Environment

BRUSSELS — The European Union on Friday moved one step closer to establishing a cap on gas prices after several months of discussions, with Germany now conceding that the idea “makes sense.” The EU has been battling against an unprecedented energy shock stemming from Russia’s invasion of Ukraine. However, action thus far to curb gas

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 Friday’s key moments. Stocks rally Earnings move Club names Sticking with DHR 1. Stocks rally Stocks rallied Friday on the back of a Wall Street Journal report suggesting the Federal Reserve could potentially

As Europe struggles with a power shortage, Asia-Pacific’s power supply remains secure mainly because the region still uses a lot of coal, data has shown. With liquified natural gas supplies in the region redirected to Europe, power generators in Asia not only have less access to LNG but have had to opt out of buying

LONDON — British Prime Minister Liz Truss resigned Thursday, bringing to a close a brief 44-day tenure mired by “mini-budget” chaos, economic turmoil and weeks of political infighting. Speaking outside Downing Street, Truss said she had delivered her resignation to King Charles after meeting with Graham Brady, the leader of the Conservative Party’s 1922 Committee,

Prime Minister Liz Truss announces her resignation at 10 Downing Street on October 20, 2022 in London, England. Leon Neal | Getty Images LONDON — U.K. Prime Minister Liz Truss resigned Thursday following a failed tax-cutting budget that rocked financial markets and which led to a revolt within her own Conservative Party. Truss said in

Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters President Joe Biden announced $2.8 billion in grants for 20 companies to produce batteries for electric vehicles in

British Prime Minister Liz Truss departs 10 Downing Street for the weekly Prime Minister’s Questions (PMQs) in the House of Commons in London, United Kingdom on October 19, 2022. Anadolu Agency | Anadolu Agency | Getty Images LONDON — British Prime Minister Liz Truss insisted Wednesday she was a “fighter not a quitter” as she

WASHINGTON — President Joe Biden will announce an additional release of crude oil from the Strategic Petroleum Reserve on Wednesday in the range of 10 million to 15 million barrels, sources familiar with the plan told CNBC. The move aims to extend the current SPR delivery program, which began this spring, through December, the sources

Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release” of greenhouse gas emissions that, if deliberate, “amounts to an environmental crime.” Anadolu Agency | Anadolu Agency | Getty Images A preliminary investigation into gas leaks from two underwater pipelines connecting Russia to Germany found

Putin’s war on energy is testing solidarity between EU nations Contributor / Contributor / Getty Images Russia’s continuing war in Ukraine is causing a “very, very challenging” situation in Europe, which is testing its countries’ solidarity not only in how they react to Putin’s aggression, but also in how they deal with the aftereffects. The

In this article STLA-IT Follow your favorite stocksCREATE FREE ACCOUNT The Stellantis CEO Carlos Tavares photographed next to a Jeep Avenger at the Paris Motor Show on October 17, 2022. Nathan Laine | Bloomberg | Getty Images The CEO of Stellantis told CNBC Monday that the company would use its own sites to generate half

In this article HMC 7267.T-JP 6758.T-JP Follow your favorite stocksCREATE FREE ACCOUNT Yasuhide Mizuno, the chairman and CEO of Sony Honda Mobility Inc., speaks during a news conference in Tokyo, Japan, on Oct. 13, 2022. Kiyoshi Ota | Bloomberg | Getty Images The Sony-Honda joint venture focused on electric vehicles plans to begin deliveries to

Russia is a dominant player in the global nuclear market. Anadolu Agency | Anadolu Agency | Getty Images Russia’s nuclear fuel industry remains conspicuously untouched by European sanctions more than seven months into the Kremlin’s war in Ukraine — much to the dismay of Kyiv officials and environmental campaigners. Despite eight rounds of sanctions, targeted

Even though WTI crude just saw its worst week in more than two months, the oil trade may have more juice left in the tank. Mirae Asset Securities’ Chris Hempstead told CNBC’s “ETF Edge” that he sees the Russia-Ukraine war fallout and OPEC+ oil cuts as key bullish catalysts for oil. “If you look at

Activists of “Just Stop Oil” glue their hands to the wall after throwing soup at a van Gogh’s painting “Sunflowers” at the National Gallery in London, Britain October 14, 2022.  Just Stop Oil | Reuters LONDON — Two activists from campaign group Just Stop Oil were arrested Friday after throwing tomato soup on Vincent Van

Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, DC, on Thursday, Oct. 13, 2022. Ting Shen | Bloomberg | Getty Images Crypto billionaire Sam Bankman-Fried is backing down from a previous comment suggesting he could spend $1 billion

In this article ALB Follow your favorite stocksCREATE FREE ACCOUNT SILVER PEAK, Nev. — On the edge of Western Nevada, hours from a major city and miles down private dirt roads, lies the United States’ only lithium-producing plant. The nearest town is Tonopah — population 2,179 — where a prospector discovered silver at the turn

We reviewed our Bullpen stocks during the Investing Club’s October “Monthly Meeting” on Thursday. The Bullpen is a collection of companies we actively monitor for their potential to be added in Jim Cramer’s Charitable Trust, which is the portfolio we use for the Club. Here’s a quick look the seven stocks and our latest thoughts

In this article BTC.CB= Follow your favorite stocksCREATE FREE ACCOUNT Salvadoran President, Nayib Bukele speaks during an event in May 2021. El Salvador become the first country to adopt bitcoin as legal tender in June. Camilo Freedman | SOPA Images | LightRocket | Getty Images It has been more than a year since El Salvador

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 Wednesday’s key moments. Stocks rise despite hot inflation report We’re buying more shares of EL Quick mentions: PG, PXD, AMZN 1. Stocks rise despite hot inflation report Stocks rose on Wednesday despite a

PERN said pumping on the damaged Druzhba line, which delivers oil to Germany, was immediately switched off and the scene had been secured. Omar Marques | Getty Images News | Getty Images Polish pipeline operator PERN said Wednesday that a leak detected on one of its Druzhba pipelines bringing oil from Russia to Europe was

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. The defensives are the only place to be Semis and U.S.-China tensions Quick mentions: META, STZ 1. The defensives are the only place to be Stocks edged down Tuesday, while

Employees work on bitcoin mining computers at Bitminer Factory in Florence, Italy. Alessandro Bianchi | Reuters Software used in bitcoin mining just got its first upgrade since late 2012, and a coalition of companies including payments giant Block (formerly Square) is trying to help push the open-source protocol forward to become an industry standard. The

In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT This image, from July 2021, shows a Citroen e-C4 electric vehicle on display at a showroom in Paris, France. Citroen is a brand of Stellantis, one of the world’s biggest automakers. Benjamin Girette | Bloomberg | Getty Images Stellantis is turning to Australia as it

Mayor of Houston, Texas, Sylvester Turner speaks during a news conference at the 90th Winter Meeting of United States Conference of Mayors (USCM) on January 19, 2022 in Washington, DC. Alex Wong | Getty Images Houston Mayor Sylvester Turner this week described progress the city is making toward curbing planet-warming emissions and building storm resilient

Heidi Gutman | CNBC Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS’ “Face The Nation” Sunday that he predicts headline inflation “will probably come down to about 8%,” but that core inflation “is still going up.” Core inflation is what measures the

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 Thursday’s key moments. Stocks teeter Selling high, considering buying Quick mentions: LLY, COST 1. Stocks teeter Stocks swayed on Thursday after starting the week with sharp gains that puttered out by Wednesday. The

German Chancellor Olaf Scholz last week announced a package worth 200 billion euros ($198 billion) designed to help with soaring energy prices. The “defensive shield” includes a gas price brake and a cut in sales tax for fuel. Steffi Loos | Pool | Reuters Amid downbeat predictions of a recession in Germany and the wider

Zachary Bogue, co-managing partner for DCVC, speaks during the Future of Innovation: Spotlight on Artificial Intelligence Conference in San Francisco, California, U.S., on Thursday, June 22, 2017. The market for AI technologies is estimated to generate more than $60 billion in productivity improvements for U.S. businesses annually. Bloomberg | Bloomberg | Getty Images The Silicon

An Austrian soldier guards the entrance to the OPEC headquarters on October 4, 2022 on the eve of the 45th Meeting of the Joint Ministerial Monitoring Committee and the 33rd OPEC and non-OPEC Ministerial Meeting held on October 05, in Vienna, Austria.  Joe Klamar | AFP | Getty Images Saudi Arabia’s decision to ally with

The Kremlin behaved “like a drug dealer” when it comes to Europe’s gas supplies, according to Poland’s Prime Minister Mateusz Morawiecki. “Initially the gas [from Russia] was supposed to be very cheap, but the real price of the gas we now know. The real price of the gas is also the blood of soldiers and

In this article GM XOM OXY DE Follow your favorite stocksCREATE FREE ACCOUNT A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Jennifer Grancio was among the leaders at Engine No. 1, the upstart investing firm focused on climate and energy transition, that bested ExxonMobil in a 2021 proxy contest upset

Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release” of greenhouse gas emissions that, if deliberate, “amounts to an environmental crime.” Anadolu Agency | Anadolu Agency | Getty Images Sweden’s national security service on Thursday said a crime scene investigation into the gas leaks