Governor blasts finding that Xcel Energy can recover $509M in storm costs from customers

An administrative law judge’s recommendation that Xcel Energy-Colorado be allowed to recover approximately $509 million from customers for costs from a 2021 winter storm led Gov. Jared Polis to denounce letting utilities “balance their financial loss on the backs of consumers.” The Colorado Public Utilities Commission will decide whether Xcel Energy, the state’s largest electric utility, can pass on some […]

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Asian shares trim weekly losses, dollar steady near 20-year highs

SHANGHAI (Reuters) – Asian shares bounced on Friday, but were set for a second straight weekly loss and remained near June 2020 lows, while the dollar hovered near 20-year highs as investors digested worries about strong inflation and tightening central bank policy.FILE PHOTO: A man holding an umbrella looks at an electronic stock quotation board outside a brokerage in Tokyo […]

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Eric Watson pleads advancing years in standoff with SEC

Where is Eric Watson? It’s a question that United States securities regulators will now be asking in advertisements in the New York Times after their efforts to find and serve the controversial New Zealand businessman with formal complaint of insider trading proved unsuccessful. In July last year the Securities and Exchange Commission filed a civil complaint that Watson – and […]

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Crypto exchange FTX CEO reveals stake in trading app Robinhood

FILE PHOTO: The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly(Reuters) -Samuel Bankman-Fried, the chief executive and founder of cryptocurrency exchange FTX, revealed a 7.6% stake in Robinhood Markets Inc on Thursday, capitalizing on the weakness of the shares of […]

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Renault says split-off electric unit could employ 10,000 staff by 2023

The new Renault Megane E-Tech 100% Electric car is displayed ahead of the 2021 Munich Motor Show during a presentation in Aubervilliers near Paris, France, September 2, 2021. REUTERS/Eric GaillardPARIS (Reuters) -French carmaker Renault on Thursday said the two business units that would result from its planned separation of electric and conventional car production could each employ 10,000 staff by […]

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Analysis-Jetmakers’ inflation shield no match for soaring costs

DUBLIN (Reuters) – Inflation clauses that determine how much airlines pay for new jets have jumped into a “hyper-escalation” band, pushing up aircraft prices but still leaving manufacturers unable to fully pass on their soaring costs, industry executives told Reuters.FILE PHOTO: An Airbus A321 is being assembled in the final assembly line hangar at the Airbus U.S. Manufacturing Facility in […]

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DigitalBridge buys data center company Switch for $11 billion

(Reuters) -DigitalBridge Group Inc has agreed to buy data center operator Switch Inc for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds.The Switch logo is pictured on a data center in Las Vegas, Nevada, U.S., October 6, 2017. REUTERS/Chris WattieBoca Raton, Florida-based DigitalBridge and Australian […]

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CPI, PPI: Markets look for signs of U.S. inflation peak

NEW YORK (Reuters) – In the wake of the 50-basis-point interest rate hike by an increasingly hawkish Federal Reserve, markets have gyrated wildly ahead of this week’s U.S. economic data, which will be closely parsed for signs that inflation is peaking.FILE PHOTO: People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., […]

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Juha Saarinen: Having a smartphone neural breakdown

OPINION: How will smartphone vendors differentiate their products to make users drop an often substantial amount of money for new devices that on the surface only offer incremental improvements? This is going to be a bit deep geek as the answer hides inside the devices. There’s nothing but to dive in and check out the tech, I’m afraid. For the […]

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