Mohammed Ali
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Will Elon Musk’s conflicts keep him from serving in Trump’s White House?
Elon Musk dropped more than $100 million to help get Donald Trump back in the White House. Big-time surrogates are often rewarded with prominent cabinet positions. But Musk stands to lose a lot more if he enters government life. “If Elon Musk comes into the cabinet or into any government position, he will have to either recuse… -
The average home buyer is 56 years old as first-time buyers fall to historic lows
First-time home buyers make up the smallest portion of home purchases since the National Association of Realtors (NAR) started tracking the statistic in 1981. At the same time, the age of buyers is on the rise. First-time buyers dropped to 24% between July 2023 and June 2024. That’s down from 32% a year earlier, according… -
Why investors think a Kamala Harris victory leads to a weaker dollar
The U.S. dollar fell Tuesday, Nov. 5, as voters headed to the polls and investors hedged for a potential Kamala Harris victory. Investors think the dollar would weaken in a Harris economy and strengthen in a Donald Trump-led economy. In October, the dollar swelled on odds that former President Trump would win the presidency. But… -
Can Trump get rid of income tax and replace revenue with tariffs?
In a presidential campaign cycle filled with tax cut proposals, one is loftier than all the rest. Former President Donald Trump has repeatedly floated the idea of getting rid of individual income tax and replacing it with revenue from tariffs. Individual income tax currently provides 49% of the federal government’s annual revenue. “Were you serious… -
Most profitable US fishing port voices concerns over offshore wind projects
The New Bedford Port Authority, which oversees the nation’s most profitable commercial fishing hub, is voicing concerns over new offshore wind developments that could impact critical scalloping grounds. Generating over $400 million annually, around 80% of the region’s fishing industry revenue stems from its scallop harvests. Over the next 16 years, the most impacted fisheries… -
Dodgers-Yankees World Series matchup the more classic kind of ‘moneyball’
The 2024 World Series matchup is the more classic kind of “moneyball,” where two of the most gargantuan payrolls in Major League Baseball meet at the end of the playoff road. The Dodgers-Yankees matchup is between presumed league MVPs, the $700 million Shohei Ohtani and $360 million Aaron Judge. Both teams sport three players with… -
Coal is powering the world’s renewable energy transition
The global shift toward renewable energy has breathed new life into one of the world’s most significant polluters: coal. As countries ramp up the transition to electric power, the intermittent nature of renewable energy sources like wind and solar has spurred an increase in expected coal use to meet rising electricity demands. The International Energy… -
Texas power grid to connect with national network after decades of isolation
For decades, Texas has operated its own independent power grid, largely isolated from the rest of the country. However, a recent initiative from the Biden administration aims to change that by investing millions to better connect the state with the national electrical system. Texas initially distanced itself from the national grid in the 1930s, seeking… -
X is worth 79% less than when Elon Musk bought it for $44 billion: Report
Elon Musk’s contention in 2022 that he and his fellow investors were overpaying when they bought the social media platform formerly known as Twitter seems to be spot on. Fidelity said the value of its investment in X dwindled by nearly 79%. Asset managers at Fidelity’s Blue Chip Growth Fund say the value of its… -
Chinese researchers use solar power to extract lithium from seawater
The rising demand for lithium, a crucial component in technologies such as renewable energy infrastructure and electric vehicle batteries, is driving new technological advancements aimed at procuring more of the metal. Researchers in China are developing a method for extracting lithium directly from seawater to try and help meet the world’s growing need for this… -
The Metals Company issues scientific rebuttal to ‘dark oxygen’ discovery
A “ground-breaking” scientific discovery made 13,000 feet below the ocean’s surface would fundamentally change humanity’s understanding of how oxygen is produced, but its findings are being called into question. A company with vested interests in whether or not this science is considered valid has claimed this research regarding “dark oxygen” is “flawed” and “misleading.” The… -
GE Vernova announces staff cuts amid wind turbine failures, financial losses
GE Vernova has announced significant staff reductions in its offshore wind business following a series of operational setbacks and financial losses. The company stated that 900 employees globally could be affected by the move, citing rising material costs and persistent supply chain disruptions as key reasons behind the decision. “The proposal reflects industry wide challenges… -
BP to sell off US wind energy assets while prioritizing oil and gas investments
BP announced its decision to divest from its U.S.-based onshore wind turbine operations. The move signals a shift in strategy, with the company refocusing on its core business of oil and gas production, a pivot that comes amid changes in leadership and investor dissatisfaction with its previous emphasis on renewable energy. Under BP’s new CEO…
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