Energy

Gas prices tumble below  a gallon for first time in months

Gas prices tumble below $4 a gallon for first time in months

The national average price for regular gasoline fell to $3.99 a gallon on Thursday, according to AAA. Gas prices hit a record high of $5.02 in June as drivers filled their tanks for the summer travel season. They were also pushed higher by soaring global oil prices as the West turned its back on Russian …

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Dollar drops on cooler-than-expected US inflation data

Dollar drops on cooler-than-expected US inflation data

US One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com register NEW YORK, Aug 10 (Reuters) – The dollar fell broadly on Wednesday following a cooler-than-expected US inflation report for July that raised expectations of a …

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Ethereum Goerli testnet merge goes live before move to proof-of-stake

Ethereum Goerli testnet merge goes live before move to proof-of-stake

Ethereum is the world’s second-biggest cryptocurrency, and it’s giving bitcoin a run for its money. getty Ethereum, the second-largest cryptocurrency by market value, just ran a final dress rehearsal ahead of a years-awaited upgrade that’s been billed as one of the most important events in the history of crypto. Since its creation almost a decade …

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Plug Power stock dips after earnings hit by fuel pressure

Shares of Plug Power Inc. dipped in after-hours trading Tuesday after the hydrogen fuel-cell company fell shy of expectations with its latest revenue and earnings. The company recorded a second-quarter net loss of $173.3 million, or 30 cents a share, compared with a loss of $99.6 million, or 18 cents a share, in the year-earlier …

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Why are gas prices falling? National average below $4 a gallon for first time since March: GasBuddy

Filling up at the gasoline pump may still be a painful pocketbook experience, but the hurt appears to be fading day by day, with the US national average price sliding below $4 a gallon Tuesday for the first time since March, according to one tracking service. The average price fell to $3.99 on Tuesday, according …

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Shrinking US cattle herd signals more pain from high beef prices

Cuts of meat are seen for sale at a butcher shop in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register CHICAGO, Aug 9 (Reuters) – US consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle …

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Aluminum foundry fights for survival in European gas crisis

Family-owned aluminum foundry trials new shift pattern Plan to maintain production and reduce gas usage Carmakers warn output cuts inevitable if suppliers close New gas-free technologies will take years to scale up Suppliers need more help to innovate, industry says SOLTAU, Germany, Aug 9 (Reuters) – Shouting over the clanging of machinery, Gerd Roeders is …

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Oil rises as Russian pipeline halt revives supply fears

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, US November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com register Russia oil exports halted via southern leg of Druzhba pipeline EU puts forward ‘final’ text to resurrect Iran nuclear deal …

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Berkshire Hathaway boosts Occidental Petroleum stake above 20%

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com register August 8 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) bought …

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Tornado Cash crackdown by Treasury punishes honest crypto investors

A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021. Neil Serfas | via Reuters The Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk. “Every US person is going to have to be very …

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