The Stripe logo on a smartphone with U.S. dollar banknotes in the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed. The payments company, valued at about $70 billion in the private markets, still
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U.S. President Donald Trump signs documents as he issues executive orders in the Oval Office at the White House on Inauguration Day in Washington, U.S., Jan. 20, 2025. Carlos Barria | Reuters U.S. crude oil fell more than 2% on Tuesday, as President Donald Trump weighs imposing tariffs on key trade partners while vowing to
Snoop Dogg was the lead act at the first-ever Crypto Inaugural Ball held in Washington on Friday evening MacKenzie Sigalos As the crypto industry celebrates the arrival of a new administration in Washington, D.C., nobody is taking quicker advantage of the coming changes than the person leading the charge: President Donald J. Trump. On Friday
The Rio Tinto Group logo atop Central Park tower, which houses the company’s offices, in Perth, Australia, on Friday, Jan. 17, 2025. Bloomberg | Bloomberg | Getty Images The mining sector appears poised for a frantic year of dealmaking, following market speculation over a potential tie-up between industry giants Rio Tinto and Glencore. It comes
Republican presidential nominee and former U.S. President Donald Trump speaks during a visit to Alro Steel manufacturing plant in Potterville, Michigan, U.S. August 29, 2024. Brian Snyder | Reuters President-elect Donald Trump has vowed to declare a national energy emergency as soon as he takes office Monday, months after promising voters that he would cut
Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images Oil-linked shipping costs rallied after last week’s announcement of tighter U.S. sanctions to drain Russia’s war coffers, in a move that poses significant threats to Moscow’s maritime distribution chains. On Jan. 10, the U.S. Treasury Department announced fresh measures to
Russia’s President Vladimir Putin (R) speaks with India’s Prime Minister Narendra Modi (L) during a visit to the shipyard Zvezda, as Rosneft Russian oil giant chief Igor Sechin (C) accompanies them, outside the far-eastern Russian port of Vladivostok on September 4, 2019, ahead of the start of the Eastern Economic Forum hosted by Russia. Alexander
Barry Silbert, founder and chief executive officer of Digital Currency Group Inc., speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Thursday, May 9, 2019. Bloomberg | Bloomberg | Getty Images Digital Currency Group, the crypto firm founded by Barry Silbert, and the former executive of a defunct unit are paying
In this aerial view melting icebergs crowd the Ilulissat Icefjord on July 16, 2024 near Ilulissat, Greenland. Sean Gallup | Getty Images News | Getty Images Major ice loss from Greenland is exposing the island’s natural resources, inadvertently making some of the world’s largest untapped critical mineral reserves more accessible. Greenland, a vast but sparsely
Sam Ragsdale, Ryan Sproule, and Mason Hall have raised $10 million in a seed funding round co-led by Andreessen Horowitz’s crypto fund and Blockchain Capital. Sam Ragsdale Inside the Domino Sugar Refinery in Brooklyn, a 19th century landmark perched on the banks of the East River, three engineers have transformed 3,000 square feet of the
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-reduction exercise. “Today, we have today told staff across bp that
Aerial view of brine ponds and processing areas of the lithium mine of the Chilean company SQM (Sociedad Quimica Minera) in the Atacama Desert, Calama, Chile, on Sept. 12, 2022. Martin Bernetti | Afp | Getty Images RIYADH, Saudi Arabia – The energy minister of Saudi Arabia – the Gulf kingdom whose wealth and power
Southern California Edison did not detect any electrical anomalies from its equipment in the hours before the outbreak of the Eaton Fire in the Los Angeles area, the CEO of the utility’s parent company said Monday. Four transmission lines in the Eaton Canyon area showed no signs of interruptions or anomalies in the 12 hours
In this article GTEC Follow your favorite stocksCREATE FREE ACCOUNT An aircraft alledgedly carrying US businessman Donald Trump Jr. arrives in Nuuk, Greenland on January 7, 2025. Emil Stach | Afp | Getty Images U.S. President-elect Donald Trump‘s pursuit to acquire Greenland could well be motivated by critical minerals, with mining executives and researchers describing
In this article NUE X CLF Follow your favorite stocksCREATE FREE ACCOUNT Cleveland-Cliffs CEO Lourenco Goncalves CNBC Cleveland-Cliffs CEO Lourenco Goncalves said Monday he had a plan to buy U.S. Steel as he launched a tirade against Japan, calling the close U.S. ally “evil” during a press conference. “I want to buy,” Goncalves told journalists
Volkswagen U.S. assembly of all-electric ID.4 flagship in Chattanooga, Tennessee in 2022. Volkswagen The new Republican-majority Congress has wasted no time in making its energy priorities clear. Speaker of the House Mike Johnson said from the House floor minutes after his reelection, “We have to stop the attacks on liquefied natural gas, pass legislation to
A view of offshore oil and gas platform Esther in the Pacific Ocean on January 5, 2025 in Seal Beach, California. Mario Tama | Getty Images Oil prices jumped more than 4% on Friday, with global benchmark Brent breaking $80 per barrel for the first time since October on fears that tougher U.S. sanctions on
A Vestas wind turbine near Baekmarksbro in Jutland. Afp | Getty Images European wind power stocks tumbled Wednesday after President-elect Donald Trump said he would prevent the construction of new turbines. “We’re going to try and have a policy where no windmills are being built,” Trump told reporters at a press conference at his Mar-a-Lago
A view of offshore oil and gas platform Esther in the Pacific Ocean on January 5, 2025 in Seal Beach, California. Mario Tama | Getty Images President-Elect Donald Trump said Tuesday that he will reverse President Joe Biden‘s ban on offshore drilling along most of the U.S. coastline as soon as he takes office. “I’m
Gold bullions are displayed at GoldSilver Central’s office in Singapore June 19, 2017. Edgar Su | Reuters Global commodity prices are largely expected to fall in 2025 due to a sluggish global economic outlook and a resurgent dollar, but gold and gas prices are poised to rally this year, according to industry experts. Commodities had
We are selling 150 shares of Nextracker at roughly $41.65. Following the trade, Jim Cramer’s Charitable Trust will own 1,000 shares of NXT, decreasing its weighting to roughly 1.15% from about 1.35%. After a disappointing second half of 2024, shares of the solar technology provider have come storming back over the past few days, including
Tesla models Y and 3 are displayed at a Tesla dealership in Corte Madera, California, on Dec. 20, 2024. Justin Sullivan | Getty Images Electric vehicle-maker Tesla’s sales in China climbed to a record high last year. Sustaining that performance in 2025 could prove tricky as competition with homegrown players intensifies, analysts said. The U.S.
The bulls returned to Wall Street on Friday after a brief hiatus. In the week ahead, investors from all camps will focus on a series of labor market reports for clues on where the U.S. economy and stock market may go from here. The S & P 500 , Nasdaq Composite and Dow Jones Industrial
The NKT Victoria cable laying ship operates off the coast of Marske by the Sea as it lays cable as part of the Sofia Offshore Wind Farm project on August 17, 2024 in Marske By The Sea, United Kingdom. Ian Forsyth | Getty Images News | Getty Images U.S. President-elect Donald Trump on Friday called
Flow regulator valves at a natural gas measuring station in Moldova. Bloomberg | Bloomberg | Getty Images Moldova’s breakaway region of Transnistria has been thrust into a profound energy crisis following the termination of a five-year gas transit agreement between Russia and Ukraine. Hundreds of thousands of people in the mainly Russian-speaking territory of Transnistria
The Mitte Combined Heat and Power (CHP) natural gas power plant, operated by Vattenfall AB, in Berlin, Germany, on Wednesday, Jan. 1, 2025. Bloomberg | Bloomberg | Getty Images Ukraine halted the flow of Russian gas to several European countries on New Year’s Day, bringing an end to Moscow’s decades-long dominance over Europe’s energy markets.
In this article AMZN MSFT GOOGL META Follow your favorite stocksCREATE FREE ACCOUNT Data centers powering artificial intelligence and cloud computing are pushing energy demand and production to new limits. Global electricity use could rise as much as 75% by 2050, according to the U.S. Department of Energy, with the tech industry’s AI ambitions driving
Eaton proved to be something of an artificial intelligence dark horse in 2024 — riding the AI investment wave with best-in-class power management solutions. A big backlog of projects should keep the company busy for the foreseeable future. Year-to-date performance: up 40.2% Forward price-to-earnings multiple: 28.0 versus a five-year average of 22.3 Our rating: Hold-equivalent
Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images On the eve of MicroStrategy‘s stock market debut in June 1998, founder Michael Saylor stayed in a penthouse suite at
U.S. President-elect Donald Trump smiles at the crowd during the National Guard Association of the United States’ 146th General Conference & Exhibition at Huntington Place Convention Center on Aug. 26, 2024 in Detroit, Michigan. Emily Elconin | Getty Images News | Getty Images The fate of President Joe Biden’s landmark climate legislation, the Inflation Reduction
Jared Isaacman, Mission Commander, steps out of the manned Polaris Dawn mission’s “Dragon” capsule after it splashed down off the coast of Dry Tortugas, Florida, after completing the first human spaceflight mission by non-government astronauts of the Polaris Program. – | Afp | Getty Images President-elect Donald Trump’s pick to run NASA, Jared Isaacman, is
In this article OKLO Follow your favorite stocksCREATE FREE ACCOUNT Rendering of a proposed Oklo commercial advanced fission power plant in the U.S. Courtesy: Oklo Inc. Nuclear startup Oklo aims to deploy 12 gigawatts of power over the next two decades through a framework agreement with data center operator Switch, the companies announced Wednesday. Oklo
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. Wall Street was under pressure Tuesday. If the Dow closes lower, the 30-stock average would see its first nine-session losing streak since 1978 when Jimmy Carter was president. “I want
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