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Energy
Former Tesla CFO Ahuja joins EV battery recycler Redwood Materials
Deepak AhujaSource: VerilyRedwood Materials, the electric vehicle battery recycling business started by Tesla board member and former CTO JB Straubel, is bringing on another former Tesla executive, Deepak Ahuja, as CFO, the company…
Aramco CEO says oil market will take months to normalize due to Hormuz
The oil market will take until 2027 to normalize if the disruption in the Strait of Hormuz persists beyond the middle of June, the CEO of the world's largest oil company warned Monday. "If the Strait of Hormuz opens today, it will still…
Alphabet 160% rally in year reflects value of owning most of AI stack
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025.David Paul Morris | Bloomberg | Getty ImagesAlphabet briefly passed Nvidia by…
Frontier Airlines forecasts revenue boost from Spirit collapse
Spirit Airlines and Frontier Airlines ticket counters at Kansas City International Airport.Leslie Josephs/CNBCFrontier Airlines expects a revenue boost from Spirit Airlines' collapse over the weekend, a shuttering that removed Spirit's…
Strait of Hormuz risk fuels Wall Street NACHO trade bets on oil prices
Traders are embracing the “NACHO” trade, a new Wall Street acronym for "Not A Chance Hormuz Opens." as investors grow skeptical the Strait of Hormuz crisis will end soon.Maica | Istock | Getty ImagesMove over TACO trade. Traders now have…
Apple’s R&D spending climbs to 10% of revenue on AI investments
Apple CEO Tim Cook gestures as he departs after a business leaders reception with the U.S. president on the sidelines of the World Economic Forum annual meeting in Davos on Jan. 21, 2026.Fabrice Coffrini | Afp | Getty ImagesFor the first…
Airlines spent 56.4% more on jet fuel after Iran war began: DOT
A technician prepares to refuel a Delta Airlines aircraft at the Austin-Bergrstrom International Airport on April 10, 2026 in Austin, Texas. Brandon Bell | Getty ImagesU.S. airlines spent 56.4% more on jet fuel in March, the month after…
Why surging oil prices may not derail the consumer trade
Wall Street is already looking beyond Big Tech quarterly results.Even though it's a major earnings week for the group, YieldMax chief strategist Mike Khouw lists consumer staples and discretionary names high on his watch list –…
Denmark faces data center reckoning amid power grid strains
COPENHAGEN, Denmark — The Nordics, long seen as a magnet for data center investment thanks to their stable climate and abundance of renewable energy, are now weighing limits on the growth of the power-hungry facilities as surging energy…
U.S. crude oil exports surge to record as tankers flock to Gulf Coast
The Perseus Star crude oil tanker departs the Port of Corpus Christi in Corpus Christi, Texas, US, on Saturday, Feb. 28, 2026.Eddie Seal | Bloomberg | Getty ImagesThe Port of Corpus Christi has never been busier as tankers from around…