Energy
Justin Sun’s Tron to go public through reverse merger in deal led by Trump-linked bank
Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, May 8, 2020. Calvin Sit | Bloomberg | Getty Images Justin Sun’s crypto company Tron is set to hit the public market through a reverse merger with a manufacturer of custom toys and souvenirs for the world’s biggest theme parks. SRM […]
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Markets are shrugging off the Israel-Iran conflict. Some strategists warn of complacency
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images Global investors may be underpricing the impact of a conflict between Israel and Iran, market watchers warned on Monday, as stocks rallied despite escalating warfare […]
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Israel vows Iran will ‘pay the price’ as attacks continue for a fourth day
Trails of Iranian ballistic missiles light up the night sky as seen from Gaza City during renewed missile strikes launched by Iran in retaliation against Israel on June 15, 2025. Anadolu | Anadolu | Getty Images Tehran will “pay the price” for its fresh missile onslaught against Israel, the Jewish state’s defense minister warned Monday, […]
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Trump approves U.S. Steel merger with Japan’s Nippon after companies sign national security agreement
US President Donald Trump receives a gold helmet with his name on it during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025, to mark the ‘partnership’ between Nippon Steel and US Steel. Saul Loeb | AFP | Getty Images President Donald Trump issued an executive order on Friday […]
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Iran launches 100 drones at Israel in response to missile attack as markets reel
Traffic flows on a highway in the Iranian capital Tehran on June 13, 2025 following reported Israeli strikes targeting Iran early in the morning. AFP | Getty Images DUBAI, United Arab Emirates — Iran launched more than 100 drones toward Israeli territory Friday morning after Israel’s overnight missile strike on the country killed at least […]
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An Israeli attack on Iran could send oil prices above $100 as tensions mount
Beset by near-universal bearish outlooks just a month ago, oil prices could spike to more than $100 a barrel in the event of an Israeli attack on Iran, some analysts are warning. Crude prices spiked as much as 5% overnight — before paring gains — on fears of military escalation between Iran and Israel as […]
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Chime opens at $43 in Nasdaq debut after pricing IPO above expected range
CEO of Chime, Chris Britt, center right, rings the opening bell during the company’s initial public offering at the Nasdaq MarketSite on June 12, 2025 in New York City. Andres Kudacki | Getty Images Chime opened at $43 in its Nasdaq debut on Thursday after selling shares at $27 each in an IPO that valued […]
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Why uranium mining is having a resurgence in the United States
From about the 1960s to the mid-1980s, the United States was a leader in uranium mining. But domestic production of the mineral, which is primarily used as fuel for nuclear reactors, has since fallen off a cliff. “A lot of this was because it was a government priority. And we strategically used government funding and […]
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BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets
BP logo is seen at a gas station in this illustration photo taken in Poland on March 15, 2025. Nurphoto | Nurphoto | Getty Images UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP‘s highly prized assets, as takeover speculation for the embattled energy major kicks into […]
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Chime prices IPO at $27 per share, valuing fintech company at $11.6 billion ahead of Nasdaq debut
Chime Visa Credit Card Source: Chime Chime priced its IPO at $27 per share on Wednesday, above the expected range, in an offering that values the provider of online banking services at $11.6 billion The company raised roughly $700 million in the IPO, with another $165 million worth of shares being sold by existing investors. […]
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