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HomeFinance

Finance

BP
Finance

BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major

February 10, 2025 Mariel Alumit

BP shares jumped on Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major and could pressure the energy company to shift gears on its core oil and gas businesses. […]

US Treasury pays $100bn annually to unknown recipients – Musk
Finance

US Treasury pays $100bn annually to unknown recipients – Musk

February 10, 2025 Mariel Alumit

The Department of Government Efficiency has found that $100 billion is paid annually to people without proper identification Elon Musk, as head of the new Department of Government Efficiency (DOGE), has said that the US […]

USAID
Finance

Liberal NGOs in crisis: The fallout of Trump’s USAID freeze

February 10, 2025 Mariel Alumit

If you’ve spent any time on social media recently, particularly X, you might have noticed a pattern. Media outlets, NGOs, and human rights groups with a liberal slant are posting about financial trouble. Some plead […]

France
AI

France unveils €109 billion AI investment plan

February 10, 2025 Mariel Alumit

  President Macron said France will attract €109 billion in data centres and AI projects “in the coming years,” making it the first European country with AI infrastructure on par with the US and China. […]

Baltic states
Finance

Baltic states cut energy ties with Russia as Poland strengthens cooperation

February 10, 2025 Mariel Alumit

  WARSAW – As the Baltic states finalized their transition from Russia’s electricity grid to the EU system on Sunday, cutting a decades-old Soviet-era connection, the LitPol link between Lithuania and Poland became operational. At […]

Musk mocks pro-Western ‘independent’ media for losing US funding
Finance

Musk mocks pro-Western ‘independent’ media for losing US funding

February 9, 2025 Mariel Alumit

Numerous publications will struggle to stay afloat after Donald Trump suspended most foreign aid Elon Musk has derided pro-Western Russian and Ukrainian media outlets over their degree of perceived “independence,” as the publications now find […]

Used Car and Truck Prices Heading Higher on Tight Supply, Strong Demand, after U-Turn in mid-2024 from Historic Plunge. Used EV Prices Jump
Electric Vehicles

Used Car and Truck Prices Heading Higher on Tight Supply, Strong Demand, after U-Turn in mid-2024 from Historic Plunge. Used EV Prices Jump

February 8, 2025 Clark Savage

By Wolf Richter for WOLF STREET. Inflation pressures are rebuilding in used vehicles. Prices of used vehicles sold at auctions where franchised and independent dealers replenish their inventories rose by 0.4% in January from December, seasonally adjusted (red […]

EV Tax Credits
Climate Crisis

GOP Move To Slash EV Tax Credits, Challenge Biden’s Green Subsidies

February 8, 2025 Clark Savage

Republicans are eager to slash electric vehicle tax credits even as they struggle to coalesce around a strategy for a major tax and spending bill. ​Republicans are eager to slash electric vehicle tax credits even […]

Trump’s Tariff
Finance

How Trump’s Tariff Policy Will Shape the World

February 8, 2025 Clark Savage

China is fighting back, but other countries will struggle to respond. U.S. President Donald Trump’s tariff policy is at once clearer, and harder to get a handle on, than it was when he took office. […]

DOGE
Finance

DOGE to audit Pentagon

February 8, 2025 Mariel Alumit

The US departments of defense and education are next in line for budget reviews, President Donald Trump has confirmed Elon Musk, as head of the new Department of Government Efficiency (DOGE), has been tasked with […]

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