Ethereum is the world’s second-biggest cryptocurrency, and it’s giving bitcoin a run for its money. Getty Ethereum, the second-largest cryptocurrency by market value, just ran a final dress rehearsal ahead of a years-awaited upgrade that’s been billed as one of the most important events in the history of crypto. Since its creation almost a decade
An employee looks on at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. Maxim Shemetov | Reuters Saudi oil giant Aramco reported a stunning 90% surge in second quarter net income and record half year results on Sunday, as high oil prices continue to drive historic windfalls for “Big Oil.” Aramco said
Saudi Aramco plans to begin permanently storing carbon dioxide from 2026 in one of the largest facilities of its kind, as the state oil giant seeks to reach its goal of net-zero emissions by 2050. The company is looking to capture carbon dioxide emitted by processes that convert natural gas into hydrogen, among other industrial
By William Johnson Posted on August 13, 2022 Tesla’s Model 3 Long Range configuration is sold out for 2022, according to the company’s Online Design Studio. The Model 3’s webpage on Tesla’s website has an updated delivery timeframe for each trim level. While the Model 3 Rear-Wheel Drive and Performance configurations are still available and
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
Michael Sonnenfeldt, Tiger 21 Scott Mlyn | CNBC The members of TIGER 21 – a peer network of ultra-high-net-worth entrepreneurs and investors – are putting most of their money to work in the stock market for the first time. TIGER 21 consists of 1,200 members with a cumulative $140 billion in assets, and individuals must
In this article RWE-DE An excavator photographed at a lignite mine operated by RWE on April 8, 2022. RWE says it wants to be carbon neutral by 2040. Alex Kraus | Bloomberg | Getty Images The chief financial officer of German energy firm RWE told CNBC Thursday that it will burn more coal in the
A global provider of engineering and construction solutions to the energy industry McDermott International has been awarded a Front-End Engineering Design (FEED) contract by QatarEnergy for the North Field South (NFS) Offshore Pipelines and Power/FO cables Project. The new contract is in addition to the awards received by McDermott this year for the NFS Jackets
By William Johnson Posted on August 12, 2022 After announcing a series of price hikes for the Ford F-150 Lightning lineup, Ford CEO Jim Farley has responded to concerns. According to CNBC, Jim Farley has responded to criticism of price hikes that apply to the in-demand Ford F-150 Lightning. The vehicle’s price hike, raising as
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. This week’s market action reaffirmed oil as our hedge Quick mentions: AAPL, QCOM, JNJ, DHR We want an update on Cisco’s supply chain issues 1. This week’s market action reaffirmed
Blackouts are growing more frequent in the United States. The average American experienced just over eight hours of power outages in 2020, with overall duration of power interruptions in the U.S. more than doubling since 2015, according to the U.S. Department of Energy. “This is not because the grid has changed, but because there is
The American Petroleum Institute (API) has joined with nearly 60 other trade groups representing America’s natural gas and oil industry in opposing the Inflation Reduction Act (IRA) as passed by the Senate. In a letter to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy, the organizations outlined problematic provisions, including punitive new taxes and
By William Johnson Posted on August 11, 2022 Aptera offered its first hands-on look at the Gamma solar-powered vehicle today, which is as crazy looking as it is efficient, thanks to a world-class drag co-efficient and incredibly sleek design. The Fully Charged Show was given access to what Aptera called the “Alpha prototype” of their
Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images Gas prices are below $4 for the first time since March, but the market remains precarious and experts said it’s too early to know if the move lower will hold. The national average for
A customer pumps gas at an Exxon gas station on July 29, 2022 in Houston, Texas. Brandon Bell | Getty Images The national average for a gallon of gas dropped below $4 on Thursday for the first time since March, in an ongoing sign that inflationary pressures for consumers are easing. The price for a
Crown Estate Scotland – the body which manages seabed leasing for offshore renewables – has opened a pioneering offshore wind licensing round which will help reduce emissions from offshore oil and gas infrastructure. The Innovation and Targeted Oil and Gas (INTOG) leasing process will help meet the emissions reduction targets agreed upon last year between
By Joey Klender Posted on August 10, 2022 Tesla’s Full Self-Driving suite faces yet another critic in Ralph Nader, an Independent political activist who ran for President on four occasions. Nader released a statement on Wednesday, calling for federal regulators to “act immediately to prevent the growing deaths and injuries from Tesla manslaughtering crashes with
Mining the Worlds Second-most-valuable Cryptocurrency at Evobits I.T SRL An engineer inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The worlds second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg via Getty Images Photographer: Akos
Dan Kitwood | Getty Images A major way criminals in the crypto world launder money is by sending digital assets across blockchains, bypassing a centralized service that can trace and freeze transactions. They use so-called cross-chain bridges to make it happen, and the dollar amounts are getting large. One particular cross-chain bridge called RenBridge has
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