A worker inspects the outdoor gas pipes at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic, on Friday, Jan. 3, 2025.Bloomberg | Bloomberg | Getty ImagesThe International Energy Agency’s latest outlook signals that oil demand could keep growing through to the middle of the century, reflecting a sharp tonal shift from the world’s energy watchdog and raising further questions about the future of fossil fuels.In its flagship World Energy Outlook, the Paris-based agency on Wednesday laid out a scenario in which demand for oil climbs to 113 million barrels per day by 2050,…
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CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images)Daniel Leal | Afp | Getty ImagesElon Musk has been pushing hard for companies to exit Delaware and reincorporate elsewhere, following the lead of his companies Tesla and SpaceX. Coinbase became the latest to take the leap, announcing this week that it was moving its state of incorporation to Texas from Delaware.Despite Musk’s proclamation that “Delaware…
A member of staff walks beneath a trading board at the London Stock Exchange on April 25, 2025 in London, England.Carl Court | Getty Images News | Getty ImagesEuropean stocks closed sharply lower on Friday as concerns about an artificial intelligence bubble and the global economy shook investor confidence.The pan-European Stoxx 600 ended the session more than 1% down, with all of the region’s major bourses closing sharply lower.The regional Stoxx Technology index fell 1.4%, tracking losses on Wall Street the previous day that saw Big Tech stocks battered in a broad sell off.In Europe, Infineon, down 1.6%, SAP, down…
These are some of the stocks posting the largest moves in premarket trading. Source link
Seth Klarman’s Baupost Group bet big on Restaurant Brands International shares in the third quarter as the fast-food stock slipped. The billionaire hedge fund manager more than doubled his stake in the Burger King and Popeyes parent, regulatory fillings show. Restaurant Brands was the biggest holding in the Boston-based fund at just shy of $530 million, according to InsiderScore. Shares of the quick-service restaurant stock lost more than 3% in the three-month period, bucking the broader market’s uptrend with the S & P 500 gaining almost 8% in the same timeframe. Klarman is known for buying discarded and undervalued stocks…
CNBC’s Eamon Javers with a defense report from the White House. Source link
Texas Gov. Greg Abbott and Alphabet and Google CEO Sundar Pichai arrive to speak at the Google Midlothian Data Center on Nov. 14, 2025 in Midlothian, Texas.Ron Jenkins | Getty ImagesAlphabet’s Google said on Friday it would invest $40 billion in three new data centers in Texas through 2027, as the company accelerates efforts to expand capacity for supporting its artificial intelligence ambitions.Technology giants, including Alphabet, Microsoft and Meta Platforms have been pouring unprecedented sums into infrastructure to secure computing power and energy capacity needed to sustain the AI boom.One of the data centers will be in Armstrong County, in the Texas panhandle, and the other two…
U.S. White House economic adviser Kevin Hassett speaks in front of a TV camera at the White House in Washington, D.C., U.S., November 13, 2025. Kevin Lamarque | ReutersBack pay owed to federal workers for the time they were furloughed during the government shutdown is expected to land in their bank accounts early next week, White House economic advisor Kevin Hassett said Thursday.”There really has been an aggressive effort to get people to get their checks as soon as possible,” Hassett told reporters, a day after President Donald Trump signed a short-term funding bill that allowed the government to reopen…
Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg | Bloomberg | Getty ImagesBritish government bond yields rose sharply on Friday following reports Finance Minister Rachel Reeves is no longer planning to raise income tax rates in the Autumn Budget later this month.The yield on the benchmark 10-year gilt initially rose around 13 basis points in early trade, but was last around 7 basis points higher at 4.51%. Yields on the long term 20- and 30-year gilts were last seen 8.5 and 9 basis points higher, respectively. Yields and prices move…
Anton Petrus | Moment | Getty ImagesGovini has fired Eric Gillespie from its board of directors after the founder was charged with attempting to solicit sexual contact with a minor online.”The actions of one depraved individual should not in any way diminish the hard work of the broader team and their commitment to the security of the United States of America,” the defense software startup said in a release late Wednesday.The company said the 57-year-old had no access to classified information since he stepped down as CEO nearly ten years ago.On Monday, the Pennsylvania Attorney General’s Office charged Gillespie with…
