Crude oil is back above $90 and energy stocks in the S&P 500 index are approaching fresh 52-week highs as the group’s year-to-date rally surpasses 40%. Despite energy stocks holding the title as the best-performing sector in the S&P 500 in 2026, options traders seem unconvinced the strength in conventional energy assets will continue. Instead,…
Inside one of Equinix’s internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | Getty Images The backlash against artificial intelligence data centers could prove a tailwind for real estate investment trusts in the sector. Protests have sprung up nationally as hyperscalers look to build…
Goodbye, summer. With Labor Day marking the unofficial end of summer, traders and portfolio managers will return from vacations and be back at their desks in full force. Portfolios tend to see some house-cleaning adjustments. Trading volumes pick up. Midterm elections are also on the horizon this year, which can add volatility in the run-up…
At a July protest against data centers in Lubbock, Texas, state Agriculture Commissioner Sid Miller took the microphone to share his concerns about data center land grabs in his home state. But what he said could apply to what’s happening in dozens of states across the U.S. “When [data centers] first started popping up, nobody…
ATU Images | The Image Bank | Getty Images Sugar is getting a lot less sweet for buyers. Sugar prices surged 21.5% in August, marking its strongest monthly gain since October 2010, when it rose 24%. The United Nation’s Food and Agriculture Organization Food Price Index also rose in August amid broad-based increases, led by…
Signage is seen outside of the Commodity Futures Trading Commission headquarters in Washington, Aug. 30, 2020. Andrew Kelly | Reuters The White House has vetted candidates for the four open commissioner positions at the Commodity Futures Trading Commission, three people with knowledge of the matter told CNBC. When — or if — the White House…
A drill rig stands at a Fervo Energy geothermal site under construction near Milford, Utah, Nov. 26, 2023. Ellen Schmidt | AP MILFORD, Utah — Deep in the Utah desert, down miles of gravel roads and hours from a major city, Fervo Energy bets it can economically harness heat from the Earth’s core for power,…
Fg Trade | E+ | Getty Images On a recent weekend, Jami Hagerman embarked on the budget-vacation equivalent of a blind date. The hairstylist and her husband spent about $400 on Groupon “mystery vacation” vouchers that promised accommodations and airfare for the pair — but no say in the destination. The Oklahoma City residents were…
The trendy Hillcrest neighborhood of San Diego, California, was the backdrop for violent acts and hate crimes. Business owners had enough. The Hillcrest Business Association‘s members in 2024 began paying a third-party service around $400,000 annually for eight hours of unarmed security guard patrol each day. The association plans to add about $150,000 to the…
Bitcoin headed for its third straight winning week, as traders searched for refuge amid volatile moves in equities, currencies and bond markets. The token is also up 4.6% week to date and hit a high of $82,272.31 overnight. That marks its highest level since May 11, when bitcoin peaked at $82,499.99. It last traded at…
