Record global investments in wind, solar, and EVs are paradoxically driving a surge in demand for coal, oil, and gas, as the production of essential materials like cement and steel remains locked into hydrocarbon-based economies, primarily in Asia.
Amazon will phase out its Amazon One palm recognition service across all U.S. retail locations by mid-2026, citing low adoption. The move signals a strategic pullback from in-store biometrics amid privacy debates and a broader refocusing of its physical store strategy.
In a landmark shift, Venezuela's interim government has enacted a sweeping reform of its oil industry, dismantling decades of state control. The move aims to revive production but faces deep-seated risks and questions over who will truly benefit.
Elon Musk merges his space and AI ambitions under one roof as SpaceX finalizes the acquisition of xAI. The strategic move, combining Starlink, social platform X, and chatbot Grok, sets the stage for a landmark public offering and accelerates Musk's vision for off-planet data infrastructure.
In a landmark move, Venezuela's interim government has enacted a sweeping reform of its oil industry, dismantling core tenets of two decades of socialist policy. The overhaul aims to revive production but faces deep-seated risks and questions over its ultimate beneficiaries.
A sharp 18.6% annual rise in serious mortgage delinquencies signals deepening strain for American homeowners, driven by soaring insurance, taxes, and living costs rather than risky loans.
The data analytics firm's fourth-quarter results showcase a decisive shift, with U.S. commercial revenue soaring 137% and profitability silencing long-time skeptics, even as its premium valuation demands sustained execution.
Elon Musk consolidates his space and AI ventures, creating a private sector titan valued at $1.25 trillion with an ambitious plan to address AI's energy demands by moving data centers into orbit.
A new legislative effort seeks to transform California's insurer of last resort into a comprehensive provider, potentially ending the need for hundreds of thousands of homeowners to juggle multiple policies amid the state's ongoing insurance crisis.
Hong Kong-listed digital asset platform OSL Group has raised $200 million in fresh equity capital, earmarked for acquisitions and international growth in its regulated stablecoin trading and payments ecosystem, signaling a major push as institutional interest in blockchain-based finance intensifies.
A new Treasury Department assessment paints a picture of an economy entering the new year with sustained momentum, driven by business investment and consumer spending, while key inflation metrics show continued moderation.
California unveils a novel $200 million electric vehicle incentive program requiring matched funding from automakers and restricted to first-time EV buyers, with specific vehicle price caps to be set.
From under a dollar to over three, the price of a dozen eggs tells a story of inflation, disease, and changing agriculture. We break down the real cost by decade and explore what's driving your grocery bill higher.
Private equity firm RoundTable Healthcare Partners has acquired the dermatologist-trusted skincare and sun protection brand Colorescience from 1315 Capital, as the company's annual sales approach the $100 million mark.
Alphabet's self-driving subsidiary Waymo has closed a massive $16 billion funding round, catapulting its valuation to $126 billion and signaling robust investor confidence in the future of autonomous vehicles.
The benchmark index has been trapped in a tight range for months, gaining a mere 1% since October as a defensive rotation into energy and healthcare pressures tech-heavy portfolios. Analysts warn the prolonged consolidation is creating a 'ticking clock' scenario, setting the stage for a decisive breakout or breakdown.
President Trump's latest push to improve housing affordability centers on lowering borrowing costs, not home values. But with a severe shortage of homes and prices near record highs, economists warn his proposals may simply reignite price surges rather than create lasting relief for aspiring homeowners.
The Bureau of Labor Statistics has postponed the release of January's highly anticipated employment data due to a partial federal funding lapse, marking the latest economic disruption from Washington's budget impasse.
As Wall Street remains fixated on software-based AI, a leading tech analyst argues the next trillion-dollar opportunity lies in 'physical AI'—machines that see, move, and act. Dan Ives of Wedbush singles out Tesla and Nvidia as the indispensable architects of this new industrial revolution.
A new report finds corporate treasurers remain deeply concerned about deposit security, with most businesses holding funds far above FDIC insurance limits and vulnerable to operational shutdowns if a primary bank fails.
