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The Taihuttu family in November, days after moving back to Phuket. Didi Taihuttu Confidence is quickly eroding in the crypto sector, as it faces a wave of bankruptcies and investigations into Sam Bankman-Fried and his failed exchange, FTX, for losing and misspending billions of dollars in user deposits. But Didi Taihuttu, his wife, three daughters,

US Treasury Secretary Janet Yellen tours the Ford Motor Company’s Rouge Electric Vehicle Center that builds the all-electric Ford F-150 Lightning with Linda Zhang,(R), chief engineer for the vehicle, before delivering an economic speech in Dearborn, Michigan, on September 8, 2022. Jeff Kowalsky | AFP | Getty Images The Treasury Department released guidelines Tuesday detailing

In this photo illustration, the BlockFi logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images BlockFi lawyers said during the crypto lender’s bankruptcy hearing on Tuesday that the firm plans to reopen withdrawals as part of an effort to “maximize client recoveries.” A day after BlockFi filed for

In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Tom Kaye of Plymouth, Pennsylvania tops off his neighbor’s gas tank for them on at a gas station in Wilkes-Barre, Pennsylvania, U.S. October 19, 2022.  Aimee Dilger | Reuters Oil prices are defying expectations and are barely higher on the year, as the outlook

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Advice for new Club members Buying DVN Stay disciplined with WYNN 1. Advice for new Club members Stocks fell on Monday on reports of protests against Covid restrictions in China

In this article NK-FR Follow your favorite stocksCREATE FREE ACCOUNT This image, from March 2021, shows a worker with car batteries at a facility in China. STR | AFP | Getty Images China is leading the way when it comes to lithium — and the rest of the world has not been quick enough to

Commissioner for energy Kadri Simson is talking to media. EU countries are debating new steps to deal with the energy crisis. Thierry Monasse | Getty Images News | Getty Images Several EU member states are not happy with the bloc’s proposed cap on natural gas prices — at 275 euros per megawatt hour — which

In this article EDF-FR Follow your favorite stocksCREATE FREE ACCOUNT This image, from Sept. 2022, shows French President Emmanuel Macron speaking with workers on board a boat during a visit to the Saint-Nazaire Offshore Wind Farm. Stephane Mahe | AFP | Getty Images A facility described as “France’s first commercial-scale offshore wind project” is fully

Picture taken on May 3, 2022 shows a general view of Slovakia’s largest mineral oil refinery Slovnaft in Bratislava, Slovakia. (Photo by JOE KLAMAR / AFP) Joe Klamar | Afp | Getty Images The Group of 7 nations are in talks to cap Russian oil at $65 and $70 a barrel — but analysts say

EU energy ministers fail to agree on a cap for natural gas prices. New emergency meeting due in mid-December. Kenzo Tribouillard | Afp | Getty Images BRUSSELS — European energy ministers failed to reach a compromise over a cap on natural gas prices after “heated,” “ugly” and “tough” discussions. The 27 EU leaders agreed in

In this article RNO-FR ENGI-FR Follow your favorite stocksCREATE FREE ACCOUNT A Renault logo photographed in Bavaria, Germany. The French automotive giant says it’s targeting carbon neutrality in Europe by 2040 and globally by 2050. Igor Golovniov/Sopa Images | Lightrocket | Getty Images The Renault Group is working with French utility Engie on the development

Ocean Oasis’ Gaia system has been designed to use wave power to desalinate water. Ocean Oasis Plans to use marine energy to desalinate water received a further boost this week, after a Norwegian firm presented a system that will be put through its paces in waters off Gran Canaria. In a statement Monday, Oslo-headquartered Ocean

Barry Silbert, Founder and CEO, Digital Currency Group  David A. Grogan | CNBC Barry Silbert, the founder of crypto conglomerate Digital Currency Group, has joined a growing list of industry leaders in trying to settle investors’ nerves after the sudden collapse of FTX. In a note to shareholders on Tuesday, Silbert addressed all the “noise”

Sam Bankman-Fried, co-founder and CEO of FTX, in Hong Kong, China, on Tuesday, May 11, 2021. Lam Yik | Bloomberg | Getty Images FTX’s ex-CEO Sam Bankman-Fried blamed his “irrational decisions” on “sh—y” circumstances in a letter obtained by CNBC that was sent to employees of the bankrupt crypto exchange. Bankman-Fried said he “froze up

These machines, known as mining rigs, work round the clock to find new units of cryptocurrency. Benjamin Hall | CNBC New York Gov. Kathy Hochul signed a law Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. For the next two years, unless a proof-of-work mining company uses 100% renewable energy, it

Speaking late last month, U.S. President Joe Biden threatened to pursue higher taxes on oil company profits if industry giants do not work to cut gas prices. Brandon Bell | Getty Images Oxfam on Monday filed shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips, saying a lack of transparency over their global

Aerial view of the Diablo Canyon, the only operational nuclear plant left in California, due to be shutdown in 2024 despite safely producing nearly 15% of the state’s green electrical energy power, is viewed in these aerial photos taken on December 1, 2021, near Avila Beach, California. George Rose | Getty Images The Biden administration

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Oil slides Disney ousts Chapek Salesforce growth concerns 1. Oil slides All four of the Club’s energy stocks — Coterra Energy (CTRA), Pioneer Natural Resources (PXD), Halliburton (HAL) and Devon

Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release” of greenhouse gas emissions that, if deliberate, “amounts to an environmental crime.” Anadolu Agency | Anadolu Agency | Getty Images Sweden’s prosecutor’s office said Friday that an investigation into gas leaks from two underwater pipelines

Former US secretary of the treasury Steven Mnuchin on a panel at the Future Investment Initiative in Saudi Arabia in October 2022. Mnuchin this week criticized the G-7’s plan for a cap on Fayez Nureldine | Afp | Getty Images Former U.S. Treasury Secretary Steve Mnuchin described the G-7’s plan for a price cap on