Money, Wealth & Power—A Daily Look at the Financial World
The Global Energy Alliance for People and Planet is seeking to raise about $100 million by 2028 to support the digitization of India’s electricity grid, according to a Reuters report citing the alliance’s CEO. The effort is framed as a way to help India integrate more renewable power as it pursues its net-zero goal for…
Canada is set to cut its effective tariff on Chinese electric vehicles from 100% to 6.1%, and polling shows many Canadians are ready to buy. The policy shift, described in reporting as part of a broader deal with Beijing, opens the door to more affordable Chinese-made EVs entering the Canadian market each year. The shift…
Russia’s Lukoil, a 75% stakeholder in Iraq’s West Qurna 2—one of the world’s biggest oil fields—is suddenly losing its grip on the project’s operations after U.S. sanctions forced the company into a rushed divestment of its international holdings. Iraq announced plans to nationalize the field’s operations as Lukoil faces a January 17 deadline to sell…
Illinois Governor JB Pritzker, a Democrat, announced plans on February 18, 2026, to temporarily suspend tax incentives for data centers, directly linking the facilities’ explosive electricity demand to rising power bills across the state. The proposal targets a generous incentive package that has offered sales tax exemptions lasting up to 20 years, and it arrives…
Ford Motor Co. is staking roughly $5 billion on a bet that it can build an electric pickup truck affordable enough to compete with gas-powered alternatives. The centerpiece of that wager is a $2 billion overhaul of the company’s Kentucky Truck Plant, where production lines will be retooled to accommodate a new electric vehicle platform…
Florida legislators are trying to stop data centers from driving up electricity bills for ordinary households, but the very bills designed to protect consumers carry a built-in contradiction that could undermine public accountability. Senate Bill 484, filed for the 2026 session, would ban certain nondisclosure agreements between state agencies and data center operators while directing…
Ethereum creator Vitalik Buterin issued a sharp critique of crypto prediction markets on February 14, warning that platforms like Polymarket are drifting toward what he called “corposlop,” dominated by sports betting and short-term crypto price wagers rather than genuine forecasting tools. The rebuke arrives as prediction markets face an escalating legal and regulatory battle across…
David Tepper’s Appaloosa LP has placed a $285 million bet on Micron Technology, a soaring AI-memory tech titan. The position, disclosed in a regulatory filing made public today, ties its full value to the assumption that call options on Micron shares are exercised, a structure that amplifies both the upside and the risk. The move…
BlackRock filed a registration statement on December 5, 2025, for a new iShares Staked Ethereum Trust ETF that would pass roughly 82% of Ethereum staking rewards to shareholders, keeping the remaining portion as a fee. The proposed fund, expected to trade under the ticker ETHB, represents a distinct product from BlackRock’s existing spot ether ETF…
Berkshire Hathaway reduced its positions in Amazon, Apple, and Bank of America during the fourth quarter of 2024, while adding at least one new holding to its portfolio, according to the company’s latest regulatory filing with the U.S. Securities and Exchange Commission. The filing has also prompted fresh questions among investors about whether the 94-year-old…