Environment

With hundreds of billions of dollars in new federal infrastructure spending under the Bipartisan Infrastructure Law, the CHIPS and Science Act and the Inflation Reduction Act, companies are eager to cash in. And states are scrambling for their piece of the pie. “We have funding that goes to projects that come from every state, city,

Not since the New Deal has the U.S. government poured this kind of money into rebuilding America’s infrastructure. Companies and states are clamoring for their piece of that federal jackpot. That helps explain why infrastructure is the major topic of conversation in economic development circles this year, and why it also looms large in CNBC’s

An oil pumpjack is shown in a field in Stanton, Texas, on June 27, 2024. Brandon Bell | Getty Images News | Getty Images Crude oil futures rose Thursday as inflation eased, bolstering hopes that the Federal Reserve will cut interest rates later this year. Inflation as measured by the consumer price index dropped 0.1%

David Paul Morris/Bloomberg via Getty Images Inflation fell further in June as lower gasoline prices combined with other easing price pressures to bring relief for consumers’ wallets. The consumer price index, a key inflation gauge, rose 3% in June from a year ago, down from 3.3% in May, the U.S. Labor Department reported Thursday. The

An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty Images Oil prices held firm Wednesday as OPEC sees solid demand supported by stronger economic growth this year. OPEC maintained its oil demand growth forecast of 2.2 million barrels per day

U.S. crude oil prices fell for the third straight session on Tuesday, as Gulf Coast oil infrastructure appears to have avoided any substantial damage from Tropical Storm Beryl. On Monday, Beryl made landfall in Matagorda, Texas, as a Category 1 hurricane but later weakened into a tropical storm. Beryl has moved inland as a tropical

The Shell logo is displayed outside a petrol station in Radstock on February 17, 2024 in Somerset, England. Matt Cardy | Getty Images News | Getty Images Energy giant Shell on Friday said it expects to record a post-tax impairment hit of up to $2 billion mainly linked to its Singapore and Rotterdam plants, while

Crude oil futures held firm on Wednesday as traders waited for the latest round of U.S. inventory data for signs of whether gasoline demand is picking up. U.S. crude oil gained about 6% last month on expectations of a tighter third quarter with stockpiles forecast to draw down as summer fuel demand picked up. The

Joseph Lubin, co-founder of Ethereum and CEO of blockchain firm ConsenSys. Riccardo Savi | Getty Images for Concordia Summit Crypto firm Consensys has been added to the SEC’s list of targets, as the regulator continues its industrywide crackdown. The Securities and Exchange Commission on Friday sued Consensys in federal court in Brooklyn, New York, over

Users of collapsed bitcoin exchange Mt. Gox have been trying to get their money back for a decade. From the beginning of July, the company will begin paying users back their funds. Kiyoshi Ota | Bloomberg | Getty Images Mt. Gox, the Japanese bitcoin exchange that collapsed into bankruptcy a decade ago after a major

Coal-fired power plants in Mariveles, Bataan, the Philippines, on June 6, 2023. Bloomberg | Bloomberg | Getty Images The Philippines’ dependency on coal-fired power surged 62% last year, overtaking China, Indonesia and Poland, according to London-based energy think-tank Ember. The Philippines was also the most coal-dependent country in Southeast Asia in 2023, as adoption of

Aerial view of Olmeca oil refinery belonging to the Petroleos Mexicanos (PEMEX) company, located in Paraiso, Tabasco state, Mexico, May 20, 2024. Yuri Cortez | Afp | Getty Images Crude oil futures held steady Thursday after the latest round of economic data indicated that inflation is easing in the U.S., potentially opening a path for

Former U.S. President Donald Trump speaks at a dinner at Mar-a-Lago on June 5, 2024 in West Palm Beach, Florida. Now that his criminal trial in New York has wrapped up, the former president has scheduled a number of fundraising events around the country to aid his presidential bid. (Photo by Eva Marie Uzcategui/Getty Images)

Core Scientific’s 104 megawatt Bitcoin mining data center in Marble, North Carolina Carey McKelvey AUSTIN — For five years, bitcoin miner Core Scientific has quietly been diversifying out of mining and into artificial intelligence, a market that will require immense amounts of power to handle the training of AI models and the massive workloads that

An offshore oil platform is seen at sunset near Huntington Beach, California, on Feb. 9, 2024. David Mcnew | Getty Images Oil prices defied the announcement of extended supply cuts from the OPEC+ alliance with brisk declines, with analysts and traders faulting certain trading strategies and the demand picture for the downturn.   “There is

Yasir Al-Rumayyan, chairman of Saudi Arabian Oil Co. (Aramco), speaks during a news conference in Dammam, Saudi Arabia, on Sunday, Nov. 3, 2019.  Mohammed Al-Nemer | Bloomberg | Getty Images Crude oil futures rebounded slightly Wednesday but hovered near a four-month low as a decision by OPEC+ to increase production later this year continued to

In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Palestinians, including children, collect usable belongings in the heavily damaged buildings after Israeli attacks in Rafah, Gaza on February 12, 2024. Building targeted in the Israeli attacks and surrounding structures were damaged as Israel’s air, land and sea attacks continue on the Gaza Strip.

In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT A building of Stockholm Exergi in Stockholm, Sweden, Sept. 5, 2022. He Miao | Xinhua | Getty Images Microsoft signed a deal to remove to permanently remove 3.3 million metric tons of carbon dioxide with Swedish energy company Stockholm Exergi, the companies announced on Monday.

Hundreds of Palestinians, including women and children living in east part of Rafah, migrate to the west part of the Khan Yunis with their few belongings loaded on vehicles following the Israel’s announcement on the evacuation of neighborhoods, in Khan Yunis, Gaza on May 6, 2024.  Ashraf Amra | Anadolu | Getty Images Crude oil

Smoke billows after Ukraine’s SBU drone strikes a refinery, amid Russia’s attack on Ukraine, in Ryazan, Ryazan Region, Russia, in this screen grab from a video obtained by Reuters, March 13, 2024.  Video Obtained By Reuters | Via Reuters Crude oil futures rose Monday as Ukraine drone strikes disrupt Russian oil refining capacity. The West