The push for a four-day workweek has gained traction during the coronavirus pandemic, even grabbing the attention of Congress, but a shorter workweek may be difficult to implement on Wall Street.The finance sector has "always been a culture of heavy hours and working a lot," said Jason Snipe,...
Elon Musk speaks at Hornsdale wind farms in Australia for an event for TeslaGetty ImagesA fire occurred within a Tesla Megapack at one of the largest batteries in the world in Australia's Victoria state around 10:15 a.m. local time on Friday, CNBC has confirmed.The cause of the fire...
The CEO of Italian infrastructure giant Snam on Friday outlined a vision for the future of hydrogen, saying the "beauty" of it was that it could be easily stored and transported.Speaking to CNBC's "Squawk Box Europe," Marco Alverà spoke about how current systems would be used to facilitate...
Infrastructure stocks took off late this week as a bill backed by President Joe Biden cleared another key hurdle.Late Wednesday, the Senate voted to advance the infrastructure bill, which includes $550 billion in new spending for such projects as moving the country to clean energy reliance, building roads...
This photo, from 2019, shows a Scania cargo e-truck being powered by overhead electrical power lines on the A5 autobahn in Germany.Alex Kraus | Bloomberg | Getty ImagesThe U.K.'s Department of Transport has commissioned a consortium to look into the viability of using overhead wires to power long-distance...
The Shell logo is displayed in front of a Shell gas station on July 30, 2020 in San Rafael, California. Royal Dutch Shell reported second quarter adjusted earnings of $638 million compared to a net profit of $3.5 billion one year earlier.Justin Sullivan | Getty ImagesLONDON — Oil...
A tidal turbine weighing 680 metric tons and dubbed "the world's most powerful" has started grid-connected power generation at the European Marine Energy Centre in Orkney, an archipelago located north of mainland Scotland.The news marks another major step forward for the U.K.'s nascent marine energy sector. In an announcement...
Low-carbon hydrogen isn't "cost competitive with other energy supplies in most applications and locations" and the situation is unlikely to change unless there's "significant support to bridge the price gap," according to the World Energy Council.Published Tuesday, the analysis – which was put together in collaboration with PwC...
Longtime market bull Phil Orlando is bracing for a rough stretch because Wall Street has reached a critical "inflection point."The Federated Hermes chief equity market strategist is blaming the risk dynamic. Not only does Orlando see hotter-than-expected inflation and the Covid-19 delta variant as glaring issues, he's also worried...
An oil pump jack operates at the Inglewood Oil Field in Culver City, California, U.S., on Sunday, July 11, 2021.Kyle Grillot | Bloomberg | Getty ImagesLONDON — Oil and gas majors are likely to report bumper second-quarter earnings in the coming days, energy analysts have told CNBC, following...