The artificial intelligence boom has turbocharged demand for electricity, and everyone who is anyone in the U.S. energy industry wants a piece of the action. The latest entrant is Chevron, the country’s second-largest oil and gas company, which sees opportunity in building natural gas-fueled power plants that will feed energy directly to data centers. Chevron…
President Trump is swinging American energy policy sharply in favor of fossil fuels, but oil and gas companies say those changes won’t push them to engage in the frenzy of new drilling that Mr. Trump wants. The oil industry is thrilled by Mr. Trump’s executive orders, which are designed to make life harder for renewable…
“The chief business of the American people is business.” That declaration by Calvin Coolidge has been shortened and simplified since that Republican president uttered it before an assembly of newspaper editors a century ago. But the notion that the business of America is business was on conspicuous display at President Trump’s inauguration. It may be…
UnitedHealth Group reported on Thursday that it earned less than expected this past quarter, citing higher medical costs and pressure on its insurance division at a time when the company is still reeling from the shocking murder of a top executive last month. Revenues for UnitedHealth Group amounted to $100.8 billion for the fourth quarter,…
Financial markets have been choppy since the November election, and for good reason. With the next presidential administration promising sharp policy changes on a broad range of economic issues, there is plenty to be nervous about. The new proposals are dizzying. The president-elect says he wants to deport millions of immigrants; impose tariffs on all…
Constellation Energy, the nation’s largest nuclear power plant operator, has agreed to buy another electricity producer, Calpine, for $16.4 billion, a deal that shows how fast-rising demand for power, partly a result of the data centers being built for artificial intelligence, is having far-reaching effects on the economy. The cash-and-stock deal, announced Friday, ranks among…
Employers stuck the landing in 2024, finishing the year with a bounce of hiring after a quarter filled with disruption. The economy added 256,000 jobs in December, seasonally adjusted, the Labor Department reported on Friday. It was a better-than-expected number amid a labor market that has been slowly cooling for two years. The unemployment rate…
Ultimately, the S&P 500 gained 16 percent by the end of that first pandemic year, and soared more than 25 percent in 2021. Indeed, the difficulty that follows fear-based selling is figuring out when exactly it is “safe” to get back into the water. Most people end up waiting too long, similar to the investors…
