In this article HYMPF An XCIENT Fuel Cell truck photographed in South Korea on Nov. 10, 2021. A number of firms in the trucking sector are exploring ways to develop vehicles that use hydrogen. SeongJoon Cho | Bloomberg | Getty Images Hyundai Motor Company is to export 27 of its XCIENT Fuel Cell trucks to
Environment
21 July 2022, Bavaria, Essenbach: Water vapor rises behind sunflowers from the cooling system of the nuclear power plant (NPP) Isar 2. Picture Alliance | Picture Alliance | Getty Images Nuclear energy is at an inflection point. Early exuberance about its potential was undercut by a series of devastating and dangerous accidents at Three Mile
People photographed in Lower Saxony, Germany, on July 19, 2022. A number of European countries were affected by a heatwave last month. Julian Stratenschulte | Picture Alliance | Getty Images It’s been called a “global emergency that goes beyond national borders” and described as “the biggest threat to security that modern humans have ever faced.”
In this article MSTR MicroStrategy‘s Michael Saylor is leaving his role as CEO to become Executive Chairman of the company, according to a statement released by the company on Tuesday afternoon. The company’s president, Phong Le, will take the reins from Saylor. Saylor has been in the role of chief executive since launching the company
Russian President Vladimir Putin attends a meeting with parliamentary leaders in Moscow, Russia July 7, 2022. Aleksey Nikolskyi | Sputnik | Reuters Russia is facing “economic oblivion” in the long-term because of international sanctions and the flight of businesses, several economists have said. The International Monetary Fund last week upgraded Russia’s gross domestic product estimate
Club holding Devon Energy (DVN) reported strong fiscal second-quarter results Monday. Total revenue of $5.63 billion crushed expectations of $4.21 billion. Adjusted diluted earnings of $2.59 per share were better than the $2.37 the Street was looking for. Devon Energy is scheduled to host its post-earnings conference call on Tuesday at 11 a.m. ET. As a
Europe is facing an unprecedented gas crisis. Picture Alliance | Picture Alliance | Getty Images Europe is facing an unprecedented energy crisis that’s pushing the economy closer into a recession and posing serious questions about the region’s climate change ambitions. CNBC takes a look at how Russia, led by President Vladimir Putin, is squeezing gas
Sen. Joe Manchin in the U.S. Capitol on Tuesday, June 14, 2022. Sen. Joe Manchin, D-W.Va., and his staff told Democratic leadership on Thursday that he’s not willing to support major climate and tax provisions in a sweeping Biden agenda bill, according to a Democrat briefed on the conversations. Tom Williams | Cq-roll Call, Inc.
In this article ENPH CTRA Getty Images The top eight S&P 500 stocks this year are all energy names. But one is unlike the others: Enphase Energy. The solar-focused company stands out amid the other seven gainers, all of which are oil and gas stocks. Occidental is the benchmark’s top performer this year, with shares
In this article XOM Exxon and Chevron posted record profits during the second quarter of 2022 as high commodity prices boosted operations, and as the oil giants kept spending in check. Chevron reported earnings of $11.62 billion during the three-month period, up from $3.08 billion during the second quarter of 2021. Exxon, meantime, posted second-quarter
PARIS — Celsius and Voyager Digital were once two of the biggest names in the crypto lending space, because they offered retail investors outrageous annual returns, sometimes approaching 20%. Now, both are bankrupt, as a crash in token prices — coupled with an erosion of liquidity following a series of rate hikes by the Federal
Club holding Chevron (CVX) reported strong quarterly results before the opening bell on Friday. The energy giant reported revenue of $68.76 billion, handily beating expectations of $59.42 billion. Adjusted earnings of $11.4 billion, or $5.82, per share for the quarter, exceeded the $5.06 per share consensus. Bottom line It was a very solid quarter from
Hanover will also reduce the times when heating is on in municipal buildings between October and March — excluding day care centers — convert all lamps to LED, ban mobile air conditioners, fan heaters or radiators, and install motion detectors in place of permanent lighting in public toilets, bicycle sheds, corridors and parking lots. Moritz
U.S. Senator Joe Manchin (D-WV) returns to a basement office meeting with other senators that included Kyrsten Sinema (D-AZ), Jon Tester (D-MT), Tim Kaine (D-VA) and Angus King (I-ME), (not pictured) at the U.S. Capitol in Washington, December 15, 2021. Elizabeth Frantz | Reuters Environmental groups reacted with surprise after U.S. Senate Democrats struck a deal
Senator Joe Manchin (D-WV) exits the U.S. Capitol following a vote, on Capitol Hill in Washington, February 9, 2022. Tom Brenner | Reuters Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Joe Manchin, D-W.V., on Wednesday unveiled a long-anticipated reconciliation package that would invest hundreds of billions of dollars to combat climate change and advance clean
In this article ENPH Workers install solar panels on the roofs of homes under construction south of Corona, California. The California Energy Commission in May 2018 adopted new energy building standards requiring solar panels for virtually all new homes built in the state starting in 2020. MediaNews Group/Inland Valley Daily Bulletin via Getty Images |
Europe has previously received around 45% of its annual gas supplies from Russia. Leonhard Foeger | Reuters Europe’s descent into an economic contraction looks to have been confirmed with Russia squeezing natural gas supplies to the bloc and heavy industry facing tough rationing in the coming months. Just days after Europeans breathed a sigh of
We’re selling 200 shares of Devon Energy (DVN) at roughly $59.23 each. Following Tuesday’s trade, Jim Cramer’s Charitable Trust will own 900 shares of DVN, decreasing its weighting in the portfolio to 1.82% from 2.21%. In-line with our prior commentary of paring down our energy exposure into strength so that we do not make the
Ukrainian president Volodymyr Zelenskyy speaks during a joint press conference with President of Guatemala Alejandro Giammattei on July 25, 2022 in Kyiv, Ukraine. Alexey Furman | Getty Images Major U.S. and European banks should be prosecuted for “committing war crimes” over their financing of trade with the Russian regime, according to a top aide to
The busiest earnings week of the summer is here — oh, and the Federal Reserve will announce its latest decision on interest rates Wednesday afternoon as the U.S. central bank tries tame the hottest inflation in four decades. Don’t forget the first look at second-quarter gross domestic product Thursday morning. That’s when we find out
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