FTX Sam Bankman-Fried former partner Ryan Salame seeks to void guilty plea

FTX Sam Bankman-Fried former partner Ryan Salame seeks to void guilty plea

Ryan Salame, former co-chief executive officer of FTX Digital Markets Ltd., exits federal court in New York, US, on Tuesday, May 28, 2024.  Yuki Iwamura | Bloomberg | Getty Images Ryan Salame, a former top lieutenant at FTX under founder Sam Bankman-Fried, asked a judge to void the deal he reached with the government and his … Read more

The Quest to Uncover the Secrets of Gold Hydrogen

The Quest to Uncover the Secrets of Gold Hydrogen

This story originally appeared on WIRED Italia and has been translated from Italian. In the quest to decarbonize the world, one element gets a lot of hype: hydrogen. “If you burn it, it produces only water, with no impact on the environment,” explains Alberto Vitale Brovarone, a professor in the Department of Biological, Geological, and … Read more

Inflation Reduction Act sparked a manufacturing & clean energy boom

Inflation Reduction Act sparked a manufacturing & clean energy boom

Monica Muñoz, top, and Denise Denning place black encapsulation material on solar panels at Elin Energys solar panel manufacturing facility on Thursday, April 25, 2024 in Brookshire.  Brett Coomer | Hearst Newspapers | Getty Images The Inflation Reduction Act has sparked a manufacturing boom across the U.S., mobilizing tens of billions of dollars of investment, … Read more

Long-term winners as AI boosts U.S. power needs, according to Mizuho

Long-term winners as AI boosts U.S. power needs, according to Mizuho

A large array of solar panels along Highway 41 are located in close proximity to the growing Tulare Lake, a once great body of water in the southern Central Valley, now beginning to fill again due to the recent series of major rain and snow storms in the Sierra Nevada, is viewed on April 13, … Read more

Melbourne’s mayor has plan to lower energy bills through power of bulk-buying

Melbourne’s mayor has plan to lower energy bills through power of bulk-buying

People under pressure to save on energy have been promised a radical plan by one city’s leader, who says it will slash power bills. Melbourne Lord Mayor Nick Reece has pledged to establish Australia’s largest community-led bulk purchasing program for renewable energy across Melbourne, if he is re-elected. “Australians are desperate for power savings at … Read more

Replacing China in copper supply chain is ‘unfeasible,’ warns WoodMac

Replacing China in copper supply chain is ‘unfeasible,’ warns WoodMac

A worker tying copper wire rods before loading them onto a truck in Huai’an, in China’s Jiangsu Province. Vcg | Visual China Group | Getty Images Western countries seeking to diversify away from China’s dominance in copper could delay the energy transition besides raising costs, while its complete replacement would be ‘unfeasible,’ according to Wood … Read more

Goldman Sachs jumps into bitcoin ETFs while Morgan Stanley retreats

Goldman Sachs jumps into bitcoin ETFs while Morgan Stanley retreats

When the SEC opened the door in January for bitcoin exchange-traded funds to hit the mainstream, many traditional financial institutions across Wall Street and beyond finally had the opportunity to buy into crypto. Since then, money has poured in, but in fits and starts. On Wednesday, banks and hedge funds with more than $100 million … Read more

Here’s the deflation breakdown for July 2024 — in one chart

Here’s the deflation breakdown for July 2024 — in one chart

Fotostorm | E+ | Getty Images Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years. While many areas of the U.S. economy are dis-inflating — meaning their prices are still rising, though at a slower rate — some have been outright deflating. That means … Read more

Schumer says a crypto bill can pass Senate this year; Dems join ‘Crypto4Harris’ call

Schumer says a crypto bill can pass Senate this year; Dems join ‘Crypto4Harris’ call

US Senate Majority Leader Chuck Schumer presents US Vice President Kamala Harris with a “golden gavel” after she cast her 32nd tie-breaking vote in the Senate, the most ever cast by a Vice President, at the US Capitol in Washington, DC, December 5, 2023. Saul Loeb | AFP | Getty Images Senate Majority Leader Chuck … Read more

Here’s the inflation breakdown for July 2024 — in one chart

Here’s the inflation breakdown for July 2024 — in one chart

d3sign | Moment | Getty Images Inflation continued to retreat in July, aided by easing price pressures for consumer staples like food and energy and physical goods like new and used cars. The consumer price index, a key inflation gauge, rose 2.9% in July from a year ago, the U.S. Department of Labor reported Wednesday. … Read more