Population growth is slowing across the US due to a steep drop in immigration, new data shows. Some 40% of US counties experienced a net loss in people, with large cities seeing especially sharp immigration declines as US President Donald Trump returned to the White House and pledged a massive ...
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Fine print holds as private credit funds limit withdrawalsFine print holds as private credit funds limit withdrawals
The least satisfying, but most accurate, thing to be said about private credit right now is that it’s working exactly as it’s supposed to. Funds are limiting customer withdrawals just as they said they would and if it all sounds a bit paternalistic — protecting unsophisticated investors from the consequences ...
Repair costs for Gulf fossil fuel infrastructure could hit $25BRepair costs for Gulf fossil fuel infrastructure could hit $25B
Repair costs from reported damage and shutdowns hitting fossil fuel infrastructure in the Middle East could amount to at least $25 billion. Rystad Energy expects the bill for restoring LNG trains, refineries, fuel terminals, and key gas-to-liquids facilities to climb even further, largely driven by engineering and construction costs, and ...
Investors still bullish about US renewable marketInvestors still bullish about US renewable market
Some of the largest renewable energy investors are still bullish about the US market despite antagonism from the Trump administration. Private equity giant Brookfield on Wednesday spent $6.5 billion, alongside Caisse de Depot et Placement du Quebec, to acquire the Canadian renewable energy company Boralex, which has a 4-gigawatt pipeline ...
Pro-crypto group launches midterms offensivePro-crypto group launches midterms offensive
Stand With Crypto, the advocacy group that helped shepherd pro-cryptocurrency candidates into Congress last election cycle, is making its first foray into this year’s midterms. The offensive, reported first by Semafor, includes a new “voter hub” where digital assets users can learn candidates’ stances on the digital assets and view ...
US eyes end to war as Iran digs inUS eyes end to war as Iran digs in
The US appeared to be accelerating efforts to end the Iran war, though Tehran remained defiant, insisting it would not capitulate. US President Donald Trump has told aides he expects the conflict to end within weeks, The Wall Street Journal reported, and his scheduling of a summit with Chinese leader ...
Iran war propels shift to EVs, renewablesIran war propels shift to EVs, renewables
China’s oil demand could peak sooner than expected, a senior executive at a major state energy firm said, as the Iran war accelerates the turn away from fossil fuels. The country is the world’s second-largest oil consumer, but demand growth has slowed as it shifts to EVs and renewables, and ...
Russia sends drones to Iran: Western intelligenceRussia sends drones to Iran: Western intelligence
Russia is reportedly sending drones to Iran, according to Western intelligence, underscoring how the war in Ukraine is inextricably tied to the one in the Middle East. Moscow’s support for Tehran is likely to further escalate tensions with the West and especially the US. Ukraine, meanwhile, is providing anti-drone capabilities ...
YouTube, Meta lose landmark social media addiction caseYouTube, Meta lose landmark social media addiction case
A US jury on Wednesday found Meta and YouTube negligent in a landmark social media addiction trial. The companies must pay a combined $6 million in damages after being accused of harming kids and teens with platforms as addictive as cigarettes and failing to warn them about those dangers. The ...
Earth sees record energy imbalance, UN warnsEarth sees record energy imbalance, UN warns
The world’s imbalance between incoming and outgoing energy is growing ever faster, the UN warned. The planet gains energy from the sun and releases it as heat. Under usual circumstances, the two are in equilibrium, but greenhouse gases trap more energy, and as concentrations increase, temperatures rise. The World Meteorological ...