Latest in PG&E Secures $15 Billion Loan From U.S. Energy Department
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PG&E Secures $15 Billion Loan From U.S. Energy Department
The loan, the biggest-ever commitment from the Loan Programs Office, is intended to fund the California utility’s grid and climate resiliency projects.The New York Times - 13h -
Biden Administration Agrees to Record $15 Billion Loan to PG&E
The Energy Department loan would finance the California utility’s efforts to upgrade the power grid and reduce emissions.The Wall Street Journal - 22h -
Alibaba Expects to Book $1.28 Billion Loss on Sale of Department Store
The sale comes as Alibaba has been restructuring its businesses to focus on the e-commerce sector amid intensifying competition with its Chinese rivals.The Wall Street Journal - 1d -
Softbank Plans to Invest $100 Billion in U.S. Projects Through 2028
CEO Masayoshi Son joined President-elect Trump at Ma-A-Lago to make the announcement.Inc. - 1d -
Energy Department says unrestricted natural gas exports would spike prices
Domestic energy prices would sharply increase if the U.S. conducts unrestricted exports of liquefied natural gas (LNG), the Department of Energy said in a long-awaited report released Tuesday. The ...The Hill - 11h -
Biden administration offers California's PG&E up to $15B loan to boost climate resilience
The Biden administration on Tuesday announced its conditional approval of a loan guarantee for Pacific Gas & Electric Co. (PG&E) of up to $15 billion, which would serve to decarbonize the massive ...The Hill - 15h -
‘Unfettered’ Gas Exports Would Harm U.S. Economy, Energy Secretary Warns
Jennifer Granholm said a new analysis showed that the continued pace of exports was “neither sustainable nor advisable.”The New York Times - 1d -
Trump announces Japanese firm SoftBank plans to invest $100 billion in U.S.
President-elect Donald Trump pledged expedited approvals for any company that invests at least $1 billion in the U.S. SoftBank's investment will focus on AI and emerging technology.CBS News - 1d -
SoftBank CEO and Trump announce $100 billion investment in U.S. by firm
The money will be deployed before the end of Trump's term.CNBC - 1d -
Trump announces $100 billion investment from SoftBank Group in U.S. projects
President-elect Donald Trump and SoftBank Group CEO Masayoshi Son announced on Monday a $100 billion investment from SoftBank into U.S. projects over the next four years.CBS News - 1d -
Trump and Japan tech conglomerate SoftBank announce $100 billion in U.S. investments
President-elect Donald Trump and the head of Japanese tech conglomerate SoftBank, Masayoshi Son, will announce a $100 billion investment effort designed to spur artificial intelligence and related ...NBC News - 1d -
Buy now, pay later company Affirm strikes $4 billion loan deal with private credit firm Sixth Street
Affirm Holdings is getting its largest-ever capital commitment with a new partnership from private credit firm Sixth Street.CNBC - 4d -
Canadian official threatens to cut U.S. energy supplies in response to tariffs
Canada could halt oil and gas imports to the U.S. if Donald Trump imposes steep new tariffs, Ontario Premier Doug Ford warns.CBS News - 5d -
Investment Fund Acadia Readies $9 Billion Renewable Energy Project Lineup
The investor group, with support from Microsoft and other companies, hopes to build out 5 gigawatts of renewable power capacity in the next five years.Inc. - 6d -
Trump promises 'fully expedited' permits for investors of $1 billion-plus in U.S.
The Truth Social post signals Trump's aim to deregulate federal agencies, undo Biden-era environmental rules, and attract foreign investment.CNBC - Dec. 10 -
US loans Ukraine $20B from seized Russian assets
The Treasury Department gave Ukraine a $20 billion loan funded by seized Russian assets Tuesday as part of a broader Group of Seven (G7) effort to boost the country's defense. The money will be ...The Hill - Dec. 10 -
U.S. Transfers $20 Billion Loan to Ukraine Backed by Russian Assets
The economic lifeline ensures that Ukraine will have economic support after President-elect Donald J. Trump takes office.The New York Times - Dec. 10 -
From 'Fortnite' to 'Hogwarts Legacy': One university fuels Utah's $2 billion video game industry
Utah's video game industry has surged more than 230% in a decade and added an estimated $2.6 billion to the state's economy in 2024.CNBC - Dec. 10 -
Abolishing the Department of Education will not be easy
The Constitution does not empower the federal government to fund schooling.The Hill - Dec. 10 -
Security contractor can seek damages from CNN over Afghan war profiteer report
A Florida judge ruled in favor of U.S. Navy veteran Zachary Young, who says he was defamed in a 2021 CNN story on evacuation services in Afghanistan.Los Angeles Times - Dec. 9 -
TikTok says ban would cost U.S. small businesses, creators $1.3 billion in first month
TikTok says the economic harm from a law signed by President Joe Biden would grow if the Supreme Court does not overturn it.CNBC - Dec. 9 -
How an App Selling Secondhand Clothes Went From Near Collapse to Worth $5 Billion
Popular in Europe, Vinted is disproving the conventional wisdom about the resale market. Can it eventually crack the U.S.?The Wall Street Journal - Dec. 9 -
Boliden to Buy Swedish, Portuguese Mines From Lundin Mining for Up to $1.45 Billion
The Swedish company said it has agreed to buy the Neves-Corvo mine in Portugal and the Zinkgruvan mine in Sweden in a deal to boost its copper and zinc production.The Wall Street Journal - Dec. 9 -
Passenger attempted to divert domestic flight from Mexico into the U.S.
Volaris said the crew on flight 3041 from El Bajio to Tijuana managed to detain the passenger before the flight was diverted to Guadalajara in central Mexico.CBS News - Dec. 8 -
Agriculture Department to Require Testing of U.S. Milk Supply for Bird Flu Virus
New federal rules call for testing unpasteurized milk from dairy processors and for farm owners to provide details that would help officials identify and track cases more easily.The New York Times - Dec. 6 -
A $400 Billion Clean Energy Program Is Racing to Get Money Out the Door
Some fear Donald Trump could freeze the Energy Department’s loan office, which supports electric vehicles, geothermal, nuclear and other novel technologies.The New York Times - Dec. 6 -
OPEC+ oil output delay a 'reality check’ as group eyes demand, U.S. outlook, Saudi energy min says
"It's not a good idea to bring volumes in the first quarter," Saudi Arabia's Abdulaziz bin Salman assessed, with reference to demand and global uncertainty.CNBC - Dec. 6 -
The U.S. added 227,000 jobs in November, as hiring recovers from storms and a strike
Job creation in November rebounded from a near-standstill the prior month as the effects of a significant labor strike and violent storms in the Southeast receded, the Bureau of Labor Statistics ...NBC News - Dec. 6 -
Green energy from banana waste?
Scientists say they've found found a new way to turn trash into a valuable commodity. CBS News' Leah Mishkin has the story about tons of banana stems being used to power up homes, and maybe even to ...CBS News - Dec. 6 -
Op-ed: If Trump reverses TikTok ban, donors win and U.S. national security loses
If President Trump reverses the TikTok ban passed by Congress and signed by Biden, he's siding with corporate influence and risking our national security.CNBC - Dec. 5 -
Poland PM Donald Tusk names security and energy as EU priorities during Warsaw's presidency
Poland's Prime Minister Donald Tusk has named security, energy and competitiveness as the priorities for his nation's presidency of the European Union in the first half of 2025ABC News - Dec. 5 -
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General Motors Takes $5 Billion Hit From Ailing China Business
The charge marks the latest example of how global automakers are struggling in China as local consumers embrace electric vehicles from homegrown brands.The Wall Street Journal - Dec. 4 -
FIFA Secures $1 Billion Broadcast Deal With DAZN for Club World Cup
An agreement with the London-based streaming company DAZN came just a day before the draw for the inaugural event and after other networks balked at FIFA’s demands.The New York Times - Dec. 4 -
GM expects more than $5 billion impact from China restructuring, including plant closures
General Motors expects a restructuring of its joint venture operations with SAIC Motor in China to cost more than $5 billion in noncash charges and write-downs.CNBC - Dec. 4 -
Biden heading back to U.S. from Angola after highlighting American investments
President Biden has wrapped up his historic trip to Angola after touring a port on Wednesday where the U.S. has invested billions. CBS News White House reporter Willie James Inman has more.CBS News - Dec. 4 -
GM expects more than $5 billion impact from China restructuring
General Motors expects a restructuring of its joint venture operations with SAIC Motor Corp. in China to cost more than $5 billion.NBC News - Dec. 4 -
U.S. distances itself from Syrian civil war resurgence
Syria's government forces are fighting to gain back control of Aleppo after an Islamist rebel group seized the city last week. CBS News Pentagon reporter Eleanor Watson has the latest.CBS News - Dec. 3 -
Quebec sees spike in irregular crossings to U.S., public security minister says
Quebec Public Security Minister François Bonnardel said on Tuesday that the number of irregular crossings from Canada to the U.S. has jumped significantly in the last three years.Bonnardel met on ...Yahoo Sports - Dec. 3 -
Three climbers from the U.S. and Canada are missing on New Zealand’s tallest peak
Three mountain climbers from the U.S. and Canada are missing after they did not return from their planned summit of New Zealand’s tallest mountain, Aoraki.NBC News - Dec. 3
