Energy
Block bets on lending expansion after stock slump
In this photo illustration, the logo for the US tech firm “Block” is displayed and reflected in a number of digital screens on March 03, 2023 in London, England. Leon Neal | Getty Images With its stock down more than 30% this year and revenue growth slowing, Jack Dorsey’s Block is going bigger in lending. […]
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David Sacks sold $200 million in crypto-related holdings before taking White House job, ethics memo says
U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters David Sacks, the Trump administration’s AI and crypto czar, sold over $200 million worth of digital asset-related investments personally and through his firm, […]
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Communication is now even more important to getting renewable projects off the ground, experts say
(From left) CNBC’s Steve Sedgwick moderates an IoT panel with Cenk Alper, CEO of Sabanci Holding, Christina Shim, chief sustainability officer of IBM, and Mitesh Patel, interim CEO and COO of SunCable International, at CONVERGE LIVE on March 13, 2025. Renewable energy companies can shorten the long approval process needed for their projects by communicating […]
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Toast, Shift4 lead drop in fintechs as investors exit stocks tied to consumer spending
A screen displays the company logo for Toast Inc. during the company’s initial public offering at the New York Stock Exchange in New York City on Sept. 22, 2021. Brendan Mcdermid | Reuters Economic concerns are hitting the stock market broadly, but they’re having an outsized impact on fintech companies that are tied closely to […]
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Binance token rises following report that Trump family has discussed stake in the crypto exchange
The Binance logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Binance’s BNB token bucked the wider crypto downturn on Thursday, jumping 4% following a Wall Street Journal report that the Trump family has held talks to secure a financial interest in the U.S. arm of the world’s largest […]
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Crypto payments company MoonPay looks to compete with Stripe with Iron stablecoin acquisition
MoonPay co-founder and CEO Ivan Soto-Wright at the Bitcoin 2022 conference in Miami. MoonPay Crypto payments giant MoonPay is expanding its push into the enterprise market with the acquisition of Iron, an API-first stablecoin infrastructure startup. This marks MoonPay’s second significant acquisition in two months, underscoring its ambition to dominate the rapidly growing stablecoin payments […]
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French industrial giant Schneider Electric hails the significance of China’s ‘DeepSeek moment’
China’s so-called “DeepSeek moment” is likely to be good news in the global race to develop artificial intelligence models that can carry out more complex tasks, according to Jean-Pascal Tricoire, chairman of French power-equipment maker Schneider Electric. “I actually think its good news. We need AI at every level,” Tricoire told CNBC’s Steve Sedgwick at […]
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U.S. could reach deal with Canada that avoids oil and gas tariffs, energy secretary says
HOUSTON — The U.S. could reach an agreement with Canada that avoids tariffs on imports of oil, gas and other energy resources, Energy Secretary Chris Wright said Monday. Wright said such a scenario is “certainly is possible” but “it’s too early to say” in response to a question from CNBC during a press conference at […]
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Alphabet aims to slash cost of new nuclear with small reactor deployments, CIO says
Ruth Porat, President & Chief Investment Officer of Alphabet & Google, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | Reuters HOUSTON — Alphabet is aiming to slash the cost of building new nuclear reactors by deploying a series of small reactors through its deal with developer […]
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Trump’s first White House Crypto Summit has VIPs pushing for favorable laws
Brian Armstrong, CEO of Coinbase, slammed the U.S. Securities and Exchange Commission. He also said the cryptocurrency exchange is looking to invest more outside of the U.S. Carlos Jasso | Bloomberg | Getty Images Now that President Trump has announced plans for a Strategic Bitcoin Reserve, crypto industry leaders can focus on what else they […]
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