The Taihuttu family in November, days after moving back to Phuket. Didi Taihuttu Confidence is quickly eroding in the crypto sector, as it faces a wave of bankruptcies and investigations into Sam Bankman-Fried and his failed exchange, FTX, for losing and misspending billions of dollars in user deposits. But Didi Taihuttu; his wife, Romaine; three daughters,
Environment
In this article FMG-AU GSBD Follow your favorite stocksCREATE FREE ACCOUNT Hydrogen storage tanks photographed in Spain on May 19, 2022. Hydrogen has a diverse range of applications and can be deployed in a wide range of industries. Angel Garcia | Bloomberg | Getty Images The United States’ Inflation Reduction Act represents a “turning point”
Flames from a flaring pit near a well in the Bakken Oil Field. The primary component of natural gas is methane, which is odorless when it comes directly out of the gas well. In addition to methane, natural gas typically contains other hydrocarbons such as ethane, propane, butane, and pentanes. Orjan F. Ellingvag | Corbis
In this article IBE-ES ENEL-IT Follow your favorite stocksCREATE FREE ACCOUNT This image, from March 2022, shows wind turbines and gas storage facilities in Germany. Europe’s energy markets have experienced turbulence in recent months. Jan Woitas | Picture Alliance | Getty Images The CEO of Italian power firm Enel told CNBC Tuesday that turbulence in
In this article RNO-FR ENGI-FR Follow your favorite stocksCREATE FREE ACCOUNT A Renault logo photographed in Bavaria, Germany. The French automotive giant says it’s targeting carbon neutrality in Europe by 2040 and globally by 2050. Igor Golovniov/Sopa Images | Lightrocket | Getty Images The Renault Group is working with French utility Engie on the development
In this article NK-FR Follow your favorite stocksCREATE FREE ACCOUNT This image, from March 2021, shows a worker with car batteries at a facility in China. STR | AFP | Getty Images China is leading the way when it comes to lithium — and the rest of the world has not been quick enough to
Speaking late last month, U.S. President Joe Biden threatened to pursue higher taxes on oil company profits if industry giants do not work to cut gas prices. Brandon Bell | Getty Images Oxfam on Monday filed shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips, saying a lack of transparency over their global
Aerial view of the Diablo Canyon, the only operational nuclear plant left in California, due to be shutdown in 2024 despite safely producing nearly 15% of the state’s green electrical energy power, is viewed in these aerial photos taken on December 1, 2021, near Avila Beach, California. George Rose | Getty Images The Biden administration
In this article BNB.CM= FTT.CM= Follow your favorite stocksCREATE FREE ACCOUNT Bahamas-based crypto exchange FTX filed for bankruptcy in the U.S. on Nov. 11, 2022, seeking court protection as it looks for a way to return money to users. Nurphoto | Nurphoto | Getty Images FTX’s new CEO said on Saturday that the bankrupt crypto
Former US secretary of the treasury Steven Mnuchin on a panel at the Future Investment Initiative in Saudi Arabia in October 2022. Mnuchin this week criticized the G-7’s plan for a cap on Fayez Nureldine | Afp | Getty Images Former U.S. Treasury Secretary Steve Mnuchin described the G-7’s plan for a price cap on
We’re buying 100 shares of Coterra Energy (CTRA) at roughly $26.47 each. Following Friday’s trade, the Charitable Trust will own 1,500 shares of CTRA, increasing its weighting in the portfolio to 1.37% from 1.28%. Oil-related stocks were getting hit hard Friday, but we’re viewing the group’s decline with an opportunistic lens. The cause of the
In this article SGRE-ES ENR-DE Follow your favorite stocksCREATE FREE ACCOUNT Wind turbine blades photographed at a Siemens Gamesa facility in Hull, England, in January 2022. Paul Ellis | AFP | Getty Images The CEO of Siemens Energy on Wednesday argued that the energy transition would fail unless his industry addressed a number of issues
In this article ENR-FF BP Follow your favorite stocksCREATE FREE ACCOUNT This image shows part of a green hydrogen facility in Spain. A number of major economies, including the EU, are looking to develop green hydrogen projects in the coming years. Angel Garcia | Bloomberg | Getty Images Plans for an Australian “super hub” focused
In this article EQNR-NO EQNR Follow your favorite stocksCREATE FREE ACCOUNT Offices of Equinor photographed in Feb. 2019. Equinor is one of several companies looking at developing floating wind farms. Odin Jaeger | Bloomberg | Getty Images A facility described as the world’s largest floating wind farm produced its first power over the weekend, with
In this photo illustration, the FTX website is seen on a computer on November 10, 2022 in Atlanta, Georgia. Binance, the world’s largest cryptocurrency firm, agreed to acquire FTX, another large cryptocurrency exchange, in a rushed sale in order to prevent a liquidity crisis, which is known as the “Lehman Moment” in the crypto industry.
An attendee wears a “Will Work for NFTs” shirt during the CoinDesk 2022 Consensus Festival in Austin, Texas, US, on Thursday, June 9, 2022. The festival showcases all sides of the blockchain, crypto, NFT, and Web 3 ecosystems, and their wide-reaching effect on commerce, culture, and communities. Jordan Vonderhaar | Bloomberg | Getty Images A
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX’s Sam Bankman-Fried tweeted Thursday morning that he is “sorry,” admitting that he “f—ed up” and “should have done better.” Bankman-Fried also announced that he is winding down
FTX’s U.S. website says trading “may be halted” in a few days after the parent company spiraled toward collapse this week from a liquidity crisis. “Please close down any positions you want to close down,” FTX U.S. said in an announcement on its site on Thursday. “Withdrawals are and will remain open. We will give
Binance CEO Changpeng Zhao speaking at a press conference during Web Summit 2022. Ben Mcshane | Sportsfile | Getty Images Binance CEO Changpeng Zhao said on Wednesday that he “did not master plan” the collapse of rival crypto exchange FTX. In an email to employees that he made public, Zhao said FTX going down “is not
Binance is backing out of its plans to acquire FTX, the company said Wednesday, leaving Sam Bankman-Fried’s crypto empire on the verge of collapse. The reversal comes one day after Binance CEO Changpeng Zhao announced that the world’s largest cryptocurrency firm had reached a non-binding deal to buy FTX’s non-U.S. businesses for an undisclosed amount, rescuing the
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