7 min read
Business

Magazine Mayhem Leads to Legal Action Between Sports Illustrated Owner and Energy Drink Entrepreneur

Sports Illustrated’s owner, Authentic Brands Group, announced on Monday that they would be suing Red Bull founder Dietrich Mateschitz over the chaotic events that unfolded at the magazine earlier this year.

2 min read
Business

Janet Yellen Issues Stark Warning to China on Clean Energy Dumping

In light of recent concerns about clean energy dumping, Janet Yellen, the U.S. Treasury Secretary, has issued a warning to China regarding its practices in the clean energy sector. Yellen highlighted the importance of fair and equitable distribution of clean energy technologies to promote global sustainability.

1 min read
Business

Energy Executives Grapple with Impact of Oil Mergers and Rising Demand for Clean Fuels at Houston Conference

More than 30,000 industry professionals gathered at the annual Houston energy conference to discuss the latest trends and innovations in the energy sector. The conference highlighted the importance of distribution in the oil and gas industry, with a focus on improving efficiency and reducing costs.

2 min read
Business

Energy Department to Cease Gathering Information on Crypto Mining in Light of Lawsuit Settlement

The U.S. Department of Energy has agreed to halt its collection of information on cryptocurrency mining activities following a lawsuit filed by a group of industry stakeholders. This decision comes after concerns were raised about the agency’s efforts to gather data without proper authorization.

1 min read
Business

Xcel Energy pole identified as possible ignition point in Texas wildfire disaster

Investigators are examining the distribution of power poles in Texas after a downed Xcel Energy pole was discovered as a possible source of a historic wildfire that swept through the region.

2 min read
Business

Global Energy Transformation Facing Setbacks, Says IEA

The International Energy Agency (IEA) has recently expressed concerns over the uneven distribution of energy transition efforts across the globe. While some countries are making significant strides in shifting towards cleaner and more sustainable energy sources, others are lagging behind.

2 min read
Business

New caffeine-packed drink from Dunkin’ enters market after Panera’s controversial offering

Dunkin’ has recently announced the release of their new caffeinated energy drink, following the controversy surrounding Panera Bread’s Charged Lemonade. The new product is set to be available at all Dunkin’ locations nationwide starting next week.

2 min read
Business

Chesapeake Energy surpasses profit projections for consecutive quarter

Diamondback Energy Inc. and Chesapeake Energy Corp. have both exceeded analysts’ expectations for earnings in the energy sector. Diamondback reported a third-quarter profit of $142 million, or 91 cents a share, surpassing the consensus estimate of 89 cents a share. Chesapeake also beat estimates with a third-quarter profit of $54 million, or 9 cents a share, compared to a consensus estimate of 2 cents a share.