Energy
Oil giant Shell launches another $3.5 billion share buyback as profit beats expectations
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil major Shell on Thursday reported stronger-than-expected third-quarter profit, citing robust operational performance and higher trading contributions. Shell posted adjusted earnings of $5.4 billion for the quarter, beating analyst expectations of […]
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Why bitcoin miner CleanSpark beat Microsoft for Wyoming AI data center deal, and what it means for crypto mining’s future
CleanSpark, a Las Vegas based bitcoin miner, is moving into artificial intelligence, beginning to develop AI data centers alongside its crypto-mining business. The company’s CEO laid out details of the recently announced strategy on CNBC’s “Crypto World” this week, and why it’s likely to become core to the business models of more crypto mining companies. […]
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Mining execs embrace ‘phenomenal’ rare earths interest from the Middle East
Guests enjoy the Fortune Global Forum 2025 Gala Dinner on October 26, 2025 at Diriyah Gate, Riyadh, Saudi Arabia. Cedric Ribeiro | Getty Images Entertainment | Getty Images Mining executives have welcomed a sharp upswing in investor interest from the Middle East, as Gulf states seek to expand their critical mineral ambitions and take on […]
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Google and NextEra to revive major Iowa nuclear facility as AI energy demand surges
Stock photo of a nuclear power plant. Larry Lee Photography | Corbis | Getty Images Google and American electrical utility giant NextEra Energy announced a partnership Monday to revive Iowa’s only nuclear power plant to meet growing low-carbon energy demand from artificial intelligence The Duane Arnold Energy Center, which closed in 2020, could begin operating […]
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Rare earth stocks tumble as U.S. expects China to delay export controls
In an aerial view, a container ship sits docked at the Port of Oakland on October 10, 2025 in Oakland, California. Justin Sullivan | Getty Images News | Getty Images Shares of several U.S.-listed rare earth miners fell on Monday as U.S. officials said they expect China to delay introducing export controls on critical minerals […]
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Saudi Arabia poised to become AI data center hub, says Groq CEO
Saudi Arabia is primed to become a hotspot for artificial intelligence infrastructure thanks to its surplus in energy, according to Groq CEO Jonathan Ross. The Middle Eastern country is known for its vast energy resources and that’s leading major technology firms to announce infrastructure deals in the region. It is also part of the kingdom’s […]
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What a cut in Reliance’s Russian crude purchases would mean for India
The Reliance Industries Ltd. oil refinery in Jamnagar, Gujarat, India, on Saturday, July 31, 2021. Bloomberg | Bloomberg | Getty Images India’s largest private oil refiner Reliance Industries is reportedly halting purchases of Russian crude, following the U.S.’ decision to sanction Russia’s two largest oil companies, Rosneft and Lukoil. Reliance has become a major buyer […]
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Google and Anthropic announce cloud deal worth tens of billions of dollars
Anthropic and Google officially announced their cloud partnership Thursday, a deal that gives the artificial intelligence company access to up to one million of Google’s custom-designed Tensor Processing Units, or TPUs. The deal, which is worth tens of billions of dollars, is the company’s largest TPU commitment yet and is expected to bring well over […]
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Trump White House ballroom financed by Big Tech and these other corporate donors
U.S. President Donald Trump speaks holding a photos of the new ballroom during a meeting with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC on October 22, 2025. Salwan Georges | The Washington Post | Getty Images Big Tech and other publicly traded companies are helping to […]
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EU targets Russian energy with new sanctions — and welcomes Trump’s major policy shift
A worker carries out maintenance tasks at the Eustream gas facility on February 25, 2025 in Velke Kapusany, Slovakia. Robert Nemeti | Getty Images News | Getty Images The European Union on Thursday launched a fresh round of sanctions against Russia for its war in Ukraine, joining the U.S. by targeting Moscow’s energy infrastructure. The package of measures, which […]
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