CoreWeave’s Credit Rebound Drives Cheaper Data Center FundingWhen Applied Digital Corp. first tapped the junk-bond market in November to fund a data center project tied to CoreWeave Inc., it had to stomach a hefty yield to get the deal done. Fast forward to this week, and borrowing costs for another portion of the same project tumbled.
Texas Governor Seeks Consumer Protection From Data Center CostsTexas Governor Greg Abbott called on state regulators to better protect ratepayers from shouldering the costs of the data center buildout, the latest sign of growing political scrutiny over the AI-driven surge in electricity demand.
UK Poised to Extend Life of Sizewell B Nuclear Plant by 20 YearsElectricite de France SA and Centrica Plc are poised to agree on a draft deal with the UK government to extend the life of the Sizewell B nuclear power station by two decades, according to people familiar with the matter.
Starmer Crisis Throws Further Doubt on Thames Water DealThe board of UK watchdog Ofwat remains locked in a stalemate over the future of Thames Water and the decision about the future of the utility is now complicated by a possible change in prime minister, according to a person familiar with the matter.
SpaceX IPO Spurs Wall Street Stress Tests Across Market SystemsWall Street has spent months debating how much SpaceX is worth. Behind the scenes, a different challenge has occupied the institutions responsible for bringing it public: preparing the plumbing systems needed to support what could become the largest IPO in history.
Oil Tankers Go Dark to Sneak More Barrels Through HormuzOff the coast of Oman over the weekend, 16 tankers clustered together to transfer millions of barrels of oil that had been stranded in the Persian Gulf. A month ago, that area had been entirely empty.
Iraq Boosts Oil Exports as More Tankers Transit Strait of HormuzIraq is accelerating oil loadings at its main port and boosting shipments out of the Persian Gulf in the latest sign that the region’s top OPEC producers are getting more barrels through the vital Strait of Hormuz.
Amazon’s Trucking Push Sparks New Slide in Transport StocksShares of several large trucking companies plunged on Wednesday after Amazon.com Inc. announced an expansion of its shipping service that has already shaken the transportation and logistics sector and unsettled investors.
Europe Plans to Extend Emission Charges to Foreign FlightsThe European Union wants to extend charges for carbon emissions to foreign flights and use the revenue to support its transition to clean energy, a move that risks backlash from foreign airlines and governments.
RFK Jr. Says Ultra-Processed Food Definition Awaiting ApprovalHealth Secretary Robert F. Kennedy Jr. said his administration has written a definition for what constitutes ultra-processed food and it’s awaiting approval by the White House.
Starbucks Can Double Its Store Count Outside of the US, CEO SaysStarbucks Corp. Chief Executive Officer Brian Niccol said the coffee chain has the potential for aggressive growth in other countries.