U.S. Sen. Martin Heinrich (D-NM) speaks to reporters after a roundtable on rising energy costs on Capitol Hill on March 17, 2026 in Washington, DC. Anna Moneymaker | Getty Images Sen. Martin Heinrich will introduce a bill, shared exclusively with CNBC, to end tax breaks for U.S. oil and gas companies that operate overseas while…
The billionaire founder of Rockstar Energy has purchased millions of shares of Celsius Holdings and is calling for the ouster of that company’s CEO after its earnings miss this week. Russ Savage now controls more than 12 million shares of Celsius, he told CNBC. Celsius markets its energy drinks to athletes and other health-conscious consumers…
Firefighters conduct works to extinguish wildfires in Agia Paraskevi, West Attica, Greece on August 1, 2026. Anadolu | Anadolu | Getty Images As wildfires, heatwaves, and extreme weather are becoming a permanent feature of European summers, insurers warn that the region faces a growing “protection gap” as disaster recovery costs outpace insurance coverage. A gigantic…
Venture capital investor John Doerr during an interview on an episode of “Bloomberg Wealth with David Rubenstein” in Stanford, California, July 22, 2022. David Paul Morris | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign…
An aerial view shows a former eel fishing boat covered in dried mud among on low water among the banks of the river Rhine near Neuss, western Germany, on July 30, 2026, as the water level in the Rhine is falling to a record low following exceptionally hot weather. Ina Fassbender | Afp | Getty…
Firefighters and Hellenic Civil Protection personnel battle advancing flames during a wildfire near Agios Nektarios in Western Attica, Greece, as firefighting operations continue under difficult conditions. Nick Paleologos | Afp | Getty Images Greece is entering its second week of wildfires spread by extreme winds as more countries in Southern Europe battle with heatwaves. The…
Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026, in South Pasadena, California. Mario Tama | Getty Images Prices for used electric vehicles are doing something unusual — and the dynamic poses both good and bad news for consumers, according to automotive experts. Generally, used car prices depreciate over time. Indeed, as…
On the Eurostar platform at St Pancras International station in London, Great Britain, on 1 November 2025. Stephane Mouchmouche | Afp | Getty Images Gripped by drought, raging wildfires and a summer of weather extremes, countries across Europe are scrambling to address the widely underestimated climate challenge of extreme heat. Supercharged by the climate crisis,…
Vessels transiting through the Gulf of Oman are pictured off the coast of Muscat on July 25, 2026. – | Afp | Getty Images ExxonMobil and Chevron on Friday reported second-quarter profits that surged on rising oil prices due to the Iran war. Chevron’s net income soared to $12 billion, a nearly 400% increase compared…
Amazon reported better-than-expected revenue and cloud growth for the second quarter. The stock shot up more than 9% in extended trading. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share: $5.75 a share. That may not compare with the $1.82 per share expected by LSEG Revenue: $200.61 billion…
