Insurance is the "Achilles heel" of the fossil-fuel industry, with the power to drive climate change progress, because projects are unlikely to attract capital if they can't get insurance.

New bill would boost alternative assets in retirement plans; its sponsors estimate a modest diversification into "alts" could increase 401(k) performance by 17%.

The selloff to meet margin calls comes after the BOE confirmed it will end its emergency bond-buying program; reverberations were felt from Sydney to Frankfurt to New York.