energy

Waymo pauses robotaxi service in San Francisco after blackout chaos — Musk says Tesla car service unaffected

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Alphabet-owned Waymo has suspended its driverless ride-hail service in the San Francisco Bay Area after blackouts plagued the city Saturday afternoon. “We have temporarily suspended our ride-hailing services in the San Francisco Bay Area due to the widespread power outage,” a Waymo spokesperson tells CNBC. “Our teams are working diligently and in close coordination with … Read more

U.S. seizes vessel off Venezuelan coast: Reuters

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Government supporters participate in a protest against U.S. President Donald Trump’s order to blockade sanctioned oil tankers entering and leaving Venezuela, in Caracas, Venezuela December 17, 2025. Leonardo Fernandez Viloria | Reuters The United States is interdicting and seizing a vessel off the coast of Venezuela in international waters, three U.S. officials told Reuters on … Read more

Fusion deal: Why Trump Media is merging with TAE Technologies

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President Donald Trump’s social media company will provide the capital needed to bring TAE Technologies‘ first fusion power plant online in the United States by 2031, TAE CEO Michl Binderbauer told CNBC on Thursday. Binderbauer spoke shortly after his privately held company and Trump Media and Technology Group announced plans for an all-stock merger valued … Read more

House passes bill to ease permits for building out AI infrastructure

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The House of Representatives on Thursday passed a bill aimed at making it easier to get federal permits to build infrastructure for artificial intelligence projects. The bill, known as the SPEED Act, is backed Big Tech giants such as OpenAI, Micron and Microsoft The bill cleared the House in a 221-196 vote, overcoming a conservative … Read more

Trump Media announces $6 billion merger with fusion company TAE Technologies; DJT stock soars 25%

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Trump Media and Technology Group on Thursday announced a merger agreement with TAE Technologies, a privately held fusion power company, valued at more than $6 billion. The all-stock deal, expected to close in mid-2026, will result in shareholders of each firm owning approximately half of the combined company. The merger would create “one of the … Read more

BP names Meg O’Neill as new CEO — its fourth in 6 years

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British oil giant BP has appointed Woodside Energy boss Meg O’Neill as its next CEO, replacing Murray Auchincloss after less than two years in the role. Auchincloss will step down today, with Carol Howle, BP’s executive vice president for supply, trading and shipping set to serve as interim CEO until O’Neill takes over the role … Read more

AI future: Big Tech faces key House vote on reforming permit process

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Big Tech heavy hitters such as OpenAI, Meta, and Microsoft are pushing for Congress to advance legislation to reform the process for obtaining federal permits for projects to build out artificial intelligence infrastructure in the United States. Backers of the bill, the SPEED Act, argue it is key to helping the U.S. beat out China … Read more

India’s inflation rises to 0.71% in November as decline in food, fuel prices loses steam

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Shoppers purchase groceries at the upscale LuLu Hypermarket located in the Lulu International Shopping Mall in Kerala, India, on May 25, 2022. Nurphoto | Nurphoto | Getty Images India’s consumer inflation rose to 0.71% in November, accelerating from an all-time low of 0.25% in the prior month. The headline inflation number was in line with … Read more

Trump willing to seize more oil tankers off Venezuela coast, White House official says

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President Donald Trump is willing to seize more oil tankers off the coast of Venezuela, a White House official told CNBC on Thursday. The U.S. seized a tanker on Wednesday that had allegedly transported oil from Venezuela to Iran. The action comes as Trump escalates pressure on President Nicolás Maduro. The White House official told … Read more

‘Spoof’ ship: Seized oil tanker Skipper hid location data, visited Iran and Venezuela

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Skipper port calls in 2025 MarineTraffic The big crude oil tanker that U.S. forces seized Wednesday off the coast of Venezuela since 2024 has shown a “clear pattern” of spoofing its location to hide where it actually was, according to a leading energy consulting firm. And data suggests that the Guyana-flagged tanker identified as Skippe” … Read more