Environment

Cars and buses in Sydney, Australia, on Monday, May 25, 2020. Authorities in the country are looking to set up a National Electric Vehicle Strategy. Brendon Thorne | Bloomberg | Getty Images An Australian bank plans to stop giving loans for new diesel and gasoline cars as the country tries to encourage the use of

New OPEC Secretary-General Haitham Al Ghais said Wednesday that the influential producer group is not to blame for soaring inflation, pointing the finger instead at chronic underinvestment in the oil and gas industry. “OPEC is not behind this price increase,” Al Ghais told CNBC’s Hadley Gamble. “There are other factors beyond OPEC that are really

European governments are scrambling to fill underground storage with gas supplies to provide households with enough fuel to keep homes warm during winter. Picture Alliance | Picture Alliance | Getty Images Germany’s natural gas storage facilities surpassed a fill level of more than 75% this month, two weeks ahead of schedule, as Europe’s largest economy

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: Cisco Systems looking strong Quick takes on Bullpen: SBUX, EL Prepare to pounce on Nvidia Still a chance to buy Pioneer 1. Cisco Systems looking strong Cisco Systems (CSCO) beat

A customer shops for eggs in a Kroger grocery store on August 15, 2022 in Houston, Texas. Brandon Bell | Getty Images July’s consumer price index report finally showed a sign of potential relief – inflation ticked up less than expected from a year ago, and was flat on the month, meaning that a basket

A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg | Bloomberg | Getty Images LONDON — Facing soaring energy bills, rising costs and rapidly declining consumer purchasing power, small businesses across the U.K.

Inside what’s called the amplifier bay of the Texas Petawatt Laser, where the energy of a laser pulse is boosted. The green light are the pump lasers that amplify or boost the energy of the main laser. Photo courtesy Todd Ditmire As the effects of climate change become more obvious, the promise of nuclear fusion

Ukrainian Emergency Ministry rescuers attend an exercise in the city of Zaporizhzhia on August 17, 2022, in case of a possible nuclear incident at the Zaporizhzhia nuclear power plant located near the city.  Dimitar Dilkoff | AFP | Getty Images Russia’s Ministry of Defense warned Thursday that if an accident occurs at the nuclear power

Pioneer Natural Resources (PXD) CEO Scott Sheffield said the oil company plans to continue returning most of its cash flow to shareholders, noting the “growth days of the industry are over.” That was just one of the takeaways from Sheffield’s wide-ranging interview with CNBC’s Jim Cramer on Wednesday. Sheffield, who founded Pioneer 25 years ago,

A man walks in Greenwich Park, London, on August 14, 2022. On August 17, Thames Water said a Temporary Use Ban covering London and the Thames Valley would begin next week. Dominic Lipinski | PA Images | Getty Images LONDON — Britain’s Thames Water said Wednesday that a Temporary Use Ban covering London and the

In this article BLK EQNR Wind turbines in Australia. Earlier this year, a report from Australia’s Clean Energy Council said renewables were responsible for 32.5% of the country’s electricity generation in 2021. Josh Hawley | Moment | Getty Images A fund under the management of BlackRock Real Assets is set to acquire Akaysha Energy, an

Ola CEO Bhavish Aggarwal appears on screen during a presentation in August 15, 2021. The company’s EV-arm, Ola Electric, plans to launch an electric car in 2024. Samyukta Lakshmi | Bloomberg | Getty Images The CEO of Ola Electric said Monday his firm would launch an all-electric vehicle that can go from 0 to 100

In this article VYGR Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a customer

An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Saudi oil giant Aramco reported a stunning 90% surge in second quarter net income and record half year results on Sunday, as high oil prices continue to drive historic windfalls for “Big Oil.”  Aramco said

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. Financials win from cooling inflation Quick mentions: LIN, CRM, WYNN Disney needs to talk about more than streaming 1. Financials are big winners today Stocks rose Wednesday on the heels

Michael Sonnenfeldt, Tiger 21  Scott Mlyn | CNBC The members of TIGER 21 – a peer network of ultra-high-net-worth entrepreneurs and investors – are putting most of their money to work in the stock market for the first time. TIGER 21 consists of 1,200 members with a cumulative $140 billion in assets, and individuals must

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. This week’s market action reaffirmed oil as our hedge Quick mentions: AAPL, QCOM, JNJ, DHR We want an update on Cisco’s supply chain issues 1. This week’s market action reaffirmed

Blackouts are growing more frequent in the United States. The average American experienced just over eight hours of power outages in 2020, with overall duration of power interruptions in the U.S. more than doubling since 2015, according to the U.S. Department of Energy. “This is not because the grid has changed, but because there is

A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Gas prices are below $4 for the first time since March, but the market remains precarious and experts said it’s too early to know if the move lower will hold. The national average for

A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The national average for a gallon of gas dropped below $4 on Thursday for the first time since March, in an ongoing sign that inflationary pressures for consumers are easing. The price for a

Mining the Worlds Second-most-valuable Cryptocurrency at Evobits I.T SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg via Getty Images Photographer: Akos

Dan Kitwood | Getty Images A major way criminals in the crypto world launder money is by sending digital assets across blockchains, bypassing a centralized service that can trace and freeze transactions. They use so-called cross-chain bridges to make it happen, and the dollar amounts are getting large. One particular cross-chain bridge called RenBridge has

In this article VYGVQ Sam Bankman-Fried, co-founder and chief executive officer of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images Sam Bankman-Fried became a crypto billionaire and one of the most famous players in the industry by building cryptocurrency exchange FTX into a top site used

Buildings in Singapore at dusk. Asia is already home to a number of tidal power projects. Guvendemir | E+ | Getty Images Japanese shipping giant Nippon Yusen Kaisha is to take part in a tidal power project planned for Singapore, as the emerging marine energy sector gains traction. The demonstration project, run by Singapore-owned Bluenergy

The Tornado Cash website displayed on a laptop and smartphone screen arranged in London, on Tuesday, March 15, 2022. Luke MacGregor | Bloomberg | Getty Images The U.S. Department of Treasury on Monday sanctioned the popular cryptocurrency mixer Tornado Cash, banning Americans from using a service that the government said, “launders the proceeds of cybercrimes.”

Siemens Energy CEO Christian Bruch said Monday that there is no technical justification for Russia to refuse the delivery of a turbine for the key Nord Stream 1 gas pipeline. His comments come amid a standoff between Germany and Russia over a piece of equipment that the Kremlin claims is holding back gas supplies to

Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Embattled

In this article GS A nuclear power plant photographed in Germany, on August 4, 2022. Discussions about nuclear’s role in Europe’s biggest economy have been thrown into sharp relief following Russia’s unprovoked invasion of Ukraine in February. Lennart Preiss | Getty Images News | Getty Images Nuclear has a role to play in the years

CNBC’s MacKenzie Sigalos and William Rudolf Lobkowicz in the Family Chapel of the Lobkowicz Palace depicting an early 18th-century altarpiece painting of St. Wenceslas, patron saint of the Czech nation. House of Lobkowicz PRAGUE — It is past midnight on a Friday at the Lobkowicz Palace in the Prague Castle complex. A 27-year-old Czech prince,

In this article SEDG Getty Images SolarEdge shares tumbled this week after the company’s second-quarter results showed a hit to margins from factory closures, higher transport costs and currency headwinds from the weakening Euro. But SolarEdge CFO Ronen Faier said lower margins now is the price to be paid for long-term growth in a market

After making it through the busiest three weeks of earnings season, we’re taking a step back and making sense of what we’ve learned. Here are four common themes around the consumer, banks, Big Tech and energy that have emerged among companies in our portfolio. 1. (Some) consumers are strong How’s the consumer holding up in

LONDON — The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation — and some Londoners are parting with as much as £8 ($9.70) for 568ml of the amber nectar. According to figures from consultancy firm CGA, the average cost of a pint

We’re adding four stocks to our Investing Club Bullpen, including Starbucks (SBUX) and Airbnb (ABNB). Jim Cramer announced them in Thursday’s “Monthly Meeting.” The Bullpen should be treated like a watch list of sorts and an outside area to perform homework and due diligence. As the baseball metaphor suggests, it consists of stocks in reserve