Technology
Exxon is mining bitcoin in North Dakota as part of its plan to slash emissions
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters ExxonMobil, the top oil and gas producer in the U.S., is piloting a project to mine bitcoin in North Dakota, according to people with knowledge of the matter. For over a year, Exxon has been working with Crusoe Energy Systems, a […]
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Google Fiber contractors in Kansas City are first to unionize under Alphabet Worker Union
A technician gets cabling out of his truck to install Google Fiber. George Frey | Reuters Google Fiber contractors in Kansas City, Missouri voted to unionize Friday, becoming the first workers with bargaining rights under the Alphabet Workers Union. The group of 10 full-time workers are employed by BDS Connected Solutions through Alphabet and work […]
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Treasury Secretary Yellen: The U.S. should have moved faster toward renewable energy
Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters Treasury Secretary Janet Yellen said on Friday the United States should have moved faster toward renewable energy sources and that, had we done so, the country […]
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Instacart slashes valuation by almost 40% to $24 billion after plunge in tech stocks
Instacart said it’s slashing its valuation by almost 40% to about $24 billion, to reflect this year’s selloff in technology stocks. The grocery delivery company was valued at $39 billion in March 2021, when it raised $265 million. That made Instacart one of the most valuable venture-backed companies in the U.S. However, with the Nasdaq […]
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‘MANGO:’ Bank of America thinks these chip stocks can do well despite investor concerns
Bank of America thinks these chip stocks can rally, even as investors grow increasingly concerned with rising inflation and ongoing supply chain bottlenecks. Source
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BP establishes partnership focused on offshore wind in Japan
An offshore wind turbine photographed in waters off the coast of Japan on October 4, 2013. Yoshikazu Tsuno | AFP | Getty Images BP has agreed to establish a strategic partnership with Japanese conglomerate Marubeni that will focus on offshore wind development and potentially look at “other decarbonisation projects, including hydrogen.” The agreement will see […]
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China’s EV makers could see a ‘shake down’ as they hike prices on rising material costs
Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images A slew of electric vehicle companies operating in China have been forced to raise the prices of their cars as the cost of raw materials shoot up. Some companies like […]
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Russia is considering selling its oil and gas for bitcoin as sanctions intensify from the West
Employees pass beneath pipes leading to oil storage tanks at the central processing plant for oil and gas at the Salym Petroleum Development oil fields near the Bazhenov shale formation in Salym, Russia. Andrey Rudakov | Bloomberg | Getty Images Faced with stiffening sanctions from Western countries over its invasion of Ukraine, Russia is considering […]
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The space-linked internet investing idea Bill Gates has backed since 1990s
Kymeta’s flat panel internet antenna is designed to offer connectivity in the most remote areas and the defense industry has been an early use case. Kymeta In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. Back in the 1990s, Bill Gates made a big […]
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Apple is reportedly preparing an iPhone subscription service that could launch this year
An employee arranges Apple iPhones as customer shop at the Apple Store on 5th Avenue shortly after new products went on sale in Manhattan, in New York City, March 18, 2022. Mike Segar | Reuters Apple is preparing a hardware subscription service for iPhones that could launch as soon as the end of this year, […]
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