Chevron will fuel a massive Microsoft data center in West Texas with natural gas under a 20-year agreement, the oil major announced Monday. The data center, called Project Kilby, is expected to consume nearly 2.7 gigawatts of electricity, equivalent to the power needed to run about 2 million homes. Most of the electricity will come…
Coal could come back. That was my insight, or more, my instinct, after interviewing Kenny Young, the CEO and seven-year veteran of Babcock & Wilcox , the 160-year-old boiler manufacturer turned engineering and construction company. Young wanted to talk about the surging demand for power spurred by the data center boom. So did I. B…
I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was…
Pedestrians at Pitt Street Mall in Sydney, Australia, on Thursday, July 24, 2025. Brendon Thorne | Bloomberg | Getty Images Markets in Australia and Japan were set to climb Tuesday, mirroring gains on Wall Street that saw both the S&P 500 and Nasdaq Composite reach new highs. This comes as investors took in strong earnings…
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire Hathaway shares fell roughly 1% this week while the S&P 500 edged 0.6% higher, ending the week at a fresh all-time high….
Ohio gubernatorial candidate Casey Putsch speaks with supporters at a campaign event in Toledo, Ohio, on Thursday, April 9, 2026. He is far behind in the polls, but Putsch is part of a nationwide message of economic populism and is promoting “right to repair” legislation. Sue Ogrocki | AP It used to be that if…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks are on track for a positive finish on Friday, lifting the S & P 500 into the green for the week and putting it on…
When the stock market opens on Monday, we will once again face the interaction between bonds and oil. Over the weekend, we saw the breakdown of the Strait of Hormuz opening deal and the ramp-up of President Donald Trump ‘s willingness to go back to bombing mode. I read that there are no more targets,…
My top 10 things to watch Monday, April 13 1. Dow futures are down almost 500 points this morning and WTI crude is back above $100 a barrel after President Donald Trump said the U.S. would implement a blockade of the Strait of Hormuz. Peace talks between Washington and Tehran were unsuccessful this weekend. I…
We have so many struggles going on right now that it’s hard to believe the market can stay up at this level for much longer. It’s a visceral moment where the losses mount quickly if you are on the wrong side of the trade. We all know that it’s time to embrace the bear, right?…
