Finance
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Data centers are finding a surprising way to deploy batteries
The scramble to find enough power for artificial intelligence has data center operators looking for any solution. An unexpected one taking root pairs batteries — long seen as a key to adding more renewables — with fossil fuels. BloombergNEF has tracked 4.9 gigawatts of energy storage announcements that are co-located with on-site fossil fuel generation
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Top oil analyst guarantees that the next few months ‘will be an ongoing, absolute disaster’ even if the Strait of Hormuz opens tomorrow
Energy experts have been warning oil futures have been totally disconnected from the reality that exists in the physical market, but a reckoning is unavoidable and imminent, according to a top oil analyst. Futures markets have been soothed by hopes of peace talks between the U.S. and Iran. West Texas Intermediate remains below $100 a
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The EU is spending an extra $28 billion on energy imports, and answering with demand destruction, tax cuts, and a rapid clean energy shift
Four years ago, Europe was taught a brutal lesson in energy security when Russian natural gas flows to the EU slowed to a trickle. The war in Iran has sparked an even more severe energy crisis, highlighting how a stubborn reliance on energy imports continues to dog the continent. Nearly two months since the war
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Pirro drops Powell probe, handing Kevin Warsh a lifeline, though U.S. Attorney vows to restart probe ‘should the facts warrant doing so’
The criminal investigation that has held the Federal Reserve chair nomination hostage for three months is over—sort of. U.S. Attorney for the District of Columbia Jeanine Pirro announced Friday that her office is closing its probe into Fed Chair Jerome Powell and the central bank’s Washington headquarters renovation, punting the matter to the central bank’s
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Current price of oil as of April 25, 2026
At 9 a.m. Eastern Time today, oil was priced at $106.01 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a gain of $2.34 compared with yesterday morning and around $39 higher than the price one year ago. Oil price per barrel % Change Price of oil
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Good news: Rumors of a K-shaped economy are overblown so far, says Goldman Sachs. Bad news: 2026 is the year it will really bite
Despite the consternation around the K-shaped economy, Goldman Sachs’ chief U.S. economist is of the opinion that rumors of consumers’ demise has been greatly exaggerated. In the past year, particularly amid households clamoring for relief amid affordability challenges, many economists had speculated that a “K” shape was emerging in the data: High-earning households were continuing
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Panama Canal surge pricing: up to $4 million paid out with Strait of Hormuz still closed
Businesses have doled out up as much as $4 million to move boats through the Panama Canal with the Strait of Hormuz effectively closed, according to the Panama Canal Authority, in a move that has created a seismic shift in global trade flows. While passage through the waterway usually comes at a flat rate via
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California’s oil and jet fuel supply is getting slammed by a perfect storm of unfortunate timing—and help is years away
Europe is facing more widespread fuel shortages heading into the summer as the war in the Middle East drags on, but shortfalls—especially for jet fuel—will soon spread to California and the broader West Coast as the global energy supply shock ripples across the world. While the U.S. leads the world in crude oil production, California
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American Airlines CEO calls United merger ‘a non-starter’: ‘No way to view that as anything but anti-competitive’
American Airlines CEO Robert Isom on Thursday became the latest, and most consequential “no” on the rumored American-United merger. In an interview with CNBC Thursday shortly after the company reported first-quarter earnings, Isom called the merger a “non-starter from the get-go.” “At the end of the day, there’s no way to view that as anything
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Ken Griffin’s Citadel fires back at NYC Mayor Zohran Mamdani ‘tax the rich’ video featuring his $238 million penthouse
New York City Mayor Zohran Mamdani marked tax day by making good on one of his most prominent campaign promises, and he did it while outside hedge fund billionaire Ken Griffin’s front door—and the Citadel CEO worth over $51 billion did not like it one bit. In a video posted on Tax Day by the NYC