A century ago, the US power industry was dominated by sprawling, heavily indebted holding companies until their collapse forced the federal government to break them up. Now, the pattern is repeating, with mega-mergers and buyouts advancing a debt-heavy business model at the expense of households and communities.
JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move under the bank’s $1.5 trillion security project aimed at bolstering industries critical to U.S. economic and national security. The figure includes $18 million in loans and $6 million in grants to finance a new submarine…
JFrog Q2 2026 slides: cloud surge drives 29% growth, shares jump 16%
A customer shops for cilantro at a Walmart Supercenter on July 23, 2026, in Austin, Texas. Brandon Bell | Getty Images The nation’s largest multistate outbreak of cyclosporiasis linked to shredded iceberg lettuce has expanded to nine states, the Centers for Disease Control and Prevention said Friday. The four newly linked states — Illinois, Kansas,…
TD Securities strategists expect Canadian real Gross Domestic Product (GDP) to rise by 0.2% m/m in May, exceeding the flash estimate and extending April’s 0.5% gain. They highlight balanced growth across goods and services, with manufacturing, existing home sales and retail trade all contributing. Labour market strength underpins the outlook, while June GDP is seen…
Saudi Aramco’s Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi Aramco on Tuesday reported a jump in second-quarter profit, following a period of severe disruption through the Strait of Hormuz amid the sprawling Middle East conflict. The world’s largest oil company posted adjusted net income of 125.2 billion Saudi riyal ($33.4…
The Mexican Peso loses traction against the Greenback, dropping over 0.65% during Friday’s North American session as the American currency benefits due to its safe-haven appeal as the US-Iran conflict is far from ending, despite holding talks to finish the war. The USD/MXN trades at 17.53, after bouncing off a daily low of 17.41. USD/MXN…
WASHINGTON, DC—The AI boom has thrust the power sector, a critical but largely invisible industry, into the political spotlight. Around the world, governments are grappling with data centers’ enormous energy demand, with consumers and lawmakers alike asking whether it can—or should—be met without driving up electricity bills. In the United States, however, a quieter trend threatens to push power rates even higher and weaken corporate accountability: utilities are consolidating at a rapid pace and piquing the interest of Wall Street investors.