Energy
Former FTX exec Ryan Salame’s romantic partner indicted on campaign finance crimes
Michelle Bond, CEO of Digital Futures. CNBC Convicted former FTX executive Ryan Salame’s domestic partner Michelle Bond has been indicted in New York on federal charges accusing her of conspiring to raise unlawful campaign contributions from FTX for her unsuccessful run for Congress in 2022, prosecutors announced Thursday. Manhattan U.S. Attorney Damian Williams claims that […]
Read More
Trump promotes family’s new crypto platform, ‘The Defiant Ones’
Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. Kevin Wurm | Reuters Former president Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, “The DeFiant Ones” to his 7.5 million followers on Truth Social. “For too long, the average […]
Read More
Former FTX exec Ryan Salame seeks to void guilty plea, says feds reneged on deal to end probe of his partner
Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., exits federal court in New York, US, on Tuesday, May 28, 2024. Yuki Iwamura | Bloomberg | Getty Images Ryan Salame, a former top lieutenant at FTX under founder Sam Bankman-Fried, asked a judge to void the deal he reached with the government and his […]
Read More
How the Inflation Reduction Act sparked a manufacturing and clean energy boom in the U.S.
Monica Muñoz, top, and Denise Denning place black encapsulation material on solar panels at Elin Energys solar panel manufacturing facility on Thursday, April 25, 2024 in Brookshire. Brett Coomer | Hearst Newspapers | Getty Images The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, […]
Read More
Replacing China in copper supply chain is ‘unfeasible,’ warns WoodMac, as the West seeks shift
A worker tying copper wire rods before loading them onto a truck in Huai’an, in China’s Jiangsu Province. Vcg | Visual China Group | Getty Images Western countries seeking to diversify away from China’s dominance in copper could delay the energy transition besides raising costs, while its complete replacement would be ‘unfeasible,’ according to Wood […]
Read More
U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs
A man waves a Venezuelan flag as demonstrators clash with police officers during a protest against President Nicolas Maduro’s government in Caracas on July 29, 2024, a day after the Venezuelan presidential election. Protests erupted in parts of Caracas Monday against the re-election victory claimed by Venezuelan President Nicolas Maduro but disputed by the opposition […]
Read More
Goldman Sachs jumps into bitcoin ETFs while rivals retreat, and one hedge fund gets bullish on miners
When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts. On Wednesday, banks and hedge funds with more than $100 million […]
Read More
Here’s the deflation breakdown for July 2024 — in one chart
Key Points The inflation rate has throttled back significantly from its pandemic-era highs. Some areas of the U.S. economy have experienced deflation. Their prices have declined. They include prices for physical goods like cars and trucks, clothing, furniture, as well as other categories like airline fares and some food items. Source
Read More
Schumer says a crypto bill can pass Senate this year; key Dems join ‘Crypto4Harris’ call
US Senate Majority Leader Chuck Schumer presents US Vice President Kamala Harris with a “golden gavel” after she cast her 32nd tie-breaking vote in the Senate, the most ever cast by a Vice President, at the US Capitol in Washington, DC, December 5, 2023. Saul Loeb | AFP | Getty Images Senate Majority Leader Chuck […]
Read More
Tech companies want nuclear power. Some utilities are throwing up roadblocks
A cooling tower at the Constellation Nine Mile Point Nuclear Station in Scriba, New York, US, on Tuesday, May 9, 2023. Lauren Petracca | Bloomberg | Getty Images Tech companies are increasingly looking to directly connect data centers to nuclear plants as they race to secure clean energy to power artificial intelligence, sparking resistance from […]
Read More