Energy
Caroline Ellison could face no jail time for role in FTX collapse
Caroline Ellison, former chief executive officer of Alameda Research LLC, center, arrives at court in New York, US, on Tuesday, Oct. 10, 2023. Yuki Iwamura | Bloomberg | Getty Images Caroline Ellison was the star witness in the criminal case against disgraced FTX founder Sam Bankman-Fried. On Tuesday, she will face her own sentencing. Ellison’s role […]
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This power company has outpaced Nvidia, could ink next nuclear deal after Three Mile Island
It is a watershed moment in the history of the U.S. nuclear industry. Constellation Energy plans to restart the Three Mile Island nuclear plant , with operations slated to resume in 2028 subject to approval by the Nuclear Regulatory Commission. Its stock has surged nearly 20% on the news. The deep pockets of Microsoft will […]
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Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI
Norma Field walks under power lines coming off of the nuclear plant on Three Mile Island (TMI), with the operational plant run by Exelon Generation, in Middletown, Pennsylvania. Andrew Caballero-Reynolds | AFP | Getty Images Constellation Energy plans to restart the Three Mile Island nuclear plant and will sell the power to Microsoft, demonstrating the […]
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Indian public sector firm NTPC’s green energy arm files for $1.2 billion IPO
This photograph taken on April 6, 2022, shows a general view of the National Thermal Power Corporation (NTPC) plant in Dadri. The mounds of jet-black coal shimmering under the afternoon sun at the Dadri power plant are a raw illustration of India’s coal dependence — a habit that despite increasing pressure, the country is finding […]
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Trump crypto event for World Liberty Financial offers few details so far
Around sixteen minutes into Republican former President Donald Trump’s “state of crypto” address on X, cryptocurrencies got their first mention. For over a month, the former president and his family have been pumping up a secretive Trump Organization crypto project, promising that it will do many things at once. Early descriptions suggest that “World Liberty […]
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Crypto spending on 2024 election hits $190 million, led by Winklevoss twins
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Joe Raedle | Getty Images Cameron and Tyler Winklevoss are the biggest individual crypto donors this election […]
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Bitcoin network hits record level of power, but falling profits push miners to AI
A bitcoin sign is seen in the main hall during the Bitcoin 2024 conference at Music City Center July 26, 2024 in Nashville, Tennessee. Jon Cherry | Getty Images It was a week of extremes for bitcoin enthusiasts. On the plus side, the cryptocurrency rose 12% in the past seven days and the network hash […]
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MicroStrategy stock pops 8% after company ups bitcoin holdings to $14.6 billion
Bitcoin is rising above $64,000, and MicroStrategy shares are soaring by 40% in three days in Suqian, Jiangsu Province, China, on February 29, 2024. CFOTO | Nurphoto | Getty Images MicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another $1.1 billion worth of bitcoin. The stock jumped […]
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How oil-rich Arkansas became a hotbed of lithium mining
The future of lithium production in the U.S. is gaining momentum in Arkansas, as companies like ExxonMobil, Albemarle, and Standard Lithium make significant investments in the state. This comes at a time when global demand for lithium, driven by electric vehicles and energy-storage needs, continues to grow. In 2023, global lithium consumption reached 180,000 metric […]
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Here’s the deflation breakdown for August 2024 — in one chart
Key Points Deflation, contrary to inflation, is when prices fall for certain goods and services. Deflation tends not to occur across the overall U.S. economy outside of recessions. However, consumer prices have fallen in some categories, such as cars, household furniture and appliances, airfare, and certain groceries since August 2023, according to the consumer price […]
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