Finance
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AI’s power hunger is turning electric utilities into Wall Street growth stocks — and customers may pay the price
A corporate merger that would form the largest electric utility in the United States is underway. It’s just one of many recent utility mergers and acquisitions as electric utilities enter a period of rapid growth. On May 18, 2026, NextEra Energy announced it would buy Dominion Energy for US$66.8 billion. What’s driving this deal and…
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Polymarket allegedly faked trades. Chances are slim Trump admin investigates, says sports-betting attorney
Polymarket is in the hot seat after an investigation alleged that the prediction market paid influencers to film fake trades and fabricate winnings. Legal experts say those allegations could result in regulatory consequences for the company—if President Donald Trump’s administration chooses to act. The $9 billion company allegedly asked creators with American audiences to falsify…
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The Strait of Hormuz is ‘open’ — but it’s mined, half-empty, and subject to tolls both sides say they might charge
Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that constricted global oil supplies and fueled inflation, but questions surrounding control of the vital waterway and whether vessels will be charged tolls to cross it could interfere with negotiations to forge…
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Honeywell CEO: America can lead the energy era defined by AI and hyper-demand — if policy moves fast enough
New technologies, geopolitical shifts, and swings between scarcity and abundance force energy industry leaders, investors, policymakers, and consumers to regularly reassess how we power our world. Today’s unprecedented energy demand is also compounded by an aging workforce and new supply pressures. This is no mere spike that we can wait out. The world will add more than…
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Current price of oil as of June 23, 2026
As of 8:45 a.m. Eastern Time today, oil is trading at $78.04 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $1.21 below yesterday morning’s level and about $7 higher than where it stood a year ago. Oil price per barrel % Change Price of oil yesterday $79.25 -1.52% Price of…
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Exclusive: Crypto analytics startup Allium raises $40 million to tame blockchain data for Wall Street
Blockchains are public databases, but that doesn’t mean they’re legible. Even experts struggle to read their complicated strings of letters, numbers, and transactions. Still, with enough savvy, the troves of data on blockchains become more manageable. New York-based Allium has made a business of taming digital asset data, and top-flight investors believe the crypto analytics…
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SpaceX’s drop-off sees Elon Musk’s net worth fall $240 billion—roughly the same value as computing giant IBM
Elon Musk’s rocket company SpaceX made him a trillionaire—the first on the planet. The historic IPO of the company earlier this month, which aims to make humanity a spacefaring civilization, saw the richest man on the planet’s net worth hit $1.1 trillion. Space Exploration Technologies Corp (SpaceX) is already among the world’s most valuable companies,…
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Meet a British businessman who doesn’t regret his Brexit vote. He says rejoining the EU would be ‘re-boarding the Titanic’ while giving up life vests
Simon Boyd’s firm makes prefabricated steel structures on the south coast of England and ships them to customers as far away as Ghana and Barbados. Mike Hawes represents Britain’s carmakers as the head of the Society of Motor Manufacturers and Traders. The business leaders were on different sides of the debate when Britain voted to…
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The World Cup’s biggest winner so far? Prediction markets, where a $5.4 billion betting frenzy has shattered previous records
Argentina and Spain are riding high after dominant World Cup performances, inching them closer to the tournament’s knockout stage. But prediction market firms like Kalshi and Polymarket are celebrating in equal measure. Just 11 days into the tournament, and with a month still remaining, this upstart sector of the betting industry, which allows users to…
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Meet the 2 men putting New York’s $300 billion pension fund in play for the first time in 20 years
On paper, New York State Comptroller is a sleepy job. No press secretary emerges from the office to spin the Sunday shows. No Twitter feuds, no viral moments. A recent poll found that 65% of New York Democrats have never heard of the man who has held the position for two decades. What Thomas DiNapoli…