Commodity markets are in a ‘super squeeze’— higher prices may continue

Commodity markets are in a ‘super squeeze’— higher prices may continue

SUIXI, CHINA – DECEMBER 30: An employee works on the production line of aluminum foil at a workshop of Anhui Limu New Material Technology Co., Ltd on December 30, 2023 in Suixi County, Huaibei City, Anhui Province of China. (Photo by Li Xin/VCG via Getty Images) Vcg | Visual China Group | Getty Images Global … Read more

Binance founder Changpeng Zhao travel blocked by federal judge

Binance founder Changpeng Zhao travel blocked by federal judge

Zhao Changpeng, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022.  Benoit Tessier | Reuters A federal judge last month rejected a request by Binance founder Changpeng “CZ” Zhao to travel to his home in … Read more

More than 16,000 in Sydney without power in mass outage across inner west

More than 16,000 in Sydney without power in mass outage across inner west

More than 16,000 people in Sydney were left without power in a mass outage on Wednesday morning. The outage started about 5.50am and affected 16,620 customers in Sydney’s inner west. Ausgrid identified the suburbs of Leichhardt, Balmain, Drummoyne, Five Dock, Rozelle, Abbotsford, Birchgrove, Balmain East, Russell Lea, Wareemba and Rodd Point as being affected. Watch … Read more

Why natural gas prices are so volatile. What it means for Coterra Energy

Why natural gas prices are so volatile. What it means for Coterra Energy

Natural gas prices have had an up and down January — taking Club stock Coterra Energy along for the wild ride. After rising more than 30% over the first two weeks of the year, natural gas futures plunged 24% last week and have continued their fall in recent days. The commodity lost 4% on Monday, … Read more

Core Scientific hits Nasdaq as Wall Street goes big in bitcoin mining

Core Scientific hits Nasdaq as Wall Street goes big in bitcoin mining

Just over a year after the crypto winter sent bitcoin miner Core Scientific spiraling into bankruptcy, the Texas-based company is back on the Nasdaq. Trading is scheduled to resume Wednesday morning. Core, which has operations in five U.S. states — Texas, North Dakota, North Carolina Georgia, and Kentucky — mines for bitcoin and other cryptocurrencies … Read more

As tankers divert from Red Sea, booming US oil gets another boost

As tankers divert from Red Sea, booming US oil gets another boost

Al HUDAYDAH, YEMEN – JULY 17: Yemen’s replacement oil tanker Nautica floats over its arrival to Al Hudaydah port in the Red Sea on July 17, 2023 in Hudaydah, Yemen. The United Nations handed over the replacement vessel Nautica to the Sana’a government to transfer the crude oil from the deteriorating supertanker to prevent a … Read more

New details emerge about SEC’s X account hack, including SIM swap

New details emerge about SEC’s X account hack, including SIM swap

Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. Andrew Kelly | Reuters The U.S. Securities and Exchange Commission said on Monday that a SIM swap attack was to blame for the breach of its official account on X (formerly Twitter) earlier this month. On Jan. 9, an unauthorized party gained access to … Read more

Senate Backlash Forces Biden To Drop Nuclear Regulator Nominee

Senate Backlash Forces Biden To Drop Nuclear Regulator Nominee

President Joe Biden is dropping his pick to fill the open seat on the Nuclear Regulatory Commission after a handful of Democrats joined Senate Republicans to block the nomination last year, HuffPost has learned. Jeff Baran had held a seat on the five-person federal panel overseeing atomic energy and radiation safety since former President Barack … Read more

Exxon Mobil sues activist investors to stop shareholder proposals

Exxon Mobil sues activist investors to stop shareholder proposals

ExxonMobil CEO Darren Woods speaks at the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Andrew Caballero-reynolds | Afp | Getty Images Exxon Mobil filed a lawsuit against U.S. and Dutch activist investors in a bid to stop them from submitting climate proposals during the oil giant’s annual shareholder … Read more

Federal government secures gas deal with Esso and Woodside to increase supply and lower prices

Federal government secures gas deal with Esso and Woodside to increase supply and lower prices

Gas-fired stations could have enough fuel to power the east coast for two and a half years, after the government secured a commitment as the nation moves away from coal. Energy Minister Chris Bowen and Resources Minister Madeleine King on Monday announced the government has entered two enforceable supply commitments with gas giants Esso and … Read more