Read more in CNBC here.
Author: cnbc
Post
Gas prices fall to four-year lows as millions embark on holiday road trips
Holiday road-trippers are feeling some relief at the pump this year. The average price of unleaded gasoline in the U.S. has been below $3 a gallon for most of the month — the lowest level since 2021, according to AAA. The association said it’s shaping up to be the cheapest December for drivers filling up their tanks going back to the...
Post
Trump Media announces $6 billion merger with fusion company TAE Technologies
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. Trump Media shares — which have plummeted more...
Post
Google, Kairos Power plan advanced nuclear plant for Tennessee Valley Authority grid by 2030
Alphabet’s Google and Kairos Power will deploy an advanced nuclear plant connected to the Tennessee Valley Authority’s electric grid by 2030, the companies announced Monday. TVA has agreed to purchase up to 50 megawatts of power from Kairos’ Hermes 2 reactor. It is the first utility in the U.S. to sign a power purchase agreement with...
Post
Tsunami waves reach California and Hawaii after massive earthquake in Russia
Tsunami waves have reached California and Hawaii several hours after a powerful 8.8 magnitude earthquake in Russia’s Far East. The U.S. National Tsunami Warning Center said Wednesday morning that tsunami waves measuring 1.6 feet above tide level have been observed in Arena Cove in the U.S. state of California. In Hawaii, tsunami waves of up to 4.9...
Post
Trump EPA seeks to repeal finding that carbon dioxide emissions threaten public health
The Trump administration is seeking to repeal a landmark finding that greenhouse gas emissions pose a threat to public health, the head of the Environmental Protection Agency said Tuesday. “This has been referred to as basically driving a dagger into the heart of the climate change religion,” EPA administrator Lee Zeldin told the conservative “Ruthless...
Post
Westinghouse plans to build 10 large nuclear reactors in U.S., interim CEO tells Trump
Westinghouse plans to build 10 large nuclear reactors in the U.S. with construction to begin by 2030, interim CEO Dan Sumner told President Donald Trump at a roundtable in Pittsburgh on Tuesday. Westinghouse’s big AP1000 reactor generates enough electricity to power more than 750,000 homes, according to the company. Building 10 of these reactors would drive $75 billion of...
Post
Aerospace giant Rolls-Royce to build Britain’s first small modular nuclear reactors
British aerospace group Rolls-Royce on Tuesday received backing from the U.K. government to build the country’s first small modular nuclear reactors. The announcement follows a two-year selection process and reaffirms Britain’s embrace of nuclear power, particularly as it also pledged on Tuesday to invest £14.2 billion ($19.2 billion) to build the large Sizewell C power station in eastern England. U.K. Energy...
Post
These nuclear companies are leading the race to build advanced small reactors in the U.S.
The nuclear industry is racing to launch advanced small reactors by the early 2030s, aiming to meet the deep-pocketed technology sector’s growing need for electricity to fuel artificial intelligence. The world has relied largely on the same pressurized-water reactor technology for the past 70 years, but those plants have proven incredibly expensive to build in...
Post
How the U.S. is losing ground to China in nuclear fusion, as AI power needs surge
China and the U.S. are in a race to create the first grid-scale nuclear fusion energy. After decades of U.S. leadership, China is catching up by spending twice as much and building projects at record speed. Often called the holy grail of clean energy, nuclear fusion creates four times more energy per kilogram of fuel than traditional...