Shares of Chevron Corporation CVX traded lower after the oil major announced a long-term agreement with Microsoft Corporation to supply electricity to a massive artificial intelligence data center in West Texas. Under the agreement, Chevron’s unit, Energy Forge One LLC, will build a 2.67-gigawatt natural gas power plant under Project Kilby, a development expected to
Shares of Fervo Energy FRVO surged on Monday as investors looked past a wider-than-expected quarterly loss and instead focused on the geothermal company’s new artificial intelligence partnership with Nvidia. The Houston-based geothermal startup, backed by Bill Gates, was up about 15% after announcing an agreement with Nvidia and the Pacific Northwest National Laboratory (PNNL) to
Alcohol companies have had fewer reasons to say “cheers” in recent years. Volumes have been falling, and the entire business model is undergoing a structural shakeup as younger people drink less. The downturn has been driven by a mix of structural and cyclical forces. Younger consumers are drinking less, inflation has squeezed discretionary spending, and
US stocks are showing surprising resilience as Wall Street increasingly abandons expectations for near-term Federal Reserve rate cuts. Several major financial institutions have recently pushed back their forecasts for monetary easing, with some now expecting the Federal Reserve to leave rates unchanged throughout 2026. Yet despite the more hawkish outlook, strategists remain broadly constructive on
The crypto market remained in a consolidation mode on Sunday as demand waned following last week’s hawkish Fed decision. Bitcoin was trading at $64,400, up by 1% in the last 24 hours, while the market capitalization in the industry rose by 0.64% to $2.2 trillion. This article looks at key coins, including Aerodrome Finance (AERO),
The USD/JPY exchange rate continued its strong rally last week, reaching its highest point since 1986. It peaked at 161.81, up by 15% from its lowest level in May last year, putting investors on edge as they wait for the next actions by the Bank of Japan (BoJ). USD/JPY jumps after the hawkish Fed The
Reliance Industries Chairman Mukesh Ambani announced a series of major developments at the company’s annual general meeting, led by plans to list Reliance Jio platforms in what could become one of India’s largest initial public offerings, while also outlining ambitious expansion plans across artificial intelligence, retail, and new energy. The proposed listing aimed at unlocking
SpaceX shares have soared following their blockbuster IPO debut, rising as much as 67% above the $135 offer price and pushing the stock to $225 before recent pullbacks. Despite the strong early performance, attention is now shifting toward the company’s staggered lockup schedule, which could introduce significant new supply into a tightly held market. The
Commerzbank AG has revised its crude oil and European gas price forecasts downward following the US–Iran agreement to reopen the Strait of Hormuz, citing expectations of increased supply flows in the coming months. Norman Liebke, FX and commodity analyst at Commerzbank AG, said the pact marks a turning point for energy markets, though the pace
The next phase of tokenized real-world assets is no longer just about bringing traditional financial products onto blockchain rails. It is about rebuilding them for the way crypto traders actually trade: faster, sharper, more tactical, more global, and far more expressive. That is the vision behind SHIFT’s launch of SPCX2L Series, the first 2X leveraged