Vistra Corp Leads S&P 500 with 216% Gain, Driven by Clean Energy and AI Data Center Demand
Vistra Corp, a utility company, has become the top performer in the S&P 500 with a 216% gain in 2024, capitalizing on clean energy demand and AI-driven data center power needs.
China's Economic Slowdown Overshadows Middle East Tensions in Oil Market
China's slowing crude demand growth and economic struggles are dampening oil market sentiment, overshadowing concerns about Middle East tensions.
China's Stock Market Rally: A Potential Boost for Energy Sector
Recent stimulus measures in China have led to the best month for its stock market in nearly a decade, potentially impacting global energy demand.
New Abaxx Exchange Aims to Stabilize Energy Transition Commodities
Abaxx, a Singapore-based commodities exchange, launches to provide price stability for energy transition materials and carbon offsets.
Geopolitical Tensions Rise as Ukraine War Continues
The ongoing war in Ukraine continues to impact global energy markets and geopolitical relations.
Starlink Expands In-Flight Internet Service with Air France Deal
Air France has become the latest airline to partner with SpaceX's Starlink for in-flight WiFi, joining a growing list of carriers adopting the satellite internet service.
OpenAI Considers Shift to For-Profit Structure, Potentially Boosting Altman's Control
OpenAI is reportedly planning to restructure as a for-profit benefit corporation, which could increase CEO Sam Altman's decision-making power and wealth.
Tech Giants and Financial Institutions Rally Behind Nuclear Power for Data Centers
Microsoft, Oracle, and Amazon are investing in nuclear power to supply carbon-free electricity for their data centers, while financial institutions endorse tripling nuclear energy by 2050.
Renewable Energy Investments Hit Record High in Q3
Global investments in renewable energy reached an all-time quarterly high in Q3 2024, driven by ambitious climate targets and falling technology costs.