Latest in Energy Estimates 2.9
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UK Labour’s Budget borrows big, taxes more
Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowingWorld - Financial Times - October 31 -
Bank of Japan holds rates but signals normalisation still on track
Political uncertainty following election upset raises risks of abrupt policy shifts, warn analystsWorld - Financial Times - October 31 -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
Stellantis hit by sales slide in US and Europe
Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventoryWorld - Financial Times - October 31 -
Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall
The company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business.Business - CNBC - October 31 -
Bristol Myers Squibb tops earnings estimates and hikes outlook, helped by Eliquis and new drugs
The pharmaceutical giant also raised its full-year revenue forecast to an increase of roughly 5%.Business - CNBC - October 31 -
Peloton’s stock soars 30% after company names Apple Fitness+ co-founder as new CEO
Peloton announced the appointment of Peter Stern as new CEO effective Jan. 1. Stern is the co-founder of Apple Fitness+ and has done stints at Ford Motor Co. and Time Warner Cable.Business - MarketWatch - October 31 -
Yum Brands earnings miss estimates as KFC, Pizza Hut report same-store sales declines
KFC and Pizza Hut both reported steeper-than-expected declines in their same-store sales.Business - CNBC - 2 days ago -
Yum Brands’ earnings fall short of estimates as Pizza Hut parent says consumers are still pressured
Only Taco Bell managed same-store sales gains.Business - MarketWatch - 2 days ago -
Toyota posts nearly 20% drop in second-quarter operating profit, missing estimates
Despite the lower takings, Toyota had raised its interim and full year dividend forecastBusiness - CNBC - Yesterday -
Maurizio Cattelan’s duct-taped ‘banana’ artwork estimated to fetch up to US$1.5m at New York auction
The viral artwork, involving a banana stuck to a wall, is once again in the spotlight, as Sotheby’s prepares to auction it for an eye-watering sum. Italian artist Maurizio Cattelan ’s notorious ...World - The Guardian - 20 hours ago -
Papa John’s stock falls as same-store sales hurt by still-cash-strapped consumer
Pizza chain says it’s still operating in a challenging consumer environment.Business - MarketWatch - 8 hours ago -
Why Big Tech is turning to nuclear to power its energy-intensive AI ambitions
Large tech firms are turning to alternative power sources like nuclear as a way to fulfill growing energy demands from data centers.Business - CNBC - October 16 -
Amazon, Google make dueling nuclear investments to power data centers with clean energy
Tech giants Amazon and Google are investing in the next generation of nuclear reactorsTech - ABC News - October 16 -
Energy drinks, death stares and sideline swag: Inside Sean Payton's 'game-day' alter ego
More than a dozen players and coaches shared stories about the Denver head coach, who led New Orleans from 2006 to 2021.Sports - ESPN - October 17 -
Nuclear-energy ETFs surge as uranium prices remain rangebound. Is now a good time to invest?
ETFs that track uranium miners and nuclear-energy stocks have skyrocketed in October, as some of the largest tech companies have tapped into nuclear power to fuel data centers as part of their AI ...Business - MarketWatch - October 18 -
Biofuels stock Gevo continues rally, boosted by $1.46 billion Energy Department loan
Shares of renewable-chemicals and biofuels company Gevo continued their rally Friday, lifted by a $1.46 billion loan commitment from the U.S. Energy Department earlier this week.Business - MarketWatch - October 18 -
Cuba’s electrical grid goes offline after one of the island's major power plant fails, said the energy ministry
Cuba’s electrical grid goes offline after one of the island's major power plant fails, said the energy ministryWorld - ABC News - October 18 -
Biden administration proposes to boost geothermal energy projects by cutting early-stage environmental reviews
The Biden administration proposed this week to speed up the process of approving geothermal energy projects by exempting them from early-stage environmental reviews. If the Bureau of Land ...Politics - The Hill - October 18 -
Russia halting strikes on energy targets could lead to peace talks, says Zelenskyy
Ukrainian president floats mutual cessation of aerial attacks on power grids as first step towards ending warBusiness - Financial Times - October 22 -
Big Tech is driving a nuclear power revival, energy guru Dan Yergin says
As tech giants like Microsoft, Amazon and Google compete to take the lead in the AI revolution, data centers are consuming an ever-increasing amount of energy.Business - CNBC - October 23 -
Chevron CEO says 'consistent and coherent energy policy' is what matters for the next administration
Chevron CEO Mike Wirth told CNBC's Jim Cramer what kind of government action is important for his company.Business - CNBC - October 24 -
Eye on America: New hotel runs on clean energy, and growing threats of inland flooding
In North Carolina, we learn about the growing threat of severe flooding facing inland communities. And in Connecticut, we check in at the only hotel in the country that runs entirely on renewable ...Top stories - CBS News - October 26