The International Energy Agency says demand for fossil fuels like oil, gas and coal will hit an all-time high before 2030. That’s notable progress for the global fight against climate change, but it’s not fast enough to keep global warming within the internationally supported target. The IEA says the age of seemingly relentless growth of fossil fuels is set to come to an end this decade, bringing with it significant implications for the global energy sector.
The UAW plans to hold targeted strikes at certain U.S. auto factories if it can’t reach new labor deals with Detroit automakers by late Thursday, an unusual strategy that could broadly disrupt assembly-line production. The work-stoppage plans also call for the actions to escalate the longer the union goes without a new contract agreement, including picketing more plants.
Futures are mixed after stocks closed lower yesterday. The Dow Industrials slipped 17, the Nasdaq lost a sharp 144 and the S&P 500 was down 25.