporate deals brought out the "animal spirits," he said. Then came the tariff battles. Quinlan remains upbeat on the outlook for US stocks and optimistic that a new global trade system could lead to US companies opening new markets and posting higher revenues and profits. But he said he is still cautious. "There will still be spikes of volatility around policy unknowns." Overall, measures of market volatility are now well below where they stood at the height of the tariff turmoil in April, with the CBOE VIX index now at 16.30, down from a 52.30 peak on Apr 8. UNSTABLE MARKETS "Our clients seem to have become somewhat desensitised to the headlines, but it's still an unhealthy market, with everyone aware that trading could happen based on the whims behind a bunch of" social media posts, said Jeff O'Connor, head of market structure, Americas, at Liquidnet, an institutional trading platform. Trading in the options market shows little sign of the kind of euphoria that characterised stock market rallies of the recent past. "On the institutional front, we do see a lot of hesitation in chasing the market rally," Stefano Pascale, head of US equity derivatives research at Barclays, said. Unlike past episodes of sharp market selloffs, institutional investors have largely stayed away from employing bullish call options to chase the market higher, Pascale said, referring to plain options that confer the right to buy at a specified future price and date. Bid/ask spreads on many stocks are well above levels O'Connor witnessed in late 2024, while market depth – a measure of the size and number of potential orders – remains at the lowest levels he can recall in the last 20 years. "The best way to describe the markets in the last couple of months, even as they have recovered, is to say they are unstable," said Liz Ann Sonders, market strategist at Charles Schwab. She said she is concerned that the market may be reaching "another point of complacency" akin to that seen in March. "There's a possibility that we'll be primed for another downside move," Sonders added. Mark Spindel, chief investment officer at Potomac River Capital in Washington, said he came up with the term "Snapchat presidency" to describe the whiplash effect on markets of the president's constantly changing policies on markets. "He feels more like a day trader than a long-term institutional investor," Spindel said, alluding to Trump's policy flip-flops. "One minute he's not going to negotiate, and the next he negotiates." To be sure, traders seem to view those rapid shifts in course as a positive in the current rally, signalling Trump's willingness to heed market signals. "For now, at least, stocks are willing to overlook the risks that go along with this style and lack of consistent policies, and give the administration a break as being 'market friendly'," said Steve Sosnick, market strategist at Interactive Brokers.
Kuwait Times
28-06-2025
- Business
- Kuwait Times
Markets rally, but Trump's chaotic policies cause angst
NEW YORK: As Wall Street puts April's tariff shakeout in the rearview mirror and indexes set record highs, investors remain wary of US President Donald Trump's rapid-fire, sometimes chaotic policymaking process and see the rally as fragile. The S&P 500 and Nasdaq composite index advanced past their previous highs into uncharted territory on Friday. Yet traders and investors remain wary of what may lie ahead. Trump's April 2 reciprocal tariffs on major trading partners roiled global financial markets and put the S&P 500 on the threshold of a bear market designation when it ended down 19 percent from its February 19 record-high close. This week's leg up came after a US-brokered ceasefire between Israel and Iran brought an end to a 12-day air battle that had sparked a jump in crude prices and raised worries of higher inflation. But a relief rally started after Trump responded to the initial tariff panic that gripped financial markets by backing away from his most draconian plans. JP Morgan Chase, in the midyear outlook published on Wednesday by its global research team, said the environment was characterized by 'extreme policy uncertainty.' 'Nobody wants to end a week with a risk-on tilt to their portfolios,' said Art Hogan, market strategist at B. Riley Wealth. 'Everyone is aware that just as the market feels more certain and confident, a single wildcard policy announcement could change everything,' even if it does not ignite a firestorm of the kind seen in April. Part of this wariness from institutional investors may be due to the magnitude of the 6 percent S&P 500 rally that followed Trump's re-election last November and culminated in the last new high posted by the index in February, said Joseph Quinlan, market strategist at Bank of America. 'We were out ahead of our skis,' Quinlan said. A focus on deregulation, tax cuts and corporate deals brought out the 'animal spirits,' he said. Then came the tariff battles. Quinlan remains upbeat on the outlook for US stocks and optimistic that a new global trade system could lead to US companies opening new markets and posting higher revenues and profits. But he said he is still cautious. 'There will still be spikes of volatility around policy unknowns.' Overall, measures of market volatility are now well below where they stood at the height of the tariff turmoil in April, with the CBOE index now at 16.3, down from a 52.3 peak on April 8. 'Our clients seem to have become somewhat desensitized to the headlines, but it's still an unhealthy market, with everyone aware that trading could happen based on the whims behind a bunch of' social media posts, said Jeff O'Connor, head of market structure, Americas, at Liquidnet, an institutional trading platform. Trading in the options market shows little sign of the kind of euphoria that characterized stock market rallies of the recent past. 'On the institutional front, we do see a lot of hesitation in chasing the market rally,' Stefano Pascale, head of U.S. equity derivatives research at Barclays, said. Unlike past episodes of sharp market selloffs, institutional investors have largely stayed away from employing bullish call options to chase the market higher, Pascale said, referring to plain options that confer the right to buy at a specified future price and date.—Reuters Bid/ask spreads on many stocks are well above levels O'Connor witnessed in late 2024, while market depth - a measure of the size and number of potential orders - remains at the lowest levels he can recall in the last 20 years. 'The best way to describe the markets in the last couple of months, even as they have recovered, is to say they are unstable,' said Liz Ann Sonders, market strategist at Charles Schwab. She said she is concerned that the market may be reaching 'another point of complacency' akin to that seen in March. 'There's a possibility that we'll be primed for another downside move,' Sonders added. Mark Spindel, chief investment officer at Potomac River Capital in Washington, said he came up with the term 'Snapchat presidency' to describe the whiplash effect on markets of the president's constantly changing policies on markets. 'He feels more like a day trader than a long-term institutional investor,' Spindel said, alluding to Trump's policy flip-flops. 'One minute he's not going to negotiate, and the next he negotiates.' To be sure, traders seem to view those rapid shifts in course as a positive in the current rally, signaling Trump's willingness to heed market signals. 'For now, at least, stocks are willing to overlook the risks that go along with this style and lack of consistent policies, and give the administration a break as being 'market friendly',' said Steve Sosnick, market strategist at Interactive Brokers. – Reuters
