NextEra weighs restarting Iowa nuclear plant amid demand for carbon-free energy

NextEra weighs restarting Iowa nuclear plant amid demand for carbon-free energy

Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images NextEra Energy is considering restarting a nuclear plant in Iowa as demand for carbon-free energy grows amid a historic surge in electricity consumption. The Duane Arnold Energy Center in Palo, Iowa ceased operations in 2020 after 45 years of service. NextEra CEO John Ketchum said … Read more

Chipotle Mexican Grill (CMG) Q2 2024 earnings

Chipotle Mexican Grill (CMG) Q2 2024 earnings

A Chipotle restaurant in New York on July 3, 2023. Jeenah Moon | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations as it saw higher traffic at its restaurants, bucking an industry slowdown. Shares of the company rose more than 10% in extended trading. Here’s … Read more

Renewable energy demand will triple as electricity consumption surges, NextEra CEO says

Renewable energy demand will triple as electricity consumption surges, NextEra CEO says

In this photo illustration the stock market information of NextEra Energy, Inc. seen displayed on a smartphone with NextEra Energy, Inc. logo in the background. Igor Goloniov | LightRocket | Getty Images Renewable energy demand will triple over the next seven years as data center growth accelerates to facility the proliferation of artificial intelligence, the … Read more

Ford Motor (F) earnings Q2 2024

Ford Motor (F) earnings Q2 2024

The Ford display at the New York International Auto Show on March 28, 2024.  Danielle DeVries | CNBC DETROIT – Ford Motor is set to report second-quarter earnings after the markets close Wednesday. The Detroit automaker’s results are expected to be relatively healthy, although down from the second quarter of 2023 and not as strong … Read more

WTI rebounds to break losing streak

WTI rebounds to break losing streak

An oil pump jack is shown in a field in Stanton, Texas, on June 27, 2024. Brandon Bell | Getty Images News | Getty Images U.S. crude oil futures rebounded more than 1% on Wednesday, breaking a three-day losing streak as an industry report pointed to falling U.S. crude inventories and as wildfires in Canada … Read more

How Truth Social could potentially make Trump billions

How Truth Social could potentially make Trump billions

Truth Social is a social media platform whose majority owner is former President Donald Trump. A team of early investors say they want to “end Big Tech’s assault on free speech.” Achieving that may require a rapid uptick in the size of its user base, which is currently unknown. The public has limited access to … Read more

Spain’s Santander posts 20% hike in net profit as retail business shines

Spain’s Santander posts 20% hike in net profit as retail business shines

Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity, after firm revenues and margin management in Europe and Brazil. The company’s net profit attributable to the parent group came in at 3.207 billion euros ($3.48 million), in line with a consensus from analysts … Read more

World’s largest luxury group LVMH slumps after reporting revenue miss

World’s largest luxury group LVMH slumps after reporting revenue miss

People are walking by the Louis Vuitton storefront building in Lisbon, Portugal, on July 21, 2024. Luis Boza | Nurphoto | Getty Images Shares in the world’s largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday. LVMH shares were last down by 4.5% at 10:04 a.m. … Read more

Australia PMI, Japan PMI, Tesla, Alphabet earnings

Australia PMI, Japan PMI, Tesla, Alphabet earnings

An aerial view of the central business district and Sydney Opera House on February 17, 2023. David Gray | Getty Images News | Getty Images Futures for Australia’s S&P/ASX 200 stood at 7,952, slightly lower than their last close of 7,971.1. The country saw its private sector activity expand at a slower pace in July, with … Read more

Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors

Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors

People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024.  Jaap Arriens | Nurphoto | Getty Images Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors … Read more