The world installed 599 GW of solar panels last year, up about a third from 2023. Generating power only 15% of the time, these panels should produce about 787 TWh of electricity – equivalent to the output of a third of the world’s nuclear reactors. Add that to the approximate 344 TWh of wind that was connected last year, and the total amount of clean energy installed in 2024 was equivalent to about 6.2% of all fossil-fired electricity on the planet. Repeat that trick for 16 years and hold demand steady, and net-zero could, in theory, be solved.–Bloomberg, February 24, 2025
Households in the top decile of annual income accounted for a record 49.7% of all spending in 2024, which is up from about 36% thirty years ago. Since the start of the pandemic, households in the top 10% of annual income have accrued excess savings of $1.3 trillion compared to less than $300 million for the other 90%. –WSJ, February 23, 2025
Citigroup accidentally credited a customer’s account with $81 trillion last year when it meant to send just $280. The payment was missed by two employees initially, and while they caught their mistake 90 minutes after it was posted, it took several hours to reverse the mistake. –CNBC, March 1, 2025
A new era of cell phone service? AT&T and Verizon just pulled off a game-changer, placing the first ever cellphone-to-satellite video calls using AST SpaceMobile’s cutting-edge BlueBird satellites. This leap forward means we’re inching closer to seamless global coverage with no more dead zones, no more signal struggles, and not just with audio – but video calls as well. –The Verge, February 24, 2025
13 of the previous 39 stock market corrections turned into bear markets. Always remember – all market corrections start with a pullback, and all bear markets start with a correction, but not all corrections turn into a bear market.–Ryan Detrick, March 30, 2025
More than 1-in-4 student loan borrowers are now delinquent just months after payments resumed, according to the U.S. Department of Education. That’s 7 million Americans behind on their loans – a sign that the financial aftershock of the “pandemic pause” might not be over. –CNBC, March 26, 2025
“Be quick to turn bullish, but take your time turning bearish. The market is up more than 70% of the time.”– Larry Williams
