Trump appoints officials to oversee U.S. Steel under ‘golden share’ deal
U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | Reuters President Donald Trump has appointed two Department of Commerce officials to oversee U.S. Steel under the golden share agreement reached with Japan’s Nippon, according to Continue Reading
$30 oil? JPMorgan thinks it’s possible in a couple of years
The world is facing a flood of oil that could push global benchmark Brent prices down into the $30s by the end of 2027 if nothing is done to curtail supply, JPMorgan warned in a Monday note to clients. Oil demand has remained surprisingly strong in 2025 despite bearish sentiment, Continue Reading
Activist Ananym Capital sees upside if Baker Hughes spins off oil services
Company: Baker Hughes (BKR) Business: Baker Hughes is an energy technology company with a portfolio of technologies and services that span the energy and industrial value chain. The company operates in two segments: oilfield services and equipment and industrial and energy technology. The OFSE segment provides products and services for Continue Reading
Texas data centers raise blackout risk during extreme winter weather
A worker repairs a power line in Austin, Texas, U.S., on Wednesday, Feb. 18, 2021. Thomas Ryan Allison | Bloomberg | Getty Images The rapid expansion of data centers in Texas is driving electricity demand higher during the winter, compounding the risk of supply shortfalls that could lead to blackouts Continue Reading
Oil prices, energy stocks in focus amid Trump’s new Ukraine peace plan
This aerial picture shows the oil tanker Boracay anchored off the Atlantic Coast off Saint-Nazaire, western France on October 1st, 2025. French authorities said Wednesday they were investigating the oil tanker Boracay anchored off the Atlantic Coast and suspected of being part of Russia’s clandestine “shadow fleet”. Damien Meyer | Continue Reading
OpenAI taps iPhone assembler Foxconn to manufacture AI hardware in US
OpenAI is partnering with Taiwan’s Foxconn, the world’s largest contract electronics manufacturer, to design and build artificial intelligence data center components in the U.S., the AI startup’s latest announcement tied to its massive infrastructure development plans. While no financial terms were disclosed, OpenAI said in Thursday’s announcement that it will Continue Reading
Trump plans huge oil drilling expansion off California and Alaska coasts
Oil drilling rigs and support equipment stand on the tundra in Deadhorse, Alaska, on Friday, Sept. 5, 2025. Nathaniel Wilder | Bloomberg | Getty Images The Trump administration unveiled plans Thursday for a huge oil drilling expansion off the coasts of Alaska, California and in the Gulf of Mexico. The Continue Reading
MP surges on Pentagon-backed deal to develop Saudi rare earth refinery
MP Materials surged Wednesday on a deal with the U.S. Department of Defense and the Saudi Arabian Mining Company, Maaden, to develop a rare earth refinery in the kingdom. The U.S. rare earth miner’s stock was last up about 9%. MP and the Pentagon will hold a 49% stake in Continue Reading
Europe has rare earths but, for now, it’s at China’s mercy
Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China. China Stringer Network | Reuters Like the U.S., Europe is also feeling the pressure to keep China sweet in order to maintain supplies of rare earth elements, which are vital for its strategic Continue Reading
Trump could pick these companies as national champions, Evercore says
U.S. economic policy has shifted toward state capitalism, with the Trump administration investing in publicly-traded companies in strategic industries, according to Evercore ISI. The White House has already taken equity stakes in MP Materials , Lithium Americas , Intel and Canada’s Trilogy Metals this year, a departure from past practice, Continue Reading