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Yahoo FinanceThese 3 stocks are poised to benefit from the massive energy transition
The energy transition will benefit companies providing electrical needs for surging demand. Analysts point to these three stocks as a Buy.
- Yahoo Finance
ConocoPhillips's $22.5 billion deal for Marathon Oil highlights energy M&A wave
US energy consolidation continues with the announcement that ConocoPhillips will buy Marathon Oil for $22.5 billion.
- Yahoo Finance
EU automakers slip as China threatens retaliatory tariffs on luxury cars
The Chinese government threatened retaliatory tariffs on imports of European Union and US-made vehicles following the EU’s move to investigate Chinese EV subsidies and the White House’s tariff escalation on Chinese-made goods.
- TechCrunch
China's $47B semiconductor fund puts chip sovereignty front and center
China has closed a third state-backed investment fund to bolster its semiconductor industry and reduce reliance on other nations, both for using and manufacturing wafers — prioritizing what is called chip sovereignty. China's National Integrated Circuit Industry Investment Fund, also known simply as "the Big Fund," had two previous vintages: Big Fund I (2014 to 2019) and Big Fund II (2019 to 2024). The latter was significantly larger than the former, but Big Fund III is larger than both at 344 billion yuan, or about $47.5 billion, public filings revealed.
- Yahoo Finance
US chip manufacturing capacity projected to triple by 2032, fueled by CHIPS Act: Industry leader
US chip manufacturing capacity is projected to triple by 2032, according to a new report published by the Semiconductor Industry Association, signaling progress nearly two years after President Biden signed the CHIPS and Science Act into law.
- Yahoo Finance
Audi furthers EV push into China with new platform agreement
Volkswagen’s Audi premium group is pushing deeper into the Chinese market with domestic partnerships, signing a deal with state-owned SAIC to develop new EVs for the mainland. This comes as global rivals like GM and Ford look to minimize losses in the region.
- Engadget
South Korea aims to bolster local chip production with $19 billion of support
South Korea has announced a $19 billion support package to help its semiconductor industry compete with those in the US, China and Taiwan.
- Yahoo Finance
Nvidia's blowout earnings highlight a challenge in the AI age
Data centers running AI models require more energy. Where will it all come from?
- Yahoo Finance
Gas prices expected to jump this summer on refinery constraints
Gas prices are expected to rise this summer amid higher refining costs and capacity constraints.
- Autoblog
Why Biden's quadrupled Chinese EV tariffs will have little immediate impact
The big headline from President Biden’s new tariffs on Chinese goods announced Tuesday was the massive hit to electric vehicles made in China. Of which, there aren't many.