A drill rig stands at a Fervo Energy geothermal site under construction near Milford, Utah, Nov. 26, 2023.Ellen Schmidt | APMILFORD, Utah — Deep in the Utah desert, down miles of gravel roads and hours from a major city, Fervo Energy bets it can economically harness heat from the Earth's...
Month: September 2026
Trump turns up the heat on Warsh as Fed rate hike looms
President Donald Trump speaks with the new chairman of the Federal Reserve, Kevin Warsh, after a swearing-in ceremony in the East Room of the White House, in Washington, May 22, 2026.Anna Moneymaker | Getty ImagesTen days ahead of a meeting in which the Federal Reserve will likely consider raising interest...
NBA suspends Clippers owner Ballmer for one year in Kawhi Leonard salary cap probe
The NBA on Wednesday said it had suspended Los Angeles Clippers owner Steve Ballmer for one year as part of a broad array of sanctions on the basketball team and two senior executives for violating the league's salary cap circumvention rules related to star player Kawhi Leonard and four companies...
Traders are piling into this international stock market that just pulled ahead of the Nasdaq
Men look at a a board with the BOVESPA index at the Sao Paulo Stock Exchange (B3) in downtown Sao Paulo, Brazil, on April 7, 2025. Nelson Almeida | Afp | Getty ImagesBrazilian stocks are rallying again after a monthslong sell-off from six-year highs reached in April. The iShares MSCI...
Euro zone inflation is back above 3%. Higher interest rates are likely to follow
People sunbath and swim during the African heatwave in Naples on August 4, 2026. Anadolu | Anadolu | Getty ImagesEnergy price pressures drove inflation in the euro zone back above 3% in August, with hard-hit businesses now likely facing a second blow from higher interest rates. Headline inflation in the...