President Trump announced earlier this week that he is directing the Department of Energy to allocate $175m to six coal plants across Kentucky, North Carolina, Ohio, Virginia, and West Virginia. This funding, sourced from the bipartisan infrastructure bill, aims to support upgrades and maintain operations. Trump, who has dismissed climate change, declared an “energy emergency”…

The U.S. posted a $95bn budget deficit in January, down 26% from a year earlier, as revenue growth outpaced spending increases, according to the Treasury Department. Receipts rose 9% to $560bn, while outlays increased 2% to $655bn. Higher customs duties driven by President Donald Trump’s tariffs significantly boosted revenues, with January net customs receipts reaching…

The Trump administration wants technology companies to commit to a new compact concerning AI data centers, Politico has reported, citing two administration officials. The draft compact sets out commitments to make sure data centers do not raise household electricity prices, strain water supplies or undermine the energy grid, according to a draft of the compact…

Publicly traded crypto-hoarding companies are emerging as a new source of risk for digital-asset markets after a sharp selloff that has cut Bitcoin prices nearly in half from their October peak above $126,000. These firms, known as digital-asset treasuries (DATs), built their business models on accumulating cryptocurrencies to drive equity premiums, but that strategy is…

Amazon sharply reduced its U.S. corporate tax bill in 2025 after benefiting from tax breaks in President Trump’s new tax law, even as its domestic profits surged. The company’s current U.S. tax expense fell to $1.2bn from $9bn a year earlier, while pretax U.S. profit jumped 44.5% to $89.5bn. On a cash basis, Amazon paid…

Walmart and major retail groups have urged a U.S. judge to reject a proposed antitrust settlement with Visa and Mastercard, arguing it allows the firms to continue charging excessive swipe fees and forces merchants to waive claims without meaningful reform. The $30bn case, settled in November, would slightly cut fees for five years, but critics…