Argentina is trying to position itself as a global hub for clean energy, attracting private investment in lithium mining while marketing new battery factories in the region.The World Bank has framed some of the lithium projects it backs as “climate action” that will help advance the clean energy transition.But critics say lithium mining is hurting local and Indigenous communities and depleting freshwater resources.The race to buy up private land for lithium mining has also allowed an influx of international corporations that may contribute to increased carbon emissions rather than help lower them, critics point out.See All Key Ideas …
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The cost for a gallon of gasoline in California is going up — but whether it’s increasing just a little bit or an awful lot is a hot-button political topic. One price bump is definitive, and it went into effect Tuesday. July 1 marked the start of the new fiscal year and the state’s gasoline excise tax ticked up from 59.6 cents to 61.2 cents, an increase of 1.6 cents per gallon. As per Senate Bill 1, which the Legislature in Sacramento passed and then-Gov. Jerry Brown signed into law in 2017, the excise tax on motor vehicle fuels gets…
Meta Platforms—the parent company of Facebook, Instagram, and WhatsApp—signed a major deal to secure 791 megawatts (MW) of renewable energy from Invenergy. This brings Meta’s total clean energy procurement from Invenergy to 1,800 MW, supporting the company’s net-zero goals and expanding data center and AI operations. The new agreement includes four projects: 300 MW Yellow Wood Solar (Ohio) 140 MW Pleasant Prairie Solar (Ohio) 155 MW Decoy Solar (Arkansas) 196 MW Seaway Wind (Texas) All projects are scheduled to go live between 2027 and 2028. While the electricity flows into the local grid, Meta receives clean energy credits to meet…
The S&P 500 (^GSPC) is back at an all-time high for the first time since February as optimism around Federal Reserve interest rate cuts and fading fears of tariffs have driven stocks higher. In the final full trading week of June, the S&P 500 rose 3.5%, while the Nasdaq Composite (^IXIC) rose more than 4.1%. Both indexes ended the week at all-time highs. Meanwhile, the Dow Jones Industrial Average (^DJI) added about 3.8%. The June jobs report will headline the first week of July. Fresh readings on job openings and wage data, as well as manufacturing and services activity, will…
European junk bonds just had a blockbuster month. Investors poured into the market at record pace, with 22.5 billion ($26.6 billion) worth of high-yield debt sold in Junesurpassing the previous monthly high set in 2021 by nearly 4 billion, according to Bloomberg. That includes a rare Triple C-rated deal from Flora Food Group, backed by KKR (NYSE:KKR), marking the first issuance in that credit tier in almost a year. Insight Investment’s Catherine Braganza noted that capital is flowing in from both equities and long-duration bonds, as investors look for yield in a market that still offers relatively attractive fundamentals. The…
Google has signed a major power purchase agreement (PPA) for 200 megawatts (MW) of clean fusion power from Commonwealth Fusion Systems’ (CFS) first commercial fusion power plant, ARC. This plant, located in Chesterfield County, Virginia, is set to provide carbon-free power to the grid by the early 2030s. The tech giant also has the option to buy electricity from more ARC plants in the future. As an investor in CFS since 2021, Google is increasing its stake in the fusion company. While financial terms are undisclosed, this agreement is a big step forward for fusion power and shows Google’s commitment…
Micron Technology, Inc. (Nasdaq: MU), a global leader in innovative memory and storage solutions, exceeded expectations in its fiscal Q3 2025. The semiconductor giant reported revenue of $9.3 billion, up from $8.05 billion last quarter and $6.81 billion a year ago. With strong customer focus and advanced technology, the company offers high-performance DRAM, NAND, and NOR products under its Micron® and Crucial® brands. Its solutions support AI and data-intensive applications across data centers, mobile devices, and the intelligent edge. Micron Crushes Q3 2025 with AI-Driven Growth Sanjay Mehrotra, Chairman, President, and CEO of Micron Technology, “Micron delivered record revenue in…
Image source: Getty Images Cash ISAs had slipped out of the headlines recently. But they’ve bounced back into the spotlight this week, amid news that changes to annual allowances are just around the corner. On Monday (30 June), speculation that the £20,000 yearly limit will be sliced back gained momentum. On that day, government officials said a shake-up could come later in July. Chancellor of the Exchequer Rachel Reeves will announce changes at her upcoming Mansion House speech on 15 July, these sources told the Financial Times. A rebasing in the allowance to around £5,000 a year is widely tipped,…
Image source: Getty Images The Lloyds Banking Group (LSE:LLOY) share price has had quite the run over the last five years. The stock is up 147% and it still has a dividend yield of more than 4%. Investors, however, should be at least a bit wary about the near future. The Supreme Court is set to rule on the ongoing motor loans investigation this month – and the effects could be huge. Regulation Since the start of 2024, Lloyds has been the subject of an ongoing investigation from the Financial Conduct Authority (FCA). The issue concerns commissions for selling car…
ICICI Prudential Mutual Fund has announced the launch of the ICICI Prudential Nifty Private Bank Index Fund, an open-ended index scheme that aims to mirror the performance of the Nifty Private Bank Total Return Index (TRI).The New Fund Offer (NFO) will remain open from July 1 to July 14, 2025.The fund is designed to give investors low-cost, rule-based exposure to India’s private banking sector. The scheme will passively invest in a basket of India’s top 10 private sector banks, selected from the Nifty 500 based on free-float market capitalisation. The fund will follow the index methodology of the Nifty Private…