Energy

Budget Battles

  • usFILE PHOTO: A bulldozer moves coal at the Murray Energy Corporation port facility in Powhatan Point, Ohio

    Trump's Coal Job Push Stumbles in Most States

    By Valerie Volcovici, Reuters

    WASHINGTON (Reuters) - President Donald Trump's effort to put coal miners back to work stumbled in most coal producing states last year, even as overall employment in the downtrodden sector grew...

  • The massive Big John dragline works to reshape the rocky landscape in some of the last sections to be mined for coal at the Hobet site in Boone County

    Why US Coal Producers Are Having a Very Good Year

    By Tom DiChristopher, CNBC

    U.S. coal exports are rising this year, giving the fossil-fuel friendly Trump administration reason to cheer, but analysts believe the good times won't last. The surge in exports doesn't herald a...

  • Venezuela's President Nicolas Maduro waves during a pro-government rally with workers of state-run oil company PDVSA, in Barcelona

    The Crisis in Venezuela Could Send Oil Prices Soaring

    By Nick Cunningham, Oilprice.com

    Venezuela’s deteriorating crisis is “going to be the biggest geopolitical story to watch in the oil markets," according to Helima Croft of RBC Capital Markets. The economic, political and security...

  • FILE PHOTO: A sign is painted on a parking space for electric cars inside a car park in Hong Kong

    The Battery Problem That Could Slow the Electric Car Revolution

    By Zandi Shabalala, Reuters

    Producers of processed lithium - an essential element for batteries used in electric cars - are agreeing long-term contracts with their customers to fund the investments needed to address a looming...

  • A prototype of the Tesla Model 3 is on display in front of the factory during a media tour of the Tesla Gigafactory which will produce batteries for the electric carmaker in Sparks, Nevada, U.S. July 26, 2016. REUTERS/James Glover II

    The Great Battery Battle: Tesla Sparks an Arms Race in Energy Storage

    By Ryan Browne, CNBC

    Elon Musk's car company Tesla appears to be leading the "arms race" for lithium-ion batteries — for now. Musk recently announced plans to build the world's biggest lithium-ion battery storage project...

  • Watsa to hold keys to a BlackBerry deal

    Watsa to hold keys to a BlackBerry deal

    By Euan Rocha and Greg Roumeliotis, Reuters

    TORONTO/NEW YORK (Reuters) - BlackBerry Ltd is expected to draw preliminary interest from technology companies, buyout firms and Canadian pension funds, but its fate may ultimately rest in the hands...

  • Insight: After disaster, the deadliest part of Japan's nuclear clean-up

    Insight: After disaster, the deadliest part of Japan's nuclear clean-up

    By Aaron Sheldrick and Antoni Slodkowski, Reuters

    TOKYO (Reuters) - The operator of Japan's crippled Fukushima nuclear plant is preparing to remove 400 tons of highly irradiated spent fuel from a damaged reactor building, a dangerous operation that...

  • U.S. watchdog unveils plan to overhaul audit reports

    By Sarah N. Lynch, Reuters

    WASHINGTON (Reuters) - A U.S. regulator unveiled a controversial proposal on Tuesday that would require auditors to reveal more details about the publicly traded companies whose books they examine, a...

  • Ackman quits J.C.Penney board, removing distraction

    Ackman quits J.C.Penney board, removing distraction

    By Phil Wahba and Matthew Goldstein, Reuters

    (Reuters) - Hedge fund billionaire Bill Ackman's two-year campaign to transform department store J.C. Penney came to an abrupt end on Tuesday with his decision to step down from the board, after a...

  • Analysis: Saudi feud too bitter for new Iran president to fix

    Analysis: Saudi feud too bitter for new Iran president to fix

    By Angus McDowall and Yeganeh Torbati, Reuters

    RIYADH/DUBAI (Reuters) - Saudi Arabia's King Abdullah's disdain for Iran leaps from U.S. embassy cables. "May God prevent us from falling victim to their evil," he told U.S. officials, according to a...