Energy
Trump signs executive order establishing U.S. strategic bitcoin reserve
AI and Crypto Czar David Sacks speaks with President Donald J Trump as he signs executive orders in the Oval Office at the White House on Jan. 23, 2025 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images President Donald Trump signed an executive order on Thursday creating a Strategic Bitcoin Reserve, […]
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Europe’s battle for power spurs evolution of a new ecosystem for energy-hungry firms
Electric grid is seen in Krakow Poland as Polish government lifts cup in electricity prices what is expected to rise inflation once more – January 18,2025. Poland has one of the highest inflations in Europe. (Photo by Dominika Zarzycka/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images The boom in artificial intelligence, a pressing […]
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Pro-Trump techies enraged by president’s crypto reserve announcement, causing early rift
David Sacks, U.S. President Donald Trump’s “AI and Crypto Czar”, speaks to President Trump as he signs a series of executive orders in the Oval Office of the White House on Jan. 23, 2025 in Washington, DC. Anna Moneymaker | Getty Images The Trump-tech alliance is showing its first real sign of distress. And it’s […]
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Saudi oil giant Aramco posts drop in full-year profit, slashes dividend
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi state oil producer Aramco reported on Tuesday a decline in net profit to $106.2 billion in 2024, down from $121.3 billion in 2023. The […]
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Power stock at the center of the AI trade is fading as impatient investors await a data center deal
Investors are questioning the artificial intelligence trade that sent power stocks soaring last year, as the company viewed as best positioned to strike a data center deal still has not signed an agreement. Vistra Corp. was a darling of the S & P 500 in 2024, more than tripling in value to become one of […]
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Block’s 30% plunge in February leads fintech selloff, while Stripe shows benefit of staying private
Patrick Collison, chief executive officer and co-founder of Stripe Inc., left, smiles as John Collison, president and co-founder of Stripe Inc., speaks during a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. Bloomberg | Bloomberg | Getty Images Stripe has once again shown why sometimes it’s better to […]
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Trump plan to freeze funding stymies Biden-era energy rebates for consumers
Key Points Some states like Arizona, Colorado, Georgia and Rhode Island have delayed phases of their Home energy Rebate programs for consumers who make their homes more energy efficient. They cited a White House freeze on federal funding that conflicts with President Donald Trump’s agenda. The rebate programs, created by the Inflation Reduction Act, aim […]
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Block’s Bitkey rolls out bitcoin inheritance fix for ‘multibillion-dollar problem waiting to happen’
Jack Dorsey, co-founder of Twitter Inc., speaks during the Bitcoin 2021 conference in Miami, Florida, U.S., on Friday, June 4, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images For over a decade, bitcoin has been lauded as a revolutionary financial asset — decentralized, self-sovereign and resistant to confiscation — all contributing to an astronomical […]
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PayPal lays out strategy for Venmo to reach $2 billion in revenue in 2027
Justin Sullivan | Getty Images At PayPal‘s first investor day in four years, CEO Alex Chriss will deliver a clear message to shareholders: Venmo isn’t just an easy way to split the dinner tab. Chriss, who took the helm in September 2023, is trying to spur a turnaround at the payments company, and Venmo is […]
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Crypto exchange Bybit says it fully replenished reserves after record $1.5 billion hack
Jakub Porzycki | Nurphoto | Getty Images Bybit said it replenished its reserves following a $1.5 billion hack last week, the largest in the history of the crypto industry. In less than 72 hours, Bybit pieced together hundreds of thousands of ether tokens through a mix of emergency loans and large deposits. While the rapid […]
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