A half-million school buses across US could become an EV battery powerhouse feeding the grid
Zum, which provides EV school buses and other student transport solutions to many districts across the country, will begin to feed power stored in EV bus batteries back to the California grid in a deal with Oakland. Across the U.S….
AI Boom’s Secret Winners? The Companies Expected to Power It
Investors looking for a unique way into the stock market’s artificial intelligence boom are finding an intriguing bank shot in what’s traditionally the most boring corner of the equities universe: utilities. AI is the buzzword these days, with everyone from…
UK Satellite Internet Engineer Filtronic Gets SpaceX Boost
Filtronic Plc soared in London trading after striking a deal with Elon Musk’s Space Exploration Technologies Corp. that gives the UK company’s satellite internet technology a high-profile seal of approval. Filtronic awarded SpaceX the option to take a stake of…
Euro-Zone Consumers Increasingly Struggle to Pay for Housing
A rising number of euro-area consumers is struggling to pay for housing after years of above-target inflation and surging borrowing costs, according to European Central Bank research. The share of lower-income households expecting to make late payments for utilities or…
Sony Is in Talks With Apollo on a Joint Paramount Bid
Apollo Global Management Inc. and Sony Group Corp. are considering a joint offer for Paramount Global, sparking a jump in shares of the film and TV giant as investors weigh the potential for a bidding war with technology mogul David…
Electricity Bills Boost Inflation—and Show No Sign of Slowing
Electricity bills have been on a steady march higher, contributing to elevated inflation, and there is a good chance the trend will continue. Electricity costs rose 0.9% on a seasonally adjusted basis in March over February levels, and 5% on…
US Industrial Production Rises Again on Boost From Manufacturing
US industrial production rose for a second month in March, boosted by a larger-than-expected increase in factory output as manufacturing shows further signs of stabilizing. The 0.4% increase in production at factories, mines and utilities matched the prior month’s revised…
Electricity Bills Boost Inflation—and Show No Sign of Slowing
Electricity bills have been on a steady march higher, contributing to elevated inflation, and there is a good chance the trend will continue. Electricity costs rose 0.9% on a seasonally adjusted basis in March over February levels, and 5% on…
Apple’s iPhone Shipments Plunge 10% as Android Rivals Rise
Apple Inc.’s iPhone shipments were down nearly 10% in the first quarter of the year, losing ground as the broader smartphone industry rebounded, according to market tracker IDC. The global mobile market rose to 289.4 million handsets shipped, marking a…