Funding & Business
US Warns of Blackout Risk From Killing Coal as Trump Snubs Renewables
Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report that blames the expected energy shortfall on the closures of coal and natural gas power plants and overreliance on renewable energy.
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Exxon Mobil Corp. expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a volatile quarter for commodity prices weighs on second-quarter profits.
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A once-unimaginable sale or breakup of the clan’s 221-year-old City of London firm is looking more and more feasible to onlookers.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sonali Basak, Emily Graffeo and Tim Stenovec. (Source: Bloomberg)
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Europe’s Most Ambitious Startups Aren’t Becoming Global; They’re Starting That Way
