Club holding Halliburton (HAL) reported stronger-than-expected first-quarter results before the bell Tuesday, validating our investment in the oilfield services company as it capitalizes on years of underinvestment in drilling capacity. Total revenue rose 33% year over year to $5.68 billion, topping analyst expectations of $5.5 billion, according to Refinitiv. Earnings per share (EPS) more than
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Chamath Palihapitiya Olivia Michael | CNBC Tech investor Chamath Palihapitiya, who said two years ago that bitcoin has replaced gold and predicted the digital currency would climb to $200,000, has a much more cautious view on cryptocurrencies these days. “Crypto is dead in America,” Palihapitiya said in the latest episode of the All-In podcast. Palihapitiya
In this article BLK Follow your favorite stocksCREATE FREE ACCOUNT Climate activists with Stop the Money Pipeline hold a rally in New York City to urge companies to end their support for the proposed Line 3 pipeline project and stop funding fossil fuels and forest destruction, April 17, 2021. Erik McGregor | LightRocket | Getty
In this article BRK.B BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Siemens wind turbines operate on a wind farm in Marshalltown, Iowa, where many of Berkshire’s first big renewable investments were made over the past decade as the former MidAmerican Energy under now-Berkshire Energy was well situated in one of the nation’s top wind corridors.
My top 10 things to watch Friday, April 21 1. Truist downgraded Tesla (TSLA) to hold from buy, while lowering its price target to $154 per share, from $245. The firm cited the electric vehicle maker’s “brazen willingness to accept lower product margins.” Meanwhile, Barclays lowered its price target on Tesla to $220 per share,
The chief executive of British power firm SSE says a rapid build-out of renewable projects can help the U.K. to secure its energy security and bring costs down for consumers. “Consumers everywhere across Europe have seen prices rise significantly,” SSE CEO Alistair Phillips-Davies told CNBC’s Arabile Gumede from the firm’s Viking Wind Farm in the
16 April 2023, Baden-Württemberg, Neckarwestheim: The Neckarwestheim nuclear power plant. The era of commercial power generation with nuclear power plants in Germany came to an end on Saturday with the separation of the Isar 2, Neckarwestheim and Emsland nuclear power plants from the power grid. Picture Alliance | Picture Alliance | Getty Images As of
Russian President Vladimir Putin. Germany and other EU countries are looking to sanction Russian nuclear energy. Contributor | Getty Images News | Getty Images Germany, Poland and a few other EU nations are pushing for sanctions on Russian nuclear energy, as the bloc looks at new ways to hurt the Kremlin’s revenues amid Moscow’s invasion
We’re buying 150 shares of Coterra Energy (CTRA), at roughly $25.43 each. Following Wednesday’s trade, Jim Cramer’s Charitable Trust will own 1,150 shares of CTRA, increasing its weighting in the portfolio to 1.1% from 0.95%. We’re finally redeploying some of the “energy funds” we raised when we exited our Devon Energy position earlier this month.
In this article PEP Follow your favorite stocksCREATE FREE ACCOUNT Swedish electric vehicle maker Einride will supply two of its heavy-duty trucks to PepsiCo as part of an expansion into the U.K. Einride Swedish electric vehicle manufacturer Einride has signed a deal with PepsiCo to supply electric trucks that would transport Walkers chips in the
flames burn on a natural gas-burning stove. Scott Olson | Getty Images A federal appeals court ruled Monday that Berkeley, California, cannot enforce a ban on natural gas hookups in new buildings, saying a U.S. federal law preempts the city’s regulation. The ruling from the 9th U.S. Circuit Court of Appeals in San Francisco was a
In this article GE Follow your favorite stocksCREATE FREE ACCOUNT MOUNT STORM, WEST VIRGINIA – AUGUST 22: Turbines from the Mount Storm Wind Farm stand in the distance behind the Dominion Mount Storm power station August 22, 2022 in Mount Storm, West Virginia. The wind farm includes 132 2-megawatt Gamesa G80 wind turbines along 12
Pembrokeshire, Wales was one of the areas recognized by the British Geological Survey to be prospective for critical raw materials. Matthew Horwood | Getty Images News | Getty Images Several large swathes of the U.K. on Monday were identified as prospective sites to search for critical raw materials, reflecting the country’s push to deliver a
In this article ENGI-FR AOMD-DE ALO-FR TSLA DTG-DE Follow your favorite stocksCREATE FREE ACCOUNT This image, from June 2022, shows a GenH2 Truck prototype being tested at a facility in Germany. Uwe Anspach | Picture Alliance | Getty Images Last year, a truck undertook a series of journeys across the Brenner Pass, a high-altitude route
Sales of the sub-$30,000 Chevy Bolt, being assembled here in Orion Township, Michigan, allowed GM to recently pass Ford as a distant No. 2 behind Tesla in EVs. Joe White | Reuters From the headlines, car buyers might think the most important force driving down the cost of electric vehicles is the $7,500 tax credit
The headquarters of the European Central Bank (ECB) pictured on February 03, 2022 in Frankfurt, Germany. Thomas Lohnes | Getty Images News | Getty Images Germany’s energy worries are over and Europe’s largest economy has the “inherent strength” to recover from the dual shocks of the pandemic and the war in Ukraine, according to Bundesbank
In its latest monthly oil market report, the IEA said the energy alliance’s self-described “precautionary move” was likely to spell bad news for consumers at a time of heightened economic uncertainty. Hussein Faleh | Afp | Getty Images The International Energy Agency on Friday warned surprise oil output cuts from the OPEC+ producer group risk
Swimming pools and the irrigation of gardens require significant amounts of water. Tom Merton | Ojo Images | Getty Images The unsustainable consumption of the rich — including the use of swimming pools, garden irrigation and washing cars — is a key driver of urban water crises, according to a new study that calls for
Bob Lee, the chief product officer at MobileCoin, who was killed Apr. 4, 2023. Source: MobileCoin San Francisco supervisor Aaron Peskin tells CNBC that an arrest has been made in the April 4 fatal stabbing of Cash App founder Bob Lee. Earlier on Thursday, local San Francisco news outlet Mission Local reported that police went
G-7 nations have so far decided not to revise their cap on Russian oil. Anton Petrus | Moment | Getty Images The Group of Seven advanced economies is not expected to update its price cap on Russian oil in the coming weeks amid contrasting views on whether the policy is truly denting the Kremlin’s revenues.
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