[ad_1] Meta, the parent company of Facebook, Instagram, and WhatsApp, has taken another big step toward its clean energy goals through solar. The company announced a deal to buy 650 megawatts (MW) of solar power from AES, an American energy company. This new power purchase agreement (PPA) supports Meta’s fast-growing data centers in Texas and Kansas. As Meta continues to expand its artificial intelligence (AI) services, it also increases its demand for energy. This latest solar deal highlights how the company plans to meet that demand with renewable energy. A Big Push for Solar in the U.S. Meta’s new agreement…
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[ad_1] The European Parliament has approved a big change to the Carbon Border Adjustment Mechanism (CBAM). This update makes the carbon import rules of the EU CBAM simpler. It also gives a major exemption for small and medium-sized enterprises (SMEs). The new rule passed with a strong 564-20 vote. It sets a 50-tonne annual import limit. This change exempts about 90% of importers but still targets 99% of embedded emissions. These changes are a key milestone in European carbon policy. They aim to balance emissions responsibility with economic flexibility. What Does the 50-Tonne Threshold Mean for SMEs? The new CBAM…
[ad_1] After a wild week for Treasury yields, Bank of America’s Michael Hartnett is making a big contrarian call, telling clients to bet on battered long-duration U.S. government debt. In a trade he calls “Buy Humiliation, sell Hubris,” the firm’s chief investment strategist thinks the 30-year bond, yielding over 5% around levels not seen since late 2023 and the dot-com bust before that, is a “cyclical buy opportunity.” Writing in his weekly report on where investor cash is moving, Hartnett noted that long bonds are in the “same humiliating place that stock returns were in Feb’09 (-3.4%, then worst rolling…
[ad_1] Pamela Wu of Morgan Lewis discusses guidance by the Voluntary Carbon Markets Integrity Initiative, on reducing Scope 3 emissions, which are indirect greenhouse gas emissions that occur in a company’s value chain. [ad_2] Source link
[ad_1] Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino.Courtesy: MonarchThe personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned.The fundraising is among the largest for an American consumer fintech startup this year and values the San Francisco-based company at $850 million, according to co-founder Val Agostino. The Series B round was led by Forerunner Ventures and FPV Ventures.Monarch aims to provide an all-in-one mobile app for tracking spending, investments and money goals. The field was once dominated by Mint,…
[ad_1] Microsoft has partnered with Danish shipping company NORDEN. The tech giant’s goal is to cut its Scope 3 maritime emissions by almost 10,000 tons of CO₂e in three years. This is why they are starting a sustainable shipping initiative. This uses NORDEN’s certified waste-based biofuel and its Book and Claim solution to decarbonize Microsoft’s global logistics. Julia Fidler, Environmental Sustainability – Fuel and Material Decarbonization Lead at Microsoft, noted, “This project with NORDEN, together with our pilot with the RSB, will further develop the important registry infrastructure required to help Microsoft lower our maritime supply chain emissions in a…
[ad_1] Chicago Federal Reserve President Austan Goolsbee said Friday that President Donald Trump’s latest tariff threats have complicated policy and likely put off changes to interest rates.In a CNBC interview, the central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will be on hold as it evaluates the ever-changing trade policy and how it impacts inflation and employment.”Everything’s always on the table. But I feel like the bar for me is a little higher for action in any direction while we’re waiting to get some clarity,” Goolsbee said on “Squawk Box”…
[ad_1] Image source: The Motley Fool Few investors have been as successful on a large scale as billionaire Warren Buffett. Few have caught other investors’ imagination in quite the same way, either, thanks in part to the way Buffett shares his investing wisdom freely and clearly. What shares are In this year’s letter to Berkshire Hathaway shareholders, Buffett said he views shares as “as partial ownership of businesses”. So while traders look at shares as numbers or bits of paper, Buffett considers them as a stake in a business. If he would not want to own the whole business, why…
[ad_1] Over the past year, Tesla (NASDAQ:TSLA) stock’s taken a backseat in Elon Musk’s mind. Since publicly endorsing Donald Trump’s Presidential campaign on 13 June 2024, the billionaire has devoted considerable energy to political priorities and less on electric vehicles (EVs). That might be about to change. Refocusing his attention to business, Musk recently pledged to spend less money on politics. He still plans on being Tesla’s boss in five years’ time. So how has Tesla stock performed since its CEO’s foray into the political arena? And what does the future hold for the world’s most valuable EV company? Friends…
[ad_1] Image source: Getty Images Since hitting a record in February, the S&P 500 has ridden a roller-coaster ride. Yet after steep falls and rises, the index is unchanged since 5 March. Burst bubble? On 19 February 2025, the S&P 500 peaked at 6,147.43, before slipping. This peak didn’t last as share prices lost momentum. And after President Trump announced the highest US import tariffs since 1930, stocks crashed. At its 2025 low on 7 April, the S&P 500 hit 4,835.04. This left the index down 21.3% in seven weeks — among its most brutal falls ever. However, this latest…