National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve is not cutting interest rates quickly enough, even though the U.S. economy grew at a much faster-than-expected pace in the third quarter. Hassett, a leading contender to succeed Federal Reserve Chair Jerome Powell when his term ends in May, said the artificial intelligence…
Europe is pressing ahead with plans to ban Russian gas imports by the end of 2027, effectively capping Moscow’s energy future in the region and leaving a bevy of stranded assets in its wake. The dual Nord Stream 1 and 2 subsea pipelines were early casualties of Russia’s invasion of Ukraine, with the infrastructure being…
Dominion Energy’s wind turbines located 27 miles off of Virginia Beach in the Atlantic Ocean on July 17, 2023. Kendall Warner | Virginian Pilot | Getty Images The Trump administration on Monday halted Coastal Virginia Offshore Wind, the largest project of its kind in the U.S., as well as four other wind farms on the…
People observe an area affected by a blackout that hit about 130,000 residents, according to the Pacific Gas and Electric Company, in San Francisco on Dec. 21, 2025. Carlos Barria | Reuters Alphabet-owned Waymo has suspended its driverless ride-hail service in the San Francisco Bay Area after blackouts plagued the city Saturday afternoon. “We have…
President Donald Trump‘s social media company will provide the capital needed to bring TAE Technologies‘ first fusion power plant online in the United States by 2031, TAE CEO Michl Binderbauer told CNBC on Thursday. Binderbauer spoke shortly after his privately held company and Trump Media and Technology Group announced plans for an all-stock merger valued…
Wall Street analysts have increasingly jumped on the GE Vernova bandwagon during a volatile week for the stock and the broader artificial intelligence trade. Jim Cramer urged caution. Shares of the energy equipment maker rose more than 4.5% on Thursday after plunging 10.5% in the prior session as stocks tied to AI data centers were…
Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a privately held fusion power company, valued at more than $6 billion. The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company. Trump Media shares — which have plummeted…
British oil giant BP has appointed Woodside Energy boss Meg O’Neill as its next CEO, replacing Murray Auchincloss after less than two years in the role. Auchincloss will step down today, with Carol Howle, BP’s executive vice president for supply, trading and shipping set to serve as interim CEO until O’Neill takes over the role…
Coinbase is making its biggest push yet to reposition itself as a mainstream trading and financial platform, moving beyond crypto and into the broader retail investing stack as competitors show there’s real money in always-on engagement products. The digital asset exchange announced Wednesday that it’s rolling out a major slate of new products designed to…
Big Tech heavy hitters such as OpenAI, Meta, and Microsoft are pushing for Congress to advance legislation to reform the process for obtaining federal permits for projects to build out artificial intelligence infrastructure in the United States. Backers of the bill, the SPEED Act, argue it is key to helping the U.S. beat out China…
